# COMAR Title 36 — Maryland State Lottery and Gaming Control Agency

## Subtitle 09 — Online Fantasy Competition

### Chapter 04 — Financial Standards

#### Regulation .05 Proceeds; Tax.

*COMAR 36.09.04.05*

A. An operator shall retain 85 percent of its fantasy competition proceeds and pay the remaining 15 percent to the Commission.

B. A fantasy competition operator shall submit its 15 percent share of proceeds and tax return to the Commission quarterly:

  (1) No later than the 15th day of the month that follow the end of each quarter;

  (2) For the tax return, by email as designated by the Commission; and

  (3) For the tax, by wire transfer.

C. If an operator fails to submit its quarterly tax and a properly completed tax return to the Commission by the end of the month following the end of a quarter, the Commission may suspend the operator’s registration.

D. If the Commission suspends an operator’s registration under §C of this regulation, the Commission may lift the suspension after the operator submits the tax return and the tax payment.