The Commission shall issue a Class B-1 sports wagering facility license to an applicant that: Meets all applicable licensing requirements under State Government Article, Title 9, Subtitle 1E, Annotated Code of Maryland, and the Commissions regulations; and Is not eligible for a Class B-2 sports wagering facility license under State Government Article, §9-1E-06(a)(iv), Annotated Code of Maryland. The Class B-1 sports wagering facility license is one license category of the 30 licenses the Commission may issue to Class B-1 or Class B-2 sports wagering facility applicants under State Government Article, §9-1E-06(a)(2)(ii), Annotated Code of Maryland. The nonrefundable application fee for a Class B-1 sports wagering facility license is $250,000. The performance bond for a Class B-1 sports wagering facility license is $750,000.