(1) A person or entity shall not conduct, nor accept wagers for parimutuel fantasy sports in Montana unless the person or entity has applied for and been granted a license pursuant to Title 23, chapter 4, MCA, and this chapter in one or more of the following categories:

(a) parimutuel network;

(b) parimutuel network director; or

(c) parimutuel facility.

(2) The annual licensing fee for fantasy sports parimutuel licenses shall be as follows, subject to amendments by the board that are applied equally across a single category:

(a) parimutuel network                                                                                                      $1000

(b) parimutuel network director                                                                                            250

(c) parimutuel facility                                                                                                               75