To be selected as a lottery retailer or video lottery machine operator, a natural person acting as a sole proprietor shall:
(1) Be at least eighteen years of age;
(2) Be of good character and reputation;
(3) Have sufficient financial resources to support the activities required to sell lottery tickets or place and service video lottery machines; and
(4) Be current in payment of all taxes, interest, and penalties owed to the State of South Dakota, excluding items under formal dispute or appeal pursuant to applicable statutes.
A lottery retailer or video lottery machine operator may not be a lottery vendor or an employee or agent of any lottery vendor doing business with the South Dakota Lottery.