Bill now has USD 50,000 licensing fee, with USD 5,000 renewal
Indiana becomes second state to send DFS regulation to governor
Indiana became the second state to officially send a fantasy sports regulatory bill to a governor after the Senate passed legislation on Friday.
2016-03-07
Reading time 49 seg
Indiana became the second state to officially send a fantasy sports regulatory bill to a governor after the Senate passed legislation on Friday.
Virginia’s fantasy sports bill was passed by both chambers last week and landed on the governor’s desk this week. The bill won’t immediately go to Gov. Mike Pence, but will head there soon.
While it was good news for DFS in Indiana, the news was not as good in Florida, where an effort to tack DFS language onto another bill was abandoned.
The Senate concurred with the House version of the fantasy sports bill on Friday, just a day after the House passed S 339 — an amended version of the original Senate bill — by an 82-12 margin a day earlier. It passed by the Senate by a 34-10 vote.
Since the bill had last been in the Senate, it had been changed a few times. Among the major changes since the bill was first introduced that are now in the bill:
- The bill now has a $50,000 licensing fee, with a $5,000 renewal.
- Oversight of the industry is handled by the state gaming commission.
- Operators may not offer contests based on amateur contests — that includes college football and basketball.
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