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September 19, 2020

HB707 moves to the House Regulatory Affairs Committee

Florida daily fantasy sports bill makes progress

Florida daily fantasy sports bill makes progress
Florida state Representative Matt Gaetz’s daily fantasy sports regulation bill, HB707, made it through the state House Business and Professions Subcommittee Tuesday.
United States | 01/14/2016

Florida state Representative Matt Gaetz’s daily fantasy sports regulation bill, HB707, made it through the state House Business and Professions Subcommittee Tuesday.

T

he bill passed on a 10 vs. 3 vote and has been forwarded for further discussion to the House Regulatory Affairs Committee.

Whilst not unanimous – there remain some areas where amendments will be inserted – the bill appeared to find general favour and has been augmented with the addition of financial details, such as a one-off $500,000 license fee and an annual renewal fee of $100,000, bringing it in line with an equivalent Senate proposal.

“My belief is that if we pass this bill in this format, that we will become a model for the country,” Gaetz said. “And we will show the country how to appropriately deal with fantasy contests.”

The anticipated strong tribal opposition did not materialize, but the bill has a way to travel yet.

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