Governor Phil Bryant signs bill S 2541 into law

Mississippi becomes latest state to enact Fantasy Sports law

Mississippi Governor Phil Bryant signed a fantasy sports regulation bill — S 2541 — into law, a source familiar with the legislation told Legal Sports Report. Friday was the deadline for him to act on the legislation.
2016-05-16
Reading time 1:04 min
Mississippi Governor Phil Bryant signed a fantasy sports regulation bill — S 2541 — into law, a source familiar with the legislation told Legal Sports Report. Friday was the deadline for him to act on the legislation.

That’s a major victory for DFS sites, most of which pulled out of the state in the wake of a negative opinion from the attorney general in January.

FanDuel and DraftKings did not immediately respond to if and when they would reenter the market.

The news in Mississippi came after both Missouri and Colorado sent bills to their respective governors this week as well.

The only true setback came in Minnesota, where a bill was shelved for the current legislative session.

The Mississippi DFS bill, at a glance

The bill is a fairly simple piece of legislation compared to bills in other jurisdictions.

The bill sets up the Fantasy Contest Task Force to review the industry and suggest more comprehensive regulations. It says that fantasy sports operators must register in the state to operate — without a licensing fee. Basic consumer protections are also implemented by the law.

The law repeals itself on July 1 of next year, by which time the state may act to put in place more robust regulation.
More details on the bill as enacted here.

The tally sheet for DFS laws

Three other states have passed DFS laws this year: Indiana, Virginia and Tennessee


Bills sit on the governors’ desks of two others: Colorado and Missouri  

Kansas passed a law formally legalizing DFS last year. Massachusetts Attorney General Maura Healey instituted regulations for the industry this year.

 

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