Maine legalizes daily fantasy sports
The piece of legislation introduced by Senator Roger Katz and co-sponsored by State Representatives Jeffrey Timberlake, Bradlee Thomas Farrin and Jared Golden and State Senators Andre E. Cushing III, Troy Dale Jackson, Garrett P. Mason was submitted to Le Page in June.
HOW A BILL BECOMES A LAW IN MAINE
The bill specifies that fantasy sports is not a game of chance. It also levels the playing field among operators. Companies with revenue less than USD 100,000 won’t have to pay licensure fee.
Daily fantasy sports operators such as DraftKings and FanDuel -who earn more than USD 100,000- will be forced to pay USD 2,500 licensing fee. Companies earning up to USD 100,000 will also have to pay 10% of their gross revenue.
In an effort to strengthen consumer protection, the bill also sets minimum age of 18 for players and prohibits contests based on collegiate or other amateur events.
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