The fantasy sports industry continues to conform rapidly within the United States, with several updates to report from across the nation this week. There has been positive news from the Midwest, while southern states haven't yet come on-board the regulation train.
Indiana Sends Fantasy Regulation to Governor
Indiana became the second one 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 glided by both chambers last week and landed at the governor’s desk this week. The bill won’t immediately visit Gov. Mike Pence, per GamblingCompliance, but will head there soon.
The Senate concurred with the home version of the fantasy sports bill on Friday, only a day after the home passed S 339 — an amended version of the unique Senate bill — by an 82-12 margin an afternoon earlier. It glided by the Senate by a 34-10 vote. See more from this story at Legal Sports Report.
Georgia Senate Fails to behave on Fantasy Bill
The Georgia Senate decided to not soak up a bill Monday regulating daily fantasy sports after state Attorney General Sam Olens’ office said the games constitute illegal gaming. The attorney general’s opinion was requested by Joseph Kim, legal counsel for the Georgia Lottery Corp. It came after state Sen. Renee Unterman, R-Buford, proposed that daily fantasy sports in Georgia be subject to state regulation for the primary time.
Senate Bill 352 would have set standards for operations and payouts. It might have banned anyone under 18 from playing. And it might have mandated that businesses register in Georgia in the event that they have players here, setting an initial $50,000 fee — and $10,000 annually — to be paid toward state teaching programs including the Hope Scholarship for students. More at AJC.com
FanDuel Leaving Texas; DraftKings to stick and Fight
Texas Attorney General Ken Paxton announced that the state reached a settlement with FanDuel that will have the daily fantasy sports operator leave the state on May 2. The settlement comes a few month and a half after Paxton offered his formal opinion that DFS constitutes gambling under state law. The move takes one of the most larger states for DFS out of play for FanDuel, with a purpose to operate in 41 states after the May deadline.
DraftKings appears able to fight the attorney general in court on his assertion that DFS is against the law in Texas. FanDuel and DraftKings have both left Mississippi and Hawaii recently after negative opinions in those states. Read more at Legal Sports Report.
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