Regarding the Regulation of Sports Wagering

Last updated: May 14, 2019

Details about this bill
Category: Miscellaneous
Status: Defeated
Sponsor: Senator Matt Pouliot, Senate 15 - Kennebec County
Session: 129
Bill #: LD 1642

Position:

Monitoring.

Summary:

This bill authorizes sports wagering regulated by the Department of Public Safety, Gambling Control Unit. The bill requires a person or entity offering sports wagering to hold an operator license. A gaming entity that offers sports wagering through mobile applications or digital platforms in any jurisdiction in the United States pursuant to a state regulatory structure and that meets certain requirements is eligible to receive an operator license. An operator license authorizes the operation of sports wagering through a mobile application or digital platform approved by the Gambling Control Unit. For the privilege of holding a license to operate sports wagering, the bill levies a tax of 10% of the licensee's adjusted gross sports wagering receipts from the operation of sports wagering. The bill allows the director of the Gambling Control Unit to enter into a sports wagering agreement between the director and one or more other governments whereby persons who are physically located in a signatory jurisdiction may participate in sports wagering conducted by one or more operators licensed by the signatory governments. The bill also allows a fantasy contest operator to offer a fantasy contest based on the performances of participants in collegiate athletic events.