Regulate and Tax Sports Fantasy League Activities in Maine
|Category:||Digital Media Production|
|Sponsor:||Senator Roger Katz, Senate 24 - Cumberland County|
|Bill #:||LD 1320|
UPDATE: This was one of the last bills to hit the floor. After being amended a few times, the bill easily passed the Senate, but hit a roadblock its first time through the House. They voted it Ought Not to Pass. However, on its second time through, it passed. The bill has a small fiscal note and it has been placed on the Special Appropriations Table.
This bill requires persons who operate fantasy contests to register annually with the Department of Public Safety and pay a registration fee based on the gross revenues generated by that fantasy contest operator during the 12 months prior to registration or renewal. "Fantasy contest" is defined as a simulated game or contest in which one or more players pay an entry fee and compete for and win prizes of value based on outcomes that reflect the relative knowledge and skill of the players and that are determined predominantly by accumulated statistical results of the performance of individuals, including athletes in the case of sporting events.
This bill regulates the operators of fantasy contests, including by prohibiting the fantasy contest operator, an employee of the operator or a relative of the employee in the same household from participating in the contests; requiring the outcome to be based on more than just a score or point spread of a single game or contest; allowing an individual, on that individual's request to the operator, to be barred from playing in the contest; requiring the operator to provide notice of the prizes prior to the contest; and requiring the operator to establish a separate reserve account for the payment of prizes.
Finally, the bill exempts fantasy contests from the laws prohibiting games of chance and gambling.