Montana DFS bill unanimously passed by Senate
A bill to allow a restricted form of daily fantasy sports (DFS) contests in Montanta has taken a step closer to becoming law after it was unanimously passed by the state Senate Tuesday.

Senate Bill 25 would legalise daily fantasy sports competitions in which Montana residents can participate for a maximum entry fee of $35, and where the prizes on offer represent a "minimal non-monetary value."
The definition of "minimal non-monetary value" will be set by the state Department of Justice (DoJ), which will be responsible for overseeing the contests through its Gambling Control Division.
In addition to the restrictions on entry fees and prizes, the legislation defines DFS as skill-based contests and not games of chance.
It also aims to allow non-profit organisations to raise funds through online and offline raffles, noting that such raffles are already being held illegally, and changes the definition of “gift enterprises” to allow such fundraising methods.
Having been introduced in June last year by Republican Senator Mark Blasdel, the legislation has now passed its second and third readings in the legislative chamber. It passed both votes with 49 in favour and none voting against.
SB25 now passes to the Montana House of Representatives for further scrutiny. Should it be approved by the House, it will then pass to Governor Steve Bullock to be signed into law.

Gaming Intelligence

Back To All News

Tags: Curacao gaming licence,gaming licence,Financial Institution Licence,Payment Institution,Incorporation of company in Malta,Malta gaming licence,online gaming license,Incorporation of company in Bulgaria,E-Money licence