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Indiana regulates DFS as Governor signs legislation into law

Indiana has followed Virginia in becoming the second US state to pass legislation specifically designed for daily fantasy sports (DFS) after a bill was signed into law by Governor Mike Pence last week. 

State Enrolled Act 339, which legally designates paid fantasy sports contest as a game of skill rather than a gambling product, was signed by Governor Pence after passing both legislative houses with overwhelming support.

Introduced by Representative Alan Morrison and Senator Jon Ford, it was approved in the House by a vote of 82-12 and by 34-10 in the Senate. 

It establishes the Paid Fantasy Sports Commission, a new body through which players will be given certain consumer protections, which will be managed by the state Gaming Commission. Contest entry will be restricted to those over the age of 18, while players will only be able to enter a limited number of contests. 

Operators will be required to pay a $50,000 registration fee, which may be increased to $75,000, then an annual renewal fee of $5,000.

Indiana has now become the second US state to legalise fantasy sports after Virginia Governor Terry McAuliffe rubber-stamped similar legislation earlier this month.

“With Governor Pence signing fantasy sports legislation into law, Indiana has taken a sensible approach by clarifying the legal status of fantasy sports in the state and establishing some tough, but smart consumer protections to ensure games are fair and players know it,” FanDuel said. 

“We want to thank Governor Pence and the members of the legislature, particularly bill sponsors Representative Morrison and Senator Ford, who listened to the legions of their constituents who love playing fantasy sports. 

“Indiana is the second state to pass positive fantasy sports legislation this year, following Virginia, and more than 20 states are advancing similar legislation,” the operator added. “We look forward to working with lawmakers in other states to continue the trend and ensure 50 million fantasy players can continue to play games they know and love.”

GamingIntelligence

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