Maine fantasy sports bill passes into law

Maine has become the fifteenth US state to regulate daily fantasy sports (DFS) after Governor Paul LePage allowed legislation to pass into law without his signature.

Senator Roger Katz introduced SP0449 in April of this year, securing House approval in June and Senate approval in July. With Governor LePage declining to approve or veto the bill, it has now automatically passed into law.

The legislation defines daily fantasy sports as a game of skill, although the state's Gambling Control Unit will have responsibility for regulating the activity. 

The regulations include limiting play to those over the age of 18, segregating player and operational funds, blocking professional athletes and DFS employees from entering contests, and providing access to problem gambling resources. Advertising regulations have also been introduced to ensure that ads do not appeal to minors and accurately portray player's chances of winning.

All operators targeting players in Maine will be required to register with the Gambling Control Unit, and pay a fee of 10 per cent of gross DFS revenue from the state in the preceding 12 months, up to a maximum of $5,000. This registration fee is waived if no revenue was generated in-state during the 12-month period.

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