The chair of the Iowa
Senate’s Ways and Means Committee has introduced a bill to legalise daily
fantasy sports (DFS), while a similar bill in Missouri heads for a Senate
Iowa Senator Joe
Bolkcom has introduced Senate Study Bill 3181, which would give the state Racing
and Gaming Commission full authority over internet fantasy sports
operators will be required to secure a licence to offer their services to
Iowa residents, with licensees subject to a tax of 7.5 per cent of revenue
from operations in the state. Half of one percent of this sum will be
directed to the Department of Public Health for problem gambling
treatment, with the remainder deposited in the Rebuild Iowa Infrastructure
Play is restricted to
those over the age of 21, with DFS operator employees and their relatives
banned from entering any contest offering a prize of more than $5. Contests on
amateur and collegiate sports will be banned.
Meanwhile in Missouri,
Senator Richard Stifton's Senate Bill
1131 passed the state Progress and Development Committee.
The bill makes DFS
contests subject to state gambling rules, but clarifies that contests are not
considered gambling unless operated by an unlicensed operator.
Contests would be
taxed at 21 per cent, with operators required to pay an initial fee of up to
$50,000 and an annual renewal fee of $25,000.
A bill before the
Missouri House of Representatives, HB1941,
has also been approved and passed to the Senate. It was introduced by
Represntative Scott Fitzpatrick and passed following its third reading with 104
votes in favour, 38 against and 20 abstentions.
It classes fantasy
sports as a game of skill, and sets a $5,000 initial licensing fee, with annual
renewal feels of the same amount, and no tax on revenue.