Pennsylvania Pushes For Fantasy Sports Betting Bill
In another indication of just how popular the daily fantasy sports market is, a group of representatives in the state of Pennsylvania are pushing for a bill that will enable land casinos to operate daily fantasy sports competitions.
House Bill 1197 headed by Rep George Dunbar was passed last week in the House of Committee Gaming Oversight. In terms of the bill existing casino license holders will require a special license in order to operate tournaments and will be restricted to land-based facilities only. The licensing fee would be $50,000 with a tournament vendors having to pay a fee 0f $10,000.The State of Pennsylvania would benefit for a 5% monthly gross tournament revenue with players needing to be over the age of 21 to partake.
Mobile apps or dedicated websites will be allowed but not for actual playing of the contests. These will be more for monitoring the progress of their competitions. The bill will ensure that only existing Pennsylvania license holders will be allowed to apply for a daily fantasy sports license. Any players with a dubious background will be blocked from applying in terms of the bad actor clause which is aimed at companies that violated the Unlawful Gambling Enforcement Act.