SB114 Summary

• Establishes the Fantasy Contests Act to regulate fantasy and simulated contests in Alabama, defining them as skill-based competitions where outcomes are determined predominantly by accumulated statistical performance of individuals and prizes are established in advance.

• Requires fantasy contest operators to implement consumer protection procedures including age verification (18+), prevention of employee participation, segregation of player funds with mandatory reserves, restrictions on participants in actual games being contested, and limits on entry submissions per player.

• Mandates annual independent audits by third parties using generally accepted accounting standards to verify operator compliance with all requirements, with results submitted to the Attorney General.

• Imposes civil penalties of up to $1,000 per violation, enforceable by the Attorney General through civil action, with penalties accruing to the state.

• Exempts fantasy contests from criminal gambling penalties under Alabama Code Title 13A, Chapter 12, Article 2; becomes effective on the first day of the third month following passage and approval by the Governor.