FL S0832

Creates the "Fantasy Contest Amusement Act" to regulate fantasy sports contest operators in Florida through licensing and consumer protection requirements administered by a new Office of Amusements within the Department of Business and Professional Regulation.

Requires contest operators to obtain a license with an initial application fee of $500,000 and annual renewal fee of $100,000 (capped at 10% of entry fees collected minus prizes paid) and provide a $1 million surety bond.

Mandates consumer protections including age verification (18+), segregated participant funds, restrictions on employee participation, limits on multiple entries per contest, and annual independent audits by third parties.

Establishes that fantasy contests involve skill rather than gambling, exempting them from Florida gaming laws (Chapter 849), and imposes civil penalties up to $5,000 per violation ($100,000 aggregate) for operator violations.

Requires contest operators to maintain 3 years of daily operational records and file quarterly reports with the office; applications deemed approved if not acted upon within 120 days.