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FL H7079
Bill
Status
Introduced
2/19/2024
Primary Sponsor
Commerce Committee
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AI Summary
- Creates the "Fantasy Sports Contest Amusement Act" (ss. 546.11–546.18, F.S.), requiring fantasy sports contest operators to obtain an annual license from the Florida Gaming Control Commission and establishing the Legislature's finding that fantasy sports contests involve participant skill
- Defines fantasy sports contests as simulation games using professional athletes where winning outcomes are determined predominantly by accumulated statistical performance, and prohibits contests based on single-team scores, point spreads, pari-mutuel events, poker, or collegiate/high school/youth sports
- Requires licensed contest operators to implement consumer protections including verifying participants are 21 or older, segregating participant funds from operational funds, preventing employees and their relatives from competing for cash prizes, and allowing individuals to self-exclude
- Establishes administrative fines of up to $5,000 per violation and $100,000 in the aggregate for operators who violate the act, and exempts compliant fantasy sports contests from Florida's gambling prohibitions under chapter 849
- Exempts noncommercial contest operators (natural persons collecting no more than $1,500 per season or $10,000 per calendar year in total entry fees, with all fees returned as prizes) from the licensing requirement, and sets a July 1, 2024, effective date
Legislative Description
Fantasy Sports Contest Amusement Act
Last Action
Died on Second Reading Calendar
3/8/2024
Full Bill Text
No bill text available