GA HB1329

Authorizes and regulates fantasy sports contests in Georgia under the Georgia Lottery Corporation, requiring all operators to obtain a license with fees of $100,000 (application) and $1,000,000 (annual) for large operators (≥$5 million in adjusted gross receipts) or $5,000 annually for smaller operators, with licenses valid for five years

Imposes a 20% annual privilege tax on operators' adjusted gross fantasy contest receipts, paid monthly to the corporation, with all tax and fee revenues directed to education purposes under the Georgia Constitution's lottery provisions

Restricts participation to individuals aged 19 or older who are physically located in Georgia, and prohibits minors, athletes, coaches, referees, corporation employees, and licensee principals from paying entry fees, with escalating criminal penalties for violations ranging from misdemeanor fines ($500–$1,000) to high and aggravated misdemeanors ($7,500+ or imprisonment)

Requires operators to implement consumer protections including identity and age verification, geolocation technology, self-exclusion and self-limitation programs, responsible gaming messaging, anti-money laundering compliance, and problem gaming disorder resources with toll-free helpline numbers

Excludes fantasy contest entry fees from the legal definition of "bet" under Georgia's gambling statutes and exempts them from state sales and use tax, with an effective date of October 1, 2024, for all provisions except rulemaking authority which takes effect upon the Governor's approval