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IN HB1239
Bill
Status
1/10/2019
Primary Sponsor
Alan Morrison
Click for details
AI Summary
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Small paid fantasy sports operators (those operating in Indiana before July 1, 2016 with fewer than 300 Indiana participants) would pay a reduced $10,000 initial registration fee instead of the standard $50,000-$75,000 fee
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Annual renewal fees for qualifying small operators set at $1,000, compared to $5,000 for larger operators
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Small operators required to undergo financial audits by a certified public accountant every four years, rather than annually as required for other game operators
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Audit results must be submitted to the division, and the same CPA cannot perform more than two consecutive audits for the same operator
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Effective date: July 1, 2019
Legislative Description
Paid fantasy sports registration fees and audits. Provides that a game operator that: (1) conducted paid fantasy sports games in Indiana before July 1, 2016; and (2) had fewer than 300 Indiana participants; shall pay a $10,000 initial fee to conduct paid fantasy sports games, shall pay a $1,000 annual fee to conduct paid fantasy sports games, and shall contract for financial audits of the game operator's operations every four years.
Last Action
First reading: referred to Committee on Public Policy
1/10/2019