HF2000 Bill Summary

• Authorizes mobile sports betting: Allows persons 21+ to place wagers on sporting events through licensed Indian Tribe operators; requires Commissioner of Public Safety to regulate through licensing, rulemaking, and enforcement with up to 11 operator licenses available.

• Establishes fantasy contests framework: Permits fantasy sports contests through licensed operators with entry fees; winning outcomes determined by statistical performance of actual athletes; Commissioner must regulate licensing, account requirements, and responsible gaming standards.

• Creates taxation structure: Imposes 20% tax on sports betting net revenue and 10% tax on fantasy contest receipts; 80% of sports betting revenue goes to general fund, 20% to amateur sports account; funds allocated for problem gambling treatment and youth sports programs.

• Prohibits unlawful wagering and establishes criminal penalties: Makes unlicensed sports betting and wagering by prohibited individuals (players, coaches, those with nonpublic information) misdemeanors to felonies depending on wager amounts; includes fraud and bribery provisions for sports integrity.

• Provides state funding and amateur sports grants: Appropriates $4+ million to Department of Public Safety and $1.6+ million to Department of Revenue for regulation; establishes grants for amateur sports integrity, youth sports participation, and high school youth activities in high-crime areas.