MO SB1131

Creates the "Missouri Daily Fantasy Sports Consumer Protection Act" requiring operators to obtain a license from the Missouri Gaming Commission before offering daily fantasy sports games, with initial application fees of $50,000 or $15,000 per person investigated and minimum annual fees of $25,000

Imposes a 21% tax on adjusted gross receipts (entry fees minus prize payouts) from Missouri residents, deposited into a new "Fantasy Sports Fund" dedicated solely to funding public schools

Sets minimum age to participate at 21 years old and requires operators to verify player age and state of residence, maintain self-exclusion lists, and hold player funds in trust accounts separate from operator funds

Prohibits operator employees, officers, directors, and contractors from playing daily fantasy sports games or disclosing nonpublic information that could affect game outcomes

Requires operators to withhold 4% state income tax on prizes of $1,200 or more and undergo annual financial audits by certified public accountants