SB 2541 Summary

• Creates a Fantasy Contest Task Force to review and recommend oversight of fantasy contests with entry fees, requiring a final report to the Legislature by October 15, 2016.

• Establishes the Fantasy Contest Act legalizing fantasy contests in Mississippi and requiring operators to register with the Gaming Commission and comply with specific operational procedures.

• Mandates fantasy contest operators implement safeguards including age verification (18+), employee participation bans, confidentiality protections, player fund segregation, and annual independent audits.

• Restricts fantasy contests to professional athletes and professional athletic events only, and prohibits outcomes based on single team performance or single athlete performance.

• Imposes civil penalties of up to $10,000 per violation and sunsets the Fantasy Contest Act on July 1, 2017.