MS SB2896

Establishes licensing requirements for fantasy contest operators through the Mississippi Gaming Commission, requiring operators with 100+ players to obtain a license and pay a $5,000 application fee.

Imposes an 8% tax on operators' net Mississippi revenue from fantasy contests, calculated quarterly and collected by the Department of Revenue.

Implements player protections including restrictions on employee participation, age verification (18+ for online, 21+ for on-premises), prevention of confidential information sharing, and limits on multiple entries per contest (varying by contest size).

Prohibits fantasy contests based on collegiate, high school, or youth sports; restricts participants who officiate or have financial interests in sporting events from entering related contests.

Establishes civil penalties of up to $1,000 per violation (capped at $50,000) for violations and grants the Gaming Commission authority to investigate, discipline, suspend, or revoke licenses.