WV HB3481

Legalizes daily fantasy sports contests where participants compete against the operator (not other players) by assembling fictional rosters of real athletes, with outcomes determined by statistical performance

Requires operators to obtain a license from the West Virginia Lottery Commission, with initial fees ranging from $10,000 for new operators up to $1 million for established operators, and licenses valid for four years

Imposes a 15% privilege tax on adjusted gross daily fantasy sports contest receipts, with net profits distributed first to the State Lottery Fund (up to $15 million annually) and the remainder to the PEIA Financial Stability Fund

Mandates background checks, independent audits, and testing laboratory verification for operators, along with reporting requirements for suspicious activity including match-fixing and illegal fund usage

Establishes consumer protections including a minimum age of 19 to participate, voluntary self-exclusion programs for problem gamblers, and prohibition on contests involving high school or lower-level sporting events