INDIANAPOLIS, Ind. (Mar. 4, 2016)– Regulating daily fantasy sports in Indiana took a step forward Friday.
Both the House and Senate passed a modified version of a bill that would require sites like Draftkings and FanDuel to pay the State fees and implement age restrictions. The bill designates paid fantasy sports as a game of skill.
The Senate passed House changes that set the licensing fee at $50,000 with another $5,000 yearly renewal fee.
The bill requires players to be at least 18 years old and excludes betting on college or high school sports.
“Millions of Americans across the country participate in daily fantasy sports games every year,” Sen. Jon Ford (R-Terre Haute) said. “Senate Enrolled Act 339 is a step in the right direction to protect those Hoosiers who participate in these games.”
The bill now goes to Gov. Pence for final approval.
Griffin Finan, DraftKings’ Director of Public Affairs, issued the following statement:
“We are pleased with the progress today in Indiana and thank Senator Ford and Representative Morrison for their advocacy. We look forward to continuing our dialogue with legislatures across the country to put in place a regulatory framework with thoughtful and appropriate consumer protections for fantasy sports players.”