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Indiana Governor Signs DFS Legislation

State Becomes Second In Nation To Pass DFS Bill

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Indiana Legislature/WikipediaIndiana this week became the second state in the country to pass a bill to legalize and regulate daily fantasy sports websites.

Gov. Mike Pence signed Senate Bill 339# on Thursday, a week after the legislation arrived on his desk, according to a report from the Indy Star. Earlier this month, Virginia enacted a DFS bill, the first U.S. state to do so.

Under the new Indiana law, DFS players must be at least 18, and the sites can’t take action on college sports. The state will get $50,000 from DFS operators in the form of a licensing fee. The Indiana Gaming Commission will have oversight and enforce consumer protections on the games, which as many as 150,000 Indiana residents play.

DraftKings, one of the leading players in the DFS space, said in a statement:

“Today, Indiana became yet another state to put in place a thoughtful and appropriate regulatory framework to protect the rights of fantasy players. We thank Governor Pence for his leadership and advocacy and are hopeful that other states across the country will follow Indiana’s lead.”

More than 20 states, including California and New York, are advancing similar legislation. In New York, DraftKings and FanDuel agreed to stop doing business there while lawmakers work toward passing legislation. FanDuel is based in New York.

 
 
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