March 3, 2016

Indiana House Approves Daily Fantasy Sports Legislation

INDIANAPOLIS -- House lawmakers Thursday took what might be their last vote this session on legislation regulating daily fantasy sports. 

The daily fantasy sports bill got quite a makeover in the House.  What was a $5,000 initial licensing fee for operators of the games is now a $50,000 fee.  The bill now has a provision creating a study committee this year that will examine how to require operators to withhold income taxes and overdue child support payments from its players’ winnings. 

Rep. Alan Morrison, R-Terre Haute, the measure’s sponsor, calls it a consumer protection bill.

“It’s aimed at ensuring that the close to one million Hoosiers who participate in daily fantasy sports are doing so with legitimate businesses on a level playing field,” Morison said.

The House approved the measure 82-12, sending it back to the Senate.  The Senate author of the bill says he hopes his chamber will agree to the House’s changes and send the legislation to the governor.

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