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Missouri wants 21 Percent Tax on Daily Fantasy Sports

Wednesday, March 23, 2016 : MISSOURI BILL PROPOSES 21 PERCENT TAX ON DAILY FANTASY SPORTS
 
SB 1131 currently stalled at committee stage.
 
A daily fantasy sports regulatory bill currently stalled in the Missouri state Senate proposes a hefty 21 percent tax rate on revenues - the same rate applied to gambling operators in the state.
 
Senator Scott Sifton's SB 1131 is currently stalled in the Senate Progress and Development Committee after a hearing scheduled for March 9 was cancelled.
 
The bill imposes an age limit of 21 years for fantasy sports players.
 
In related news, Minnesota lawmakers debated a fantasy sports bill Tuesday during a House committee hearing on a proposal by Representative Tim Sanders that would declare fantasy games are not gambling and are therefore legal in Minnesota.
 
Currently, Minnesota law does not specifically address fantasy sports, a situation Sanders is seeking to remedy with a measure that declares fantasy sports games are contests predominantly of skill, allowing DFS operators to be active in the state without having to register or pay gambling taxes.
 
However, Sanders has encountered opposition, with some lawmakers claiming that his bill does not go far enough to protect consumers, and that operators should be required to register, be independently audited and undergo stringent background checks.
 
Whilst Sanders does not agree with these suggested amendments, he was prepared to insert a requirement that DFS players be at least 18 years old, that DFS employees should not take part in contests, and that contests involving high school or college sports are out of bounds.
 
Sanders said his bill makes no distinction between seasonal fantasy sites and daily fantasy sites and that, ultimately, there’s no difference between the two and neither are gambling.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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