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Indiana DFS Bill

Friday February 19,2016 : INDIANA DAILY FANTASY SPORTS BILL PROGRESSES
 
Lawmakers want to raise the minimum playing age to 21 years.
 
A bill (SB339) seeking to declare daily fantasy sports competitions legal in Indiana has been approved by the state Senate and is now under consideration by the House Public Policy Committee, which is expected to vote the measure forward next week.
 
Among the amendments sought so far by committee members in an initial 90 minute discussion are raising the player minimum age to 21 years, and moving the regulation of daily fantasy sports from the Horse Racing Commission to the Gaming Commission. The fees that daily fantasy sports companies would pay to a newly created fantasy sports administration and regulation fund run by the state are also being considered..
 
Representative Tom Dermody, who chairs the committee, assured members that amendments will be made as requested before the measure is progressed to the floor of the House for a vote.
 
There are a 50,000 to 150,000 daily fantasy sports players in Indiana, according to recent estimates by the Fantasy Sports Trade Association, and many more who play the traditional season-long fantasy sports vertical.
 
SB339 author, Sen. Jon Ford has urged lawmakers to ensure the bill is progressed. "If we put this off, we'll still have quite a few Hoosiers playing this without consumer protections," he said.
 
Not all lawmakers are sure that DFS is a good thing. Rep. Terri Austin expressed concern at the hearing about the impact of DFS on the operations of Indiana's racinos.
 
"I represent a horse racetrack, and I'm very protective of it," she said to DFS lobbyists. "I would like to make sure you can't come in, and, by Internet gaming, basically undercut what's going on in my community."
 
Indiana is the home of the NCAA and was the first state to pass a bill specifically prohibiting DFS operators from using college sports.
 
SB 339 would allow Indiana's racinos and off-track betting operations to create their own fantasy sports games or contract with an existing company. State revenue would come from licensing fees, which the Legislative Services Agency estimates would be $175,000 to $335,000 annually.

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Gambling News :

South Africa Going After Illegal Gambling - In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.

The Winning Express arbitrage sports betting scheme - A UK-based GBP 27 million arbitrage sports betting scheme, The Winning Express, has collapsed, leaving a thousand investors with concerns that their money is lost, according to a BBC report over the weekend.

Global Poker League Championship Results - #gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.

Yahoo DFS Gets Uk License - #yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.

SPANISH GAMBLING MARKET CONTINUES TO GROW - Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.

Novomatic Acquires Albanian National Lottery - #Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.

2016 Massachusetts Gaming Commission Report - Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.

Jack Lam denies bribe allegations - Allegations by Philippines Justice Secretary Vitaliano Aguirre that casino tycoon Jack Lam used 'facilitator' Wally Sombero in an attempt to bribe him into protecting Lam interests have been hotly denied by Lam.

Fonbet Gets Russian Betting License - #Fonbet Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.

New Attempts to Restore the Wire act - In the first of these initiatives, which Online Poker Report notes is supported by only eight state AGs (half those who signed a similar letter last year), the signatories seek support for RAWA at a Congressional hearing scheduled for December 9.

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