Montana SB551 revises gambling laws to allow fantasy sports contests, defining terms and setting regulations.
Montana SB551 revises gambling laws to allow fantasy sports contests. It defines terms like "internet fantasy sports contest" and "internet fantasy sports contest player." The bill sets requirements for applicants, including age restrictions and background checks. It outlines licensing procedures, fees, and taxes for internet fantasy sports contest service providers. The bill also details recordkeeping, reporting, and audit requirements, and it establishes penalties for violations. The Department of Justice is tasked with regulating these contests and ensuring compliance with the law.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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