- Joined
- Jan 14, 2008
- Messages
- 61,379
State Reps. Jonathan Dever, R-Cincinnati, and Robert McColley, R-Napoleon, introduced House Bill 132, which would declare the
fantasy Sports Betting legal and assign the Ohio Casino Control Commission the duty to regulate the industry.
It would prohibit players under age 18, bar betting on college or high school sports, require operators get state licenses,
identify how many entries a player can submit and mandate online security and privacy measures.
“It seems like they’re making the right steps,” said long-time fantasy sports fan Lucas Preston, of Huber Heights.
The proposals would provide some protections for participants, he said.
“At a high level, what we’re trying to drive at is that consumer protection piece,” said Dever. He noted that 1- to 2-million Ohioans participate each week.
Last year, Ohio Attorney General Mike DeWine issued an opinion that state law is unclear when it comes to fantasy sports.
According to the Fantasy Sports Trade Association, 57.4 million people ages 12 and up play both daily and season-long fantasy sports.
“Owners” assemble fantasy teams from the rosters of actual college or professional sports teams and follow how their team does over
an entire season or a shorter window, such as a week or individual game.
Fantasy sports websites operate contests in two ways: no fees and no prizes for the winners or entry fees and cash prizes for the winners.
FanDuel and DraftKings
the two biggest operators — retain a percentage of the fees, depending on what kind of contest it is.
Participants may also use smart phone apps or run a fantasy sports league from a laptop but online companies offer convenience and ease, Preston said.
Last year, the Ohio General Assembly considered two different approaches to regulating fantasy Sports Betting but neither one made it into law.
SOURCE
fantasy Sports Betting legal and assign the Ohio Casino Control Commission the duty to regulate the industry.
It would prohibit players under age 18, bar betting on college or high school sports, require operators get state licenses,
identify how many entries a player can submit and mandate online security and privacy measures.
“It seems like they’re making the right steps,” said long-time fantasy sports fan Lucas Preston, of Huber Heights.
The proposals would provide some protections for participants, he said.
“At a high level, what we’re trying to drive at is that consumer protection piece,” said Dever. He noted that 1- to 2-million Ohioans participate each week.
Last year, Ohio Attorney General Mike DeWine issued an opinion that state law is unclear when it comes to fantasy sports.
According to the Fantasy Sports Trade Association, 57.4 million people ages 12 and up play both daily and season-long fantasy sports.
“Owners” assemble fantasy teams from the rosters of actual college or professional sports teams and follow how their team does over
an entire season or a shorter window, such as a week or individual game.
Fantasy sports websites operate contests in two ways: no fees and no prizes for the winners or entry fees and cash prizes for the winners.
FanDuel and DraftKings
the two biggest operators — retain a percentage of the fees, depending on what kind of contest it is.
Participants may also use smart phone apps or run a fantasy sports league from a laptop but online companies offer convenience and ease, Preston said.
Last year, the Ohio General Assembly considered two different approaches to regulating fantasy Sports Betting but neither one made it into law.
SOURCE
