Maine Legalise Daily Fantasy Sports
03 Aug 2017
According to information released by LSR, Maine has now become the 15th state to legalise Daily Fantasy Sports.
The Maine DFS project says that fantasy sports are not a game of chance and therefore are exempt from state gaming laws.
- Maine declares fantasy sports a game of skill and exempt from state gaming laws.
- Oversight of operators is given to the Gambling Control Unit within the Department of Public Safety. The director of that body is given wide-ranging powers, including the ability to promulgate rules.
- The licensing fee for operators with revenue in state of more than $100,000 is $2,500. That would only apply to DraftKings and FanDuel. Companies with revenue less than that are not subject to a license fee. Smaller operators may be subject to an application fee that is to be determined.
- The same $100,000 threshold applies for a tax of 10 percent on gross revenue in the state. Only DraftKings and FanDuel would have to pay this, as the industry is currently situated.
- A number of consumer protections are in the law that have also appeared in other states. The laws says that operators must prevent play by employees, establish responsible gaming protocols, and segregate player funds from operational funds, among other provisions. On the final point, an audit on the disposition of funds is only required for sites with gross revenue of more than $100,000 in the state.
- The law sets a minimum age of 18 for players.
- The law prohibits contests based on collegiate or other amateur events.