NC May Regulate Fantasy Football Operators

posted by Tank Spencer -

A bipartisan bill introduced in the state House takes aim at regulating fantasy sports contests. House Bill 279, introduced by Republican Representative Jason Saine of Lincolnton, would require fantasy sports operators to register with the Secretary of State's office and pay a 10% tax on revenue generated in the previous calendar year. The tax would apply only if that percentage equals $2,500 and the bill caps the tax at $10,000. Registrations would be valid for five years. Saine's legislation separates fantasy sports from other gambling; like betting on individual games, lotteries, or other gaming. Fantasy sports participation would also be limited to people 18 or older.

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