This bill updates the definition of "fantasy contest" to mean a contest in which 6 or more contestants pay an entry fee to participate and adds a definition of "proposition bet." It also updates the initial and renewal fee for a license for a fantasy contest operator to $5,000 and repeals the law allowing a fantasy contest operator to operate a fantasy contest while an initial license, license renewal or license transfer is pending. The bill also prohibits fantasy contests based on proposition betting.

Statutes affected:
Bill Text LD 33, SP 51: 8.1101, 8.1103, 8.1105