Senate Bill No. [insert bill number] seeks to modernize Montana's gambling laws by incorporating regulations for internet fantasy sports contests. The bill introduces new definitions such as "internet fantasy sports contest," "internet fantasy sports contest service provider," and "internet fantasy sports contest player." It establishes a licensing requirement for service providers through the Department of Justice, which will oversee the regulation of these contests. The bill outlines the application process, including background checks and fees, and mandates compliance with operational standards, such as age restrictions for players and prohibitions on certain individuals participating in contests. Additionally, a tax of 6.75% on adjusted revenues from these contests will be imposed, with funds directed to the general fund.

The bill also amends existing gambling laws to include online sports wagering and fantasy sports contests under the same regulatory framework as traditional gambling. Key insertions include the definition of "fantasy sports leagues" and the establishment of a "parimutuel facility" for their operation. The Department of Justice is granted expanded powers to administer and enforce regulations, including conducting background checks, managing licensing procedures, and ensuring compliance through record-keeping and audits. The bill clarifies that existing gambling regulations do not apply to online sports wagering, which will be governed by the newly inserted sections intended to be codified in Title 23, chapter 5. Overall, the bill aims to enhance oversight and compliance in Montana's gambling landscape, addressing emerging forms of betting.

Statutes affected:
LC Text: 23-4-101, 23-5-112, 23-5-113, 23-5-115, 23-7-102
SB0551_1(1): 23-4-101, 23-5-112, 23-5-113, 23-5-115, 23-7-102
SB0551_1: 23-4-101, 23-5-112, 23-5-113, 23-5-115, 23-7-102