S.B. No. 2752 establishes a new regulatory framework for fantasy contests in Texas by adding Chapter 2053 to the Occupations Code. The bill defines key terms related to fantasy contests and clarifies that these contests do not fall under the category of gambling. It requires operators to obtain a license from the Texas Lottery Commission, which will oversee compliance and protect participants. The application process for obtaining a license includes submitting personal and business information, criminal history, and fingerprints for background checks. The commission is also authorized to set rules, fees, and taxes related to fantasy contests.

The bill introduces specific regulations for fantasy contest operators, including background check requirements and a fee structure based on adjusted gross fantasy contest receipts, with a minimum fee of $5,000 for new operators. It outlines the licensing process, including the commission's responsibilities for conducting background investigations and the criteria for license denial. Additionally, the bill emphasizes responsible gaming practices, mandates the maintenance of a self-exclusion list, and establishes penalties for violations not exceeding $5,000. It also amends existing laws to expand the Texas Lottery Commission's authority regarding criminal history checks and sets a timeline for implementing the new regulations, with the bill taking effect on September 1, 2025.

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