Bill Text: FL S0374 | 2018 | Regular Session | Comm Sub

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Bill Title: Fantasy Contests

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2018-03-10 - Died on Calendar [S0374 Detail]

Download: Florida-2018-S0374-Comm_Sub.html

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       Florida Senate - 2018                              CS for SB 374
       
       
        
       By the Committee on Regulated Industries; and Senator Young
       
       
       
       
       
       580-01832-18                                           2018374c1
    1                        A bill to be entitled                      
    2         An act relating to fantasy contests; creating s.
    3         546.13, F.S.; defining terms; exempting a fantasy
    4         contest from certain regulations; providing an
    5         effective date.
    6          
    7  Be It Enacted by the Legislature of the State of Florida:
    8  
    9         Section 1. Section 546.13, Florida Statutes, is created to
   10  read:
   11         546.13 Fantasy contests and fantasy contest operators.—
   12         (1) DEFINITIONS.—As used in this section, the term:
   13         (a) “Entry fee” means cash or a cash equivalent that is
   14  required to be paid by a participant in order to participate in
   15  a fantasy contest.
   16         (b) “Fantasy contest” means a fantasy or simulated game or
   17  contest in which:
   18         1. The value of all prizes and awards offered to winning
   19  participants is established and made known to the participants
   20  in advance of the contest;
   21         2. All winning outcomes reflect the relative knowledge and
   22  skill of the participants and are determined predominantly by
   23  accumulated statistical results of the performance of
   24  individuals, including athletes in the case of sporting events;
   25         3. No winning outcome is based on the score, point spread,
   26  or any performance or performances of any single actual team or
   27  combination of such teams, solely on any single performance of
   28  an individual athlete or player in any single actual event, or
   29  on the performances of participants in collegiate, high school,
   30  or youth sporting events.
   31         (c) “Fantasy contest operator” means a person or an entity,
   32  including any employee or agent, that offers or conducts a
   33  fantasy contest with an entry fee for a cash prize or award and
   34  that is not a participant in the fantasy contest.
   35         (2) EXEMPTIONS.—The Department of Business and Professional
   36  Regulation may not regulate and the offenses established in s.
   37  849.01, s. 849.08, s. 849.09, s. 849.11, s. 849.14, and s.
   38  849.25 do not include or apply to a fantasy contest operated or
   39  conducted by a:
   40         (a) Fantasy contest operator.
   41         (b) Natural person who is a participant in the fantasy
   42  contest, serves as the commissioner of not more than 10 fantasy
   43  contests in a calendar year, and distributes all entry fees for
   44  the fantasy contest as prizes or awards to the participants in
   45  that fantasy contest.
   46         Section 2. This act shall take effect October 1, 2018.