The latest news is considered as “a smart regulation” by popular DFS operator, FanDuel.
US.- Missouri and Colorado states announced last Friday, the final approval of daily fantasy sports legislation. Both states will regularise, authorise and grant licenses for the gaming sector during the next months. The list of states where daily fantasy sports are legal includes only Indiana, Mississippi, Tennessee and Virginia; although it is expected to grow in the following years.
“When a new frontier of online betting is available at the touch of a screen, we have a responsibility to protect consumers and young people. I appreciate the General Assembly for answering my call to bring forward common-sense consumer protection to make sure fantasy sports gaming in Missouri is operated responsibly and with accountability,” commented Missouri Governor Jay Nixon.
As the regulation states, Missouri’s activities will begin in August. Operators will have to pay an annual licensing fee of US$10,000 or 10 percent of revenue and a tax of 11.5 percent of net revenues derived from Missouri customers. Daily fantasy sports’ incomes will be designated to educational programs.
As to Colorado, Governor John Hickenlooper has not published the conditions for the sector yet. But the Department of Regulatory Agencies (DPO) will be responsible for the control of the gaming market. However, Colorado released that only operators with more than 7,500 users are required to apply for a license; those below that threshold must simply register with the DPO.