Bill Text: CT SB00192 | 2016 | General Assembly | Comm Sub
Bill Title: An Act Concerning Daily Fantasy Sports.
Spectrum: Committee Bill
Status: (Introduced - Dead) 2016-03-15 - Favorable Change of Reference, House to Committee on Finance, Revenue and Bonding [SB00192 Detail]
Download: Connecticut-2016-SB00192-Comm_Sub.html
General Assembly |
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February Session, 2016 |
*_____SB00192GL_FIN031116____* |
AN ACT CONCERNING DAILY FANTASY SPORTS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective from passage) (a) For the purposes of this section:
(1) "Daily fantasy sports contest" means a contest in which the offer or award of a prize is connected to the statistical performance or finishing position of one or more individual competitors in an underlying amateur or professional sports competition, but does not include the offer or award of a prize to a winner of or competitor in the underlying competition itself; and
(2) "Contest of chance" means a contest in which the outcome of such contest depends in a material degree upon an element of chance.
(b) The Commissioner of Consumer Protection shall adopt regulations, in accordance with the provisions of chapter 54 of the general statutes, to protect contest participants who play daily fantasy sports contests for prizes from unfair or deceptive acts or practices that may arise in such contest. Such regulations shall include, but need not be limited to: (1) A provision that daily fantasy sports contests are not contests of chance; (2) a prohibition of daily fantasy sports operators allowing persons under the age of eighteen from playing any daily fantasy sports contest held or promoted by such operators; (3) protections of contest participants' funds on deposit with daily fantasy sports operators; (4) requirements regarding truthful advertising by daily fantasy sports operators; (5) procedures to ensure the integrity of all daily fantasy sports contests offered in this state; (6) protections for problem gamblers; (7) a registration requirement for daily fantasy sports operators; (8) an initial fifty-thousand-dollar registration fee for such operators; and (9) an annual registration renewal fee not to exceed ten thousand dollars for each such operator.
(c) A violation of the regulations adopted pursuant to subsection (b) of this section shall be an unfair or deceptive act or practice in the conduct of trade or commerce under subsection (a) of section 42-110b of the general statutes.
Sec. 2. Subdivision (2) of section 53-278a of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):
(2) "Gambling" means risking any money, credit, deposit or other thing of value for gain contingent in whole or in part upon lot, chance or the operation of a gambling device, including the playing of a casino gambling game such as blackjack, poker, craps, roulette or a slot machine, but does not include: Legal contests of skill, speed, strength or endurance in which awards are made only to entrants or the owners of entries; legal business transactions which are valid under the law of contracts; activity legal under the provisions of sections 7-169 to 7-186, inclusive; any lottery or contest conducted by or under the authority of any state of the United States, Commonwealth of Puerto Rico or any possession or territory of the United States; [and] other acts or transactions expressly authorized by law on or after October 1, 1973, and daily fantasy sports contests, as defined in section 1 of this act;
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
from passage |
New section |
Sec. 2 |
from passage |
53-278a(2) |
GL |
Joint Favorable Subst. C/R |
FIN |