Daily fantasy sports operators can now check two more states—Missouri and Colorado—off their regulated to-do list.
Last week, Missouri Gov. Jay Nixon signed a measure allowing DFS games to continue in the state, albeit under strict regulations.
The Missouri Fantasy Sports Consumer Protection Act authorizes the state Gaming Commission to oversee local daily fantasy sports operations. Under the newly-signed act, which takes effect in August, will require operators such as DraftKings and FanDuel to pay an annual licensing fee of $10,000 or 10 percent of their revenue, whichever is lower, as well as an annual operation fee of 11.5 percent of their net revenues from participants in the state, according to state media outlet KFVS12.com. Proceeds from DFS fees will go towards the state’s education funds.
The act also requires the creation of a regulatory framework and consumer protection measures for any fantasy sports contests offered in the state, including banning employees of fantasy sports companies from playing in contests offered to the public. The act also restricts the age of daily fantasy players to at least 18 years old and prohibits contests based on college, high school and youth sports.