New regulations for large-scale fantasy sports betting could be on the way to Florida, as legislation setting up parameters for companies offering the games to operate passed through a House panel.
The bill (PCB COM 24-01) would regulate fantasy sports operations with prize payouts of more than $1,500 per season or more than $10,000 per year. It would ban platforms from offering direct bets on sporting events in addition to the competitive fantasy games. Ads for casinos, with “depictions of slot machine-style symbols, cards, dice, craps, roulette or lotto” would also be banned.
Players would be required to be told of prize award amounts before the contest begins, and award amounts couldn’t be based on the number of participants or the size of the entry fee.
