Fantasy Contests Act; created, registration required, conditions of registration, civil penalty

Bill

Status

House: Prefiled and ordered printed; offered 01/13/16 16103561D House: Referred to Committee on General Laws House: Assigned GL sub: Subcommittee #3 House: Subcommittee recommends reporting with amendment(s) (6-Y 0-N) House: Subcommittee recommends referring to Committee on Appropriations House: Reported from General Laws with substitute (17-Y 3-N) House: Committee substitute printed 16105159D-H1 House: Referred to Committee on Appropriations House: Referred from Appropriations by voice vote House: Referred to Committee on Finance House: Referred from Finance by voice vote House: Referred to Committee on General Laws House: Reported from General Laws (19-Y 3-N) House: Read first time House: Read second time House: Committee substitute agreed to 16105159D-H1 House: Engrossed by House - committee substitute HB775H1 House: Read third time and passed House (79-Y 19-N) House: VOTE: PASSAGE (79-Y 19-N) Senate: Constitutional reading dispensed Senate: Referred to Committee on Commerce and Labor Senate: Reported from Commerce and Labor with amendments (10-Y 4-N) Senate: Constitutional reading dispensed (40-Y 0-N) Senate: Read third time Senate: Reading of amendments waived Senate: Committee amendments agreed to Senate: Engrossed by Senate as amended Senate: Passed Senate with amendments (30-Y 8-N) House: Senate amendments agreed to by House (75-Y 19-N) House: VOTE: ADOPTION (75-Y 19-N) House: Enrolled House: Bill text as passed House and Senate (HB775ER) House: Signed by Speaker Senate: Signed by President House: Enrolled Bill communicated to Governor on 3/7/2016 Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016 Governor: Approved by Governor-Chapter 703 (effective 7/1/16) Governor: Acts of Assembly Chapter text (CHAP0703)

Date Updated

Wednesday, April 6, 2016

VPA Position

Description

Fantasy Contests Act; registration required; conditions of registration; civil penalty. Creates the Fantasy Contests Act (the Act), which applies to fantasy contests with an entry fee offered in Virginia. The bill defines "fantasy contest" as any online fantasy or simulated game or contest in which (i) the value of all prizes and awards offered to winning participants is established and made known to the participants in advance of the contest; (ii) all winning outcomes reflect the relative knowledge and skill of the participants and are determined predominantly by accumulated statistical results of the performance of individuals, including athletes in the case of sports events; and (iii) no winning outcome is based on the score, point spread, or any performance of any single actual team or combination of teams or solely on any single performance of an individual athlete or player in any single actual event. The bill requires operators of fantasy contests to register annually with the Department of Agriculture and Consumer Services. The bill sets forth the conditions for registration and penalties for violation of the Act. The bill provides that such contests are not illegal gambling.

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