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Missouri lawmakers weigh daily fantasy sports rules, taxes

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Missouri lawmakers weigh daily fantasy sports rules, taxes

JEFFERSON CITY, Mo. (AP) — Lawmakers are advancing legislation to make Missouri one of the first states to adopt policies allowing for daily fantasy sports. The National Conference of State Legislatures says neighboring Kansas is one of three states to legalize daily fantasy sports through statute. A bill passed by the Missouri House last week […]

Missouri lawmakers weigh daily fantasy sports rules, taxes

JEFFERSON CITY, Mo. (AP) — Lawmakers are advancing legislation to make Missouri one of the first states to adopt policies allowing for daily fantasy sports.

The National Conference of State Legislatures says neighboring Kansas is one of three states to legalize daily fantasy sports through statute.

A bill passed by the Missouri House last week would require daily fantasy sports sites to pay a $5,000 annual fee, ban workers with insider knowledge from playing, and limit the games to those 18 and older.

The measure would exempt the operations from gambling laws, which opponents say is unfair.

At issue is whether daily fantasy sports are based on skill or luck.

A bill that would impose taxes and more stringent restrictions on daily fantasy sports is awaiting debate in the Senate.

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