§1105. Operation of fantasy contests; allocation of funds
1.
Operation of fantasy contests.
A fantasy contest operator licensed under this chapter shall:
A.
Disclose the number of entries that a fantasy contestant may submit to each fantasy contest and provide reasonable steps to prevent fantasy contestants from submitting more than the allowable number;
[PL 2017, c. 303, §2 (NEW).]
B.
Prohibit fantasy contestants from submitting more than one entry in any fantasy contest involving 12 entries or fewer;
[PL 2017, c. 303, §2 (NEW).]
C.
Prohibit fantasy contestants from submitting more than 2 entries in any fantasy contest involving more than 12 entries but fewer than 36 entries;
[PL 2017, c. 303, §2 (NEW).]
D.
Prohibit fantasy contestants from submitting more than 3 entries in any fantasy contest involving 36 or more entries but fewer than 101 entries;
[PL 2017, c. 303, §2 (NEW).]
E.
Prohibit, unless otherwise provided by this chapter, fantasy contestants from submitting more than 3% of all entries in any fantasy contest involving more than 100 entries;
[PL 2017, c. 303, §2 (NEW).]
F.
Permit unlimited entries in no more than 3% of all fantasy contests; the entry fee for such contests must be a minimum of $150; and
[PL 2017, c. 303, §2 (NEW).]
G.
Inform fantasy contestants of state and federal tax obligations on certain winnings.
[PL 2017, c. 303, §2 (NEW).]
[PL 2017, c. 303, §2 (NEW).]
2.
Allocation of funds.
The director shall collect for deposit to the General Fund 10% of gross fantasy contest revenues, including any revenues earned while operating pending approval of an application submitted to the director as described in section 1103, subsection 9.
[PL 2025, c. 95, §2 (AMD).]
SECTION HISTORY
PL 2017, c. 303, §2 (NEW). PL 2025, c. 95, §2 (AMD).