Last Action | 03/19/18: recommitted to Licensing, Occupations, & Admin Regs (H) |
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Title | AN ACT relating to fantasy contests and making an appropriation therefor. |
Bill Documents | Introduced |
Bill Request Number | 1022 |
Sponsors | A. Koenig, C. McCoy, K. Moser, J. Nemes, S. Santoro, A. Simpson, J. Sims Jr, D. St. Onge |
Summary of Original Version | Establish KRS Chapter 239 and create new sections thereof to establish definitions; require fantasy contest operators to be registered with the cabinet before operating fantasy contests; establish registration requirements; create the fantasy contest administration fund; prescribe the conditions upon which the cabinet may grant registration to a fantasy contest operator; require registrants to implement reasonable procedures for the conduct of fantasy contests that require an entry fee; require registrants to annually submit their records to a cabinet-approved certified public accountant to perform an audit; direct registrants to keep daily records of its operations; direct the cabinet to promulgate administrative regulations that govern the operation of fantasy contests, with exceptions. |
Index Headings of Original Version |
Appropriations - Fantasy Contest Fund, establishing Licensing - Fantasy contest operators, registration requirements for Public Protection - Fantasy contests, administrative regulations governing |
Jump to Proposed Amendments |
House Committee Substitute 1 House Floor Amendment 1 House Floor Amendment 2 |
01/25/18 |
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01/29/18 |
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02/02/18 |
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02/21/18 |
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02/22/18 |
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02/28/18 |
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03/19/18 |
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Amendment | House Committee Substitute 1 |
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Summary | Retain original provisions except change the audit requirement to an examination requirement. |
Index Headings |
Licensing - Fantasy contest operators, requirements for Public Protection - Fantasy contest operators, requirements for |
Amendment | House Floor Amendment 1 |
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Sponsor | A. Koenig |
Summary | Retain original provisions; amend definition of "adjusted gross revenue" to clarify that the revenue amount is to be multiplied by the location percentage, not the resident location. |
Index Headings |
Appropriations - Fantasy Contest Fund, establishing Licensing - Fantasy contest operators, registration requirements for Public Protection - Fantasy contests, administrative regulations governing |
Amendment | House Floor Amendment 2 |
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Sponsor | A. Koenig |
Summary | Retain original provisions; amend definition of "adjusted gross revenue" to clarify that the revenue amount is to be multiplied by the location percentage, not the resident location. |
Index Headings |
Appropriations - Fantasy Contest Fund, establishing Licensing - Fantasy contest operators, registration requirements for Public Protection - Fantasy contests, administrative regulations governing |
Last updated: 9/1/2020 2:57 PM (EDT)
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