Bill Text: IA HF281 | 2015-2016 | 86th General Assembly | Introduced

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Bill Title: A bill for an act relating to fantasy sports contests. (Formerly HSB 47)

Sponsorship: Committee Bill

Status: (Introduced - Dead) 2015-04-09 - Referred to State Government. H.J. 814. [HF281 Detail]

Download: Iowa-2015-HF281-Introduced.html

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House File 281 - Introduced




                                 HOUSE FILE       
                                 BY  COMMITTEE ON STATE
                                     GOVERNMENT

                                 (SUCCESSOR TO HSB 47)

                                 (COMPANION TO sf 166
                                     by committee on state
                                     government)

                                      A BILL FOR

  1 An Act relating to fantasy sports contests.
  2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
    TLSB 1188HV (2) 86
    ec/nh

PAG LIN



  1  1    Section 1.  Section 99B.11, subsection 2, Code 2015, is
  1  2 amended by adding the following new paragraph:
  1  3    NEW PARAGRAPH.  f.  A fantasy or simulation sports contest
  1  4 in which all prizes and awards offered to winning participants
  1  5 are established and made known to the participants in advance
  1  6 of the contest and the value of the prizes or awards is not
  1  7 determined by the number of participants or the amount of
  1  8 any fees paid by the participants. All winning outcomes in
  1  9 such contest shall reflect the relative knowledge and skill
  1 10 of the participants and shall be determined predominantly
  1 11 by accumulated statistical results of the performance of
  1 12 individuals, including athletes in the case of sports events,
  1 13 in multiple actual sporting or other events, and no winning
  1 14 outcome shall be based on the score, point spread, or any
  1 15 performance or performances of any single actual team or
  1 16 combination of such teams or solely on any single performance
  1 17 of an individual athlete in any single actual sporting or other
  1 18 event.
  1 19                           EXPLANATION
  1 20 The inclusion of this explanation does not constitute agreement with
  1 21 the explanation's substance by the members of the general assembly.
  1 22    This bill authorizes the paying of awards and prizes to
  1 23 participants in fantasy sports contest.
  1 24    Code section 99B.11, concerning bona fide contests, is
  1 25 amended to provide that a fantasy or simulation sports contest
  1 26 is a bona fide contest, allowing the payment of awards to
  1 27 persons winning the contest, if certain conditions are met.
  1 28 The bill provides that a fantasy sports contest is a bona
  1 29 fide contest if all prizes and awards offered to winning
  1 30 participants are established and made known in advance of the
  1 31 contest, all winning outcomes reflect the relative knowledge
  1 32 and skill of the participants and are determined predominantly
  1 33 by accumulated statistical results of the performance of
  1 34 individuals in multiple actual sporting events, and no winning
  1 35 outcome is based on the score, or performance of any single
  2  1 actual team or combination of such teams or solely on any
  2  2 single performance of an individual athlete in any single
  2  3 actual sporting or other event.
       LSB 1188HV (2) 86
       ec/nh