Bill Text: IA SSB1068 | 2015-2016 | 86th General Assembly | Introduced


Bill Title: A study bill for an act relating to fantasy sports contests.

Spectrum: Unknown

Status: (Introduced - Dead) 2015-02-04 - Voted - State Government. [SSB1068 Detail]

Download: Iowa-2015-SSB1068-Introduced.html
Senate Study Bill 1068 - Introduced SENATE FILE _____ BY (PROPOSED COMMITTEE ON STATE GOVERNMENT BILL BY CHAIRPERSON DANIELSON) A BILL FOR An Act relating to fantasy sports contests. 1 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 2 TLSB 1188XC (4) 86 ec/nh
S.F. _____ Section 1. Section 99B.11, subsection 2, Code 2015, is 1 amended by adding the following new paragraph: 2 NEW PARAGRAPH . f. A fantasy or simulation sports contest 3 in which all prizes and awards offered to winning participants 4 are established and made known to the participants in advance 5 of the contest and the value of the prizes or awards is not 6 determined by the number of participants or the amount of 7 any fees paid by the participants. All winning outcomes in 8 such contest shall reflect the relative knowledge and skill 9 of the participants and shall be determined predominantly 10 by accumulated statistical results of the performance of 11 individuals, including athletes in the case of sports events, 12 in multiple actual sporting or other events, and no winning 13 outcome shall be based on the score, point spread, or any 14 performance or performances of any single actual team or 15 combination of such teams or solely on any single performance 16 of an individual athlete in any single actual sporting or other 17 event. 18 EXPLANATION 19 The inclusion of this explanation does not constitute agreement with 20 the explanation’s substance by the members of the general assembly. 21 This bill authorizes the paying of awards and prizes to 22 participants in fantasy sports contest. 23 Code section 99B.11, concerning bona fide contests, is 24 amended to provide that a fantasy or simulation sports contest 25 is a bona fide contest, allowing the payment of awards to 26 persons winning the contest, if certain conditions are met. 27 The bill provides that a fantasy sports contest is a bona 28 fide contest if all prizes and awards offered to winning 29 participants are established and made known in advance of the 30 contest, all winning outcomes reflect the relative knowledge 31 and skill of the participants and are determined predominantly 32 by accumulated statistical results of the performance of 33 individuals in multiple actual sporting events, and no winning 34 outcome is based on the score, or performance of any single 35 -1- LSB 1188XC (4) 86 ec/nh 1/ 2
S.F. _____ actual team or combination of such teams or solely on any 1 single performance of an individual athlete in any single 2 actual sporting or other event. 3 -2- LSB 1188XC (4) 86 ec/nh 2/ 2
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