Weekly News Roundup 4-21-17
Alabama Passes Daily Fantasy Sports Bill in House
Dustin Gouker from LSR reports that Alabama has passed a daily fantasy sports bill in the State House. Currently, no DFS sites are operating in the state after the attorney general told FanDuel and DraftKings to discontinue operations in 2016.
There was also quite the discussion between lawmakers in the House, as one openly discussed betting on Alabama football games. The bill calls for a 6 percent tax on fantasy sports operators and initial registration fee to operate in the state of $85,000 if the site has more than 5,000 active accounts. If they have less than 5,000 accounts, the fee will be $10,000.
The legislation, HB354, has a high chance of passage.
Armenia Requires Bookmakers to Report Wagers Over 2k
CalvinAyre.com reports that Armenia has approved plans that will create a registry of gamblers who bet more than $2,000 on a sports wager. The law aims to crack down on money laundering, but in many cases with these statutes, the government may have ulterior motives.