An Act To Amend The Laws Governing Fantasy Contests

This bill updates Maine's regulations for fantasy contests by requiring operators to obtain a license with a $5,000 fee for those generating over $100,000 in annual revenue (no fee for smaller operators). It prohibits contests based on "proposition bets" - wagers on specific in-game events like a player scoring a certain number of points - and defines this term for clarity. Operators with over $100,000 in revenue must also pay 10% of their gross revenue to the state's General Fund. The bill repeals the prior rule allowing operators to run contests while waiting for license approval.