+1 New Regulatory Structure for Fantasy Sports. Read the Bill.

State: North Carolina

The 2017 Bill: HB279

The regulatory structure for new fantasy sports regulations:

• Oversight: Secretary of State’s Office
• Excluded from the definition of gaming or gambling
• Defined as contests ““be determined by accumulated statistical results of the performance of individuals.””
• player age limit: 18+
• operators would be required to pay a registration fee equal to 10 percent of their contest revenues from the previous year
  • minimum: $2,500
  • registration fee cap: $10,000