5 Elements of Mississippi's Fantasy Sports Bill.

8% tax
Administrative penalties against fantasy sports operators can be from $1000 to a total of $50,000
The agency with oversight: Mississippi Gaming Commission
Permits fantasy sports contests online or in casinos
Operators would have to undergo a background check
Operators must be licensed
Operators will be audited annually
operators must verify that people placing bets are at least 21.

Of procedural notes:

The bill failed and after procedural manuevering it passed the next day.
The bill follows recommendations for fantasy sports set by a study group after Mississippiu legalized fantasy sports in 2016.

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