HB1329: State government; regulation and taxation of fantasy contests; authorize and provide

Legislative Summary

A BILL to be entitled an Act to amend Title 50 of the Official Code of Georgia Annotated, relating to state government, so as to authorize and provide for the regulation and taxation of fantasy contests in this state; to provide for additional powers and duties of the Georgia Lottery Corporation; to amend Part 1 of Article 2 of Chapter 12 of Title 16 of the Official Code of Georgia Annotated, relating to gambling, so as to exclude any consideration paid to a fantasy contest operator licensee from the definition of "bet"; to amend Title 48 of the Official Code of Georgia Annotated, relating to revenue and taxation, so as to exempt entry fees for fantasy contests; to provide for related matters; to provide for effective dates; to repeal conflicting laws; and for other purposes.