Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 3980 creates a regulatory framework for online fantasy sports contests in Texas, requiring operators to obtain a license from the Texas Lottery Commission. The bill establishes taxes on fantasy contest revenues and sets rules for contest fairness, age verification, and anti-fraud measures. It specifically declares that fantasy sports do not constitute gambling under Texas law, ensuring their legality. The bill also includes penalties for violations and mandates compliance with state financial reporting requirements​.
Author
Jared Patterson