Mississippi was actually one of those eight states, but last year’s law was a temporary provision that expired this year.
Bryant’s signature on Monday came after the state legislature approved the bill at the start of the month. The legislation made it easily through the state House and Senate this year.
The new law follows the effort in 2016 in which the state legalized DFS in the wake of the attorney general saying DFS was illegal gambling. That law, however, had a sunset provision that would have taken the law off the books in July.
Almost all major operators served the state under the 2016 law. Most of them are likely to stay in the state under the new law, which includes a licensing fee that costs $5,000 over three years and a tax of eight percent of revenue generated in the state.
Mississippi was one of a number of states that passed legislation that explicitly legalized and regulated DFS in recent years. The others:
Mississippi’s new law is certainly a win for the DFS industry. The alternative — going back to a state law where legal clarity is murky at best — would be less than optimal.
But still, the focus of the industry is passing laws in states where laws are not on the books regarding fantasy sports. The biggest of those is Texas, where a legislative battle is poised to take place this year.
Image: Gov. Phil Bryant