New Jersey Senator Jim Whelan has introduced legislation to regulate daily fantasy sports (DFS) in the state.
The bill differs from bills introduced in other states, which have tended to simply set consumer protection standards and propose nominal fines for individuals and companies that breach the regulations.
It would set a tax rate of 9.25 per cent of gross revenue on DFS games, equivalent to the rate paid by land-based casinos, and sets fines of $200,000 for violations [...]
