Thursday, October 4, 2012

New Law Allows Marylanders to Win Prizes for Fantasy Sports ...

If you've ever watched an NFL game and disproportionately reacted in disgust because a back-up running back scores a touchdown, you might be a fantasy football player.?

If you cheer for your home team but pray that "this guy, this guy and this guy"?don't?score touchdowns for your own team, you might be a fantasy football player.?

If you think about the term PPR more than your own bank statement, you too might be a fantasy football player.?

But, until recently, if you were a fantasy football player who received a cash reward for winning your league, you were breaking the law. Thankfully, due to new legislation, fantasy sports lovers no longer need to worry.?

A?law passed by the General Assembly in April went into effect on Monday officially making it legal to bet on fantasy sports.

The bill excludes fantasy "competitions" from state laws against betting, wagering and gambling, so fantasy players can manage their imaginary teams based on game statistics without worry.

But there are certain stipulations:

  • All prizes offered must be known to participants in advance of the contest.
  • The winning outcome is the result of the skill of participants and is determined by statistics generated by individuals in a sport.

The state delegate who sponsored the bill, John A. Olszewski (D-Dundalk), told the Washington Post in the spring that fantasy players in Maryland were "ensnared" by a 2006 opinion defining gambling as requiring decisions, the element of chance and a prize. An opinion, which previously excluded Marylanders from being able to win prizes as small as T-shirts in major leagues sponsored by organizers such as CBS and ESPN, according to the Post.

Well, now that it's legal to accept the prize, it's time to win that league.

Source: http://edgewater.patch.com/articles/new-law-allows-marylanders-to-win-prizes-for-fantasy-sports-99b3c210

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