Missouri lays down emergency rules as legalized DFS begins operation in September

Missouri is starting to unfurl the red carpet for daily fantasy sports (DFS) with a set of emergency rules on how it will work in the state.

St. Louis Post-Dispatch reported that the Missouri Gaming Commission have come up with a set of emergency rules with more than a month before DFS operators could resume their businesses in the state.

As a safety net, state regulators unanimously approved a betting ban on college, high school or youth sports. They also want a tax and fee structure designed to raise money for education.

The Missouri Gaming Commission also reminded DFS operators that they will pay an annual registration fee of $10,000 or 10 percent of entry fees to the state, as well as an annual administration fee of 11.5 percent of revenue.

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