Latest Sports Scores

Scoreboard

  • ALL
  • MLB
  • MLB
  • Live
    Tex1
    NYY0
  • 6/24 2:10 PM EDT
    Oak
    CWS
  • 6/24 2:15 PM EDT
    Tor
    KC
  • 6/24 4:05 PM EDT
    Cin
    Was
  • 6/24 4:10 PM EDT
    Min
    Cle
  • 6/24 4:10 PM EDT
    Mil
    Atl
  • 6/24 4:10 PM EDT
    ChC
    Mia
  • 6/24 4:10 PM EDT
    Bal
    TB
  • 6/24 7:15 PM EDT
    LAA
    Bos
  • 6/24 7:15 PM EDT
    Pit
    StL
  • 6/24 7:15 PM EDT
    NYM
    SF
  • 6/24 10:10 PM EDT
    Hou
    Sea
  • 6/24 10:10 PM EDT
    Col
    LAD
  • 6/24 10:10 PM EDT
    Det
    SD
  • 6/24 10:10 PM EDT
    Phi
    Ari

Virginia just became the first state to set an age minimum to play fantasy sports

Virginia Passes Law Regulating Fantasy Sports

(Reuters) - Virginia Governor Terry McAuliffe has signed a bill that makes the state the first in the United States to regulate fantasy sports, a multibillion-dollar online business whose legality has been challenged across the country.

The measure signed by McAuliffe, a Democrat, mandates that players be 18 or older, offers players limits on how much they can bet, requires annual audits and bars employees from competing in company contests. It takes effect on July 1.

"This bill, which was passed by super majorities of both chambers, will empower Virginia to regulate this emerging industry and keep consumers safe from abuses," Brian Coy, a McAuliffe spokesman, said in a statement. The governor signed the bill on Monday.

The growing fantasy sports industry dominated by DraftKings and FanDuel has drawn increased attention from state regulators over the past year, with the attorneys general of New York, Illinois and Nevada questioning their legality. The games are illegal in several states.

The companies charge customers to take part in mostly single-day games in which they draft a roster of players whose performance on the field earns points.

In statements on a sports gaming website, spokesmen for DraftKings and FanDuel welcomed the Virginia measure.

Texas reached a deal with FanDuel last week in which the company will halt paid operations in the state on May 2.

Follow AOL Sports on Facebook, Instagram and Twitter

Read Full Story

Sign up for Breaking News by AOL to get the latest breaking news alerts and updates delivered straight to your inbox.

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.