Fan Duel

Hoosiers bet about $48 million on sports online last month, the first time such wagers were legally possible in Indiana.

Noah Coffey / https://www.flickr.com/photos/noahwesley/

Daily fantasy sports companies have until August to declare they want to keep doing business in Indiana.

In March, Indiana became the second state to formally affirm daily fantasy games are legal -- four states have followed since.

Indiana's law sets a $50,000 registration fee for the operators. The Indiana Gaming Commission wants a letter of intent by August 1 from companies who plan to run games, with a full application due by November.

Harrison Wagner / Indiana Public Broadcasting

A Senate panel Wednesday unanimously approved legislation legalizing and regulating daily fantasy sports, such as the websites Fan Duel and DraftKings. 

The proposed bill would impose some insider information protections, barring daily fantasy employees and their families from playing. 

It also bars professional athletes and officials from playing. 

The measure says game operators must ensure their players are at least 18 years of age and must charge an entry fee to play. 

Cavalier92 / https://www.flickr.com/photos/cavalier92/2825481566

The two leading fantasy football companies are backing an Indiana proposal to regulate the industry.

Representatives of DraftKings and FanDuel told a House committee this week a bill setting standards for daily fantasy sports would ensure players of an honest game -- and prevent legal battles like the one in New York, whose attorney general is trying to shut down the sites as illegal gambling.

DraftKings representative Derek Hein says the company welcomes state regulation setting standards for fantasy sports operators.

Cavalier92 / https://www.flickr.com/photos/cavalier92/2824647761

Fantasy football is alive and well in Indiana, but legislators may seek legal protections for players.

New York's attorney general has asked a judge to declare fantasy league sites like Draft Kings and Fan Duel illegal gambling.

Rep. Alan Morrison (R-Terre Haute) says he's not looking to ban the leagues -- he says they're games of skill.

“It’s not been viewed as gambling, I think, throughout the country up to this point and I think that it’s fair to look at it as a game of skill and that’s how we’re going to move forward with it,” Morrison says.

Harrison Wagner / Indiana Public Broadcasting

If you’ve watched any sports lately, or listened to any music online, you’ve likely heard ads for fantasy sports websites Draft Kings and Fan Duel.

There’s a debate raging over whether the sites, which allow wagering on each day’s games for several sports leagues, are legal.

The New York Attorney General’s offices has banned the companies from accepting bets in that state because he argues the activity constitutes illegal gambling.