Indiana became the second one state with a law formally legalizing daily fantasy sports after Gov. Mike Pence signed Senate Bill 339 on Thursday. Earlier this month, Virginia became the primary state to pass this sort of law.

States have taken vastly different approaches as they are attempting to elucidate the murky legality of the games. New York’s attorney general has declared them illegal and the industry’s two largest companies, DraftKings and FanDuel, agreed this week to prevent taking bets within the state. In Maryland, a bill would put the question to voters in a November referendum.

The Indiana law sets a minimum age of 18 for players. It prohibits the usage of college and highschool sports ends up in a regular fantasy sports contest. The Indy-based NCAA supported an amendment limiting daily fantasy sports games to professional sports. The national group of highschool sports associations also has its headquarters in Indianapolis.

The Indiana law also prohibits the usage of horse race results, a nod to race tracks in Anderson and Shelbyville. Those “racinos,” however, might be allowed to conduct their very own daily fantasy sports games, as will the state’s off-track betting locations.

The industry may be regulated by a newly created Paid Fantasy Sports Division of the Indiana Gaming Commission. Companies should pay an initial registration fee of $50,000, an amount industry critics of the bill said favors DraftKings and FanDuel by setting the barrier to entry too high for upstart companies.

More at IndyStar

Similar Stories from This Week in Gambling:

Read More... [Source: Gambling Headlines – This Week in Gambling]