AN ACT relating to gaming.

Amend KRS 230.210 to define various terms; create new sections of KRS Chapter 230 to authorize the Kentucky Horse Racing and Gaming Corporation to regulate the conduct of fantasy contest operators; require the use of geolocation technology; require fantasy contest operators to implement procedures to prevent fraud, abuse, and money laundering; require notification to the corporation for a confirmed breach of a sport's governing body's internal rules and codes of conduct, conduct that corrupts any outcome, and confirmed illegal activities; establish licensing requirements for a fantasy contest operator; allow the corporation to promulgate administrative regulations to establish additional qualifications and requirements for licensing to preserve the integrity and security of fantasy contests; prohibit a license from being issued to a person that has been convicted of a felony, crime involving illegal gaming or gambling, or any crime involving theft or fraud; require a fantasy contest operator to conduct an independent audit; require a fantasy contest operator to be at least 21 years old; require the corporation to investigate all reasonable allegations of prohibited conduct; require each fantasy contest operator to include a statement regarding obtaining assistance with real-money gaming problems on the operator's website or mobile application; prohibit a fantasy contest operator from paying any price or award to a person who is on the self-exclusion list; create a new section of KRS Chapter 230 to establish the purse stabilization fund from fixed-odds wagers on horse racing taxes and fees; amend KRS 138.552 to define "fixed-odds wagering"; impose a 15% excise tax on the adjusted gross revenue of fixed-odds wagers on live horse racing; amend various sections of KRS Chapter 230 to establish the corporation's jurisdiction over fantasy contests and fixed-odds wagering; establish the Attorney General's concurrent jurisdiction with the Commonwealth's attorneys and county