Fantasy leagues are a way of life for many sports fans. The league champion isn’t awarded a trophy or handed a ring – the prize here is cash. But as our ryan smith reports – the law states all fantasy competitions in Iowa must remain friendly. For thousands of sports fans in Iowa – fantasy – is reality. 11.23 “I’VE GOT MATT FORTE AS A RUNNING BACK. LAST WEEK HE DIDN’T DO VERY WELL BECAUSE THEY DIDN’T USE HIM VERY WELL. Matt Dejong saddles up to the bar prepping for Thursday night football. It’s time to talk strategy – his fantasy team allows him to call the shots. 10.26 “I STILL AM IN FIRST PLACE IN OUR LEAGUE. I DON’T KNOW HOW MUCH LONGER THAT’S GOING TO LAST.” Making trades and scouting roosters – it’s become a religion for many. But turns out – cashing in on fantasy sports contests is a sin under Iowa law. 3.32 “MOST PEOPLE HAVE NO IDEA THAT IT’S AGAINST THE LAW, THEY’RE BREAKING THE LAW.” FanDuel’s popularity and payouts are growing at an incredible rate. The web-based fantasy sports site plans to shell out 400 million dollars in prizes this year. FanDuel won’t allow Iowans to participate in its paid fantasy sports contests. On CBSsports- dot-com – it states participants from Iowa and four other states are NOT eligible to win any prizes. State representative Jake Highfill filed a bill last year to remove fantasy leagues from the state’s prohibited gambling section. 1.44 “WE DON’T CONSIDER THIS GAMBLING. WE CONSIDER THIS A GAME OF SKILL THAT YOU CAN WIN MONEY OFF OF. YOU CAN WIN ANY NUMBER OF PRIZES AS YOU KNOW.” For these online players – it’s not a get-rich opportunity. It’s about comradery with coworkers. 13.18 “IT’S ABOUT GOING TO WORK THE NEXT DAY AND HAVING A LITTLE SMACK TALK IN THE HALLWAY AND STUFF LIKE THAT.” So logging on to sites like this CBSsports – dot – com – and hoping to win big – is still a gray area in Iowa. Representative Highfill says he plans on introducing a new bill in January… … it would remove fantasy sports from the state’s prohibited gambling section.