New York legislature approves daily fantasy sports in the state

Daily fantasy sports (DFS) sites DraftKings and FanDuel shut down operations in New York in March after attempts by state attorney general Eric Schneiderman beginning in November to shut down the industry in the state. At the time of the initial threats from Schneiderman, I wrote a blog detailing why I felt the attorney general’s decision was wrong and why DFS should be legalized — and regulated — in the state. Now, it looks like DFS might be headed in that direction in the Empire State.

On Friday, both the New York Assembly and Senate passed a bill legalizing DFS, and the legislation  now just needs to be signed by Gov. Andrew Cuomo to become law. Cuomo has not indicated whether he plans to sign the bill. Of course, there was opposition to the legislation in the Assembly, with state Sen.  Liz Krueger, D-Manhattan,  maintaining that it is “another gambling bill,” which is an assertion that I disagree with, as I wrote about in November.

In a statement, DraftKings co-founder and CEO Jason Robins said the bill provides “a sensible framework for regulating daily fantasy sports” in New York. The statement also notes that the bill clarifies that DFS is a game of skill and not illegal gambling, offers strong consumer protection for players and provides taxes and fees for the state — all things I noted should happen in my November blog post.

Advertisements

One thought on “New York legislature approves daily fantasy sports in the state

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s