Massachusetts will review fantasy sports wagers

Massachusetts will review fantasy sports wagers

November 02, 2015 9:36 AM
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Massachusetts will review fantasy sports wagersDaily fantasy sports wagers have got the attention of the Massachusetts Gaming Commission, which has agreed to consider regulations.

“There are enough similarities to other forms of gambling that it warrants attention,” Commissioner  Enrique Zunga said.

Prompted by calls from state leaders, the Associated Press reported, the Commission is beginning public discussions on what direction Massachusetts might take.

FanDuel and DraftKings, companies that currently control the growing business of daily fantasy wagering, argue that their products are games of skill. It’s an argument that has enabled them to get beneficial carve-outs in current federal laws that prohibit sports betting.

Daily fantasy wagering has also earned the support of major sports teams and their ownerships such as the New England Patriots.

Commission Chairman Stephen Crosby agreed, “The industry needs to know what the rules of the road are and it is incumbent on us to move pretty quickly.”

A lawyer for FanDuel said the fast-growing industry supports calls for regulations but is concerned about anything that resembles “casino gaming-style” rules that could hamper the emerging industry. Crosby echoed a similar sentiment.

Phil Hevener has been writing about the Nevada gaming business for more than 30 years. Email: PhilHevener@GamingToday.com.

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