New York State declares fantasy sports are gambling

New York State declares fantasy sports are gambling

November 10, 2015 5:13 PM
by

New York State declares fantasy sports are gamblingNew York State declares fantasy sports are gambling

DraftKings and FanDuel have been ordered by the New York State attorney general to stop taking bets from New York residents according to a New York Times story by Walt Bogdanich, Joe Drape and Jacqueline Williams.

Attorney General Eric T. Schneiderman began an investigation into fantasy sports in October and has concluded that under state law the games are illegal gambling.

This comes on the heels of Nevada’s determination last month that fantasy games are gambling under Nevada law that can only be conducted by companies with the proper gaming license, and DraftKings and FanDuel were told to stop offering games in the state.

In a statement today a DraftKings spokesperson said, “We are very disappointed that New York Attorney General Eric Schneiderman took such hasty action today, particularly since he did not take any time to understand our business or why daily fantasy sports are clearly a game of skill.  We strongly disagree with the reasoning in his opinion and will examine and vigorously pursue all legal options available to ensure our over half a million customers in New York State can continue to play the fantasy sports games they love. 

“We continue to see a number of other officials, including Senator Negron in Florida, Representative Zalewski in Illinois and the Federal Trade Commission, take a reasoned, informed and measured approach to the daily fantasy sports business.  We hope this trend continues along with due consideration for over 56 million sports fans across the country who enjoy playing fantasy sports. We remain committed to working with all relevant authorities to ensure that our industry operates in a manner that is transparent and fair for all consumers.  

“New York’s actions today are an unfortunate example of a state government stifling innovation, technology and entrepreneurship and acting without full and fair consideration of the interests of consumers.” 

Email: Publisher@GamingToday.com.

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