Delaware becomes 14th state to legalize, regulate DFS
July 31, 2017 11:02 AM
by Robert Mann
Delaware became the 14th state to legalize and regulate Daily Fantasy Sports (DFS) when Gov. John Carney’s signed enabling legislation last week.
Daily fantasy websites note that although Delaware is a small state it was one of those with a negative legal opinion on its lawfulness. The bill is expected to result in the return of DFS heavy hitters DraftKings and FanDuel to the state.
The legislation demands a $50,000 licensing fee and 15.5 percent tax on gross gaming revenue and some industry observers say this could discourage smaller operators from doing business in such a relatively small market.
The bill is to take effect in late August in time for start of regular season college and professional football games.