Delaware becomes 14th state to legalize, regulate DFS

Delaware becomes 14th state to legalize, regulate DFS

July 31, 2017 11:02 AM
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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.