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DFS legislation would push small operators out of business
Wednesday, March 30, 2016 : SMALL FANTASY SPORTS STAKEHOLDERS TAKE ON PERCEIVED DUOPOLY IN NEW YORK STATE
Proposed legislation would push small operators out of business, says SBFSTA.
A newly formed coalition of the smaller fantasy sports business and vendor sector says it will fight the duopoly comprising FanDuel and DraftKings who support proposed New York State legislation that would see prohibitive licensing fees of $500,000 and a tax regime of 15 percent of gross gaming revenues effectively put small operators out of business.
The Small Business Fantasy Sports Trade Association (SBFSTA) formed when the Fantasy Sports Trade Association (FSTA) was deemed to have been co-opted by FanDuel and DraftKings and no longer represented the interests of all members big and small, SBFSTA said.
“Policy makers and the public have been led to believe that DraftKings and FanDuel speak for all fantasy sports operators. They do not,” Alex Kaganovsky, spokesperson for the SBFSTA said. "We will take this fight across the country on behalf of all of the fans. We will not stand by while the two major players in the industry, which have direct financial ties with three of the major professional sports leagues, are permitted their own duopoly in New York."
Kaganovsky said in a press statement that as written, the current New York bill sets up a battle between David and Goliath and is little more than a concealed effort by DraftKings and FanDuel to eliminate competition by driving out the hundreds of small operators who cannot possibly pay the high fees and taxes called for in the legislation.
"Mom and Pop type businesses count for about 95 percent of the fantasy sports industry. There is a lot more to fantasy sports than DraftKings and FanDuel. Small businesses have been the lifeblood of this industry for decades.”
Recent legislation passed in Virginia and Indiana will also have a devastating effect on small fantasy sports businesses, leaving only the large operators room to afford new licensing fees and taxes.
"Existing small businesses and start-up companies need smart legislation that will allow them to operate and thrive in the great state of New York alongside the billion dollar giants like FanDuel and DraftKings," Kaganovsky concluded.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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