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New Daily Fantasy Sports Bill For New York

Thursday, February 25, 2016 : NEW D.F.S. BILL LAUNCHED IN NEW YORK
 
Senate Committee on Racing, Gaming and Wagering chairman introduces new measure.
 
New York Attorney General Eric Schneiderman, who has been leading the prosecutorial charge against daily fantasy sports, must be gnashing his teeth at the news Wednesday that a new DFS legalisation bill has been introduced in the state Senate.
 
The influential proposer of the bill - S 6793 – is Sen. John Bonacic, chairman of the state Senate Committee on Racing, Gaming and Wagering, and a consistent supporter of legalised online poker  The new bill does a step further than simply recognise DFS as a skill game...it proposes a full-on stringent regulatory regime for the industry in New York state, amending the racing, pari-mutuel wagering and breeding law and the financial services law, in relation to interactive fantasy sports. It includes provisions to:
 
* Create a Fantasy Sports Contests Division within the Financial Frauds And Consumer Protection Unit to promulgate regulations and license operators;
 
* Allows DFS operates already active in the state prior to last November 10 to continue to offer their products whilst their registration process is ongoing;
 
* Imposes a one-time fee of $500,000 which can be applied, in whole or in part, against an operator’s tax obligation for a 36-month period after receiving a license;
 
* Imposes a tax rate of 15 percent of GGR on revenue from New York players;
 
* Establishes a minimum age limit of 18 years;
 
* Bans DFS contests involving collegiate sporting events or horse races;
 
* Exempts DFS from the part of the NY penal code relevant to gambling;
 
* Makes provision for consumer protections, problem gambling, security and the exclusion of employees from playing contests
 
Th bill can be accessed here: http://legislation.nysenate.gov/pdf/bills/2015/S6793



Gambling News :

Cavaliers Aim to Take Down Wizards on 2/22/18 - The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.

Casino Barcelona in deal with Microgaming - Casino Barcelona Online signs a software license agreement for Microgaming content through Prima Networks

Aussie Millions won by Norwegian Jon Kyte and New Zealandís Daniel Smith - In this event, poker players teamed up in pairs to form 79 teams. The teams had to climb their way up to the throne by beating the other teams. A total prize pool of A$80,975 was shared amongst the teams. The Shot Clock Team became particularly popular because the players had to devise their own ingenious strategies so as to reach the top.

ACR $15 Million OSS Cub3d - Americas CardRoom immensely popular OSS Cub3d returns February 25th and it's bigger than ever. U.S. Online Poker players will have a chance to compete for $15 Million in guaranteed prize pools.

AIGF and Betradar formalised their relationship - At this yearís ICE Total Gaming, the All India Gaming Federation (AIGF) and Betradar formalised their relationship, committing to understand, explore opportunities and network across India around sports betting and gaming.

Lionís Roar Slot Pays Progressive at Ignition Casino - Ignition Casino saw a major win in one of their lion-themed slots last week. The recipient was a California slot player named Amber S.

EHF and Sportradar Extend Partnership - The EHF is responsible for a wide range of activities including the promotion and development of the sport, education programmes, player transfers and the organisation of high-profile sports competitions and events including the EHF EURO and the EHF Champions League.

Swisslos and Betradar in Deal - Swisslos offers lotteries, sport bets and instant tickets in the entire territory of German-speaking Switzerland, in Ticino and in the Principality of Liechtenstein. It structures its range of games in an attractive and responsible manner. Swisslos transfers it entire net profit to the mandating cantons and the Principality of Liechtenstein to support public causes.

World Snooker and Sportradar extend partnership - Extending a relationship that started in 2010, World Snooker is delighted to announce the renewal of their official data partnership with Sportradar.

Americas Cardroom offering mouth-watering value - It's not every day that an industry-leading poker site offers its customers an opportunity to put the house's money directly into their own pockets, but that's exactly whatís happening at Americas Cardroom.

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