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Nj Looking at DFS Bill
Tuesday, March 8, 2016 : NEW JERSEY SENATE TO MULL DAILY FANTASY SPORTS BILL
Senator Jim Whelan launches S.1927.
New Jersey has joined the procession of US states with legislative intentions on daily fantasy sports, with the introduction to the state Senate of S.1927 by Senator Jim Whelan Monday.
A presser from the senator's offices reveals that the measure is specific to daily fantasy sports (it apparently leaves season-long fantasy sports as is) and seeks to avoid fees and taxes that are so high as to prove an obstruction to smaller DFS companies that would like to operate legally in the state.
The measure Whelan unveiled Monday would have the state Department of Law and Public Safety oversee the games in New Jersey, issuing permits to casino operators and other business ventures that want to conduct daily fantasy sports in the state.
The bill proposes a tax rate equivalent to that paid by Atlantic City land casino operators of 9.25 percent of GGR, and contains the now-familiar provision of prohibiting DFS employees and family members from playing in DFS contests, along with safeguards against underage or problem gambling, and requirements that operators segregate player funds from operational monies.
"I can confidently say that we have a good bill that puts important consumer safeguards in place while not impeding people's ability to play and enjoy daily fantasy sports," the senator said in a statement Monday. "As I have said from the beginning, New Jersey can be a model for the rest of the nation of how to effectively and efficiently regulate daily fantasy sports."
Whelan's bill would only regulate daily fantasy sports, not season-long competitions.
New Jersey joins about 30 states that have introduced bills to regulate the industry. At least two other states, California and New York, have proposals to tax the games.
More details on the bill are awaited, but Whelan has moved quickly to organise a Senate Economic Growth Committee hearing on the bill this Thursday.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
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Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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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.
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