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POLITICAL ACTIVITY ON NEW YORK DAILY FANTASY SPORTS BILL
FRANTIC POLITICAL ACTIVITY ON NEW YORK DAILY FANTASY SPORTS BILL (Update)
With just a day left of this years Assembly session in New York, lobbyists and lawmakers search for a compromise.
New York media reports indicate that lobbyists and lawmakers are currently under pressure from todays (Thursday) legislative deadline as they try to build a deal that will legalise daily fantasy sports betting in the state,
Current legislation in the Assembly seeks to regulate and tax fantasy games while clarifying that they are not considered illegal gambling under state law.
But the Legislature adjourns June 16 (today), and state AG Eric Schneiderman is likely to enforce his opinion that DFS is illegal under state law , permanently excluding DFS companies from lucrative operations in New York.
At present an uneasy truce exists between the AG and leading DFS firms DraftKings and FanDuel, which have agreed to suspend operations in New York to give lawmakers an opportunity to legalise the genre.
New York is the industry’s second-largest market, producing an estimated $267 million in entry fees in 2015, according to industry analyst firm Eilers & Krejcik Gaming.
News late Wednesday from New York indicated that a compromise has been achieved by legislators in the Senate and Assembly racing and wagering committees. This would reportedly class DFS games as games of skill under the authority of the New York Gaming Commission, with tax returns allocated to state education.
Assembly Racing and Wagering Committee chairman Gary Pretlow told reporters late Wednesday that the deal had been achieved through a collaborative effort involving both Senate and Assembly, but it remained uncertain whether the bill would pass muster with rank-and-file legislators in both houses and with state Gov. Andrew Cuomo.
The draft contains provisions for a tax on GGR of 15 percent and a 0.5 percent of GGR as a licensing fee.
“They may have a language agreement on daily fantasy sports but I still have to check and see if there are Democrats who support the legislation and thats what were doing,” said Assembly Speaker Carl Heastie.
Governor Cuomo will also have to sign off on any bill agreed by the Legislature.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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