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New DFS Bill For New York
NEW DAILY FANTASY SPORTS BILLS FOR NEW YORK
Senate and Assembly bills introduced despite state AGs negative view of DFS.
The New York state Attorney Generals negative view that daily fantasy sports are illegal in terms of New York state law (see previous InfoPowa reports) has done nothing to dampen the enthusiasm of state politicians Sen. John Bonacic and Rep. Gary Pretlow, who have introduced similar legalisation bills in the Assembly and Senate.
The two men are respectively chairmen of the Senate Racing, Gaming and Wagering Committee, and its equivalent in the House.
Reporting on the bills, the New York Daily News said their passage will allow DFS market leaders FanDuel and DraftKings, along with other daily fantasy sports sites, to return to New York after they exited following "cease and desist" letters from the AG earlier this year.
Although not identical, the two bills have similar provisions, calling for oversight by the New York State Gaming Commission, licensing fees and a tax rate on GGR from transactions with New York players of 15 percent. There are also similar provisions regarding excluding college and high school sports from DFS competitions.
New York Governor Andrew Cuomo has an open mind on the issue, according to a spokesman, who told the New York Daily News that if the legislature has a proposal the governor is prepared to review it.
"We are seeing major progress and hope the Legislature acts soon to make New York the seventh state this year to pass positive fantasy sports legislation that will clarify the legality of these games and install necessary consumer protection regulations,” Cory Fox, director of policy and government affairs for FanDuel, said in a statement.
“There are more than one million players and nearly 30 fantasy businesses in the state watching and waiting for the legislature to safeguard this growing industry,” he added.
Carlo Scissura, president of the Brooklyn Chamber of Commerce, was also supportive, saying: "It can help accelerate the increase of technology jobs within the city, within Brooklyn. Why shouldnt this industry be a part of this renaissance in technology?"
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NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
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NHL Odds: Lone Canadian Team Plays on Friday -
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NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
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PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
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NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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