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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?"
Gambling News :
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.
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.
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.
Coolbet Joins Mpn -
Coolbet, owned by the Estonian company StayCool OU, is a sportsbook driven brand with its own developed platform and sports software. In addition to sports, it offers casino and live casino gaming, and as of this week, poker.
RMG AND SIS EXTEND PARTNERSHIP -
RMG manages the rights of many of the leading British racecourses, while SIS holds the horseracing rights to all Irish racecourses, plus Chelmsford City Racecourse in the UK.
Novomatic and Betradar in Deal -
With ICE just a few days away, NOVOMATIC has announced a partnership with leading sports betting solutions provider Sportradar to develop an innovative line of sports betting products and services.
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