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Friday, December 11, 2015

Fantasy Footbal Denied in New York

        New York - At issue is whether fantasy sports are a game of skill or gambling.  For now, a New York court, has required that daily fantasy sports companies Fan Duel and Draftkings stop operating in the state of New York.  If other states follow suit, it could be the death nail in the coffin for Fan Duel and Draftkings.  $100 million in entry fees from New York alone came in this year.  State lawmakers in California will also meet to discuss the issue of gambling, tax revenue, and protecting the consumer.  See also,  www.foxbusiness.com

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