Thursday, September 8, 2016

Fantasy Sports Gets Green Light in NyNO Deposit bonus $43

Draft Kings ClearNew York Gov. Andrew Cuomo signed legislation Wednesday formally legalizing daily fantasy sports within the Empire State and handing the embattled industry its biggest victory to date.

Fantasy operators that were active in Ny before Nov. 10, 2015 must receive a short lived permit from the brand new York Gaming Commission before reopening for business. The method isn’t expected to take long, and FanDuel and DraftKings, the 2 leading daily fantasy operators, expect to be up and running in Big apple before the NFL season kicks off in early September, if not sooner.

“Daily fantasy sports have proven to be popular in New York, but before have operated and not using a supervision and no protections for players,” Cuomo said in a release. “This legislation strikes the correct balance that permits this activity to continue with oversight from state regulators, new consumer protections, and more funding for education.”

Cuomo’s signature gives closure to a tenuous nine months for the industry that began with Big apple Attorney General Eric Schneiderman charging FanDuel and DraftKings with illegal gambling and try to shut them down. The sites eventually settled with the attorney general and in March stopped operating in New York, certainly one of fantasy sports’ largest revenue-producing states.

More at ABC News

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