But this season, there are more states where users can’t play DraftKings or FanDuel than there have been 12 months ago. Amid widespread legal scrutiny after the 2 private tech startups flooded airwaves with $200 million worth of advertising, a couple of new states became unfriendly. (See where every state now stands on daily fantasy sports.)
One of these states was Nevada, where the Nevada Gaming Control Board decided that daily fantasy sports contests constitute gambling. Nevada didn't rule daily fantasy sports illegal, just that the firms must apply for gambling licenses to continue doing business there. And that's something the corporations are unlikely to ever do. “We have found that [an entry in a regular fantasy sports contest] is a wager,” Nevada Gaming Control Board chairman A.G. Burnett told ESPN, “and obviously, it’s on a sporting event, and DFS companies are within the business of accepting those wagers.”
Sheldon Adelson, CEO of Las Vegas Sands (LVS), is among the strongest business people in Nevada. Adelson spoke exclusively to Yahoo Finance recently about his plan to construct a brand new $1.9 billion football stadium and convey the Oakland Raiders to Las Vegas, and in that interview, the topic of daily fantasy sports came up.
More at Yahoo
Similar Stories from This Week in Gambling:
Read More... [Source: Gambling Headlines – This Week in Gambling]
No comments:
Post a Comment