Thursday, March 24, 2016

New York State Says Goodbye to DraftKings & FanDuel

After much speculation and rumors and after a long battle in court the state of New York has won their court case against online daily fantasy sports sites like DraftKings and FanDuel. Both DraftKings and FanDuel will halt paid contests in the state of New York as a part of a deal reached between the sites and the state’s attorney general. No more daily fantasy for many of the people reading this right now, bummer.

New York Attorney general Eric Schneiderman agreed to drop all the claims and charges against the sites minus the claim of false advertising in the agreement. The state of New York believes these sites violated the state’s gambling laws although this injunction is still under appeal at this time.

New York is now the ninth state where the daily sites will no longer offer paid contests because of state gambling laws joining Arizona, Hawaii, Iowa, Louisiana, Mississippi, Montana, Washington and surprisingly Nevada. Texas will become the 10th state on May, 1 2016 when their own lawsuit against DraftKings and FanDuel comes to an agreement.

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Sorry for the Capatcha... Blame the Russians :)