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NEWS 18 August 2016

FanDuel and DraftKings lay out terms for Nevada regulation

By David Cook
FanDuel and DraftKings (FD/DK) have taken steps towards getting back into Nevada, as the state’s Gaming Policy Committee (NGCP) published draft legislation that would make paid-entry fantasy sports exempt from state gambling laws.

Daily fantasy sports (DFS) operators were brought in line with sports betting operators last October when Nevada Gaming Control Board Chairman A.G. Burnett ruled that DFS constitutes gambling under Nevada law and that any operator wishing to offer their services in the state had to obtain a sports pool licence from the Nevada Gaming Commission.

FD/DK, who did not apply for a sports pool licence and pulled out of the state, have put the draft legislation together, which only mentions the word “daily” in its heading and would appear to lay out terms for all fantasy sports operators to be exempt from state sports betting law.

USFantasy Sports is the only fantasy sports operator to have gained licensing in the state, which allows players to wager through a sportsbook.

The NGCP has scheduled a meeting on the subject of DFS for Tuesday, which will involve public comment, an overview of states with fantasy sports legislation as well as the current DFS legal framework in Nevada, and an analysis of the finances DFS revisions to Nevada law could produce.

Fantasy sports are currently legal in nine US states.
RELATED TAGS: Online | Legal & Regulatory | Sports Betting
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