New Jersey steps closer to regulating DFS

New

newjersey
Jersey has taken a step closer to legalising daily fantasy sports (DFS) after a state Assembly committee cleared a bill that would regulate the industry.

On Monday, the DFS bill sailed through a committee of the Assembly Tourism, Gaming and the Arts Committee by a majority of 7-0. The bill established guidelines and a tax rate for companies that operate such games in the Garden State.

The proposed legislation sets out rules to charge DFS companies a fee of 10.5% on gross revenue in order to legally operate in the US state.

The previous legislation that began making movements last year was slightly different, imposing only a 9.25% tax rate on companies’ gross revenue.

New Jersey’s constitution does not allow the state Legislature to regulate “games of chance”. However, former Casino Control Commission Chairman, Steven Perskie, argued that DFS contests are games of skill and thus should not be classed as gambling under the definition of the New Jersey Constitution.

It would therefore place DFS within the authority of the New Jersey Legislature to authorise and regulate. Perskie stated: “While there are inherent elements of chance, success in fantasy sports tournaments is demonstrably dependent upon the exercise of analytics, research, and carefully calibrated strategy. It is clear that the relative skill or participants, not chance, determines the outcome of fantasy sports contests.”

Premium+ Connections
Premium

Sport Generate

 
Premium

Galaxsys

 
 
Premium

Digitain

 
Premium

1xBet Partners

 
Premium

Lynon

 
Premium

GammaStack

 
Premium

RISK

 
 
Premium

Imagine Live

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Esportes Gaming Brasil

Ana Carolina Luna Maçães

LeoVegas

Mattias Wedar

Follow Us

Taking stock: Counting on crypto

Gambling Insider tracks the value of the biggest cryptocurre...

In focus: MiFinity

A trusted payments partner for the iGaming industry....

Panel: LatAm and crypto lead the way

During the SBC Summit Americas in Florida, executives from N...

In focus: Spayz.io

Payments that actually work for iGaming operators…...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the Lead Partner

A message from BetConstruct - Lead Partner of the Global Gam...

The year in review

The Event Manager of the Global Gaming Awards reviews the mo...

Casino Operator of the Year 2025

We present to you the 2025 Shortlist for the Casino Operator...