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Andrew Cuomo signs DFS bill into New York law

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The daily fantasy industry, under siege for most of the last year, finally has a major victory. New York governor Andrew Cuomo signed into law a bill that legalizes DFS in that state.

In 2015, the Empire State quickly became the primary battleground regarding the question of whether the games constitute illegal gambling. Permitted by the same 2006 federal law that wiped out Internet gambling, the legality of daily fantasy sports has been relegated to the various states.

“Daily fantasy sports have proven to be popular in New York, but until now have operated with no supervision and no protections for players,” Cuomo said in a release, via ESPN.com. “This legislation strikes the right balance that allows this activity to continue with oversight from state regulators, new consumer protections, and more funding for education.”

Previously, the leading DFS companies (FanDuel and DraftKings) identified a small handful of states in which DFS would not be allowed. After the 2015 football season began (and possibly fueled by an advertising blitz that frustrated many and that put the industry in the crosshairs), several states began to take a hard look at whether daily fantasy should be regulated or eliminated.

Moving forward, it’ll be interesting to see whether companies like FanDuel and DraftKings once again attempt to occupy a high profile, or whether they’ll take a more measured and muted approach. The DFS debate will continue in plenty of other states, but the green light in New York could give the industry the spark it needs to establish firmer footing elsewhere.

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14 Responses to “Andrew Cuomo signs DFS bill into New York law”
  1. cmich2006 says: Aug 3, 2016 5:38 PM

    government has to get their cut.

  2. kjdoyle58 says: Aug 3, 2016 5:40 PM

    That’s too bad…Nothing ruins football like Fantasy Football, and the ad’s get old fast.

  3. keys2heat says: Aug 3, 2016 5:43 PM

    Cool, guess it’s time for SCAMduel and GRAFTkings commercials every five minutes.

  4. mcguenther13 says: Aug 3, 2016 5:47 PM

    So in other words, just like the lotto NYS is getting a big piece of the pie

  5. mrf47 says: Aug 3, 2016 6:24 PM

    FanDuel and DraftKings will be fine, until they try to merge and then some other politician, who’s trying to make a name for himself, will get another stick up his bum.

  6. dohczeppelin says: Aug 3, 2016 6:39 PM

    Public service annoucement: Do not participate in fantasy gambling. You might get lucky and win a few times at first but over the long run you are almost guaranteed to lose money (hint, just like traditional gambling). Daily fantasy is dominated by “professional fantasy players” who study fantasy sports as a full time job and use advanced algorithms and mathematical models to select teams. They often play a couple hundred teams per week of various player configurations and make a nice living doing it. Most of the winnings ultimately funnel to these guys. Don’t be a sucker.

  7. brianc34 says: Aug 3, 2016 7:10 PM

    Public service annoucement: Do not participate in fantasy gambling. You might get lucky and win a few times at first but over the long run you are almost guaranteed to lose money (hint, just like traditional gambling). Daily fantasy is dominated by “professional fantasy players” who study fantasy sports as a full time job and use advanced algorithms and mathematical models to select teams. They often play a couple hundred teams per week of various player configurations and make a nice living doing it. Most of the winnings ultimately funnel to these guys. Don’t be a sucker.
    ****************

    Unless you just play in heads up matches against friends who you know are not spending any more time than you are and it’s just for fun. It’s when you try to play in the big multi thousand player tournaments that you’re going to lose consistently.

  8. smokehouse56 says: Aug 3, 2016 7:21 PM

    “oversight from state regulators.” Here we go. Government at it’s worst. Cuomo is a radical progressive.

  9. timpiker says: Aug 3, 2016 7:43 PM

    Racketeering and gambling is legal when the government gets a cut.

  10. tomtravis76 says: Aug 3, 2016 8:46 PM

    The right people have been paid, time to make a law…government hard at work for “everyone”.

  11. finfansince68 says: Aug 3, 2016 9:13 PM

    Cuomo – typical slimeball politician – makin sure he got his piece of the revenue you can bet!

  12. charger383 says: Aug 3, 2016 10:37 PM

    Cuomo should be forced to spend every Sunday afternoon in the fall and winter in a small room with ads for FanDuel and DraftKings played very loudly

  13. MichaelEdits says: Aug 4, 2016 9:15 AM

    A better law would be one to ban all forms of fantasy football, daily and otherwise. Press coverage of it, too. Drive it underground where it belongs so the rest of us can actually enjoy the games.

  14. rcali says: Aug 5, 2016 5:44 AM

    Sounds like a good start to get gambling legalized in the US so we can catch up to the rest of the world.

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