Saturday, June 18, 2016

Govt Money Grab: New York lawmakers vote to legalize fantasy sports games to get a piece of the action


Is it gambling or a game of skill?
  It really didn’t matter as far as politicians on both sides of the aisle were concerned as long as they could get their grabby hands on the multi millions fantasy sports generates.  For the record, a fantasy sport is most definitely gambling. 
NY Post reports fantasy sports moved a step closer to being legal in New York on Saturday when lawmakers approved the daily and season-long games, clearing a path for FanDuel, DraftKings and others to offer them to millions of players in the state.

The multibillion-dollar industry, where players draft fantasy teams for sports including football, basketball and baseball, has drawn increased scrutiny since last year with the attorneys general of several U.S. states, including New York, Illinois and Nevada, questioning the legality of the games.

New York Attorney General Eric Schneiderman had held off on pursuing litigation against the fantasy companies for what he claimed were illegal gambling operations, and the companies have suspended their “games of skill” while the proposed legislation was in train.

New York’s Senate passed the measure 45-17 early Saturday morning, sending the legislation that regulates and taxes the operators of fantasy sports games to Governor Andrew Cuomo.

More here