Daily Fantasy Operators Cleared To Operate in New York
Just weeks before the official opening of the NFL season, DFS operators have officially returned to New York. As we reported extensively over the last years the DFS world was rocked by what many see as their own success as they became the focus of attention by Attorney General Eric Schneiderman who made it his personal and political mission to clampdown on DFS operators.
Schneiderman like others who followed him believe that DFS is nothing less than real money gambling and should be subject to the same restrictions. Their basic argument is that DFS is based mainly on chance and not on skill as DraftKings and FanDuel would have you believe.
However Gov. Andrew Cuomo disagreed with Schneiderman and legalized DFS in the Big Apple. As of today both DraftKings and FanDuel have been given the all clear to operate in New York again under temporary permits issued by the Gaming Commission who are in the process of working on formal regulations. Gov. Cuomo’s’ legislation guidelines include a 15 percent tax on companies’ revenue as well as increases player protection to be put in place.
Executive Director for the Gaming Commission Robert Williams said in a statement,” While the commission continues work on formal regulations for these games, these temporary permits get companies up and running in New York State while assuring resident players that safeguards are in place.”