Illinois Attorney General Says Daily Fantasy Sports Is Gambling
Illinois has become the latest U.S. State to ban residents from playing daily fantasy sports competitions on sites like DraftKings and FanDuel. Following New York Attorney General Eric Schneiderman’s lead, AG Lisa Madigan said that the sites constitute gambling under Illinois law.
DFS operator FanDuel were not impressed by the latest legislator to challenge the legality of their business model and said,” Why the Attorney General would tell her 13.5 million constituents they can’t play fantasy sports anymore as they know it – and make no mistake, her opinion bans all forms of fantasy sports played for money – is beyond us.”
Madigan’s legal challenge put Illinois alongside Arizona, Iowa, Louisiana, Montana, Washington, Nevada and New York who are not putting out the welcome mat for DFS operators. Illinois makes up about 5 percent of total DFS activity which means that this is yet another major blow for an industry reeling from a sustained attack on all fronts.
The “good news” for DFS operators is that Madigan stated that they might be welcomed back to Illinois after legislation is put in place to safeguard and regulate DFS activity. She stated that she already has legislative support to ensure these bills aimed at regulation become a reality.