Sentences with phrase «said daily fantasy»

In January, Paxton said daily fantasy sports games that charge players to compete can not operate legally in Texas, joining other states in challenging the legality of such online contests.

Schneiderman says daily fantasy sports are not licensed by the state which means they're engaged in illegal gambling.

Not exact matches

«We are very disappointed that New York Attorney General Eric Schneiderman took such hasty action today, particularly since he did not take any time to understand our business or why daily fantasy sports are clearly a game of skill,» DraftKings said in a statement.

«We are very disappointed that New York Attorney General Eric Schneiderman took such hasty action today,» DraftKings said, «particularly since he did not take any time to understand our business or why daily fantasy sports are clearly a game of skill.

Jason Robins, CEO of DraftKings, has said that daily fantasy is not gambling, arguing that it is a game of skill, not chance.

The two largest daily fantasy sports companies, FanDuel Inc. and DraftKings Inc., are in early - stage talks to merge, people familiar with the matter said on Monday, as the industry faces a crackdown by U.S. states over whether it runs illegal gambling.

Schneiderman said in the DraftKings complaint that nearly 90 percent of daily fantasy sports players lost money in 2013 and 2014, citing the company's data.

In an April 5, 2016 media release, Alabama Attorney General Luther Strange said «paid daily fantasy sports contests are in fact illegal gambling under Alabama law.»

In a May 2, 2016 news release, Idaho Attorney General Lawrence Wasden said: «My concern is that the daily fantasy sports offerings my office reviewed require participants to risk money for a cash prize contingent upon individual athletes» collective performances in various future sporting events.

«With the opening of our first DraftKings Fantasy Sports Bar & Lounge of its kind, we are creating the premier destination for Los Angeles sports fans to watch games, play daily fantasy and socialize over great food and drink,» said Jason Robins, DraftKings CEO.

That said, daily fantasy is still entirely legal in most states and there are a number of players offering value this week.

«I thought it would be higher,» Assemblyman Gary Pretlow, a Westchester County Democrat, said after the racing and wagering committee he chairs held a hearing to hear what the daily fantasy sports industry has brought New York.

Hope) said there's a «strong possibility» lawmakers might insert language in the budget (due April 1) to make online daily fantasy sports legal.

«We're still polling to see if there's enough votes on daily fantasy sports, so I'm not sure where that is,» he said.

Republican Robert Ortt of North Tonawanda says there's a pending agreement involving one of the major daily fantasy sports operators that would provide an economic boost for Western New York.

The chairs of the Senate and Assembly wagering committees said they are preparing final legislation that they hope will lead to the legalization of daily fantasy sports contests in New York.

With the Legislature considering bills to legalize online daily fantasy sports sites like FanDuel and DraftKings, some lawmakers and advocates say any revenue for the state should go toward education, as has been traditional for gambling - generated cash in New York.

-- @NateSilver538: People may say Eric Schneiderman was a showboat who didn't accomplish very much, but they forget that he saved New York state from the scourge of daily fantasy football for several weeks in late 2015.

«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 statement.

Although legislation has already been introduced in the GOP - controlled Senate to legalize daily fantasy sports games, the Senate's leadership has yet to take a formal position on it, said Scott Reif, a spokesman for Senate Majority Leader John Flanagan.

Assembly Racing and Wagering Committee Chairman Gary Pretlow (D - Westchester) said Tuesday he expects the Legislature would adopt legislation to legalize daily fantasy sports games if a court finds — as Schneiderman claims — that they are in violation of state gambling laws.