NY Passes Bill To Make Daily Fantasy Legal...Let's Gooooo
ALBANY, N.Y., June 18, 2016 /PRNewswire/ — DraftKings today applauded passage of daily fantasy sports (DFS) legislation in New York that will allow millions of New Yorkers to resume playing their favorite games. The legislation currently awaits Governor Cuomo’s signature into law.
“DraftKings is extremely pleased that the New York Assembly and Senate have voted to provide a sensible framework for regulating daily fantasy sports in the Empire State,” said DraftKings Co-Founder and CEO Jason Robins. “Because of their actions, as well as the unwavering commitment from our supporters, millions of New Yorkers will now be able to continue playing the games they love. From the very beginning, we have been committed to working with New York officials to develop model daily fantasy sports regulations that ensure transparency and robust consumer protections in the biggest U.S. market. This is a significant victory not only for DraftKings, but for the people of New York and daily fantasy sports enthusiasts throughout the country.”
The bill, A10736/S8153 promotes a DFS model and community of play that is transparent and offers appropriate consumer protections. The legislation solidifies DraftKings’ presence in the critically important state of New York, which joins more than 40 other states in which DraftKings operates legally.
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Schneidermannnnnn….Schneidermannnnnnn….
God damn what a nice feeling to wake up to. DraftKings (almost officially) back.
Via Legal Sports Report:
The prospects of the Senate version of the bill had been in doubt until reports came from a meeting of Senate Republicans at about 9 p.m.
At that point, the bill’s sponsor, Sen. John Bonacic, indicated to media at the statehouse that he had the votes to pass it. Concerns over having the necessary votes for a majority had been holding up the bill even as the Assembly passed its own version.
The bill — S 8153 — was eventually passed 45-17 after 2 a.m. as the legislature worked on a variety of other issues at the end of the session.
The media in Albany classified the legislative effort as a brutal lobbying battle largely pitting DraftKings and FanDuel against casino interests in the state.
Once the legislation is formally presented to Cuomo, he will have 10 days to either sign or veto it.
If he does neither of those things, the bill would automatically become law.
Cuomo was involved in helping craft some of the final details of the bill. However, the DFS legislation was not a part of a wide-ranging deal announced between Cuomo and the legislature, so it’s at least possible his signature is a variable in play.
Let’s go Cuomo, sign that shit and then challenge me to a Head to Head to kick this back off.