FeatureNew York State Legalizes Fantasy Sports by Jason Cordner June 18, 2016 After much debate, the New York State legislature passed a bill legalizing and regulating of the fantasy sports business. When the bill is signed, business like FanDuel and DraftKings will be able to operate with no issues. New York’s Senate passed the measure 45-17.The bill will be sent to the governor’s desk as early as Monday morning. Governor Cuomo will have 10 days after receiving the bill to sign it into law. The New York bill requires participants to be 18 years of age and prohibits games on college and high school sports. Employees of fantasy sports operators and athletes and officials who could impact the games the contests are built on are prohibited from playing.FanDuel CEO Nigel Eccles said in a statement. “The bill represents a thoughtful legislative process, where bipartisanship and willingness to compromise carried the day, and we are extremely hopeful Governor Cuomo will sign this bill. We decided long ago to build FanDuel in New York because it’s the sports capital of the world and a thriving home for tech startups — a natural fit for fantasy sports. Our success is due in no small part to the people, infrastructure, partnerships and opportunities here, which very few locations in the world can offer.”The legislation survived heavy opposition from casino companies operating in New York. Opponents said it would weaken New York’s current gaming operations, including the horse racing industry which has been propped up by the state government, by giving gamblers more options.A Win For All Sports Lovers in New YorkNew York is one of the largest revenue producers for fantasy sports and is viewed as a leading indicator for other states. Fantasy sports is a grow multi-billion dollar business. The idea that the state of New York not be involved is just insane to me. The revenue that fantasy sports will generate alone can help with so many issues the state is dealing with. Casinos in the state can now cater towards fantasy sports, which will generate more interest in the Casinos. Time to get with the current state of America. Younger Americans love their sports. Fantasy sports is part of today’s sports culture. Most young adults would rather gamble with fantasy sports over poker and blackjacks today. Post Views: 1,275The following two tabs change content below.BioLatest PostsJason CordnerLatest posts by Jason Cordner (see all) Lebron James Leaves Coca-Cola To Sign With Pepsi - March 22, 2021 WNBA Rolling Out Red Carpet For Upcoming 25th Anniversary Season - March 16, 2021 Nike Partners with National Urban League to Promote Employment and Home Ownership for the Black Community - March 15, 2021 Rob Gronkowski Gets In On NFT Collection Movement, Becomes First Athlete To Do So - March 10, 2021 Related TopicsDraftKingsFanDuelfantasy sportsGamblingGovernor CuomoNew YorkNigel Eccles Click to comment You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment.Newsletter SubscriptionCan't Miss Posts! The Most Catastrophic Boat Trip Since the Titanic; the New York Giants by John Venezia | posted on October 4, 2020 MetLife Stadium to host Army-Navy Game in 2021 by Kelly Lynn | posted on August 23, 2017 Women in Sports: Ariel Epstein, On-Air Host at SportsGrid (VIDEO) by Anthony Paradiso | posted on March 12, 2021 From Inspired to Being an Inspiration: Sports Broadcaster & “The Morning Roast” Host Kate Scott (VIDEO) by Candace Cordelia | posted on December 21, 2020 From Paramus High School to CBS Sports, Spero Dedes is making waves in sports broadcasting by Sunil Sunder Raj | posted on October 27, 2020More in Feature You Know I’m Right, Episode 113: New York Post Columnist Phil Mushnick (Audio/Video)On the 113th episode of You Know I’m Right, Nick Durst and Joe Calabrese are joined by... You Know I’m Right, Episode 112: New York Jets’ Insider Brian Costello (Audio/Video)On the 112th episode of You Know I’m Right, Nick Durst and Joe Calabrese are joined by... You Know I’m Right, Episode 111: New York Giants’ Insider John Schmeelk (Audio/Video)On the 111th episode of You Know I’m Right, Nick Durst and Joe Calabrese are joined by... You Know I’m Right, Episode 109: The Athletic’s Marc Carig (Audio/Video)On the 109th episode of You Know I’m Right, Nick Durst and Joe Calabrese are joined by... Report: The UFC is close to being sold Where Do Mets Go At Third Base After David Wright’s Surgery?