New York Says Yes to DFS, No to Online PokerPublished June 20, 2016 by Elana K
The results are in from the most recent legislative session in New York: Daily fantasy sports (DFS) have been approved to be regulated, while online poker has not.
The results are in from the most recent legislative session in New York: Daily fantasy sports (DFS), which were banned in November of 2015, have been approved to be regulated, while online poker has not.
Both the New York state Assembly and Senate approved Senator Bonacic’s bill to regulate DFS, which Governor Andrew Cuomo now needs to sign. Bonacic’s separate bill to regulate online poker was not included in the legislation, and will have to be shelved until next year before being examined again.
What This Means for DFS
In November 2015, the main two DFS companies, DraftKings and FanDuel, were slapped with a multi-charge action suit by NY Attorney General Eric T. Schneiderman, effectively barring the two companies from offering their popular services in New York. The approval of the bill will mean that these companies, as well as other DFS companies, will be able to re-enter the New York market, though Schneiderman will still go ahead with charges of fraud and misrepresentation.
What This Means for Online Poker
While Senator Bonacic’s online poker bill was approved just two weeks ago by the Senate Finance Committee, the bill did not pass muster during this final legislative session. The subject of online gambling is undoubtedly more controversial than DFS, and due to the end-of-the-month deadline, it doesn't seem like lawmakers were willing to tackle it.
The non-inclusion of the bill in New York's end-of-the-year legislation comes as a disappointment to the state’s existing casinos, many of which had already created tentative plans for partnering with online poker sites.
While the bill failed to pass this year, Bonacic is not giving up. Online poker has a plethora of benefits it can bring to the Empire State, he claims, including consumer protection, job creation, and increased revenue for New York. All of these issues will be worth pursuing come next year.