A look at what happened recently in the industry of daily fantasy sports, and what to watch for:
What’s going on in NY?
The short answer: Not much
After the legislature passed a bill in New York last week, nothing has happened with the bill. It still needs to actually be sent to the desk of Gov. Andrew Cuomo, who would then have 10 days to sign or veto the bill.
Even after a Cuomo signature, the mechanics of implementing the law and issuing “temporary permits” mean we could could still be weeks or even months from DFS starting up again in the state.
The impact of the New York action is also a matter of debate as other states consider what to do with the regulation of the DFS industry.
Pari-mutuel DFS ready in Nevada
The B2B company offers fantasy sports with a pari-mutuel wagering system, that diverges from the DFS industry as currently situated.
Don’t expect this to lead to a groundswell of DFS licensure in Nevada; it appears that no current operator has applied for a license in the state.
Summer doldrums for DFS?
This year? The biggest items of note — outside of the regulatory developments — is DraftKings’ deal with the Canadian Football League and FanDuel’s planned entrance to the UK.
Will we see much else in the way of major news? While it’s certainly possible — rumors of a DraftKings-FanDuel merger will likely linger — the more likely scenario is a quiet summer with an eye toward NFL season.