- Sports Betting
- US Betting
- Daily Fantasy Sports
California emerged as one of the “hot spots” for daily fantasy sports, although things cooled off considerably more recently.
The economic opportunity from California sports betting is too big for the state and its gaming interests to ignore for very long.
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Like most states in the US, DFS operators have taken customers in the state throughout the industry’s short history (since the Unlawful Internet Gambling Enforcement Act was passed in 2006 with a carveout for fantasy sports).
Since then, there has been a lot of chatter. Here’s a brief timeline of what has happened in the state:
The regulatory measure in California is AB 1437 — full text and bill tracking here. It is called the “Internet Fantasy Sports Games Consumer Protection Act.”
The bill sets up a regulatory framework overseeing DFS. Here is a look at some of the provisions of the bill:
Pretty much anyone who wants to run a DFS site in California is eligible to do so. That would mean that all existing gaming interests in the state — tribal casinos, tracks and cardrooms — could offer DFS or partner with an existing operator.
Operators must pay the licensing fee — which is to be determined. The Department of Justice will be charged with creating regulations about who is suitable for licensure.
The bill is not being considered in 2017.