Daily Fantasy Sports

DFS

Log Rolling And Tug of War: How A New IRS Memo Looks At DFS 

The Internal Revenue Service (IRS) has issued another memo at the intersection of daily fantasy sports and the federal tax code.   Dated September 14, 2020 but not publicly released until October 16, the IRS’s recent four-page memo concludes that “[t]he amount paid by a daily fantasy sports player to participate in a daily fantasy sports […] Read More
Posted on: November 9, 2020 | Daily Fantasy Sports Opinion Regulation | Ryan Rodenberg
DraftKings

DraftKings Refutes Report NJ Sports Betting Whale Had Proxy Deal

DraftKings pushed back Friday on a report suggesting one of its VIP customers enjoyed a side deal to let him bet from outside New Jersey. A spokesperson for DraftKings told LSR that sportsbook director Johnny Avello did not have an arrangement with a customer claiming the company locked his account with a potentially winning $3 […] Read More
Posted on: November 6, 2020 | Daily Fantasy Sports Regulation Sports Betting | Adam Candee
Stats Perform

Stats Perform Still Suffering More Than Two Weeks After Cyber Attack

Stats Perform is still not fully functional more than two weeks after it first went down, industry sources tell Legal Sports Report. The stats provider was hit by a cyber attack on October 10 , causing problems at multiple DFS firms including FanDuel and DraftKings. While those companies switched data providers to minimize the impact […] Read More
Posted on: October 27, 2020 | Daily Fantasy Sports Sports Betting | Brad Allen
Louisiana sports betting

Sportsbooks, Casino Operators Fund Louisiana Sports Betting Campaign

A second campaign pushing sports betting as a way to fund education and more launched recently, this time in Louisiana. Louisiana Wins hopes to drum up support for the November referendum that would legalize LA sports betting. The legislature would need to work out the details with a sports betting bill next year. Along with […] Read More
Posted on: September 22, 2020 | Daily Fantasy Sports Regulation Sports Betting | Matthew Waters
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