Daily Fantasy Sports News

Bally’s Continues Acquisition Spree With $90 Million Deal For Monkey Knife Fight

Bally's said the all-stock deal makes it the third sports betting operator in the US to own a daily fantasy sports firm after FanDuel and DraftKings. Read More

Posted on: January 25, 2021 | | Brad Allen

Spare Change Fantasy Sports App Closes $250,000 Angel Funding Round

A spare change app like Acorn, Hedge aims to provide "the life-changing hope mechanism of the lottery, without the negative financial drawbacks." Read More

Posted on: November 24, 2020 | | Brad Allen

Texas Taking Another Swing At Legalizing Daily Fantasy Sports

A Texas state representative appears determined to legalize daily fantasy sports, which are already being played in the state. Rep. Joe Moody filed HB 393, which would define daily fantasy sports as a game of skill and make it legal to win prizes in DFS contests. The bill doesn’t offer a pathway for potential sports […] Read More

Posted on: November 18, 2020 | | Matthew Waters

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 | | Ryan Rodenberg

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 | | Adam Candee

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 | | Brad Allen

Analysis: Why Are People Investing In Daily Fantasy Sports Again?

The likes of Monkey Knife Fight, PrizePicks and Underdog Fantasy have all been raising money and signing sponsorship deal in recent months. What's driving the money and can DFS co-exist with sports betting? Read More

Posted on: September 22, 2020 | | Brad Allen

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 | | Matthew Waters

What The First DraftKings Sportsbook With SBTech Looks Like

DraftKings has launched its first sportsbook on the SBTech platform in what could offer a preview of its eventual product in the US. Read More

Posted on: September 4, 2020 | | Brad Allen

Louisiana DFS Launch Delayed Until Well Into NFL Season

Any optimism that daily fantasy sports could launch in Louisiana by the start of the NFL season is now gone. In fact, it now looks like DFS operators like FanDuel and DraftKings will miss more than half of the 2020 season in the Pelican State. Louisiana is now on track to launch daily fantasy sports […] Read More

Posted on: September 2, 2020 | | Matthew Waters