Legal Daily Fantasy Sports Developments

IRS: Daily Fantasy Sports Companies Are Subject To Federal Sports Betting Tax

New guidance from the Internal Revenue Service says that the federal excise tax on sports betting also applies to daily fantasy sports. The excise tax, sports betting and DFS The excise tax is applied as a tax of .25% of all sports wagers; as applied to DFS this would be each entry fee for a […] Read More

Posted on: August 13, 2020 | | Dustin Gouker

Flimsy Rhode Island Sports Betting Challenge Thrown Out But Appeal Is Coming

Rhode Island Superior Court ruled sports betting in the state is constitutional and denied an injunction to stop it. Read More

Posted on: June 2, 2020 | | Matthew Waters

FanDuel Founders, Former Employees Sue In NY Court For Getting $0 In Sale

FanDuel co-founder Nigel Eccles says private equity investors collued to cheat FanDuel employees and give themselves a "massive payday." Read More

Posted on: February 25, 2020 | | Brad Allen

Strike Two For New York Daily Fantasy Sports: Court Rules 2016 Law Is Unconstitutional

The future of regulated daily fantasy sports is very much in jeopardy in New York. The NY Supreme Court on Thursday upheld a decision from Acting Justice Gerald W. Connolly, who previously ruled DFS is unconstitutional in the state. In his 2018 decision, Connolly held that the state unlawfully expanded gambling in 2016 by classifying […] Read More

Posted on: February 6, 2020 | | Eric Ramsey

What Is SBTech Trying To Hide About Its Oregon Sports Betting Contract?

Citing trade secrets, SBTech is taking multiple parties to court to prevent the public from seeing its sports betting contract with the Oregon Lottery. Read More

Posted on: January 22, 2020 | | Eric Ramsey

The DOJ’s Wire Act Case Looks Flimsy In Latest Filing

The Department of Justice is continuing in its pursuit to expand the Wire Act beyond sports betting in a federal court case. Read More

Posted on: December 27, 2019 | | Andrew J. Silver

Another Bump In The Rhode Island: How A Sports Betting Lawsuit Could Derail Progress

Rhode Island has been slow to hit its stride with legal sports betting, despite its head start. The state which saw a $22.2 million handle in September has not seen that translate into significant revenue via the 51 percent tax that was imposed. While the small state may still eliminate potential hurdles to profit maximization […] Read More

Posted on: December 24, 2019 | | John Holden

West Virginia Casino Operator Suing Over Sports Betting Debacle

Casino operator Delaware North is suing the company that was providing its sports betting platform in West Virginia, after it was forced to shut down all wagering last month. Read More

Posted on: April 19, 2019 | | Dustin Gouker

Sports Betting Legislative Lasso: Movement In The Middle Of The Country

This week's tour of sports betting legislation stays in the central US, where bills were up for discussion from North Dakota all the way down through the Midwest and into the South. Read More

Posted on: February 25, 2019 | | Eric Ramsey

Temper Those Expectations: NH Wire Act Lawsuit Faces Uphill Battle

The new Wire Act decision is wrong, as has been discussed extensively by me and many others. But simply because the 23-page opinion written by Assistant Attorney General Steven A. Engel is wrong, it does not mean a court is going to simply overrule the Justice Department’s interpretation. Read More

Posted on: February 19, 2019 | | John Holden

Legal Developments

IRS: Daily Fantasy Sports Companies Are Subject To Federal Sports Betting Tax

Flimsy Rhode Island Sports Betting Challenge Thrown Out But Appeal Is Coming

FanDuel Founders, Former Employees Sue In NY Court For Getting $0 In Sale

Strike Two For New York Daily Fantasy Sports: Court Rules 2016 Law Is Unconstitutional

What Is SBTech Trying To Hide About Its Oregon Sports Betting Contract?

The DOJ’s Wire Act Case Looks Flimsy In Latest Filing

Another Bump In The Rhode Island: How A Sports Betting Lawsuit Could Derail Progress

West Virginia Casino Operator Suing Over Sports Betting Debacle

Sports Betting Legislative Lasso: Movement In The Middle Of The Country

Temper Those Expectations: NH Wire Act Lawsuit Faces Uphill Battle

FanDuel Sportsbook Pins NJ Sports Betting Palp On Tech Vendor

DraftKings Stock Dips On Mixed Bag Of Q2 Results, With $71 Million In Revenue

Betsson Ready To Go Head-to-Head With Kambi For US Sportsbook Deals

IRS: Daily Fantasy Sports Companies Are Subject To Federal Sports Betting Tax

NJ Sports Betting Sees $315M In Wagers In July As Major Leagues Return