Assembly clears DFS bill

Business News

Assembly clears DFS Bill. The opinion on this issue from those passing laws is important. There isn’t a general consensus on this topic, much like online poker.

There are two major players in the DFS industry, DraftKings and FanDuel. Once rivals, these companies are reportedly working towards a merger, although nothing has yet been officially finalised. As would be expected, the industry giants are ecstatic over Kelley’s proposed bill.

“The bill takes the right approach by installing the consumer protections that have now been proven to work in many other states, while tailoring the correct specific touches for the state of Georgia. It updates older state laws to reflect changes in technology and the evolution of fantasy sports, and provides a path for the industry to generate revenue for the state as the fantasy sports industry continues to grow,” the companies said in a statement.

Should the bill pass, all DFS sites must register with the state and receive a license to operate. Precautionary measures will be taken to ensure minors can’t play.

Many online poker companies may be wondering why daily fantasy sports appears to receive preferential treatment. Online poker is only legal in three states (Nevada, New Jersey, and Delaware). DFS games are currently legal in most states.

One reason for that is, most states haven’t agreed online poker is a game of skill. Many lawmakers claim it is merely a game of chance. Some politicians feel poker is nothing more than another form of gambling that causes addictions.