DraftKings has long argued that its business, a daily fantasy sports game where users can win cash prizes in exchange for cash entry fees, is a game of skill (legal), not a game of chance (illegal). Now, DraftKings is preparing to cross over to the other side. The company is building a sports betting product, says CEO Jason Robins, who hopes that his startup will be ready if and when sports gambling is legalized in the United States. https://www.recode.net/2018/2/2/16964742/draftkings-sports-gambling-product-jason-robins
“DraftKings and FanDuel have an early lead in identifying and serving a population of likely bettors. Both say they would welcome the change. DraftKings CEO Jason Robins told Bloomberg in November that it would consider all its options, including becoming a sports book, if the legal restrictions were lifted.” https://www.bloomberg.com/news/articles/2018-01-17/spread-of-legal-sports-betting-could-upend-daily-fantasy-sports
This is exactly why WI lawmakers need to oppose the legalization of Daily Fantasy Sports. “A new daily fantasy sports game that lets users hone in on a single NFL playoff game has some gambling experts wondering if the contest inches the industry closer to the territory of sports betting that remains illegal in most of the United States.” “Many of the new fantasy sports laws don’t even require states to approve new contests.” “None of these states really thought...
“Problem gamblers – no one knows how many exist or cost to the state. Labour deputy leader Tom Watson derides admission and says his party will ‘ask the questions the government is failing to ask’” https://www.theguardian.com/society/2017/dec/05/problem-gamblers-no-one-knows-how-many-exist-or-cost-to-the-state
Here is an excellent insight into how the commercial sports gambling operation works by a gambling insider and why the illegal market grows under a system of legalization: https://www.cdcgamingreports.com/commentaries/its-too-soon-to-start-high-fiving-over-legal-sports-betting/
UPDATE: Supreme Court to Hear Case that Could Legalize Daily Fantasy Sports in U.S.
More than six years after New Jersey voters endorsed legal wagering on football, baseball and other sports events, the U.S. Supreme Court is hearing a case that could make sports betting — already a multibillion-dollar illegal industry — legal in the state and elsewhere. Read more here.
UPDATE: Supreme Court to Hear Appeal of Daily Fantasy Sports Ruling
Supreme Court to Hear Appeal of Daily Fantasy Sports Ruling Every effort has been met with opposition from the National Collegiate Athletic Association and the four major professional sports leagues — Major League Baseball, National Football League, National Basketball Association and the National Hockey League — even as some of the leagues have partnered with daily fantasy sports operations. The Supreme Court will hear an appeal of an August 2016 decision of the U.S. Third Circuit Court of Appeals in...
UPDATE: 40 Percent of Student Gamblers are in Debt
From a country with widespread online gambling: The Gambling Commission’s recent survey of 1,000 U.K. students found that 40% of student gamblers are in debt because of #gambling. Another good reason to oppose Daily Fantasy Sports. Read more here.
What You Need to Know About AB 526/SB 436 – Daily Fantasy Sports
Daily Fantasy Sports has a fundamentally different relationship to chance than do season-long fantasy sports leagues. Daily Fantasy Sports operates on a per-game basis. Therefore, on any given day an injury, a snowstorm, or a ball bouncing strangely could affect a Daily Fantasy Sports result. In this regard, placing a wager with a Daily Fantasy Sports operator is very similar to placing a bet with a bookmaker. This legislation represents the largest expansion of gambling in Wisconsin’s history as it...
A Brief History of Gambling in Wisconsin Wisconsin’s legalized gambling began with the State sponsored lottery and the Legislature’s approval of dog racing. Soon afterward, the state’s Native American Tribes, which had been operating high stakes bingo parlors, entered casino gaming, having won federal government approval in the courts after Congress passed the Indian Gaming Regulatory Act. Gambling flourished, growing exponentially through the 1990s. No one has more than a two hour drive to get to one of Wisconsin’s 22...
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