New York governor signs law allowing daily fantasy sports
“This legislation strikes the right balance that allows this activity to continue with oversight from state regulators, new consumer protections, and more funding for education,” Cuomo said.
The state Gaming Commission planned to post on its website Wednesday instructions for operators of the games to obtain temporary registrations.
In the games, players assemble a roster of athletes in a sport, using the individuals’ actual performance statistics to determine the winner.
FanDuel chief executive Nigel Eccles said that since January, seven other states — Colorado, Indiana, Massachusetts, Mississippi, Missouri, Tennessee and Virginia — also have passed laws clarifying the legality of fantasy sports and setting consumer protection regulations.
Jason Robins, chief executive officer of DraftKings, said the company is excited to have its contests returning to New York and want to thank the “hundreds of thousands of New York supporters for their passion and loyalty over the past several months.”