Lawmakers Mull Rules For Daily Fantasy Sports

“These are games of skill, skill that rewards knowledge of sports”, said Griffin Finan, an attorney for DraftKings, one of the nation’s two largest operators, along with FanDuel.

But the industry says the average player pays out $2 to $6 in entry fees for a game, and like any skill activity, every player has a chance to improve. “Unless you are pretty sophisticated, you are going to lose your money”, Levine said, according to the AP.

Due to the lower takeout rates offered by DFS, Ehalt says that they “would make better financial sense for a gambler, except, of course, that DFS games are not gambling – wink, wink”.

Schoenke added that winning requires “judgment-making skills similar to a coach or a general manager”.

California lawmakers are the latest to wade into the issue, which sprang to public attention after an onslaught of advertising at the start of the National Football League season last September.

DraftKings Inc has delayed its planned product launch for the United Kingdom fantasy sports market, pushing back its release to “early next year”.

The case has cast doubt on DFS in other states across the USA, with Nevada also ruling that DFS companies can not operate in the state without a valid gambling licence.

Information Assemblyman Adam Gray plans to use this as guidance during the next session when introducing legislation to protect consumers.

Representatives said they are eager to work with lawmakers – to a point. The companies won a temporary reprieve allowing them to keep operating through January.

“In California, we have an opportunity to lead the way and to set the tone for how to balance consumer protections with consumer demand, ” he says. “We will add new sports and games to our burgeoning roster of offerings and further connect fans to their favourite teams and players”.