Nevada drops hammer on daily fantasy sports betting sites

Perhaps the Silver State is not a fan of the incessant daily fantasy sports betting commercials that blanket American football commercial breaks like Tobacco ads during the Don Draper days.

The Las Vegas Review Journal was first to report that regulators in Nevada have banned daily fantasy sports websites this afternoon.

Discussion immediately commenced at the SBR Posting Forum, where for the most part sports bettors look down upon daily fantasy sports maniacs, who are competing in fields that are littered with professionals and up until recently employees armed with information that classifies as insider trading.

The Nevada Gaming Control Board released a statement explaining that they've determined that fantasy sports betting constitutes sports gambling - to the surprise of no one in the entire universe - and that operators must possess a license to conduct sports betting issued by the Nevada Gaming Commission.

Sportsbook Review interviewed NJ State Senator Raymond Lesniak yesterday who took the sports leagues to task for their hypocritical stance on fantasy sports betting and opposition to sports betting, and remarked that it is "a distinction without a difference".

Nevada Gaming Control Board Chairman A.G. Burnett had the following to say:

"Therefore, since offering DFS in Nevada is illegal without the appropriate license, all unlicensed activities must cease and desist from the date of this Notice until such time as either the Nevada Revised Statues are changed or until such entities file for and obtain the requisite licenses to engage in said activity."

Fancy speak for if the state is not getting a cut, the activity is illegal.

Nevada's decision comes at a time when New York Attorney General Eric Schneiderman is investigating both FanDuel and DraftKings following the insider trading scandal that has threatened the growth of the nascent industry.

Sportsbook Review released a report on October 7 that compared how the fantasy scandal differs from bookies betting at other sportsbooks.

 
 

 


 

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