The New York State Gaming Commission issued temporary permits to five major daily fantasy sports operators on August 22, 2016, allowing DraftKings, FanDuel, Yahoo, FantasyDraft, and Draft to resume operations in the state of New York. The timing is key as this occurs before NFL season kickoff and the Major League Baseball playoffs. This development constitutes a huge win for these operators as well as the professional sports leagues holding an equity interest in DraftKings or FanDuel and the franchises holding sponsorship deals with those operators.
The permits are the final step in a lengthy and contentious process to establish rules for daily fantasy operators in the state of New York. Last October, New York Attorney General Eric Schneiderman began an inquiry into daily fantasy, which concluded with the AG’s Office issuing cease and desist letters to DraftKings and FanDuel. Shortly thereafter, the issue was taken to the courts where the AG’s Office sought an injunction prohibiting DraftKings and FanDuel from operating in New York. Continue Reading Welcome Back: New York State Gaming Commission Issues Temporary Permits to Five Daily Fantasy Operators