A study led by a professor at Kansas State University has concluded that daily fantasy sports (DFS) is not a simple game of chance, but requires a great amount of skill. The study, which will be published in the Journal of Sports Science, urges Kansas legislators to not classify DFS as gambling. The decision could also spill over into other states that are looking into creating better definition of what is and what isn’t considered gambling. The study points out that, “Whether or not individuals in a state can participate in daily fantasy sports has a massive economic and societal…

Daily fantasy sports, long living in a legal gray area in many states, are now 100 percent OK in Pennsylvania — and 15 percent taxed. Six fantasy sports sites, including DraftKings and FanDuel, are registered to legally operate under a state law that went into effect Saturday and was part of a larger statewide gaming expansion. But don’t sweat, players: Competitors on those six sites aren’t likely to see any change in play and won’t need to reregister. “As far as the game participation for the player, they’re really not going to see anything different than they have before,” Gaming…

New Jersey has joined the expanding list of US states that have passed legislation that allows and regulates daily fantasy sports (DFS). State Governor Chris Christie signed bill A-3532 yesterday (Thursday), after it was given approval by the Senate back in June. New Jersey becomes the 16th state in the US to legalise DFS within its borders. DFS operators will be subject to a tax rate of 10.5% on all revenue collected via activities in New Jersey. Citing the Office of Legislative Service, the New Jersey Law Journal has reported that legalised DFS could help generate up to $6.6m (€5.6m)…

Maine has become the 15th US state to legalise paid-for daily fantasy sports (DFS) contests. DFS is now classed as a ‘game of skill’ in Maine and operators that wish to offer such services in the state will need to have revenue of more than $100,000 (€84,700) and pay a licensing fee of $2,500. Other measures set out by the state include companies having to pay a tax rate of 10% on gross revenue in Maine, while DFS operators will not be able to offer contests on collegiate or other amateur events. In a statement published by the LegalSportsReport.com website,…

The clock is now ticking on Gov. Chris Christie officially signing A3532, a bill regulating daily fantasy sports (DFS) that was passed by the New Jersey Senate on Friday, June 30. The measure, which sailed through the chamber by a comfortable 29-6 margin, would tax DFS operators at a rate of 10.5 percent of gross revenues each quarter. Initial estimates are that the bill would net the Garden State approximately $6.6 million per year. If passed, the bill would classify DFS as a non-gambling game of skill, which means that its oversight would not fall to the Division of Gaming…

The Indiana Gaming Commission (IGC) granted DraftKings, FanDuel and FantasyDraft the permission to operate in the state as the three companies had temporary licenses whilst waiting for a final resolution. Despite the good news for the three biggest operators in the country, thirteen companies suspended their business in the state after they didn’t apply to get a permanent license. All of them had temporary permissions, but Sara Tait, Executive Director of the Indiana Gaming Commission had announced that every party had plenty of notice that they should end operations in the state as of July 1. Companies that want to…