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New York Attorney General Eric Schneiderman was astonished to see in his research into daily fantasy sports that the leading operators were engaged in deceptive marketing, simply one of the many and varied reasons he’s announced industry illegal.

Day-to-day fantasy sports (DFS) is no longer legal in nyc following an investigation by their state’s lead attorney that is legal market leaders DraftKings and FanDuel both receiving cease-and-desist letters on Tuesday.

‘Our investigation has found that, unlike traditional fantasy activities, daily fantasy recreations companies are involved in illegal gambling,’ New York Attorney General Eric Schneiderman said in a press release.

‘Daily dream sports is neither victimless nor harmless, and it’s also clear that DraftKings and FanDuel are the leaders of the massive, multi-billion-dollar scheme designed to evade the law and fleece sports fans across the country.’

Schneiderman unveiled his office found DFS operators engaging in ‘deceptive advertising to lure customers into an unregulated online gambling operation,’ but said that training wouldn’t carry on his watch.

Sides Square Off

The confrontation between Schneiderman and the two leading daily fantasy operators has quickly taken an ugly and combative turn.

The attorney general of course initiated the quarrel, composing in his cease-and-desist letter that ‘customers are clearly placing bets on activities outside of their contr Read more »



Nj-new jersey iGaming is struggling, despite initially projections that are dazzling the state’s Governor Chris Christie.

Is New Jersey iGaming in big trouble? That’s the stressing concern many people are now asking following the round that is latest of financial reports.

The first piece of news to rock the gaming industry in the Garden State had been that Atlantic City’s brick-and-mortar venues had suffered a profit drop that is year-on-year.

Comparing 2014′s take to 2015′s figures, the resort town’s network of live casinos made $197.7 million in the former, compared to $191.6 million in the latter october.

This disparity represented a 3.1 % decrease and a prospective indication that the city isn’t experiencing the regeneration many had envisioned.

Poker’s Poor Performance

Incorporating to this disappointment had been the revelation that online poker additionally hit a stumbling block in October.

Looking specifically at those numbers, October 2015 was a thirty days that returned 8 % more income than their state’s operators produced in September 2015 ($1,913,403 vs. $1,771,123).

However, while this news was a confident, it absolutely was tinged with another wave of disappointment after it became clear that the month that is latest of operation represented a 2.8 percent year-on-year drop.

In October 2014, New Jersey’s collective of on-line poker sites banked $1,967,905. In contrast, 201 Read more »