On Monday, several individuals of the gaming industry as well as Governor Brian Sandoval of Nevada met to discuss daily fantasy sports websites and how the industry should move forward within the state. The gaming policy committee was reconvened and representatives from the American Gaming Association as well as DFS operators were on hand to discuss the activity.
Sites such as DraftKings and FanDuel are currently not allowed to operate within the state after the attorney general decided DFS was illegal gambling. In 2015, both DFS sites were able to bring in a total of $2.8 billion in revenues, with close to four million players taking part in the daily contests from around the United States. It was back in October, the ruling was made, stating DFS sites had to have a gaming license to be able to operate within the state of Nevada.
American Gaming Association’s Geoff Freeman stated that to many in Las Vegas, if it looks like a duck and walks like a duck, it must be a duck. Freeman stated DFS looks a lot like gambling and he thinks that is the big issue as if the activity is gambling, how does it need to be regulated?
William Hill CEO Joe Asher was in agreement, stating during the meeting that DFS should be regulated and taxed just the same as traditional sports betting and online poker are with proper consumer protections in place as well as the investigation of operators and the testing of technology used.
FanDuel and DraftKings disagree. CEO of FanDuel, Nigel Eccles, stated that there are three areas in which the DFS sites have concerns about existing regulations. Both FanDuel and DraftKings do not feel they should be governed by the same rules as sportsbooks and casinos. Jason Robins, the DraftKings CEO, stated that if an agreement can be reached, everyone can work together to bolster business.
Members of the committee will be making recommendations about what the state should do in regards to DFS contests.
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