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TagResults 1 - 10 of 40 for sports. (0.03 seconds)

Appeals court hands loss to New Jersey sports betting effort
A federal appeals court on Tuesday dealt another defeat to New Jersey's years long attempt to legalize sports betting, setting aside the state's legal challenge to a federal betting ban. The 3rd U.S. Circuit Court of Appeals' ruling invalidated a law passed by New Jersey in 2014 that would have allowed sports betting at casinos and racetracks. The court found New Jersey's law violated the 1992 Professional and Amateur Sports Protection Act, which limits sports betting to the handful of states ...
Aug 9, 2016, 11:07 am - Lottery News forum

New York Governor signs bill to allow daily fantasy sports
Gov. Andrew Cuomo signed a bill into law Wednesday to allow the resumption of daily fantasy sports in New York. The measure calls the popular online contests a game of skill. That legal definition resolves the central argument in a lawsuit brought against the country's two top fantasy-sports companies by the state attorney general. He had likened the online matches to illegal gambling operations based on chance. This legislation strikes the right balance that allows this activity to conti ...
Aug 4, 2016, 8:56 am - Lottery News forum

New York State lawmakers vote to legalize fantasy sports
Months after being halted by the New York attorney general, daily fantasy sports won a major victory early Saturday as state lawmakers moved to legalize the online games. Gov. Andrew M. Cuomo, a Democrat, has not yet indicated that he will sign the bill, but the final legislation included proposed modifications from his staff, suggesting at least some degree of support. Eric T. Schneiderman, the attorney general who first declared war on the industry last fall, declaring fantasy sports to ...
Jun 18, 2016, 2:53 pm - Lottery News forum

Maryland may be 1st to hold fantasy sports referendum
Maryland would become the first state to let voters decide whether the popular but controversial phenomenon of Internet fantasy sports betting is fully legal, under a bill now pending in the legislature. But if the House of Delegates decides not to put the matter to referendum or if the referendum happens and voters say no another pending bill would explicitly ban the practice, which has been debated all over the country. Nearly 30 legislatures are considering proposals to regulate, ban or af ...
Mar 25, 2016, 4:06 pm - Lottery News forum

Virginia becomes first state to formally legalize daily fantasy sports
Virginia Monday signed into law the Fantasy Contests Act, a bill outlining how daily fantasy sport sites like DraftKings and FanDuel can operate legally in the state. The law is the nation's first formal recognition of the industry after months of heated legal activity in multiple states. Regulators and lawmakers around the country have sought bans on the websites on the grounds they constitute illegal online gambling. The Virginia legislature first approved the new bill in February. Governor ...
Mar 7, 2016, 9:24 pm - Lottery News forum

Las Vegas woman wins $100,000 on $5 NFL parlay bet
Only the 2nd bet she has ever made One of the biggest long shots in betting history will be cashed on Wednesday afternoon when Tayla Polia gets paid $100,005 for her $5, 15-leg NFL parlay that came through this week. The 26-year-old Polia, who moved to Las Vegas two months ago, got 20,000-to-1 odds on the parlay card on betting firm William Hill's mobile site. She cashed in by being on the right side of the point spread in 14 games and correctly picking the over in the Steelers-Broncos gam ...
Dec 26, 2015, 1:42 pm - Lottery News forum

Fantasy sports sites back in business in N.Y. after appeal
DraftKings Inc. and FanDuel Inc. can continue doing business in New York for now, after an appeals court halted a trial judge's order to temporarily halt daily fantasy games in the state. An appeals judge on Friday granted the companies a reprieve until an appellate panel has a chance to rule on a request to block the temporary ban while the companies challenge it. Final papers in this first stage of the appeal are due Jan. 4, said Joshua Schiller, a lawyer for DraftKings, meaning New York ...
Dec 11, 2015, 5:16 pm - Lottery News forum

NY judge sides with attorney general against fantasy sports websites
New York convinced a state court late Monday to reject demands from DraftKings and FanDuel two popular fantasy sports operators to issue restraining orders blocking the state attorney general from making good on his threats to shut them down in New York. The state's attorney general, Eric Schneiderman, is demanding that the world's leading online fantasy sports wagering websites stop operating in New York because he claims they're too much like a lottery, even though New York operates a state ...
Nov 17, 2015, 10:44 am - Lottery News forum

NY attorney general says that DraftKings and FanDuel constitute illegal gambling
The New York State attorney general on Tuesday ordered the two biggest daily fantasy sports companies, DraftKings and FanDuel, to stop accepting bets from New York residents, saying their games constituted illegal gambling under state law. The cease-and-desist order by the attorney general, Eric T. Schneiderman, is a major blow to a multibillion-dollar industry that introduced sports betting to legions of young sports fans and has formed partnerships with many of the nation's professional spo ...
Nov 11, 2015, 11:08 am - Lottery News forum

Massachusetts Lottery considers its own online fantasy sports game
The Massachusetts Lottery is considering developing a daily fantasy sports game as the online competitions have exploded in popularity and faced increased scrutiny about their legality. Michael Sweeney, the lottery's executive director, said exploring options amid such games' legal ambiguity is necessary if state lotteries are to remain viable in a changing gambling landscape. Until such time as it becomes absolutely clear that this is illegal, we have an obligation to really grapple with ...
Nov 9, 2015, 9:26 am - Lottery News forum

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