Daniel Barbarisi’s new book, Dueling with Kings, chronicles the rise for the DFS industry as well as the governmental and appropriate battles it had to fight in New York before regulation could occur.

Daniel Barbarisi’s new book, Dueling with Kings, chronicles the rise for the DFS industry as well as the governmental and appropriate battles it had to fight in New York before regulation could occur.

Nyc State is the 2nd biggest DFS market in the world, after California, whoever effort that is legislative control failed in 2016.

Taxes had been collected on significantly more than $18.6 million in gross revenue from New York’s licensees, at a levy of 15 per cent, plus yet another smaller income tax that doesn’t exceed $50,000 annually per operator.

The vast bulk of that haul arises from market leaders DraftKings and FanDuel, although, in all, ten companies obtained temporary licenses to work shorty after New York Governor Andrew Cuomo signed the state’s DFS bill into legislation in August year that is last.

Fantasy Aces Scandal

Along with DraftKings and FanDuel, Yahoo, Fantasy Draft, Draft, DraftDay, Synkt Games, Fanamana and DataForce are authorized to run.

The tenth, Fantasy Aces, had been plunged into bankruptcy in early February, and later admitted to failing to segregate its players’ money from its operating funds, in violation of its certification.

The New York Gaming Commission had time that is little audit the company, since its DFS licensing regime had been so new, but its considered to be investigating. We are able to just hope that, if such incidents occur later on, they’re caught swiftly by the regulator’s checks and balances.

Regulation, after all, must swing b (suite…)

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