“We understand that the gaming industry is important to Nevada and, for that reason, they are taking this exclusionary approach against the increasingly popular fantasy sports industry,” DraftKings said in a statement. Has vociferously campaigned against the daily fantasy sites. Sheldon Adelson, the chief executive of Las Vegas Sands The companies, meanwhile, made clear they think the decision was more on competitive grounds than anything else. Nevada does say it would allow daily fantasy sports sites to file for a license to operate in the state.
The sites argue that, under the Unlawful Internet Gambling Enforcement Act, they offer games of skill and not chance that don’t fall under gambling laws. The ruling was that daily fantasy sports meets the definition of a game or gambling and that they need a license to operate. Burnett, chairman of the Nevada Gaming Control Board, said Friday that an analysis of these sites has been going on for months. Nevada joins Arizona, Iowa, Louisiana, Montana and Washington in not permitting fantasy sports sites.Īlso read: Fantasy sports scandal is more like front running than insider tradingĪ.G.
