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DFS New York Fine Can Be Around $3 Billion

DraftKings and FanDuel fined in the US

New York Attorney General Eric Schneiderman amended his lawsuit against DraftKings and FanDuel.

DraftKings and FanDuel can expect a DFS New York fine that can be as high as $3 billion according to US gambling news. Schneiderman announced the alteration of the lawsuit before the January 4 deadline, when DFS sites had to cease their operation in New York.

This came after State Supreme Justice Manuel Mendez gave the nod to Schneiderman’s attempt to block DraftKings and FanDuel in New York. The Attorney General argued that the DFS sites were operating illegally according to US gambling laws. Justice Mendez agreed with him on the matter, though DraftKings and FanDuel insisted that they weren’t operating gambling activities, saying that daily fantasy sports are rather games of skill instead.

DFS New York fine can be $5,000 per users

Schneiderman revealed that now he seeks the companies to pay back any buy-ins made by New York residents in 2015. On the top of that, he wants a $5,000 fine per users. Given that there are around 600,000 players participating in daily fantasy games, the DFS New York fine can be as high as $3 billion.

DFS operators DraftKings and FanDuel continue to argue that they offer a game of skill. However, Schneiderman said that the way these DFS sites are operated, marketed, advertised and positioned rather more resembles to online gambling activities. DraftKings legal representative David Boies commented the news suggesting that Schneiderman just doesn’t understand how DFS competitions work. He said that the Attorney General’s lawsuit is based on “fundamental misunderstanding of such competitions”.

The status and future of daily fantasy sites is still unsure in the United States. If you have any doubts about them, try some of the legal online sportsbooks in the US, where your winning chances are considerably higher!

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