
States to Tax Fantasy Sports’ Exponential Growth
Desperate for revenue, several states are making a major push to regulate and tax so called “daily fantasy sports,” such as New York’s FanDuel and Boston’s DraftKings.

Desperate for revenue, several states are making a major push to regulate and tax so called “daily fantasy sports,” such as New York’s FanDuel and Boston’s DraftKings.

The Assembly Governmental Organization Committee voted unanimously this week in favor of advancing AB 431. The positive vote marks the first time that the legislature has moved a digital gambling bill towards a floor vote that could allow widespread sponsorship by Native American casinos, horse tracks and poker of online gambling.

Some critics of New Jersey Governor Chris Christie accuse him of stalling a plan to bring one of the world’s largest online gambling companies to Atlantic City because Christie does not want to alienate Sheldon Adelson, the billionaire owner of the Las Vegas Sands Corp., which operates physical casinos.