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Industry
October 20, 2020
IRS: DFS Entry Fees Should be Subject to Federal Excise Tax
The industry of daily fantasy sports (DFS) is facing a significant threat to its very existence, a comprehensive analysis of recent developments outlines. And that threat comes from the internal revenue service (IRS) which came up twice for the last 4 months with statements that DFS represents wagering and should be subjected to federal excise […]
Sports
October 14, 2020
DFS Weekend Chaos as Data Outage Leaves Players on the Dark
Fans of daily fantasy sports (DFS) had a weekend to forget, as an outage in the data turned all participants blind as to what was happening and who stood wherein the ranking. The issue with Stats Perform significantly disrupted contests across multiple platforms and caused players to vent their frustration. Delays in Scoring Delays for […]
Sports
August 15, 2020
DraftKings & FanDuel May Face Millions in Excise Tax Annually
A major shake-up for the daily fantasy sports (DFS) industry is looming after the decision by the Internal Revenue Service (IRS) that the entry fees for the competitions must be subjected to federal excise tax, threatening to affect large DFS and sports book operators such as DraftKings and FanDuel. An internal memorandum from the Office […]
Sports
August 1, 2020
Yahoo Sports Becomes NBA Official Marketing Partner
The NBA and Yahoo Sports will develop a range of sports and fantasy betting products, integrations and content together as Yahoo is now the official marketing partner for the association. Yahoo Joins as NBA’s Official Marketing Sponsor The National Basketball Association (NBA) has signed up a deal with Yahoo Sports with the latter becoming the […]
Esports
April 4, 2020
DraftKings Launches eNASCAR Daily Fantasy Contest
The latest addition to the fantasy lineup features a DraftKings-run contest covering the eNASCAR Bristol Motor Speedway this Sunday. DraftKings Adds eNASCAR Fantasy Contest After successfully introducing a Counter-Strike fantasy game, DraftKings is now adding an entirely new product for the eNASCAR series. With Nevada giving an official go-ahead to both competitions as official events […]
Legal
February 7, 2020
Daily Fantasy Sports Contests Declared Illegal By New York Court
Last Thursday, a New York State appeals court delivered a ruling that has cast yet another shadow of uncertainty on the future of daily fantasy sports betting in the state. According to the court’s ruling, a law that was signed by Governor Andrew M. Cuomo back in August 2016 is unconstitutional. The law in question […]