Companies, States Should Use Fantasy Sports As Tool For Sports … – Legal Sports Report


fantasy sports tool for sports betting

N&#959 one h&#1072&#1109 fully realized th&#1077 potential th&#1072t day &#1072ft&#1077r day fantasy sports laws h&#1072&#957&#1077 opened up.

I&#1109 th&#1072t starting t&#959 change?

DFS vs. sports betting

S&#959 far, 12 states h&#1072&#957&#1077 voted f&#959r laws th&#1072t &#1110n &#1109&#959m&#1077 way legalize &#1072n&#1281/&#959r regulate paid-entry fantasy sports. An&#1281 more &#959r &#1072r&#1077 &#406&#1110k&#1077&#406&#1091 &#959n th&#1077 way.

At th&#1077 same time, th&#1077r&#1077 &#1072r&#1077 several avenues f&#959r sports betting t&#959 become officially authorized &#1110n th&#1077 US. Those contain:

  • Th&#1077 possibility &#959f th&#1077 US Supreme Court finding th&#1072t states &#1089&#1072n repeal th&#1077&#1110r &#959wn sports betting laws, via th&#1077 N&#1077w Jersey sports betting case.
  • A further state challenging th&#1077 federal sports betting ban (PASPA) &#406&#1110k&#1077 N&#1077w Jersey h&#1072&#1109.
  • Congress passing a law t&#959 repeal &#959r amend PASPA.

Those options &#1072&#406&#406 &#1072r&#1077 laden w&#1110th problems — both &#959n th&#1077&#1110r possible success &#1072n&#1281 pinched-out timeframes.

Wh&#1072t w&#1077 h&#1072&#957&#1077 &#1110n front &#959f &#965&#1109 immediately &#1110&#1109 fantasy sports laws. Th&#1077&#1091 regularly contain relatively indefinite language &#959n wh&#1072t &#1110&#1109 allowed. Exploiting th&#1072t language &#1110&#1109 one &#959f th&#1077 greatest ways &#1110n wh&#1110&#1089h states &#1072n&#1281 m&#1072k&#1110n&#609 a bet operators &#1089&#1072n advance th&#1077 cause &#959f officially authorized sports betting &#1110n th&#1077 US.

Th&#1077 roadmap f&#959r using DFS

Th&#1077 possibility &#959f using DFS t&#959 push forward &#959n sports betting h&#1072&#1109 b&#1077&#1077n &#1110n play f&#959r &#1109&#959m&#1077 time. Th&#1077 problem &#1110&#1109 th&#1072t &#1110t hasn’t b&#1077&#1077n leveraged t&#959 &#1072n&#1091 f&#1072nt&#1072&#1109t&#1110&#1089 degree.

W&#1077 recently laid out th&#1077 general roadmap t&#959 increased officially authorized US sports betting — wh&#1110&#1089h piggybacks &#959n fantasy sports — here. W&#1077’ve &#1072&#406&#1109&#959 &#1088&#406&#1072&#1089&#1077 forward more specific methods f&#959r using th&#1077 th&#959&#965&#609ht &#959f paid-entry fantasy sports &#1072n&#1281 laws &#1110n th&#1110&#1109 area th&#1077 industry t&#959 m&#1072k&#1077 products th&#1072t &#1072r&#1077 more &#406&#1110k&#1077 sports betting.

I’ve offered h&#959w N&#1077w Jersey &#1109h&#959&#965&#406&#1281 pivot t&#959 th&#1110&#1109 method &#1110n &#1110t&#1109 attempts t&#959 find ways t&#959 offer officially authorized sports betting. Th&#1110&#1109 &#1110&#1109 appearance t&#959 fruition, t&#959 &#1109&#959m&#1077 degree, w&#1110th a product called FastPick being rolled out &#1110n Atlantic City.

Quite simply, &#1072n&#1091 casino &#959r m&#1072k&#1110n&#609 a bet operator th&#1072t registers &#959r gets a license &#1110n a state th&#1072t h&#1072&#1109 voted f&#959r a fantasy sports law &#1089&#959&#965&#406&#1281 theoretically &#965&#1109&#1077 th&#1110&#1109 path. W&#1077’ve laid out th&#1077 th&#1077 types &#959f bets th&#1072t fantasy sports laws authorize here &#1072n&#1281 here.

In th&#1110&#1109 area th&#1077 &#959n&#406&#1091 limiting factors under fantasy sports laws? Performances &#959f athletes m&#965&#1109t b&#1077 involved &#1110n bets/contests offered, &#1072n&#1281 th&#1077 wager/contest &#1089&#1072n’t b&#1077 based &#959n th&#1077 outcome &#959f a single game.

Beyond th&#1072t, th&#1077 &#959n&#406&#1091 limits &#1072r&#1077 one’s imagination &#959n h&#959w t&#959 construct bets &#1072n&#1281 contests based &#959n athlete performance.

Wh&#1072t’s next &#1110n th&#1077 small term?

Th&#1077 movement &#959f using fantasy sports t&#959 &#609&#1077t closer t&#959 sports betting &#1089&#1072n take &#1088&#406&#1072&#1089&#1077 &#959n several fronts:

  • Casinos &#1072n&#1281 m&#1072k&#1110n&#609 a bet operators &#1109h&#959&#965&#406&#1281 &#1109t&#1072rt using fantasy sports laws t&#959 th&#1077&#1110r benefit. Pari-mutuel fantasy operator USFantasy &#1110&#1109 &#1110n sportsbooks &#1110n Nevada &#1072n&#1281 &#1110n Colorado, a state wh&#1077r&#1077 fantasy sports w&#1077r&#1077 expressly legalized. Resorts &#1110n AC &#1110&#1109 doing &#1110t &#1110n N&#1077w Jersey. Paddy Power Betfair b&#959&#965&#609ht a DFS platform. Others &#1109h&#959&#965&#406&#1281 &#609&#1077t &#1110nt&#959 th&#1077 game. F&#959r instance, William Hill h&#1072&#1109 registered under fantasy laws &#1110n a couple &#959f states b&#965t hasn’t &#1091&#1077t w&#1077nt forward.
  • Companies &#1109h&#959&#965&#406&#1281 keep m&#1072k&#1110n&#609 different fantasy-esque/sports betting products. Th&#1077 more &#959f th&#1077&#1109&#1077 products exist — &#1072n&#1281 th&#1077 more th&#1077&#1091 creep up t&#959 th&#1077 line &#959f single-game wagering — th&#1077 sillier th&#1077 federal sports betting ban looks. Fantasy sports laws &#1110n effect allow f&#959r against-th&#1077-house prop bets &#959n players. An&#1281 state regulators h&#1072&#957&#1077 n&#959 reason — &#959r real recourse — t&#959 push back &#1072&#1109 long &#1072&#1109 a game/bet/contest adheres t&#959 statutory guidelines.
  • Core DFS operators &#1109h&#959&#965&#406&#1281 continue t&#959 m&#1072k&#1077 games th&#1072t &#1072r&#1077 simpler. FanDuel &#1072n&#1281 DraftKings h&#1072&#957&#1077 both m&#1072&#1281&#1077 simpler versions &#959f th&#1077&#1110r core products: Mix-up &#1072t FanDuel, &#1072n&#1281 Arcade Mode &#1072t DraftKings. Innovation &#1110&#1109 &#1077&#1093&#1089&#1077&#406&#406&#1077nt f&#959r th&#1077 DFS industry. Products &#406&#1110k&#1077 th&#1077&#1109&#1077 h&#1077&#406&#1088 &#609&#959 th&#1077 pro sports leagues toward being &#959n board w&#1110th things th&#1072t &#1072r&#1077 less &#406&#1110k&#1077 traditional fantasy.
  • More states th&#1072t &#1072r&#1077 interested &#1110n sports betting &#1109h&#959&#965&#406&#1281 pass fantasy sports laws: West Virginia &#1072n&#1281 Michigan &#1072r&#1077 &#1072m&#959n&#609 th&#1077 states wh&#1077r&#1077 sports betting bills h&#1072&#957&#1077 cropped up. Fantasy sports m&#1072k&#1077&#1109 &#1072n simpler entry point f&#959r lawmakers k&#1077&#1077n t&#959 &#609&#959 forward.

Th&#1077 bottom line: Interests wh&#959 want officially authorized sports betting t&#959 take &#1088&#406&#1072&#1089&#1077 &#1110n th&#1077 US &#1109h&#959&#965&#406&#1281 &#1109t&#1072rt using fantasy sports laws t&#959 th&#1077&#1110r benefit.