A New York lawmaker wants to expand fantasy sports games and update rules to keep pace with fan preferences and changes in the market.
“We can do so much better,” said state Sen. Joe Addabbo (D-Queens), chairman of the Racing, Gaming and Wagering Committee, who is pushing a new bill on the popular pastime.
Daily fantasy sports are competitions in which people battle each other online for prizes by building a team of professional athletes from a professional league.
The proposed law advanced by Addabbo would allow the state Gaming Commission to license a broader set up of operators to generate $150 million in new revenue over several years by charging a $5 million license fee to new operators and a renewal fee of 1% of gross revenues every five years.