World Series Of Poker, DraftKings End Partnership

One of the leading daily fantasy sports sites decided to stop advertising with the World Series of Poker, just days after Nevada gaming regulators said the sites couldn’t offer games within Silver State borders unless they receive a sports book license.

The New York Times reported late last week that DraftKings ended its partnership with the world’s preeminent poker tournament series. The DFS industry, which will generate around $2.6 billion in entry fees this year and could reach $14.4 billion in 2020, according to Eilers Research, has been under the microscope by a handful of states who are pondering whether the contests constitute gambling.

DraftKings and the WSOP partnered in 2014.

Fantasy sports played on the Internet have an exemption from federal law pertaining to gambling, but states have their own gambling statutes as well.

“In light of last week’s news in Nevada, DraftKings asked us to cease any sponsorship activities around the remaining few WSOP events of the year, and we complied,” the WSOP’s Seth Palansky told The New York Times.

DraftKings offered a $27 satellite to the main event this year. That’s how November Niner Max Steinberg got into the $10,000 buy-in no-limit hold’em championship.

Nevada is the sixth state to prohibit DFS sites. Arizona, Louisiana, Iowa, Montana and Washington State are the other jurisdictions where the businesses don’t offer their respective products.

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