New Jersey To Consider DFS RegulationTourism And Gaming Committee To Look At Games |
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Some New Jersey lawmakers are planning to meet Monday to consider possible regulation of the daily fantasy sports industry.
The Assembly Tourism and Gaming Committee will hold the public hearing, which will feature representatives from DraftKings and FanDuel, according to Press of Atlantic City.
Last month, Nevada became the sixth state to ban DFS sites. Arizona, Louisiana, Iowa, Montana and Washington State also don’t allow the sites. States like Illinois, California, New York, Florida, Pennsylvania and Massachusetts have signaled that they’d also consider regulation over a ban.
DFS has an exemption from federal law pertaining to online gaming.
According to Eilers Research, daily fantasy games will generate around $2.6 billion in entry fees this year and grow by 41 percent annually. The market could reach $14.4 billion in 2020.
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