Lawmakers across the country rushed to pass daily fantasy sports (DFS) legislation when it first appeared on their radar back in 2015. Within two years, 19 states passed DFS legislation.
The legislative progress DFS made in such a short period of time is laudable. However, the end result was near-universal bad legislation.
States are learning that instead of the promised riches, the amount of money earned from DFS is equivalent to the amount of water you can get out of a stone.
Even more egregious is the realization that the way they crafted their DFS laws now allows DFS operators and companies to push the envelope even further. Everything from de facto parlay wagering like FastPick to single-game DFS slates is now ostensibly legal, all thanks to laws that were more or less written by the industry and rushed through state legislatures.
A couple years later, many of these same states are now rushing to legalize traditional sports betting. So far, most of that introduced legislation is just as flawed.
The post Sports Betting Legislation Needs To Avoid, Not Repeat, DFS Mistakes appeared first on Play USA.