NY attorney general declares daily fantasy sports gambling and illegal

Attorney General Says DraftKings and FanDuel Must Cease Operating

Well, daily fantasy sports has suffered a huge blow.

After opening a probe into daily fantasy sites DraftKings and FanDuel recently, New York attorney general Eric Schneiderman has declared that daily fantasy sports is gambling and illegal.

He has also demanded that DraftKings and FanDuel must cease operations and taking action in New York.


This is an absolutely huge blow to daily fantasy sports. While many have contended that they should have the right to play daily fantasy sports and that it is a game of skill, Schneiderman's investigation has concluded that it is an illegal practice and must cease immediately.

SEE MORE: Fans are overwhelmed with daily fantasy ads

The fallout of this is big as both companies have offices in New York and FanDuel has their headquarters there. Losing the New York customer base could be potentially crippling to the company, especially if other states follow suit and if the federal government rules it illegal.

Whatever may be next FanDuel or DraftKings certainly does not look promising at this point for their future. Daily fantasy sports has exploded over recent year, but it might be finally be exploding for good.


2 Point Lead: DraftDuel

College Football Week 11 power rankings
Watch Russell Westbrook tear up a basketball rim
Twitter isn't sure what to think about Iowa

Read Full Story

Sign up for Breaking News by AOL to get the latest breaking news alerts and updates delivered straight to your inbox.

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.