HOLLYWOOD, Calif., July 5, 2016 /PRNewswire-USNewswire/ -- The Sports Vote, a campaign by The New Sports Economy Institute (NSEI), publishes a detailed commentary and analysis on the missed June 30, 2016 deadline for legalization of daily fantasy gambling in New York. The following is an excerpt:
When DFS was in deep trouble back in March, they cut a deal with New York Attorney General Eric Schneiderman. The heart of the agreement was that if DFS is legalized in New York by June 30, 2016, Schneiderman was going to drop all claims other than those that related to advertising. Otherwise, the parties were going back to court. Here is the key excerpt:
"In the event that New York State does not expressly legalize DFS Paid Contests on or before June 30, 2016, the Parties will continue the Actions…"
The Actions are the courts cases per the definitions in the Settlement Agreement. Translated to plain English, the agreement was that the parties are going back to court if legalization does not happen by June 30. Did legalization happen? It did not. Passing a bill alone does not make anything legal unless it becomes law. A bill becomes a law when the governor signs it…
June 30 has come and passed and Governor Cuomo still has not signed the DFS bill. In fact, it appears he has not even called it in yet.
Bernie Nicholls says: "Having played in the NHL, July 1st is always on my mind as free agency is a very important time for most teams and their fans. I always watch closely regardless of whether or not I was playing. The day or two leading up to and after are always filled with anticipation. This year was a little different for me as I was anticipating what 'was' to be a very important decision coming out of New York on daily fantasy gambling. Now, I know that DraftKings and FanDuel have attempted a victory lap but that's jumping the gun. New York Governor Cuomo hasn't signed the bill nor has he even hinted he would. That means that daily fantasy gambling missed the June 30, 2016 deadline and therefore STILL illegal in New York. If we still have laws, Attorney General Schneiderman should soon be taking this up in the courts where it belongs. A deal is a deal and daily fantasy blew it."
Read the rest here: http://tinyurl.com/draftkingsfanduelfail
Contact Jason Henry – The Sports Vote Media Relations
iPhone (705) 772-7066 or Email
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nhl-legend-bernie-nicholls-says-draftkings-and-fanduel-blew-it-and-remain-illegal-in-new-york-300293973.html
SOURCE The Sports Vote