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Contests & Promotions Fantasy Sports

Klein Moynihan Turco LLP

New York Senator Introduces Novel Fantasy Sports Law Amendments

On April 11, 2024, New York Senator Joe Addabbo introduced a bill proposing major changes to New York’s fantasy sports law. S9044 seeks to alter the landscape of fantasy sports contests in New York in several ways. As our...more

Proskauer Rose LLP

Three Point Shot - May 2022

Proskauer Rose LLP on

Welcome to Three Point Shot, a newsletter brought to you by the Sports Law Group at Proskauer. Three Point Shot brings you the latest in sports law-related news and provides you with links to related materials. We hope you...more

Dickinson Wright

Gaming & Hospitality Legal News, Volume 12, Number 14: Internal Revenue Service Makes Determination Regarding Tax Liability for...

Dickinson Wright on

In recent months, the Office of Chief Counsel of the Internal Revenue Service (“IRS”) has published guidance concluding that Daily Fantasy Sports (“DFS”) contests are wagering transactions for U.S. federal tax law purposes. ...more

Fox Rothschild LLP

IRS Memo: Daily Fantasy Sports Are Wagers Subject To Excise Taxes

Fox Rothschild LLP on

“Nothing can be said to be certain, except death and taxes.” ? Benjamin Franklin. This familiar phrase resonates for daily fantasy sports (DFS) operators following the release of a July 23, 2020 Internal Revenue Service...more

Harris Beach PLLC

New York State Appeals Court Finds Daily Fantasy Sports Law Unconstitutional

Harris Beach PLLC on

Last week, the New York Supreme Court's Appellate Division dealt a blow to a law authorizing daily fantasy sports contests in the state, by ruling the law directly violated the state constitution's prohibition on gambling. ...more

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