Fantasy sports bill moves forward in New Jersey, falters in Alabama

The battle for the legalization of daily fantasy sports (DFS) in the states of New Jersey and Alabama within the past week has resulted to a mixed bag.

Over in New Jersey, majority of Assembly members has voted in favor of a legislation that will regulate DFS and impose a quarterly fee of 10.5 percent of gross revenues on fantasy sports providers.

According to the Associated Press, the Democrat-led New Jersey Assembly voted 56-15 in favor of A3532. Three members, however, abstained from the vote.

The legislation, sponsored by Assembly members Vincent Mazzeo, Ralph Caputo, John Burzichelli, and Paul Moriarty and co-sponsored by Thomas Giblin, is somehow similar to the bill that have either been filed or passed in several other states.

Full credit to calvinayre.com Please read more here.

The Daily Payoff
Authored by: The Daily Payoff
Website: Tanner Simkins

Leave a Reply

Your email address will not be published. Required fields are marked *