New York Calls Halt to Fantasy Sports Wagers

DraftKings and FanDuel, the big players in the growing daily fantasy sports business, were ordered to stop accepting bets in New York by the state’s attorney general. The attorney general, Eric Schneiderman, said fantasy sports was illegal gambling under state law.

The two companies have become major advertisers, spending hundreds of millions of dollars on TV commercials this year. They also sponsor segments on sports shows, including some on ESPN, and have received investments from big media companies including Comcast. 

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Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.