If States Want Revenue From Fantasy Sports, They Need To Get Creative – bet365.com_bet356娱乐场网址_滚球投注

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Home/DailyFantasySports/IfStatesWantToPayForTheirBudgetsWithFantasySports,TheyNeedToGetCreativeIfStatesWantToPayForTheirBudgetsWithFantasySports,TheyNeedToGetCreative

DustinGoukeronAug31,201710:10PDT@dustingouker

Contents1Connecticut,thebudgetandfantasysports2Whatfantasysportslawsdo3Statesshouldbeactiveactors,insteadofpassiveonesSomestateshaveoverestimatedexactlyhowmuchmoneynewfantasysportslaws16inallnowwillprovidetotheircoffersintheformoffeesandtaxes。

Butgenerally,politicianshavenottiedthosediscussionstoanystatebudgets。

Statesacrossthecountryhavebeendealingwithrevenueshortfallsoflate,andtheyareseekingallsortsofanswers。

InConnecticut,atleastsomelawmakersareeyeingdailyfantasysportstobeapartofthesolution。

ButcountingonDFSforanysortofmeaningfulrevenueforthestatewouldbesillyatleastinthemodelstateshaveemployedsofar。

Buttherecertainlyarewaysthatstatescanleveragefantasysportsmovingforward。

Thatsiftheyarewillingtobreakthemold。

Connecticut,thebudgetandfantasysportsConnecticutisinaprotractedbudgetstalemate。

Itslookingatallsortsofsolutionsforcomingupwithrevenue,includinganumberofincreasedornewtaxes。

Accordingtoonemediaoutletinthestate,theHouseDemocrattaxplanincludesprovisionsforfantasysports。

Thestorydoesntmentionataxonrevenue,butalicensingfeeapparentlyisinplay。

Theideathatsitespayingfeestooperateinthestatewouldmakeadentinabudgetthatisinexcessof$18billion(withab)islaughable。

Inabest-casescenario,Connecticutwouldbeluckytogeneratesixfigures,withafantasysportslicensingfeeofsay$50,000。

(ThatsanumberthatseveralstatesVirginia,DelawareandIndianalandedupon。

)Butitsnotclearhowmanysiteswouldponyupthatkindofcashforaccesstoamarketwithlessfourmillionpeople。

DraftKingsandFanDuelwouldpayit。

Buthowmanyotherswould?

Evenwithatax,theamountofrevenuethatastatecouldrealizeisrelativelysmall。

Thatsbecausetheindustry,asawhole,generatesonlyabout$300million。

Andthatseverywhere。

Thereareplentyofgoodreasonstopassfantasysportslawstooverseethecurrentmarket。

Consumerprotectionsandestablishinglegalclarityfortheindustryareamongthem。

Butrevenueforthestate?

Notsomuch,atleastasthingscurrentlystand。

ButtheresnoreasonforthespacenottoiterateandinnovateinawaythatcouldhelpstateslikeConnecticut。

Thefirststep:Identifyingthescopeofthosefantasysportslaws。

WhatfantasysportslawsdoFantasysportslawsaroundthecountryallowforfarmorethanwhatmostoperatorsoffer。

Whilethesalary-capmodelofDraftKingsandFanDuelisdominantcurrently,theresnothingthatsaysfantasysportshastobedonethatwayinanyofthelawstodate。

Infact,thelawsonthebooksareextremelylenientinwhatcanbelegallycalledafantasycontest。

Mostofthoselawsallowforthingsthatareakintopropbettingonplayers。

However,almostnoonehasexploredthefullextentoffantasysportslawssofar。

AnewproductinNewJerseycalledFastPickisthefirsttoreallytry。

(ItsalsothefirsttimeacasinoResortsAtlanticCitychosetoofferafantasy-styleproductoutsideofNevada。

)Itmeetstherequirementsofstatelaws。

Butitjustasksuserstopickthreetotenplayersinaseriesofmatchupsagainstthehouse,inwhatamountstoparlaybettingonplayerperformances。

TheplatformthatpowersFastPickSportADhasdesignsoneventuallyenteringotherstateswithfantasylaws。

Regardless,thepointisthis:TherearecertainlypossibilitiesoutthereforleveragingfantasysportswithouthavingtocopyorcompetewithDraftKingsandFanDuel。

Statesshouldbeactiveactors,insteadofpassiveonesConnecticutisalreadyeyeingthepossibilityoflegalsportsbetting,viaalawpassedthisyear。

ButthatwilldependonavictorybyNewJerseyinitscasetolegalizesportsbettingthatisinfrontoftheUSSupremeCourt?

(orachangetofederallaw)。

Neitherofthosethingsisacertaintyintheshortorlongterm。

Insteadofwaitingaroundtoseewhatwillhappen,stateshaveoptions,viafantasysports,intheinterim:Authorizestatelotteriestoofferfantasysportsproducts?

Takingtheliteralconstructionoffantasysportslaws,lotteriesshouldbeabletoeasilydevisesimple-to-playfantasygames。

Ortheycanworkwithoperatorsthatcanordothisalready。

WhilelotterieshaventhadmuchtodowithsportsoutsideofOregon,DelawareandMontana(andrelationshipswithNFLteams),theresnoreasontheycantbeinvolvedmoremovingforward。

Encouragecasinostoofferfantasysportsasaplaceholderforsportsbetting?

Somestatelawshavemadeprovisionsforcasinosorothergamingfacilitiestoofferfantasysports。

Stateregulatorsshouldbeworkingwithcasinosandtrackstoallowthemtousefantasylawstotheirfullestextent。

(SeeFastPickandNJforanexample。

)Statesbenefitwhentheircasinosaredoingwell。

FantasylawstodatehavemostlyaimedatregulatingDraftKings,FanDuelandotherDFSoperators。

Andmakingsuretheyarelegal。

Butthatsashort-sighteduseoftheselaws。

AndstateslikeConnecticutandotherslookingfornewrevenuestreamsfromlotteriesandgamingshouldbeleveragingtheopportunitiesthatfantasysportscanprovide。

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DustinGouker-

DustinGoukerhasbeenasportsjournalistformorethan15years,workingasareporter,editoranddesignerincludingstopsatTheWashingtonPostandtheD。

C。

Examiner。

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