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FanDuel First OTT Service Partnership
The online fantasy sports and betting firm FanDuel has formed its first over-the-top partnership with FuboTV.
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From Deadline:
The deal makes FanDuel the exclusive sportsbook, online casino, horse racing and daily fantasy sports partner of the live TV streaming service, with the company also committing to a media buy as the exclusive advertiser on Fubo in those categories. It will also expand FuboTV’s sports offering for consumers when FanDuel’s betting data is integrated on the Fubo platform in the coming weeks.
Initially, odds and other gambling information will only be added to the mix in New Jersey.
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Louisiana Approves Fantasy Sports
Lawmakers in the Louisiana House have backed a regulatory framework and tax rate for online fantasy sports contests for cash prizes, games that were legalized in nearly three-quarters of the state's parishes in November's election.
Forty-seven of Louisiana's 64 parishes supported the ballot measure, making Louisiana the 42nd state to allow online fantasy sports betting. With websites such as DraftKings and FanDuel, people create imaginary teams of real-life sports players and score points based on how those players perform in actual games. The sites charge an entry fee and offer payouts to winners.
Before Louisiana residents can start participating in the fantasy sports betting sites, lawmakers must enact the rules and taxing plans, which are contained in two bills by Republican Rep. Kirk Talbot, of River Ridge. They won House passage in separate votes Tuesday and Wednesday.
The regulatory framework measure passed with exactly the two-thirds support it needed to reach the Senate, with Talbot urging his colleagues to back the proposal.
"The people have spoken," he said. "Please help me regulate this thing the way it should be regulated."
The House supported the legislation with a 70-28 vote Tuesday.
Fantasy sports contest operators would have to get a license from the state Gaming Control Board and players of the games would have to be at least 21 years old. The games couldn't involve high school or youth athletic events. Any fantasy sports operator who allows someone underage to bet on its sites would face civil penalties and license revocation.
The rules would take effect July 1.
- Don Shapiro, Gambling911.com
