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Home - Economy & Business - California AG poised to crush billion-dollar fantasy sports activities trade
Economy & Business

California AG poised to crush billion-dollar fantasy sports activities trade

By Admin26/06/2025No Comments3 Mins Read
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California AG poised to crush billion-dollar fantasy sports industry
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Steinberg Sports activities and Leisure CEO Leigh Steinberg discusses the escalation of cash flowing into faculty soccer on ‘Making Cash.’

California’s prime authorized authority is shifting ahead in a push to rid the state of sweepstakes on line casino video games. 

Legal professional Common Rob Bonta will introduce an opinion that might make all on-line fantasy sports activities platforms unlawful in California, KCRA-TV reported.

The Golden State just isn’t the primary U.S. state to suggest laws that might eradicate the help or promotion of on-line casinos that function in a sweepstakes-like vogue.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM

California Legal professional Common Rob Bonta speaks to the media after commencement ceremonies for the College of Social Ecology at UC Irvine in Irvine, Calif., June 16, 2025. (Paul Bersebach/MediaNews Group/Orange County Register through Getty Photos / Getty Photos)

Louisiana and New York have offered proposals on the subject, whereas Connecticut and Montana have enacted legal guidelines that ban on-line fantasy sports activities operations.

LEGALIZING SPORTS BETTING IN TEXAS WOULD PAY HUGE DIVIDENDS, STUDY SAYS

The California Nations of Indian Gaming Affiliation and Tribal Alliance of Sovereign Indian Nationals reportedly warned California lawmakers earlier this week about some fantasy sports activities operators doubtlessly pushing to have their authorized standing modified within the state.

It stays unclear whether or not different sorts of on-line gaming might be affected because of these proposals and legal guidelines. In a authorized sense, conventional fantasy sports activities range from conventional on-line gaming. On-line fantasy sports activities successfully require individuals to play a sport of ability, so courts have dominated it’s authorized.

DraftKings logo

The DraftKings brand (Pavlo Gonchar/SOPA Photos/LightRocket through Getty Photos / Getty Photos)

Fantasy sports activities gamers usually choose a staff of real-life athletes from the NFL, MLB, NBA, NHL and different skilled leagues and obtain factors primarily based on the statistics of the athletes they picked.

In response to KCRA-TV, the California Division of Justice’s opinion will probably be made public earlier than the Fourth of July vacation.

Every day fantasy sports activities and skill-based sports activities gaming platform corporations Betr, PrizePicks, Underdog Fantasy, Dabble and Splash Sports activities, make up the Coalition for Fantasy Sports activities. The group launched a press release in response to the information of the anticipated authorized opinion. 

FanDuel logo

FanDuel’s brand on a telephone (Pavlo Gonchar/SOPA Photos/LightRocket through Getty Photos / Getty Photos)

“We hope the legal professional basic’s workplace will contemplate the views of sports activities followers throughout the state earlier than making a call,” the coalition stated in a press release to the station. “Californians have been taking part in day by day fantasy sports activities video games for greater than a decade, and it’s surprising to assume that the state would abruptly take them away.”

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Fantasy sports activities in California date again to not less than the early 2000s. It stays to be seen how the multibillion-dollar trade’s backside line might be affected if laws banning on-line fantasy sports activities is enacted.

billiondollar California crush Fantasy industry Poised Sports
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