A New York appeals court delivered a blow to companies like DraftKings and FanDuel Thursday, ruling that fantasy sports contests are illegal gambling, and therefore unconstitutional.
But it may be up to the state’s highest court to determine what happens next with a 2016 law that said daily fantasy sports isn’t gambling.
For now, FanDuel said it anticipates business as usual. “We expect that there will be an appeal and we’ll be able to continue to offer contests while that appeal is decided,” a company spokeswoman said in a statement.
DraftKings made $213 million in 2019, and the daily fantasy ...
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