SUBSCRIBERS

Fantasy sports games make a play for legitimacy in US

Published Sun, Mar 20, 2016 · 09:50 PM
Share this article.

Richmond, Virginia

FANTASY sports, the lucrative online industry that blends virtual worlds with professional sports, was looking for an easy target and found one in Virginia.

Conditions were favourable: Virginia has no casinos or entrenched gaming interests to throw up a roadblock, and it had well-connected lobbyists available for hire and a business-friendly governor, Terry McAuliffe (Democrat).

And two weeks ago, the industry succeeded in persuading lawmakers to make Virginia the first state to regulate fantasy sports, lending legitimac…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Lifestyle

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here