From 'Too Small to Notice' to 'Too Big to Fail': The Rapid Growth of Daily Fantasy Sports and DFS Efforts to Change Illinois Gambling Laws
10 Pages Posted: 27 Apr 2017
Date Written: 2016
These introductory remarks serve as a summary of my conversation at the DePaul Law Review Symposium on daily fantasy sports. The topics discussed in this article include the following: (1) a brief overview of the daily fantasy sports marketplace; (2) an overview of the legal status of daily fantasy sports under Illinois law; (3) an analysis of the Illinois Attorney General letter determining that daily fantasy sports violate Illinois state law; and (4) an explanation and critical evaluation of the Illinois bill that sought to legalize daily fantasy sports. This article ends with some general remarks about the overall state of the daily fantasy sports industry.
Keywords: fantasy sports, daily fantasy sports, gaming, gambling, gaming law, gambling law, sports law, game of skill, Marc Edelman, FanDuel, DraftKings, DFS, Illinois
JEL Classification: K23, L83, Z2, Z20, Z28, Z29, L67, L4, K39, K20, K14, K0, H7, D7, D6, D43, D4
Suggested Citation: Suggested Citation