Draftkings In Massachusetts
Posted : admin On 7/27/202215 Draftkings Marketing jobs available in Massachusetts on Indeed.com. Apply to Senior Software Engineer, Growth Marketer, Recruiter and more! DraftKings Salaries trends. 228 salaries for 119 jobs at DraftKings in Boston, MA Area. Salaries posted anonymously by DraftKings employees in Boston, MA Area. It was founded in 2007. DraftKings was founded in Boston in 2012 as a purveyor of daily fantasy sports contests, which are are online games that challenge players to build rosters of actual.
[toc]DraftKings and FanDuel will pay more than $2 million as part of a settlement of a Massachusetts investigation into “alleged unfair and deceptive practices” by the two daily fantasy sports sites.
The move comes just before the start of the NFL season. Daily fantasy football constitutes the most important segment for the two DFS operators.
More on the DraftKings, FanDuel settlements
The office of Massachusetts Attorney General Maura Healey conducted the investigation and announced the $2.6 million in penalties on Thursday. Each site will pay $1.3 million to the state. The AG’s office did not specify or elaborate on the practices that resulted in the settlement.
The two sites paid a combined $12 million last year to the state of New York in a similar case.
Healey’s office said that the AG entered into the settlement agreement with the companies as a result of their behavior prior to regulations she implemented in 2016.
“I am glad to have reached these settlements to address various consumer issues that existed at the early stages of this new industry,” Healey said in a press release. “We have since implemented a set of comprehensive regulations that provide consumers with broad-ranging protections and that have served as a model for many other states.”
Many of the 2016 regulations that came from Healey dealt with consumer protection. Massachusetts was the first state to deal with and implement regulation of the DFS industry.
More from the release:
Both DraftKings and FanDuel cooperated throughout the investigation and have made significant changes to their business models to protect consumers with respect to gameplay fairness, protections for minors, responsible gaming requirements, fairness in advertising, and data and funds security. Each company represents that it is now in full compliance with the applicable regulatory requirements.
DFS companies react
Tim Parilla, general counsel for Boston-based DraftKings, offered this statement on the settlement:
DraftKings is pleased to have reached this agreement with the Massachusetts Attorney General’s office and conclude what has been a productive and collaborative process.
Over the last two years, the Attorney General’s office has done an excellent job of working to fully understand DraftKings, our business and the fantasy sports industry. That expertise informed the Massachusetts regulations which have now become the national model for common sense, consumer-focused fantasy sports regulations.
As the Attorney General said, this agreement resolves prior issues that were addressed through new regulations and DraftKings’ implementation of the industry’s most comprehensive compliance and game integrity programs. We are proud of the responsible environment we have created for our consumers and grateful to the Attorney General for working with us throughout this process.
And more from a FanDuel spokesperson:
We have worked closely with the Massachusetts Attorney General’s office in their review of fantasy sports, including their issuance of the first set of consumer protection regulations for our industry, which we were pleased to comply with since their inception in 2016.
FanDuel has worked tirelessly to pass laws in 16 states that solidify the fantasy sports industry and implement many of these same important consumer protections. FanDuel’s efforts have ensured that sports fans are able to continue playing the games they love in a safe, regulated environment and as we head into this football season, we look forward to continuing these efforts.
Can You Do Draftkings In Massachusetts
What was Massachusetts investigating?
As stated above, we don’t know exactly what Massachusetts was looking into. Nor do we know why DraftKings and FanDuel agreed to the settlement.
But Healey’s office affords her wide-ranging powers related to consumer protection. DFS regulations or no, she could have looked into how the companies were operating in the state.
But the template was likely the same as employed in a 2016 settlements in New York with AG Eric Schneiderman. Those settlements resolved “lawsuits alleging false and deceptive advertising practices by the companies.”
There, we saw far more of what the AG’s office alleged and settled with the companies, through theactual agreements. For example, the NY AG found that DraftKings and FanDuel:
- Used advertisements that gave false and misleading statements about the likelihood of players winning DFS contests.
- Claimed to fully match players’ initial deposits but were deceptive in how that money could be available to users.
- Did not take adequate steps to help problem gamblers or provide safeguards to those at risk.
FanDuel and DraftKings did not admit to or deny the findings in the settlement from a legal standpoint. However, it’s fair to guess that Healey was using some of the points brought up in NY.
Settlements in more states?
The settlement in Massachusetts came out of the blue. However, it does not appear likely that other states are poised to join New York and Massachusetts.
First, not state all AGs have the kind of power wielded by Schneiderman and Healey on consumer protection issues.
Second, interest from state AGs has largely waned. While a variety of AGs have declared DFS to be illegal gambling under existing statutes, almost none have taken the same level of interest as in NY or Massachusetts.
Now, legislatures are being left to act on whether to legalize and regulate the DFS industry. Sixteen states have passed such laws to date.
While it’s not out of the realm of possibility, the likelihood of more deceptive advertising settlements or investigations would appear to be low.
Massachusetts may not only legalize sports gambling. The state may eventually become a new hub for online sports wagering.
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In January of 2019, Gov. Charlie Baker proposed a bill that would make Massachusetts the second state in the nation (following the lead of online sports betting in Tennessee) to allow online sports wagering that is unaffiliated with land-based casinos.
What MA sports betting could look like
Unlike most bills legalizing sports gambling, Baker’s proposal would ban any bets on NCAA sporting events. Currently, New Jersey is the only state that restricts betting on NCAA events, and that is only on teams from the state or events taking place within its borders.
Baker’s bill would allow residents anywhere in the state to bet from their smartphones or to place live wagers at recently-opened casino MGM-Springfield. The massive Encore-Boston Harbor is expected to open just outside of downtown Boston in Everett in June of 2019, pending approval by the Massachusetts Gaming Commission (MGC).
The proposal would tax online wagers at a rate of 12.5 percent, whereas bets at live sportsbooks would be taxed at a rate of 10 percent. It is the fifth bill proposed by legislators in the state and one of three bills proposed in January, giving the House options to choose from if it decides to move towards legalized sports betting.
While there is pressure from Massachusetts residents and lobbyists to pass this legislation and compete with the gambling market in neighboring states Rhode Island and Connecticut, the groundbreaking nature of Baker’s proposal is causing some delays.
What still needs to happen?
In April of 2019, the Massachusetts House of Representatives delayed Baker’s bill (which included an overall proposal on the state’s budget for the upcoming fiscal year), signaling a more deliberative approach towards the issues surrounding sports gambling.
The MGC is also investigating allegations of sexual misconduct against Wynn Resorts founder Steve Wynn that could delay the opening of the Encore-Boston Harbor Casino. The commission fined Wynn Resorts $35 million in April for the company’s role in covering up those accusations.
Officials of the Massachusetts State Lottery, which is currently only an in-person business, assert that the Lottery should also be allowed to accept online wagers if the bill is proposed. This adds a wrinkle that the House will have to consider.
There are powerful groups within the Bay State that are lobbying for the passage of this law, including Boston-based DraftKings. The owner of the largest Daily Fantasy Sports (DFS) platform and online sportsbook, DraftKings has a vested interest in legalizing an industry that is currently thriving through illegal avenues.
Massachusetts legislators took a similarly slow approach in 2016 when deliberating on the legality of DFS.
Projected Massachusetts sports betting launch date
While sports betting bills will be up for discussion during the legislative session in May, the House appears to be in no rush to make a decision. The House has until November of 2019 to pass any of the three proposals into law. If legislators decide to ratify Baker’s bill, there could be legal online sports betting available in Massachusetts sometime in 2020.