New Yorkers Can't Play Daily Fantasy Sports on FanDuel Anymoreby
Under legal pressure, the company stops taking deposits in NY
Rival DraftKings says it will stay open to New Yorkers
FanDuel Inc., which earlier today filed suit against the New York Attorney General, said it would no longer accept deposits from players in the state.
The company in a letter to fans said it would begin limiting access to users located in New York “while we pursue the opportunity to be heard in court.” FanDuel said the full slate of this weekend’s contests will run as scheduled.
DraftKings, the other top daily fantasy sports company, said in a statement that it will stay open to New Yorkers "while we pursue all legal options available to prevent the New York Attorney General from denying our customers their right to play the games they love.”
New York Attorney General Eric Schneiderman says the daily fantasy sites are illegal gambling operations and must stop operating in the state.
New York is important to FanDuel and DraftKings, the other top daily fantasy site which also filed suit today. The state accounts for 5 percent of FanDuel’s customers and more than 7 percent for DraftKings, according to the lawsuits. If both companies were to lose their customers in the state, it would cost them an estimated $35 million in annual revenue.