Letter: Why the NGC ruling on daily fantasy sports is a good thing! | TahoeDailyTribune.com

Letter: Why the NGC ruling on daily fantasy sports is a good thing!

Nevada has now set a tone that other states can decide to follow. If other states’ gaming boards determine the same, this will slowly creep into other questions regarding this part of the statement: “… licensees should exercise discretion in participating in business associations with DFS operators that have not obtained Nevada gaming approvals.”

What does that mean?

Other states’ gaming departments can now determine if they want their legislative bodies to draft up laws so that DFS operators can operate in their states. States love revenue and this is what this is all about … tax revenue!

If states start to require DFS operators to obtain state licenses to operate, that is going to push PASPA to the forefront for judicial and/or congressional review again.

Don’t freak out about what NGC has stated about DFS groups; this is going to help get the ball rolling so more of you can freely choose to gamble or invest.

Once SB443 rules and regulations are set (hopefully within days), you too can participate in the continuing evolution of sports betting!

Matt Stuart, founder/managing member

Bettor Investments, LLC

Reno, Nev.

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