Can I obtain a fantasy sports license in New York? What are the requirements?

Obtaining a Fantasy Sports License in New York

To obtain a fantasy sports license in New York, you must register with the New York State Gaming Commission pursuant to section 1403 of NYCL PML § 1402 ^[1.1]. The regulations promulgated by the commission shall provide for the registration and operation of contests in New York state and shall include, but not be limited to, responsible protections with regard to compulsive play and safeguards for fair play ^[1.1].

The commission shall establish a process for renewal, and registrations issued by the commission shall remain in effect for three years ^[1.1].

Requirements for Obtaining a Fantasy Sports License in New York

To operate a fantasy sports contest in New York, you must be a registered operator with the New York State Gaming Commission ^[1.1]. Additionally, you must comply with the following requirements:

• You must offer contests only to authorized players who are located in New York state and are not prohibited players ^[1.2].
• You must not offer contests based on any prohibited sports events, which include any collegiate sport or athletic event, any high school sport or athletic event, or any horse racing event ^[1.2].
• You must pay a tax on interactive fantasy sports gross revenue, which is calculated as the amount equal to the total of all entry fees not attributable to New York state prohibited sports events that a registrant collects from all players, less the total of all sums not attributable to New York state prohibited sports events paid out as winnings to all players, multiplied by the resident percentage for New York state ^[1.2].

Please note that the above requirements are not exhaustive, and you should consult the relevant laws and regulations for a complete list of requirements.

^[1.1]: ^[1.2]: #Definitions in NYCL PML § 1401

Source(s):

• [1.1] Registration
• [1.2] Definitions

Jurisdiction

New York

• Gaming