Virginia Is Now 1st State With Law Regulating Fantasy Sports

NBC 5 News

Virginia has become the first state to approve legislation regulating the fast-growing but embattled online fantasy sports industry.

Gov. Terry McAuliffe signed legislation Monday that formally legalizes and regulates sites such as FanDuel and DraftKings.

Virginia is one of several states where DraftKings and FanDuel have pushed for legislation to regulate the relatively new industry.

Fantasy sports are banned in six states, and attorneys general in New York, Illinois and Texas have issued opinions that they are illegal games of chance, though the industry is challenging the New York and Illinois decisions in court.


Copyright AP - Associated Press
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