A bill that would regulate and tax daily fantasy sports (DFS) was approved by a wide margin on Monday by New Jersey‘s Democrat-led Assembly.
A 3532, legislation that would oversee the DFS industry, which includes operators such as FanDuel and DraftKings, skated through the state’s Assembly in a 56-15 vote and now heads to the state Senate, as reported by the Associated Press.
As written, the bill would see a quarterly fee of 10.5 percent imposed on DFS providers gross revenues and calls for the Division of Consumer Affairs in the Department of Law and Public Safety to be the licensing body which would be the regulating body and issue permits to fantasy sports operators, including racetracks and casino licensees. Smaller-scale fantasy games between family and…