A Quote by Eric Schneiderman

Unlike most traditional, season-long fantasy sports sites, which make most of their money from administrative fees and advertising, FanDuel and DraftKings take a cut of every bet. That is what bookies do, and it is illegal in New York.

Eric Schneiderman

Quote Topics

Administrative Advertising Bet Cut Every Fantasy Fees Illegal Long Make Money Most New New York Season Sites Sports Take Traditional Unlike Which York

Quote Author

Eric Schneiderman
American - Politician
Born: December 31, 1954

Our investigation has found that, unlike traditional fantasy sports, daily fantasy sports companies are engaged in illegal gambling under New York law, causing the same kinds of social and economic harms as other forms of illegal gambling and misleading New York consumers.

Eric Schneiderman

Our review concludes that DraftKings'/FanDuel's operations constitute illegal gambling under New York law.

Eric Schneiderman

Daily fantasy sports is neither victimless nor harmless, and it is clear that DraftKings and FanDuel are the leaders of a massive, multi-billion-dollar scheme intended to evade the law and fleece sports fans across the country.

Eric Schneiderman

Whether you're raising money for a cause, a personal need, or a project, most crowdfunding sites center on you hitting up people you already know. These sites make it easier to tap your social network for funds, but only the most compelling cases inspire support from strangers.

Charles Best

There are so many websites I read; I look at everything from Slashdot to Ars Technica to the business technology sites, major newspapers like the 'New York Times,' and my local papers where I live, which cover the sports teams I'm involved with. There are about 20 sites we go to regularly, and I do use Twitter and Facebook as well.

Paul Allen

As a general rule, Las Vegas sports books take boxing bets only on major fights.The same is true of most Internet gaming sites. Within that framework, not only does boxing allow participants to bet on their own bouts, it sometimes encourages them to do so.

Thomas Hauser

Today, we see some "file sharing" sites that rely on fans uploading cracked copies of ebooks, and which then make money off those books by charging for downloads (via cash subscriptions or advertising). Again: I take a dim view of this. They're making money off the back of my work without paying me.

Charles Stross

With this new stupid Supreme Court ruling, secret money can come in on an unlimited level from corporations. Nobody knows where it comes from. That distorts the political situation in our country tremendously. Most of that money is spent on negative advertising that is tearing down the character and reputation of your opponent, and it works, although most American people say, "We don't like negative advertising," it works.

Jimmy Carter

Money is flowing out of traditional advertising into experiential, social, and sports.

Richard Edelman

Daily fantasy sports is much closer to online poker than it is to traditional fantasy sports.

Eric Schneiderman

The 'New York Daily News' called me the most reviled athlete ever in sports history in New York. I don't listen to them.

Stephon Marbury

Just stop at one of these construction sites and look and see who those workers are. They're all Hispanic ... And I bet you they're illegal.

John McCain

Half the money I spend on advertising is wasted; the trouble is I don't know which half. Advertising is the most fun you can have with your clothes on.

Jerry Della Femina

While, to me, daily fantasy is in no way sports betting, it's certainly a cousin of sports betting in that it attracts many of the same type of people who would otherwise choose to bet on sports.

Adam Silver

Daily fantasy sports operators claim that they operate legally under Alabama law. However, paid daily fantasy sports contests are, in fact, illegal gambling under Alabama law.