In a decision that feels just a bit ironic, the Nevada Gaming Control Board ruled daily fantasy sports sites like DraftKings and FanDuel are forms of gambling and will now require a license to function in the state.
As a result of this ruling, DraftKings and FanDuel have shut down operations in Nevada.
If those sites, and others that offer similar services, continue to operate without obtaining a gaming license, they will be slapped with fines, and their operators could receive 10-year prison sentences.
AG Burnett, chairman of the NGCB, said,
In a statement, FanDuel said it's "terribly disappointed that the Nevada Gaming Control Board has decided that only incumbent Nevada casinos may offer fantasy sports."
Justine Sacco, director of communications for FanDuel, added,
Despite some negative publicity and multiple lawsuits regarding the gaming sites' employees playing in the other site's fantasy pools, DraftKings and FanDuel had their best weeks of 2015 just last Sunday.
We'll have to wait and see how this latest blow impacts their numbers.