In a Private Letter Ruling, the IRS concluded that daily fantasy sports are gambling transactions. While this will allow players to deduct entry fees, it is bad news for DFS operators. While all fantasy sports is a form of internet betting, not all of the top DFS sites have mobile apps. And this can be a game changer for players signing up for new accounts. FanDuel and DraftKings both have excellent mobile integration so that players can seamlessly play from their mobile phones wherever they are.

NEW ORLEANS (WVUE) - Gambling may not be for everyone, but Joel Smith says Fantasy Football can make anyone a fan.

“Like my fiancé, she loves football just because of fantasy. I think it’s a great opportunity for one money to be made which is always a good thing especially during these hard times,” Smith said.

With the state legislature approving rules and regulations for fantasy sports betting and setting tax rates, it now clears the way for platforms like Fan Duel and Draft Kings to operate in Louisiana.

“It’s new. The complexities are because of the new technology,” said Michael Noel with the Gaming Control Board.

With 47 of 64 parishes voting to approve fantasy sports betting, while most in the metro area can, not all Louisianans can participate.

The Gaming Control board says bringing the technical aspects online will be the biggest challenge ahead of them by using tools like geofencing to verify participants’ age and location.

“So when you participate in a fantasy sports contest you have to be within one of those voted in parishes and so the technology also confirms your physical location at the time, so those are the pieces that we’ll be working through over the coming months,” Noel said.

Elite Fantasy Betting

“Fantasy sports, the average wager that someone spends here is less than $200 so it’s not a big money,” said Sen. Kirk Talbot.

Louisiana will collect an 8-percent tax on fantasy sports betting to go towards early childhood education.

Senator Talbot says it’s estimated to collect less than 5 million dollars for the state but will make Louisiana more competitive with surrounding states.

With fantasy betting only a piece of the pie, he says the big debate will be on sports betting slated for the spring session.

“That is going to be a huge piece of legislation. It’s going to suck a lot of air in through them and that has a possibility to be very contentious, you have a lot of people who want in on this,” Talbot said.

Gamblers and non-gamblers alike agree if fantasy sports betting brings money back to the state, it sounds like a good bet.

The timeline has leaders hoping fans can cast their fantasy bets for the start of fall’s football season.

Fantasy Betting Games

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Since hockey is not exactly the most popular sport in the world, there are not many locations for NHL fantasy betting. We have found, however, that there are many online betting sites that do offer the wagering on the NHL fantasy leagues, which will provide you with a number of different options with which you can make money. The NHL fantasy leagues are not only a plausible source of money, but they are primarily a way to have fun. If you have enough know how about the game, you should be able to turn your fun into profit - something most people aim to do their whole lives.

Fantasy Betting Site

The majority of online sportsbooks do not offer NHL fantasy betting of any kind, but we have managed to find a few that do. We have extensively tested each of these in order to analyze whether or not they offer a sound service, and we have found that they do in fact provide players with top ranked services. We have tested bonuses, deposit methods, and withdrawals of each sports betting site, all the while engaging in the NHL fantasy options that they offer. Even when they do not offer the fantasy leagues, they will allow you to adopt what you know about the sport into the betting types that are available, all to provide you with a way to have fun and win money all at the same time.

Fantasy Football Betting Site