New York rakes $3M from daily fantasy sports in first five months

New York has hit a flea flicker for a touchdown five months after the state legalizes daily fantasy sports (DFS).

The Times Union reported that New York made the right call to legalize DFS in the Big Apple with data from the New York Gaming Commission showing that the state reaped more than $2.8 million in tax revenues from DFS operators between late August and January.

It would be recalled that the state enacted a law that allows DFS sites to serve New Yorkers on August 3, 2016. Daily fantasy sports companies in New York, however, are operating under temporary permits while the New York regulator irons out the permanent set of DFS rules.

Nine companies have obtained temporary permits. In addition to DraftKings and FanDuel, Yahoo, Fantasy Draft, Draft, DraftDay, Synkt Games, Fanamana and DataForce are authorized to operate.