AG Healey sets fantasy sports betting rules for Bay State

Printed from: http://newbostonpost.com/2016/03/25/ag-healey-sets-fantasy-sports-betting-rules-for-bay-state/

BOSTON (AP) — The attorney general of Massachusetts has finalized what she calls the most comprehensive rules in the nation for daily fantasy sports operators.

The regulations issued Friday by Democrat Maura Healey are largely the same as those she proposed in November. They set a minimum age of 21 for participating in the online contests and bar games based on college or other amateur sports.

The rules officially take effect July 1 and do not require legislative approval.

Players won’t be able to deposit more than $1,000 into their online accounts each month. Operators will be required to offer “beginner” contests for less skilled players.

Boston-based DraftKings says it will “fully comply” with the rules.

DraftKings and New York-based FanDuel had objected to some of the provisions, including the 21-year-old age restriction.

On Monday, both companies voluntarily stopped accepting bets in New York state, at least until the state Legislature has a chance to consider measures to regulate the activities there. New York was among the biggest markets for the companies, with hundreds of thousands of players.

Written by Bob Salsberg

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