Court to rule on banning order
FanDuel verdict due as NY attorney general orders return of stakes
New York state attorney general Eric Schneiderman has demanded the daily fantasy sports giants FanDuel and DraftKings pay back all of the money New Yorkers have lost to them.
The order came in an amended lawsuit filed late on Thursday against the two online companies and ahead of a key hearing tomorrow over the controversial ban that he imposed on the sites from operating in New York.
The outfits raked in more than $200 million in entry fees from at least 600,000 customers in New York in 2015 alone, and the Manhattan Supreme Court suit has demanded it all be returned, along with whatever was spent in previous years.
The suit also seeks “a civil penalty of up to $5,000 for each violation” of state law. It is thought this could surpass $3 billion for the two sites, according to sources in the US.
The ban was first ordered in November when the AG filed a “cease and desist” letter to each company. A temporary injunction on 11 December stopped them from operating in the state. Hours later, FanDuel, headquartered in Edinburgh and run by husband and wife co-founders Nigel and Lesley (pictured) Eccles, obtained a stay on the injunction pending a hearing scheduled for Monday.