DALLAS - Have you been inundated with commercials for Daily Fantasy Sports?
It's booming around the country, but in Texas, it might be about to bust.
Attorney General Ken Paxton issued an opinion Tuesday that daily fantasy sports are illegal gambling. Paxton joined the AG’s in Illinois and New York in saying Daily Fantasy is gambling.
Not surprisingly, this didn’t sit well at the Fantasy Sports Trade Association winter conference in Dallas Wednesday.
“We think it’s a game of skill. We think it's in line with games that have been played in Texas for many years,” says Ted Kasten, chairman of the Fantasy Sports Trade Association.
Count Dallas Mavericks owner, and fantasy sports investor, Mark Cuban as being on the side of Daily Fantasy.
“I can walk into any poker room in the world and If I pull a straight flush, as long as I know what a straight flush is, I can win,” told the crowd. “That's not true with DFS. When I played DFS it was bad.”
Cuban thinks eventually that Daily Fantasy Sports will be broadly approved and regulated.
“There is so much money involved it’s an easy source of revenue for the states," he said. "There are millions of people who play DFS and here is your chance to speak out."
Paxton’s opinion was non-binding, so your chance at hitting the jackpot in one day--and the commercials will continue.