Early this morning, on the last day of the current session, The New York Assembly passed legislation legalizing daily fantasy sports throughout the state of New York. While the bill still needs to be signed by Governor Andrew Cuomo, its passing is a big win for the entire industry.
The news is important for a few reasons.
Due to the large concentration of daily fantasy sports players in the state (about 10 percent of the national market), New York has always been at the center of the country-wide fantasy sports debate, and is seen as a model for other states in the country.