A blunt letter to the chief executive officers of FanDuel Inc. and DraftKings Inc. from the Georgia Lottery Corp. questions the legality of their gambling operations in the Peach State. It asks what “legal authority” the companies think they have to “independently operate fantasy sports games within the state of Georgia pursuant to Georgia law.”
InsiderAdvantage obtained a copy of the Sept. 23 letter written by Georgia Lottery Corp. senior vice president and general counsel Joseph J. Kim to both companies which declares that “various Georgia criminal statutes appear to be implicated because fantasy sports clearly fall within the state law definition of ‘bet.’” Kim writes that under state criminal statutes “bet” means an agreement that, dependent upon chance even though accompanied by some skill, one stands to win something of value.
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