ALBANY, N.Y. (WIVB) — Fantasy sports companies have caused quite a bit of controversy in the state this past year. On Tuesday, Attorney General Eric Schneiderman announced a $12 million settlement with DraftKings and FanDuel.
Both companies have agreed to pay $6 million in fines related to false advertising. After a year-long investigation, Schneiderman says that both DraftKings and FanDuel “consistently misled consumers in advertisements.”
“Today’s settlements make it clear that no company has a right to deceive New Yorkers for its own profit,” Schneiderman said. “DraftKings and FanDuel will now be required to operate with greater transparency and disclosure and to permanently end the misrepresentations they made to millions of consumers. These agreements will help ensure that both companies operate, honestly and lawfully in the future.”
In the past, the legality of fantasy sports in New York has been questioned. Fantasy sports companies were cleared to resume activities in the state this past August.
MORE | See the FanDuel settlement here and the DraftKings settlement here.