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The daily fantasy sports gambling industry is pressuring officials to pass a bailout that actually costs taxpayers. According to COGFA these Internet gaming giants would each pay just $900,000 in state taxes, but they could afford $500 million in television ads last year.
 
Taxpayers may actually have to subsidize regulating online sports wagering. The Illinois Gaming Board doesn’t know how much it will cost to oversee this new form of online gaming.
 
The state is facing an unprecedented budget crisis, but two out-of-state companies, which the Attorney General said broke law, want you to give them valuable Internet gaming licenses.
 
Everyone but paid fantasy sports operators agree, it’s gambling:
 

• Comedian John Oliver thinks it’s gambling
• Attorneys General across the country decided it’s been illegal gambling
• NFL great Joe Namath says it’s gambling
• The Chicago Crime Commission believes it’s gambling

 
Proponents are telling elected officials a fantasy, but the budget crisis is real. Don’t make it worse and pass a fantasy sports bailout that actually costs the state money.
 
Click here to read the COGFA revenue estimate.