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Vig & Juice
Vig & Juice is our podcast discussing the history and legality of gambling and sports betting in the U.S.View Channel
Fantasy Sports and Sports Betting Deals
We provide assistance to many of the country’s leading fantasy sports operators in all stages of financing and strategic exits, and in light of its widespread legalization, we are now seeing an uptick in sports wagering related deals as well. We have compiled a list of major industry investors and transactions to provide a snapshot of historical industry investment.View Tracker
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Recent Related Blog Posts
Texas DFS Bill – H.B. 393
H.B. 393 seeks to legalize fantasy sports contests by amending the Texas Penal Code’s definition of “bet” to exclude prizes or awards won in a fantasy sports contest. The language is mostly consistent carve-out language but there are two key additions which could have a material effect on contests currently being offered in the state.
Texas Sports Betting Bill – H.B. 1121
A recent bill authorized by Representative Harold Dutton of Houston on January 12, 2021 seeks to legalize sports betting in Texas. The bill aims to allow authorized permit holders to offer sports betting through their designated electronic platforms.
IRS States That DFS Operators Are Liable For Excise Tax
A recent IRS Internal Memorandum has ruled that DFS operators must pay federal excise taxes on entry fees, a viewpoint that, if enforced, could have widespread effects on the fantasy industry.
“The impediment to action advances action. What stands in the way becomes the way.”
— Marcus Aurelius
Radney Wood Partner
“Curiosity is the spark behind the spark of every great idea. The future belongs to the curious.”