Draftkings New York

Fantasy sports website DraftKings, which is being put through the ringer by New York Attorney General Eric Schneiderman, will leave the Noho digs that it leased just a few months ago.

The firm will sublease its 23,500-square-foot space at Alvin Flaster’s 400 Lafayette Street in Noho, which the company leased in June.

In fact, DraftKings Sportsbook already has roots in New York as it operates a retail location at the del Lago Resort & Casino in Waterloo, positioning itself well for an eventual online launch.

As the Official Daily Fantasy Partner of the NFL, DraftKings is the best place for all of your fantasy football action. A state appeals court ruled a law allowing daily fantasy sports in New York is unconstitutional. So what happens now? DraftKings New York FAQ New York Sports Betting New York legalized sports betting back in 2019, and the first sportsbooks went live in July of that same year. New York is currently working on legislation that could see the state legalize and allow for online/mobile sports betting. We are regulated by the New Jersey Division of Gaming Enforcement as an Internet gaming operator in accordance with the Casino Control Act N.J.S.A. 5:12-1 and its implementing regulations. Our games are tested by the New Jersey Division of Gaming Enforcement to provide games that are fair and operate correctly.

In November, DraftKings and FanDuel – another billion-dollar fantasy sports site – were ordered to cease operations in New York State by the AG’s office, which accused them providing illegal gambling services.

A spokesperson for Draftkings denied that the decision to vacate the office was related to the company’s legal troubles.

“We have made an operational decision to sublease our space at 400 Lafayette Street,” a spokesperson told Business Insider in an email. “This is a business decision and we are committed to continued operations in New York moving forward.”

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Draftkings New York Office

DraftKings had sought to sublease 10,500 square feet at the space, but changed its mind in November, choosing to occupy the whole area.

The company is asking $72 per square foot. The asking price that DraftKings received was in the high $60s per square foot.

Draftkings New York Reddit

FanDuel, the other company targeted by Attorney General Eric Schneiderman, signed a lease in September for 41,000 square feet at Rockrose Development’s 300 Park Avenue South. [BI] – Ariel Stulberg