NYSGC settlement requires Underdog to pay $17.5m and leave New York
Underdog Fantasy agreed to pay $17.5m and cease operations in New York under a settlement following the New York State Gaming Commission’s findings about its fantasy sports offerings. The company will pay in 12 instalments from 1 April, with the final payment due by 1 January 2028; Underdog disputed the commission’s interpretation and said its application for a permanent licence remains under review.
The settlement requires Underdog to exit New York while its permanent fantasy sports licence application remains pending.