Amid fears the popularity of fantasy sports betting sites could threaten casino and lottery revenue across America, the Massachusetts Lottery’s new executive director, Michael R. Sweeney, has decided ‘if you can’t beat them, join them.’ In a report, he stated “by engaging a next-generation player [with its own fantasy game], the Lottery will be creating a new revenue source as opposed to eroding existing offerings”, adding that protecting the growth of the institution was necessary as “it is the single largest source of unrestricted funds - nearly $1 billion - to the Commonwealth’s 351 cities and towns.”
Read more...