New Massachusetts Lottery executive director considers DFS
Michael Sweeney, the new executive director of the Massachusetts Lottery, has confirmed that the organisation will consider legalising fantasy sports betting in the US state in an effort to generate additional revenue.
Sweeney has been named executive director on a full-time basis having served in the role in the interim since July of this year, following the exit of predecessor Beth Bresnahan.
“Working closely with Michael over the last several months, it became clear that his previous experience at both the local level and within the treasurer’s office has prepared him for the challenge of leading the most successful lottery in the country,” Massachusetts Lottery treasurer Deborah Goldberg said.
Shortly after being confirmed as the new executive director, Sweeney said in an official report that the Lottery will now work with the state to investigate the resources and technology needed to create its own daily fantasy sports (DFS) offering.
Sweeney said that if the state was to launch a DFS service, it would be operated with a focus on fairness and player protection.
He added: “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.”
Sweeney also said the state would commit to protecting the growth of the DFS industry, acknowledging the current level of expansion within the market.
He said: “It is the single largest source of unrestricted funds - nearly $1 billion (€919.1 million) - to the Commonwealth’s 351 cities and towns.”