J.T. Foley Becomes Executive Director of Coalition for Fantasy Sports
J.T. Foley, an executive from Las Vegas Sands, has been named as the first executive director of the Coalition for Fantasy Sports.
J.T. Foley to become executive director of the Coalition for Fantasy Sports.
LISTEN TO THIS ARTICLE:While at Las Vegas Sands, Foley managed the company’s political and governmental affairs across numerous regions, both within the United States and internationally. He was essential in pushing forward Sands’ expansion plans and shaping gaming laws in states such as Pennsylvania, Florida, Kansas, Kentucky, Georgia, Texas, and New York. Additionally, Foley was central to the 2016 legislation that led to the construction of Allegiant Stadium.
Expressing his excitement about the new role, Foley said that he looks forward to collaborating with member companies to develop laws conducive to industry growth. He highlighted the coalition’s dedication to leading on consumer protections and educating new daily fantasy sports providers to create and maintain a safe and legal environment.
The Coalition for Fantasy Sports
The Coalition for Fantasy Sports includes four companies: Underdog Fantasy, PrizePicks, Betr, and Dabble. Major industry players FanDuel and DraftKings are not members, having diversified into other sports wagering products.
Fantasy sports involve participants creating virtual teams of real professional athletes, with outcomes based on actual game statistics. In Nevada alone, about 11,000 active players spend over $4 million annually on fantasy sports.
Jeremy Levine, co-CEO and founder of Underdog, praised Foley, noting that his extensive knowledge and experience would be invaluable as the daily fantasy sports market continues to grow. Levine is optimistic that Foley’s leadership will help the group reach its full potential and bring clarity to the industry.
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Foley to Remain in Las Vegas
Though the Coalition for Fantasy Sports is headquartered in Virginia, J.T. Foley will remain based in Las Vegas. It is still uncertain if he will address the regulatory challenges faced by the fantasy sports industry in Nevada, which has strict gambling regulations. Foley has stated that his primary goal is to enable millions of fans to enjoy fantasy sports freely.
He aims to achieve this by expanding the industry and working closely with regulators and lawmakers across various states. By fostering collaboration and advocating for fair regulations, Foley hopes to create a more favorable environment for the growth of fantasy sports nationwide.
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