At Vela Wood, we have substantial knowledge of several different areas of gaming law and have significant experience counseling and providing legal opinions on federal and state law relating to fantasy sports.
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Sports & Gaming
Texas Amendment Would Open Door For Commercial Casinos

On February 8, 2021, San Antonio Democratic Senator Roland Gutierrez filed Senate Joint Resolution 36 (SJR 36 or hereafter, the “Amendment”) in an effort to amend the Texas Constitution and thus pave the way for commercial casinos in Texas. If […]

Fantasy Sports & Gaming
IRS States That DFS Operators Are Liable For Excise Tax

A recent IRS Internal Memorandum has ruled that DFS operators must pay federal excise taxes on entry fees, a viewpoint that, if enforced, could have widespread effects on the fantasy industry.

Fantasy Sports & Gaming
Five Things to Consider Before Starting Your DFS Company

Have a great idea for the next big thing in fantasy sports? There are a few things you should know before diving in head-first.

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Vig & Juice

Vig & Juice is our podcast discussing the history and legality of gambling and sports betting in the U.S.

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Legislation Trackers
Fantasy Sports and Sports Betting Deals

We provide assistance to many of the country’s leading fantasy sports operators in all stages of financing and strategic exits, and in light of its widespread legalization, we are now seeing an uptick in sports wagering related deals as well. We have compiled a list of major industry investors and transactions to provide a snapshot of historical industry investment.

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Fantasy Sports Legislation Tracker
Legislation and regulation for fantasy sports is constantly changing. Let us monitor legislation for you, state by state.
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Sports Betting Legislation Tracker
Legislation for sports betting is constantly changing. Use this tracker to learn the latest regulations for your state.
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Lead Attorneys

“Vela, stop shooting so much.”

– Coach Cranfill

Kevin Vela Partner

“The impediment to action advances action. What stands in the way becomes the way.”

— Marcus Aurelius

Radney Wood Partner

“Curiosity is the spark behind the spark of every great idea. The future belongs to the curious.”

– Unknown

Blake Hart Senior Attorney
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