RE:Murray proposes bills to make DFS legal in NY Sure looking like New York will approve Fantasy leagues . They just wanted their cut. They need all the funding they can get , state is broke broke broke ! Take New York, with its $78.4 billion in outstanding bond debt and estimated $81 billion in unfunded obligations for state-employee pensions and retiree health care. The idea seems to be that the Empire State would go “bankrupt,” figure that it can afford only, say, 80 percent of this number — and get a judge to lop off 20 percent.
Ha. The complications of the municipal-bond markets make this plan hopelessly naive
https://nypost.com/2011/01/24/bankruptcy-no-cure-for-broke-states/