DraftKings Seeks Casino Partners for Sports Betting

Submitted by Guest on

Written by :

Guest

Published on :

DraftKings Seeks Casino Partners for Sports Betting

ATLANTIC CITY, N.J. (AP) — DraftKings says it has contacted potential casino partners in New Jersey with an eye to offering sports betting if the U.S. Supreme Court legalizes it.

The Supreme Court is considering the state's challenge to a law limiting sports betting to just four states. A ruling could come as early as next week.

DraftKings spokesman James Chisholm said the leading daily fantasy company "is perfectly positioned to succeed in a legal sports betting market."

 

The company says it has 10 million customers, but adds it has no immediate announcements regarding any deal with a casino and didn't mention plans for other states.

It recently opened an office in Hoboken, New Jersey, about two hours from the state's seven casinos in Atlantic City.

DraftKings is one of many companies expected to move quickly to take advantage of sports betting, should it become legal. Another large daily fantasy sports provider, FanDuel, declined to comment on its plans.

In December, three firms that were jockeying for position in a U.S. legalized sports betting market ended their litigation. Scientific Games acquired NYX Gaming in January, and British betting firm William Hill, which initially opposed the merger, agreed to support it.

New Jersey is taking aim at a 1992 law that forbids state-authorized sports gambling in all but four states that met a 1991 deadline to legalize it: Delaware, Montana, Nevada and Oregon. Nevada is the only state to allow single-game wagering.

 

At least 19 states already have authorized sports betting, pending a favorable court ruling, or have introduced legislation that would do so, according to Eilers & Krejcik Gaming, which tracks state-by-state gambling legislation.

Related Content

Wichita's Kansas Star Casino Sees Revenue Growth Increase of 8 Percent in May, Slots Take in $13.7 Million

Wichita Area Kansas Star Casino Sees Revenue Growth Increase of 8 Percent in May, Slots Take in $13.7 Million

Kansas casinos generated $39.8 million in revenue for May, up 5.5% year-over-year with slots accounting for most of the combined figure. The Kansas Star Casino reviews suggest "tight slots".
NyesteCasino.com report on regulation and growth

NyesteCasino.com Reports: iGaming Industry Navigates Dual Pressures of Regulation and Growth

NyesteCasino.com, a leading iGaming analysis resource, released its latest industry overview, highlighting a week defined by intensifying regulatory scrutiny alongside continued global market expansion.
Tucson Arizona Set to Get Its First Casino in November

Tucson Arizona Set to Get Its First Casino in November

Casino Del Sol Vahi Taaʼam on Grant Road at I-10 will likely employ as many as 500 people.
USA Soccer (USMNT) Creates Huge Liability for Sportsbooks in North America

USA Soccer (USMNT) Creates Huge Liability for Sportsbooks in North America

While the possibility of a deep World Cup run from the United States would help generate more betting action, there is one sportsbook praying for an early exit for the host country.