PASPA<\/a>, New Jersey’s horse racetracks and Atlantic City casinos could be up and running sportsbooks before the year’s end. Numerous states would be expected to quickly follow the Garden State’s lead and pass their own sports wagering regulations.<\/p>\nIf that happens, the need for DFS would presumably disappear. Regardless, DraftKings CEO Jason Robins said earlier this month that he’s “hopeful” the Supreme Court will come down on New Jersey’s side.<\/p>\n
Business Model Redo<\/b><\/h2>\n
When DraftKings and FanDuel spent a combined $500 million in advertising in 2015, the chances of the Supreme Court deciding to review sports betting seemed slim to none. But with casinos continuing to expand across the US, and NBA Commissioner Adam Silver and MLB Commissioner Rob Manfred saying it’s time to review and potentially regulate sports gambling, the public opinion seems to be changing as well.<\/p>\n
The University of Massachusetts Lowell found in a poll last fall that a majority of Americans support ending the federal sports betting ban.<\/p>\n
DraftKings, which already has an established base of fans who are accustomed to making bets online, would seem to be well positioned to enter the online sports betting space with traditional point spreads, moneylines, over\/unders, and more.<\/p>\n
\n
While Robins is excited for the future, he doesn’t believe DFS will fully disappear. “Fantasy will continue to grow, and may be able to grow faster,” the CEO explained.<\/p>\n<\/div>\n
Since both DraftKings and FanDuel are private companies, it’s difficult to pinpoint where overall revenues stand. But a recent analysis from\u00a0Eilers & Krejcik Gaming <\/i>found that both operators have become largely stagnate in terms of paid contest entries.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"DraftKings is preparing its company for life after the US Supreme Court potentially repeals the current federal ban on sports betting. The daily fantasy sports (DFS) provider announced this week that it has hired its first “Head of Sportsbook,” with Sean Hurley the man appointed to the position. Hurley comes to the DraftKings from London-based […]<\/p>\n","protected":false},"author":42,"featured_media":71394,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,14007,16,1074],"tags":[],"acf":[],"yoast_head":"\n
DraftKings Hires Sportsbook Exec Ahead of US Supreme Court Decision<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n