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Should SCOTUS repeal PASPA, as expected, it should allow state-by-state regulation of sports betting. This won\u2019t be a market free-for-all \u2013 rather, states will create allow existing licensed casinos to open sports books on their premises in partnership with sports betting operators.<\/p>\n<\/div>\n
Only New Jersey and Pennsylvania would be in a position to offer online sports betting, which would be the most attractive option for DraftKings.<\/strong><\/p>\nWith limited licenses up for grabs, DraftKings will face stiff competition from companies like William Hill, for example, which has offered both land-based and online sports betting in various jurisdictions around the world for many years.<\/p>\n
DFS and Sports Betting Customers One and the Same<\/strong><\/h2>\nNevertheless, DraftKings has 10 million registered customers, many thousands of whom are New Jersey residents. DraftKings CEO Jason Robins said recently DFS and sports betting customers are the same demographic, and that his company would offer both products should sports betting become legal.<\/p>\n
“Most of the people I know who bet on sports play fantasy, and vice versa. And they’re doing it for basically the same reason: It makes sports more interesting,” he told the AP. “Fantasy will continue to grow, and may even be able to grow faster. So we can’t take our eye off the ball. They’re both very important products for us to focus on.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Daily fantasy sports giant DraftKings is itching to make the move into sports betting. This week, the company told the Associated Press it had already contacted casinos in New Jersey with an eye on partnering up after a favorable Supreme Court Ruling. The SCOTUS is expected to strike down PASPA, the federal law that prohibits […]<\/p>\n","protected":false},"author":36,"featured_media":74315,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,14007,3313,10],"tags":[],"acf":[],"yoast_head":"\n
DraftKings Actively Seeking Sports Betting Partner in New Jersey<\/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