DraftKings seeks partners for sports betting in New Jersey - InfoNews

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DraftKings seeks partners for sports betting in New Jersey

March 30, 2018 - 10:50 AM

ATLANTIC CITY, N.J. - DraftKings is seeking casino partners in New Jersey to offer sports betting if the U.S. Supreme Court legalizes it.

The leading fantasy sports company has contacted potential casino partners with an eye to offering sports betting in New Jersey.

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.

The company, with 10 million customers, has a well-known infrastructure to quickly take advantage of a favourable sports betting ruling. The firm says it has no announcements at this time regarding any deal with a casino and didn't mention plans for other states.

Company spokesman James Chisholm said Draft Kings "is perfectly positioned to succeed in a legal sports betting market."

DraftKings is one of many companies expected to move quickly to take advantage of sports betting, should it become legal. Another dominant daily fantasy sports provider, FanDuel, did not immediately respond to a request for 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 favourable court ruling, or have introduced legislation that would do so, according to Eilers & Krejcik Gaming, which tracks state-by-state gambling legislation.


Follow Wayne Parry at http://twitter.com/WayneParryAC

News from © The Associated Press, 2018
The Associated Press

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