FanDuel to Offer Online Sports Betting in New Jersey
Football season is about to get more exciting for sports fans after daily fantasy sports (DFS) provider FanDuel announced its plan to launch an online sports betting site hopefully before the National Football League (NFL) game opener in September.
The DFS company has tapped B2B online gaming content supplier GameAccount Network (GAN) to develop what would be FanDuel’s online sportsbook. The software comes from a combination of gaming tech company International Game Technology’s (IGT) sports platform, Paddy Power Betfair’s sportsbook, and FanDuel’s user interface designed for North American bettors.
FanDuel is a subsidiary of Paddy Power Betfair.
Dermot Smurfit, GAN’s CEO, said:
“Online sports betting ‘go-live’ preparations for FanDuel are well advanced and we remain confident in launching integrated sports betting alongside our existing internet casino later this year.
Matt King, CEO of FanDuel, added:
“The integration by GAN of our sports betting system is a reflection of GAN’s flexible technology platform, ‘can-do’ attitude and their overall commitment.”
The development came after the United States Supreme Court repealed the Professional and Amateur Sports Protection Act (PASPA) that banned sports betting of any kind in almost all federal states. With that decision, several states—including New Jersey (NJ)—have moved to legalize sports-related wagers.
Two weeks since the decision, NJ has earned more than US$16 million on sports bets.
FanDuel’s online sports betting site remains a proposal until it receives the approval of state regulators in New Jersey, where the DFS company lodged its application.
Meanwhile, FanDuel’s rival—DraftKings—has received the must-sought approval of New Jersey’s gaming regulators.
News outlets reported August 1 that DraftKings, in partnership with NJ casino Resorts Casino Hotel, received the go signal from the New Jersey Division of Gaming Enforcement (DGE) to offer both online and mobile sports betting in the state. In early June, the DFS company signed a deal making Resort Casino Hotel its licensing partner in NJ.
Jason Robins, CEO and co-founder of DraftKings, said:
“We are excited to work with Resorts Hotel Casino to bring our new DraftKings sportsbook to New Jersey. As a tech savvy and a long-term growth oriented organization, Resorts Hotel Casino aligns perfectly with our customer-focused, innovation culture.”
Morris Bailey, Resorts Casino Hotel owner, added:
“We are at a pivotal moment in the development of sports betting in the US. We are delighted to be able to have DraftKings utilize our gaming license in New Jersey. DraftKings continues to be at the forefront of sports entertainment innovation, and today’s announcement is the first step in being able to offer customers in New Jersey the most dynamic sports betting platform.”
DraftKings’ mobile sportsbook will undergo numerous tests before going public. Because the sports betting site will accept bets only from invited players, interested bettors must first request entry from the DFS company.