Draftkings Sports Betting States
DraftKings is the second brand. Virginia and Michigan will be followed by other states where online gaming and sports betting is expected to launch in 2021. As a way to compensate for financial losses caused by the coronavirus pandemic, Kentucky lawmakers announced making another attempt to legalize sports betting. Since many neighboring states had done so, it is only logical for Kentucky to follow them. DraftKings’ Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi. Any state with legal sports betting should be considered a candidate for a DraftKings Sportsbook, really. In this post-PASPA world, company executives have made no secrets about their ambitions. Rhode Island and Delaware have both legalized sports betting, too. Neither operates mobile betting, however, although it is legal in Delaware.
BOSTON, Jan. 24, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced the launch of DraftKings Sportsbook in Virginia, marking the 12th state in which the top rated mobile and online sportsbook is available. Customers in Virginia will now be able to place bets on a number of markets across professional and collegiate sports using the DraftKings made-in-America digital sportsbook app.
“Just in time for Super Bowl LV, we are thrilled to bring the DraftKings sports betting experience to Virginia with an abundance of betting options for fans,” said Jason Robins, co-founder and CEO, DraftKings. “With our customer-first approach, we hope to be the sportsbook of choice for Virginians who enjoy having skin in the game.”
Ahead of Super Bowl LV, DraftKings is offering all customers a Double Your Money opportunity on any team to score a touchdown. Beyond Super Bowl LV, the cutting-edge mobile technology of DraftKings Sportsbook will provide sports bettors in the Commonwealth of Virginia the opportunity to bet on more than 250 unique leagues including popular professional sports: baseball, football, golf, hockey, boxing, soccer, tennis, motorsports and basketball. Collegiate sports are also available, with the exception of in-state college teams and college prop bets. DraftKings Sportsbook technology keeps consumer information safe and secure and provides built-in responsible gaming measures like time and deposit limits.
A consumer research study by DraftKings indicated that Virginia sports fans are most likely to bet on the NFL, followed by the NBA and college football. That same study found the Washington Football Team and the Dallas Cowboys are the two most favored NFL teams in Virginia, while the LA Lakers, Chicago Bulls, and Washington Wizards are the most popular NBA teams. Prior to Sunday’s NFL Conference Championship games, DraftKings is offering all customers an additional Double Your Money opportunity by betting on any of the four teams playing to score a touchdown.
DraftKings’ sportsbook and daily fantasy products are available via iOS and Android here.
About DraftKings
DraftKings Inc. (Nasdaq: DKNG) is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators in 17 countries. DraftKings’ Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia and West Virginia. DraftKings’ daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL, MLB, NASCAR and the PGA TOUR as well as an authorized gaming operator of the NBA and MLB and an official betting operator of the PGA TOUR.
FORWARD-LOOKING STATEMENTS
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ Securities and Exchange Commission filings. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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If you’re in New Jersey, you have access to DraftKings Sportsbook. Here’s a rundown of where you can find DraftKings for sports betting now and in the future.
DraftKings Sportsbook online
Here are the states where you can find DraftKings:
DraftKings in NJ
The well-dressed DraftKings NJ sports betting platform operates under the license of Resorts Atlantic City, but it’s available across web and mobile channels statewide. As long as you’re in the state, you can wager.
The product is perhaps more polished and market-ready than we expected from DraftKings. The company was, after all, solely a daily fantasy sports outfit until May 2018.
It was the first online sportsbook in the state and currently is the biggest in terms of revenue.
DraftKings in West Virginia
DraftKings Sportsbook announced a deal in December 2018 to operate WV sports betting via mobile. DraftKings partnered with Penn National Gaming, which runs Hollywood Casino at Charles Town Races.
What States Is Draftkings Legal
DraftKings Sportsbook went live in WV in August, around the same time as rival FanDuel launched. While West Virginia is a relatively small state, it’s still important for DraftKings to expand everywhere it can.
Draftkings Sports Betting States
DraftKings in Indiana
The third state for the DraftKings Sportsbook app was Indiana. It was one of the first two sportsbook apps to go live in the state on Oct. 3.
Indiana is not a huge state, but it’s notable for its proximity to several large cities where sports betting is not yet legal, including Chicago, Cincinnati and Louisville.
Land-based DraftKings Sportsbooks
There are currently two land-based DraftKings Sportsbooks in the US:
- DraftKings Sportsbook at Resorts, in New Jersey
- DraftKings Sportsbook at Scarlet Pearl Resort in Mississippi.
States that may have DraftKings Sportsbooks in the future
Potential for growth is capped in the short term, however. While FanDuel has racked up market-access partnerships throughout the country, DraftKings is still pretty lean on that front.
Here’s the list of states in which you might see the next DraftKings Sportsbook pop up, and it’s not a very long one:
New York
Apart from NJ, New York is the only other state in which DraftKings has a confirmed point of entry. It announced a partnership with Del Lago in July 2018 that covers both retail and online/mobile operations. If that materializes, Del Lago could end up christening the first on-property, DraftKings-branded sportsbook in the country.
States That Allow Draftkings
That’s all well and good, except NY sports betting is not yet in place. Voters approved the activity for four commercial casinos in 2013, but regulators have lagged on implementation. What’s more: that existing law excludes online/mobile wagering, so a new one likely will be required before the DraftKings Sportsbook app launches in NY.
Recent rumblings create some cause for optimism on the retail side, but the timeline for NY sports betting is still very much up in the air.
Pennsylvania
Pennsylvania is a little closer to becoming an online sports betting state than its neighbor. Full legalization came late in 2017, and launch arrived in November 2018.
DraftKings figures to be a candidate to partner with one of the PA casinos, but it would have limited ability to fully leverage its brand. State regulations permit each casino to deploy just a single online/mobile platform displaying its own logo. Each may only use one sports betting partner.
About half of the 13 prospective licensees are off the board, it appears:
- SugarHouse/Rivers: Owned by Rush Street, which has a partnership with Kambi. That’s DraftKings’ supplier, too, but there’s no indication it is part of the deal.
- Parx: Recently announced that it will use GAN to power its operations. It works with Kambi as well.
- Presque Isle/Lady Luck: Both will soon be operated by Churchill Downs, which has established a partnership with SBTech.
- Harrah’s: Parent company Caesars has an NJ partnership with Scientific Games that figures to carry across the border.
It’s also impossible to pin down a timeline for the launch of online PA sports betting, but it’s coming sometime in 2019.
Nevada
This one could be interesting, since Nevada is one of the few states in which daily fantasy sports is explicitly prohibited as a skill game. DraftKings is a sports betting company now, though, an activity that is very much legal and thriving in the Silver State.
It has generally seemed unlikely that DraftKings would pursue Nevada sports betting, but nothing is a given anymore. The company recently announced plans to open an office in Las Vegas, which at least draws a raise of the eyebrow. DraftKings wouldn’t pay for a license to offer DFS as a “gambling” game, but might it do so in the world of widespread sports betting?
It’s also worth noting that CG Technologies is being pushed out of the Nevada market amid a string of gaming violations. Either it or the many sportsbooks it serves will need to find a replacement supplier, and a shiny new option has just become available courtesy of DraftKings.
States Where Sports Betting Is Legal
File that last bit of evidence in the circumstantial folder.
Other candidates
Any state with legal sports betting should be considered a candidate for a DraftKings Sportsbook, really. In this post-PASPA world, company executives have made no secrets about their ambitions.
Rhode Island and Delaware have both legalized sports betting, too. Neither operates mobile betting, however, although it is legal in Delaware. The industries in both states are administered by state-chosen suppliers under the lottery’s direction.
It looks like the states broken down above represent the complete list of candidates for DraftKings Sportsbook in the short term. Despite its early lead, it’s even possible that it could still be stuck in only NJ and Mississippi when the calendar ticks over.
At least they have Barkley.