FanDuel To Launch Online Sportsbook For New Jersey Market
FanDuel Group in which Paddy Power Betfair has a primary stake recently announced that it will launching an online sports betting and casino site in New Jersey. The launch is expected to go live before the start of the football season. Their online casino and sports betting operations will be launched in cooperation with the Golden Nugget casino and Meadowlands Racetrack, respectively.
New Jersey regulated sports betting in June and it did not take very long for sports betting operators to launch services in the Garden State. There has been a rush from sportsbooks to launch operations and the FanDuel Group is no exception to this. The sports gaming company had recently partnered with B2B providers International Game Technology and GAN Enterprise who will provide the technology platform for their services.
In a statement, Dermot Smurfit, CEO of GAN 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.
FanDuel is one of the biggest Daily Fantasy Sports websites in the America along with DraftKings. The company was acquired by Ireland based Paddy Power Betfair in May 2018.
iGaming Operators Eager To Launch Sports Betting Services
Sports betting has been off to a fantastic start in its first couple of weeks bringing in over $16 million in revenue. This revenue was generated from just two operational sportsbooks and gaming analysts expect a significant increase in sports betting revenue as there are a number of casino operators who can apply for a sports betting license.
Some of the operators who have already applied for a sports betting license include Golden Nugget, Resorts Casino and the Hard Rock Atlantic City. They would dearly like their sports betting license to be granted at the earliest so they are in time to launch sports betting services before the football season.
The NFL, MLB and NBA seasons for 2018-2019 should commence shortly and will provide New Jersey bettors with a great opportunity to bet on their favourite teams and a long list of games. Now that New Jersey has regulated sports betting, bettors will have the option of placing their wagers online or going to physical sportsbooks such as the one at Ocean Resorts Casino and placing their wagers.