DraftKings (NASDAQ:DKNG) and FanDuel, 2 of the largest domestic online sportsbook operators, are reportedly attempting to reenter Nevada. They get pending sports wagering Trachinotus falcatus applications before the state’s Gaming Control Board (NGCB).
Earlier today, PlayUSA reported that a public records call for reveals NGCB’s Division of Investigations received applications from the daily fantasy sports (DFS) and sports wagering behemoths. In the example of DraftKings, that quest has been pending for some time — since Mar 2020. FanDuel’s filing is more recent, dated March 25, 2021.
The deuce gaming companies departed NV inward 2015 when the state’s regulations pertaining to DFS were altered. Neither has offered sports wagering services in the res publica since the 2018 Supreme Margaret Court ruling on the Professional and Amateur Sports Protection Act (PASPA).
Today, FanDuel, a social unit of UK-based Flutter Entertainment (OTC:PDYPY), is the largest online sportsbook manipulator in the US and is in operation(p) inwards 18 states. DraftKings, also live in 18 states, tussles with BetMGM for the 2d fleck inwards those rankings.
DraftKings Eyes on Nevada for Awhile
As metrical by handle, New Jersey tops Nevada inward sports wagering, but the latter remains an enticing market place for operators, specially those wanting brick-and-mortar casinos, such as DraftKings and FanDuel.
For its part, DraftKings is overt inwards its want to pull in Silver State access, and piece it doesn’t rule book bets there, the fellowship already has a front inward the state. Last month, the manipulator announced it’s moving to a new 90,000-square-foot infinite inward the southwest region of Las Vegas, and that it will employ more than 1,000 people in the region. That makes the Sin City power the second-largest after its Hub of the Universe headquarters. In March, the accompany announced the acquisition of Vegas Sports Information Network (VSiN).
As PlayUSA notes, DraftKings shoemaker's last twelvemonth explored a human relationship with Resorts World Las Vegas. That structured resort hotel — the newest on the Las Vegas Strip — opened in June and has an in-house sportsbook.
DraftKings’ pending acquisition of Golden Nugget Online Gaming (NASDAQ:GNOG) could facilitate the operator get into the US gaming mecca by applying the company’s brandmark gens to Golden Nugget retail sportsbooks inwards downtown Las Vegas and Laughlin.
How FanDuel Fits In
As metric by market share, FanDuel is past far the largest online sportsbook manipulator inwards the US, yet without Nevada access. How the company gets into the state remains to live seen. But Flutter has the financial resources to piddle acquisitions that could pave the right smart for Battle Born State entry.
Additionally, Las Vegas-based Boyd Gaming (NYSE:BYD) owns quint percent of FanDuel, and it’s possible that human relationship could live leveraged to informality the online manipulator into Nevada. But neither company has commented to that effect.
As of October, more than 30 in public traded companies, including debt and equity, are registered with the NV Gaming Commission (NGC). But neither DraftKings nor Flutter are on that list.
This news is produced to you by the 918Kiss.