West Virginia sports betting fans are about to get a boost to their sportsbook options with both DraftKings and FanDuel set to launch mobile sports betting apps. After a long time of talking about the subject DraftKings, and their rival in the sports betting industry FanDuel; are finally ready to embark on mobile app betting in the state of West Virginia.
Local West Virginia media quoted WV Lottery Director John Myers saying that DraftKings and FanDuel were “very close” to getting all the regulatory cards in place to bring their wagering applications in the state.
Speaking about the WV sports betting app testing Myers stated it is, “completed on one and ongoing on another.” but did not specify which company had already been approved.
There is not an official date of launch for either of the companies’ betting applications but Myers was confident that both of them would be ready to go by the time the NFL betting season kicks off. The NFL season starts with the opening game being on September 5th 2019.
In late 2018 the first mobile betting app went live in West Virginia in the BetLucky app, but it was not so lucky not lasting past March 2019. There have been legal issues between casino operator Delaware North, and their suppliers for betting technology and that has kept the BetLucky app in the dark for several months. On Wednesday August 21, Myers stated that he did not think that the online sports betting app from BetLucky will be ready to go before the football season kicks off.
The land based casinos in the state of West Virginia had total turnover of $7.6 million and just over $700,000 in the five weeks prior to the 3rd of August, the beginning of the 2020 fiscal year in West Virginia.
The land based Penn National Gaming’s Hollywood Casino at Charles Town Races is a WV betting operations partner of DraftKings and for the fiscal year of 2019 they took the top spot in West Virginia betting with overall turnover of $6 million for profit of $540,000.
Ever expanding United States legal sports betting and fantasy sports online sportsbook Draftkings has announced it will be expanding operations in to eight more US states through a partnership with European based sports betting technology provider Kambi.
On Thursday August 23th the sports betting pact between Kambi, which is one of the leading technology providers in Europe, and US online betting giant DraftKings was further enhanced to include a further eight US states.
The deal secure the existing partnership in the legal New Jersey sports betting market while also providing the opportunity to generate incremental revenues as and when the partnership enters the additional jurisdictions. Those additional sports betting US state markets that DraftKings will enter using Kambi technology are Tennessee, West Virginia, Pennsylvania, Iowa, Indiana, New York, Colorado, and Maine.
Kambi and DraftKings came together in June of 2018 and they hit it big in their partnership quickly in August in the regulated online gambling market in New Jersey. Kristian Nylén, CEO of Kambi stated that the two companies, “have developed a symbiotic relationship.” He went onto say that the relationship, “has only improved over time.”
It remains to be seen that how the new pact between the companies has any effect on the rumored deal, which swirled in June, that dealt with Draft Kings looking into purchasing Kambi rival SBTech.
Jason Robins is the CEO of DraftKings stated that the backend sportsbook technology of Kambi was an integral DraftKings “key partner.”
Hollywood Casino’s mobile betting app is scheduled to go live sometime next week.
The pact gives DraftKings access to online gambling markets in every state where Caesars has casinos.
Competitors in a DraftKings sports betting tournament held over the weekend were unable to place bets on a specific NFL playoffs game, which cost them the chance to win the ultimate prize pool.
DraftKings has added blackjack to its NJ betting app as the firm prepares to launch in WV.
NEW Jersey’s sports betting market has exceeded expectations after almost $600 million was wagered in the state in just four and a half months.
Figures released in the US on Thursday by the state Division of Gaming Enforcement show gamblers wagered $260 million on sports in October alone, bringing the total to $597 million since mid-June.
Those figures, plus revenue from two newly reopened casinos, helped Atlantic City’s casino industry post an increase of nearly 16 percent in gambling revenue compared with a year ago, at $239 million.
CEO of William Hill US Joe Asher said the numbers in New Jersey “continue to be impressive”.
“It’s important to remember that the New Jersey sports betting industry is just ramping up. We didn’t even have our app in the Apple Store until the end of September, so we are very pleased.”
FanDuel, which runs the sports book at the Meadowlands Racetrack in East Rutherford, just outside New York City, called October “a great month.” Spokesman Kevin Hennessy said the company took in two and a half times as many online bets as it did a month earlier, and experienced “continued double-digit growth” in in-person wagering.
Major League Baseball, which had both the post-season and the World Series, accounted for most of October’s bets.
New Jersey won a U.S. Supreme Court case in May clearing the way for all 50 states to offer legal sports betting. Five states are currently doing so.
So far this year, New Jersey’s casinos and racetracks have seen $52 million in revenue from sports bets after paying out winning tickets; some of the money bet is on future events like the Super Bowl in February and is not yet counted as a win or a loss for the casino or track.
Resorts Digital, which partners with DraftKings, has won the lion’s share of that revenue at $16.5 million.
The Meadowlands Racetrack won $15.2 million, and Monmouth Park Racetrack is third at $7.4 million. The Borgata casino won $5.1 million; Ocean Resort won $3.8 million; the Golden Nugget $1.5 million and Bally’s $1.2 million; other casinos each won less than $1 million.
Internet gambling continued its strong and steady rise in New Jersey in October, with $26.7 million won online, an increase of over 30 percent from a year ago.
Betting on fantasy sports in New York could go the way of the dodo after a judge ruled the practice unconstitutional this week. We take a look at the news and provide analysis.
DraftKings has signed a major deal with a casino in New York, one that will allow the fantasy betting operator to offer a sportsbook at the del Lago Casino.
DraftKings has joined up with Kambi as part of a deal that will see the fantasy sports company take its first steps into the sports betting frontier.