FanDuel outlines sports betting plans in US

9 May 2018

FanDuel has revealed its intentions to expand into sports betting should the US Supreme Court overturn the 1992 Professional and Amateur Sports Protection Act (PASPA).

Nevada is currently the only state in which punters can legally wager on sports in the US, with PASPA blocking other states from offering regulated services.

However, New Jersey is heading up an effort to overturn PASPA and should the Supreme Court rule in favour of the bid, this could open up the market to more states.

Matt King, chief executive of daily fantasy sports (DFS) firm FanDuel, told Forbes that should New Jersey succeed in its effort, the company would look to launch its own sports betting service.

Rival DFS operator DraftKings has already started work on preparing its own sports betting offering in the US by speaking with casinos in New Jersey about possible partnerships.

“[A Supreme Court overturn] would mean we would get into sports betting,” King said.

“This business is around fan engagement and helping fans feel closer to the things they like, and clearly sports betting is one way to help people to do that.

“So it would be very logical for us to get into it; we have some ideas of how to make that experience better and ones that we feel will resonate with our users.

“We think we’re uniquely positioned to fulfil that market demand.”

Related articles: DraftKings eyes NJ casino partners for sports betting
US sports betting ‘enormous’ opportunity – DraftKings CEO