Draftkings In Pa
Yes, DraftKings Sportsbook is legal and regulated in Pennsylvania. In Pennsylvania, each operator can only work with one outside skin. In this case, Meadows Casino will work with DraftKings Sportsbook. Did the partnership with Caesars gain the entry into the state? DraftKings Sportsbook is now available in Pennsylvania, New Jersey, Indiana, and West Virginia. Additionally, you can bet on daily fantasy sports in the majority of states with DraftKings. That said, expect DraftKings to roll out in more states in the coming months. 2020 is set to be a big year for US sports betting. DraftKings Sportsbook is FINALLY in Pennsylvania! The extremely popular sports betting app downloaded on to your iPhone and Android device. The CLICK HERE for the app, it is also available for your iPad and all iOS devices. The DraftKings Sportsbook in PA is also available for all desktop platforms. Pennsylvania is the second state to open a version of DraftKings Online Casino, as New Jersey has hosted the company’s casino since 2018. DraftKings Casino is available as an app for both.
DraftKings launches mobile casino app in Pennsylvania Updated Jul 15, 2020; Posted Jul 14, 2020 FILE - In this May 2, 2019, file photo, the DraftKings logo is displayed at the sports betting.
Launch follows state approval and soft launch
DraftKings has launched an online casino in Pennsylvania after being approved for a license and completing a series of tests.
The online gaming giant wasted no time in getting started in the state. DraftKings secured an interactive gaming operator license from the Pennsylvania Gaming Control Board on Wednesday and immediately began testing ahead of an official launch just 48 hours later.
secured an interactive gaming operator license from the Pennsylvania Gaming Control Board
After receiving approval, DraftKings carried out a two-day soft launch. On the first day, the site ran from 2 to 10pm. On the second day, the site operated from 1 to 11pm. The new online casino is now available to Pennsylvanians 24/7.
Operating through Penn National’s Hollywood Casino
In Pennsylvania, online gaming operators must be partnered with a land-based casino. DraftKings already has a partnership in place with the Meadows for its sports betting site in the state.
For the company’s online casino, DraftKings has partnered with the Hollywood Casino at Penn National Race Course. This partnership came to fruition thanks to DraftKings’ national market access agreement with Penn National Gaming, the owner of the Hollywood Casino.
Tim Dent, chief compliance officer for DraftKings, commented on the relationship the brand has with the Pennsylvania Gaming Control Board. The executive thanked them for
their thoughtful leadership in creating a consumer-focused, competitive iGaming market.”
The launch of a DraftKings online casino marks the eighth online gaming operator to offer services in Pennsylvania.
Going public after multibillion-dollar merger
News of DraftKing’s online casino launch in Pennsylvania comes just days after the company completed its multibillion-dollar merger with SBTech and Diamond Eagle Acquisition Corporation (DEAC). As we reported, DEAC shareholders decided to vote in favor of merging the companies.
With the merger now complete, the Nasdaq exchange will list DraftKings with the ticker symbol ‘DKNG’. The new company has been valued at $3.3bn.
Caesars Entertainment and DraftKings announced a multi-state partnership on Monday that will allow the DraftKings Sportsbook access to states where Caesars Entertainment already has existing land-based casinos.
In return, Caesars Entertainment will receive an ownership stake in DraftKings and access to its customer database.
DraftKings has access to operate in 12 states
DraftKings will now have the ability to offer online gaming products like sports betting and casino games in states that have legalized those games and products. The company currently operates an online sportsbook and casino in just one state — New Jersey — while also running a retail sportsbook in Mississippi. Meanwhile, Caesars Entertainment operates casinos in the following 13 states across the U.S. Unfortunately for DraftKings, they’ll only have accee to 12 states.
- Arizona
- Louisiana
- Maryland
- North Carolina
DraftKings already operates in New Jersey with Resorts Casino. The deal with Caesars is very new, so there’s no word if it will change affiliation in the Garden State.
New states for DraftKings
DraftKings will have to apply for an online gaming license in states that Caesars operates and where sports betting and online gaming are legal. Caesars operates a casino in Chester, PA, which would have given DraftKings access to the 12 million residents in the Keystone State. Unfortunately, this deal doesn’t include access to Pennsylvania. That’s most likely because casinos may only be allowed a single skin when mobile betting becomes legal in PA.
DraftKings has a sordid past with Nevada. They’re part of the reason that Nevada residents can’t play traditional daily fantasy sports (DFS) contests. The Nevada Gaming Control Boardrequires DFS operators to have a gaming license.
The future in Nevada for DraftKings is currently unclear since the state doesn’t allow new customers to sign up for sports wagering accounts unless they do so in person at a casino sportsbook.
Iowa and Illinois are currently discussing plans to legalize sports betting. Depending on the legislation, those could be the next states to see DraftKings’ online sportsbook and casino games.
Draftkings Casino In Pa
The Caesars side of the deal
While DraftKings will gain access to new markets, there’s another side to this deal. Caesars Entertainment now has an equity stake in DraftKings. Caesars Entertainment will earn a piece of DraftKings’ gaming revenue in states where the partnership is active.
Additionally, DraftKings will promote Caesars Entertainment as its official casino resort partner in the states where the companies work together. This will provide marketing opportunities for Caesars Entertainment to potential new customers that might not be in the existing Caesars Rewards database of more than 50 million people.
Caesars Entertainment will continue to offer their own branded sports betting and online casino apps in each of the states where they have casinos. This will continue to maintain their primary access in each state.
Draftkings Sportsbook Pa
On an earnings call last week, Caesars Entertainment’s CEO Mark Frissora said they are upgrading their New Jersey retain sportsbooks. They will be taking The Book concept that debuted at The Linq in Las Vegas to New Jersey later this year.