{"id":7942,"date":"2018-06-08T18:23:17","date_gmt":"2018-06-08T18:23:17","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=7942"},"modified":"2018-06-08T19:37:45","modified_gmt":"2018-06-08T19:37:45","slug":"dont-let-the-new-fanduel-sports-book-confuse-you-dfs-isnt-gambling","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/dont-let-the-new-fanduel-sports-book-confuse-you-dfs-isnt-gambling\/","title":{"rendered":"Don\u2019t Let The New FanDuel Sports Book Confuse You, DFS Isn\u2019t Gambling"},"content":{"rendered":"
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Leaders of an industry that has long claimed it isn\u2019t gambling, are now diving headfirst<\/strong> into New Jersey\u2019s<\/strong> new legal and regulated sports gambling market.<\/p>\n

A move that comes as little surprise, considering most of what the top daily fantasy sports<\/strong> (DFS) operators said and did while several US states considered regulating that industry, featured a similar kind of hypocrisy.<\/p>\n

New Jersey has battled major professional sports leagues<\/strong> and the NCAA<\/strong> in the courts for the right legalize sports betting since 2011.<\/p>\n

On May 14 of this year, it finally got it. In a 6-3 decision, the US Supreme Court<\/strong> declared the Professional and Amateur Sports Protection Act of 1992 <\/strong>(PASPA) unconstitutional. PASPA is the law that banned full-fledged sports betting almost everywhere outside of Nevada. The decision opened the door for all 50 states to legalize sports betting.<\/p>\n

The NJ sports betting market<\/h2>\n

New Jersey lawmakers immediately began working on regulatory legislation to govern the state\u2019s sports betting market. The legislature passed its regulatory sports betting bill on June 7. Gov<\/strong>. Phil Murphy<\/strong> is expected to sign the bill into law any day now, opening up the market.<\/p>\n

In the meantime, casinos, racetracks, and sports betting operators that will run the industry have been forming alliances and figuring out how they\u2019re going to do it all.<\/p>\n

Monmouth Park racetrack<\/strong> and the soon-to-open Ocean Resort Casino<\/strong> have both teamed with British<\/strong> bookmaker William Hill<\/strong> to open sportsbooks and run online sports betting operations.<\/p>\n

Golden Nugget Atlantic City<\/strong> has inked a sports betting deal with Churchill Downs<\/strong> and online sports betting technology company SBTech<\/strong>.<\/p>\n

DFS operators get in the mix<\/h2>\n

And now, the country\u2019s top DFS operators are getting in the mix.<\/p>\n

Last week, DFS market leader DraftKings<\/strong> announced it is partnering with Resorts Casino Hotel<\/strong> to open a sportsbook on the property. The two will also launch a sports betting app along with a web-based sports betting platform.<\/p>\n

This week, Betfair US<\/strong> announced it has reached a long-term agreement for retail and online and mobile sports betting with Meadowlands Racetrack<\/strong>. It also signed a similar deal with Tioga Downs racetrack and casino<\/strong> in New York<\/strong>, pending the passage of sports betting legislation in that state.<\/p>\n

Betfair US is a subsidiary of Paddy Power Betfair<\/strong>, one of the largest publicly traded sports betting companies in the world. The company also recently announced it is combining its US operations with leading DFS company FanDuel<\/strong>.<\/p>\n

It also runs the TVG<\/strong> online horse race wagering network in the US.<\/p>\n

According to Betfair US CEO Kip Levin<\/strong>, FanDuel will be the company\u2019s primary US brand<\/strong>. Which could mean a FanDuel-branded sportsbook opening at Meadowlands Racetrack before long.<\/p>\n

Of course, that would mean two DFS operator-branded sportsbooks<\/strong> in NJ. Plus, one rather big move into the gambling industry for two companies who have always claimed the product they offered isn\u2019t gambling at all<\/strong>.<\/p>\n

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WSOP NJ – Get $10 No Deposit<\/p>\n<\/div>\n