FanDuel details US sports betting plans
The DFS company revealed that they could expand its operations into the sports betting business if the US legalises the gambling modality.
US.- Matt King, CEO of FanDuel, one of the biggest daily fantasy sports (DFS) firms in the United States, has said that they could expand into sports betting if the US Supreme Court lifts the federal ban.
While the company hasn’t revealed many details on its sports betting interest, it seems that it could have been fuelled by rival DFS operator DraftKings, which has already declared that it is moving towards agreements with casinos in New Jersey over possible partnerships should the Supreme Court overturn the 1992 Professional and Amateur Sports Protection Act (PASPA).
“It would mean we would get into sports betting. 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,” said King to the Term Sheet.
The CEO added that if the Court doesn’t legalise sports betting they still have a robust roadmap without it. “So we’re excited about all the things we’ll launch from a product perspective, and 95% of that will be relevant no matter what happens with the Supreme Court.”
