But it later agreed to support the purchase of NYX Gaming by Scientific Games. London-based bookmaker William Hill had threatened to use its stock to derail a buyout between two online gambling infrastructure firms in Las Vegas. It bought Presque Isle Downs & Casino in Pennsylvania in March and owns two casinos in Mississippi, with plans to offer sports betting in all three states. Other betting and technology firms paired up months in advance of the Supreme Court ruling, correctly anticipating a favorable outcome.Ĭhurchill Downs, the race track that runs the Kentucky Derby, reached deals with a tech company for its platform and the Golden Nugget casino in Atlantic City for its license in New Jersey. The deal follows one last week in which European bookmaker Paddy Power Betfair merged with U.S. “We have a well-known brand that’s very closely identified with winning money on sports,” he said. A bill to regulate sports betting could be approved in early June. Robins said his company is best positioned to succeed in the new market and is “ready to go” as soon as it gets the green light from New Jersey regulators. “It’s the height of hypocrisy to take the position they did.”ĭraftKings plans web-based and mobile operations, and will offer numerous in-game betting opportunities in addition to more traditional bets on the outcome of games. “It’s totally inappropriate,” Bailey said.

The leagues all opposed sports betting and fought New Jersey in the court case that the state eventually won. “It’s how much of that market we’ll be able to get.”īailey also strongly opposes the so-called integrity fee payments that the professional sports leagues are seeking to help them police betting on the games. Morris Bailey, the owner of Resorts, welcomed the new revenue stream and called DraftKings “a dynamic brand.” Anytime you’ve got a big market about to be created, there’s so much opportunity out there that everyone should benefit, as long as you do it the right way.” “It’s a new thing, so people are trying to see how they want to go about it, who they want to partner with. “Everybody knows there’s a big opportunity out there,” said Jason Robins, CEO of DraftKings. WHYY thanks our sponsors - become a WHYY sponsor

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