Matthew Waters and the team at Legal Sports Report highlight some of the key US sports betting issues to look out for in the week ahead.
DraftKings gets fourth mobile state: DraftKings Sportsbook will go live in Pennsylvania just days after receiving its online sports betting license. Chief Compliance Officer Tim Dent expects the soft launch on Monday before the site officially launches later next week. The launch is courtesy of a market agreement with Penn National, which operates two casinos in the state. DraftKings will have a familiar foe to battle for the top spot as FanDuel quickly took over after launching in July. DraftKings’ status as the new kid on the block could be short-lived as well, as Unibet plans to launch in November as well.
Colorado comes down to a vote: Tuesday is judgment day for sports betting fans hoping to place a few bets while climbing the Rockies. Proposition DD will be on the ballot after the state passed a law allowing sports betting pending the vote in May. It seems Colorado really paid attention to what was working and what wasn’t from some of the first mover states. There’s no ban on collegiate betting for in-state teams, though proposition bets are out for those teams. There’s also no in-person registration mandated for mobile. Betting on high school and esports is also out. All 33 commercial casinos in the state will get a license for online sports betting so the market could get crowded quickly. A launch would likely come this fiscal year.
Speaking of FanDuel…: The gaming industry could get some more insight into just how well FanDuel’s sports betting operations are performing Thursday when parent company Flutter releases a trading update. London-listed companies aren’t required to give full updates for the first and third quarter, however, so the data on FanDuel Sportsbook could be limited.
