FanDuel Group says it will launch on-line sports betting and an web casino in New Jersey, hopefully in time for the start of football season.
FanDuel, which is mainly owned by Ireland-based Paddy Energy Betfair, will offer online sports betting with the license from the Meadowlands Racetrack, and web gambling via its licensing affiliation with Atlantic City’s Golden Nugget casino.
GAN and IGT will provide the technology platform for each.
“Online sports betting ‘go-live’ preparations for FanDuel are nicely sophisticated and we stay confident in launching integrated sports betting alongside our current internet casino later this year,” said Dermot Smurfit, GAN’s CEO.
They are among numerous companies racing to get in on each of New Jersey’s expanding gambling markets.
Sports betting in New Jersey began final month, producing $16.4 million in bets during its first two weeks.
Web gambling has grown steadily in New Jersey because its November 2013 launch and offers about 10 percent of the Atlantic City casinos’ revenue.
So far, two casinos, the Borgata and the Ocean Resort, and two racetracks, the Meadowlands and Monmouth Park, offer sports betting.
Ocean Resort’s web gambling site had its initial complete day of operation on Tuesday, becoming New Jersey’s 27th licensed internet gambling site.
But many others have applied for permission to provide sports betting as well, and all of them hoping to become up and operating by the time the first NFL game kicks off in the first week of September.
The Golden Nugget and Resorts have applied for in-person and mobile sports betting. Hard Rock is awaiting approval of its application, and also the 3 casinos owned by Caesars Entertainment have applied for in-person betting, mobile betting or each. In-person betting would be held at Harrah’s and Bally’s (which also would service the adjacent Caesars casino), and the business would provide mobile sports betting aligned with all three of its Atlantic City casinos.
Officials in the Tropicana didn’t immediately respond to a request for comment on their sports betting plans. The casino and its parent business are within the process of becoming sold to Eldorado Resorts.
You will find 14 possible sports betting licensees: the nine Atlantic City casinos, the three functioning racetracks (Monmouth Park in Oceanport, the Meadowlands in East Rutherford, and Freehold Raceway in Freehold), and two former track sites (Atlantic City Race Course in Mays Landing and also the former Garden State Park site in Cherry Hill).