Gambling in the USA

The CEO of DraftKing discloses that,legalisation of sports betting would turn to be an “enormous” growth opportunity

Published

7 years ago

March 21, 2018

Athira A

PASPA revokation to benefit DraftKings (

Photo credits: GeekWire

Reading Time: < 1 minute

The CEO of DraftKings, the Boston based daily fantasy sports contest provider disclosed that the potential legalisation of sports betting would be an “enormous” growth opportunity.

It is anticipated that the Supreme Court of the United States (SCOTUS) would revoke the Professional and Amateur Sports Betting Act (PASPA) of 1992 promptly and the betting companies are getting ready to plunge in. That is why Jason Robins, the Chief Executive and Co-Founder of DraftKings, explained that the legalisation of sports betting in the US represents an “enormous” growth opportunity for the company.

Robins explicated that the company had avoided sports betting due to potential legal problems in the US, but said it is waiting for the verdict of the PASPA case. “It’s not like sports betting is a new activity that all of a sudden is going to be there,” Robins explained, adding: “It already exists, it’s just happening on the black market now.”

Sean Hurley, DraftKings’ newly designated Head of sportsbook, will focus on preparing a sportsbook as a “potential new line of business” for the company, should the US Supreme Court opt to allow the national market to be expanded.

Furthermore, FanDuel is excogitating a potential reverse merger with a special investment company, Platinum Eagle Acquisition Corp., news website, reported. Like DraftKings, the company aims to manoeuvre itself into a good position should PASPA gets revoked.

Related Topics:

Up Next

The gambling bills to undergo hearing and its agendas

Don't Miss

City of Rockford could have one of the stiffest video gaming fees

Athira A

Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.