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DraftKings Applies for Sports Betting License in New Jersey

George Miller

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DraftKings Applies for Sports Betting License in New Jersey
Photo Credits: Mark J. Rebilas/USA Today
Reading Time: 2 minutes

Leading the Pack, DraftKings Prepares to Enter $150 Billion National Sports Betting Market

 

DraftKings Inc. announced that the company has officially applied for a state license to offer sports betting in New Jersey. Its application for a Casino Service Industry Enterprise License has been “accepted for filing” by the New Jersey Division of Gaming Enforcement (DGE), marking a key step towards licensure and further demonstrating DraftKings’ leadership position in the sports betting market.
“The New Jersey DGE has been on the leading edge of creating a smart, consumer-focused sports betting framework in the Garden State,” said Tim Dent,

Chief Compliance Officer and Chief Financial Officer at DraftKings. “We are working with New Jersey officials toward a public rollout of a DraftKings sports betting product.

DraftKings recently announced it selected Resorts Casino Hotel as its New Jersey casino licensing partner, satisfying an expected regulatory requirement for the company to offer an online sports betting product in the state. With plans to leverage its state-of-the-art technology, prominent sports entertainment brand and more than 10 million registered customers, DraftKings is poised to become a major player in the estimated $150 billion sports betting market.

Beginning well before May’s Supreme Court decision, DraftKings has been steadily building a world-class internal sportsbook team. DraftKings also announced today that Karl Gambin has joined the company as Director of New Jersey Gaming Operations based out of its new office in Hoboken, NJ. Gambin will lead DraftKings’ compliance, customer and regulatory activities in the state. The company will continue to expand its local operation and is currently recruiting for a dozen additional positions based in the Hoboken office.

 

About DraftKings:
DraftKings is an innovative sports-tech and media entertainment platform changing the way consumers engage with their favorite sports, teams and athletes by bringing fans closer to the game. DraftKings, headquartered in Boston, MA, offers daily and weekly fantasy sports contests across ten professional sports in the U.S., Canada, United Kingdom, Malta, Germany, Ireland, Austria and Australia. Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings makes sports better and better sports fans by creating the ‘Game Inside the Game.’

 

Source: DraftKings

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Daily Fantasy Sports

Scout Gaming strengthens partnership with Kaizen Gaming (Stoiximan and Betano)

George Miller

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Scout Gaming strengthens partnership with Kaizen Gaming (Stoiximan and Betano)
Reading Time: 2 minutes

 

Scout Gaming extends agreement with Kaizen Gaming – being the first operator to launch a Daily Fantasy Sports product in the Greek market, Kaizen Gaming, the recently renamed group behind the brands Stoiximan and Betano, has reaffirmed its long-term successful use of Scout Gaming products.

The parties have entered into a new agreement which will replace the one entered in May 2018. As a direct consequence of the good results enjoyed by Kaizen Gaming from the use of Scout Gaming’s DFS product in the Greek market under its flagship brand Stoiximan.gr, the parties have decided to extend the collaboration, taking a long-term strategic and mutually beneficial view to the partnership, focusing on launch of new products in Greece as well as expand the partnership into other markets. The agreement also includes certain unique rights given to Kaizen Gaming for the use of Scout Gaming’s products under a certain time frame.

The new agreement will enable Kaizen Gaming to launch all additional games currently found in Scout Gaming’s product portfolio, including Player Performance Odds and Player Matchups, as well as expand into additional markets through its international brand, Betano. Further on, the parties will together aim at bringing to life new products by either finding new applications to existing products or creation of innovative new games.

“We are honored to strengthen our partnership with one of Europe’s fastest emerging GameTech companies. Kaizen has been quick to spot and act on the positive trend enjoyed by the European DFS market and the results have been amazing. We are looking forward to supporting their growth with our products. Being able to forge a strong long-lasting partnership with an exceptional business such as Kaizen Gaming is the best proof one can get to the quality of our products and the team behind it” comments Joakim Renman, CCO of Scout Gaming.

“Scout Gaming shares the same values of continuous improvement and our collaboration grows hand in hand through innovative products and services. Providing an optimum experience to those who trust us is a key objective for our customer centric approach and collaboration with Scout Gaming is proven to be instrumental on this one. It has been a pleasure to work with the team at Scout Gaming and the level of the quality of its service has truly stood out as one of the best in the business. We are confident that launching of additional products delivered by Scout Gaming will enhance our product offering and deliver more value to our business.” commented Chris Tzalavras, Head of Commercial at Stoiximan on Kaizen Gaming.

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Daily Fantasy Sports

Scout Gaming launches 1 Million Euro Fantasy Premier League Season Game

George Miller

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Scout Scout Gaming launches 1 Million Euro Fantasy Premier League Season Gamepresents preliminary Q1 revenues and the initial COVID-19 impact
Reading Time: 2 minutes

 

As the leading B2B fantasy sports provider, Scout Gaming Group is following up last year’s “quarter of a mill” Premier League Season Game by offering €1,000,000 guaranteed prize pool for this season. With 50,000 available seats at €25 each, the competition promises to pay out 1,250 prizes, with the 1st place securing €200,000. The tournament will be available for Scout Gaming’s clients in the world-wide network.

Scout Gaming’s seasonal game has similarities to the popular official Fantasy Premier League game with regards to budget, number of players, and some of the scoring rules. There are prizes for best manager per month and even per game week. A side tournament for the high rollers is provided as well, with a hefty buy-in of €2,625.

“We are very pleased on a global basis, first time ever, offer a life changing money prize pool for the upcoming start of Premier League. Outside the US, Premier League is considered to be number one Fantasy Game, the official Fantasy Premier League, free-to-play game, which currently attracts between 6-7 millions players has experienced heavy growth the recent years. On the backbone of that and the general interest from our partners enables us to provide this record-breaking prize sum”, comments Andreas Sundal, CPO and Co-founder, Scout Gaming.

Even with the season game around the corner, Scout Gaming Group is first and foremost a sports game provider focusing on the player performance, by offering a wide variety of sports and leagues with real money DFS buy-ins and prizes, including: NBA Basket, NHL hockey, an increasing set of Esports, MLB baseball, NFL football, UFC Mixed Martial Arts, Grand Slam tennis, IPL Cricket and of course soccer and several of local leagues globally.

Additionally, Scout Gaming Group is a pioneer in offering betting markets on fantasy points duels, matchups, and over/under fantasy points. Using the same scoring system as for DFS, it is possible to set up duels between players from different matches, and even from different sports.

“We have a clear focus on offering the most interesting betting products for player-oriented bets, including both traditional DFS, but also above stated markets and other newly developed products. Even after the American reregulation, DFS is an essential product on the American sports betting market – something that is spreading world-wide as well. We are very pleased to so far been entrusted from a couple of leading operators, including for example the market leader in Greece, Stoiximan, the state-governed leading Norweigan operator Norsk Tipping among others”, continues Andreas Sundal, CPO and Co-founder, Scout Gaming.

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Daily Fantasy Sports

DraftKings Extends Stats Perform Deal

Niji Narayan

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DraftKings Extends Stats Perform Deal
Reading Time: < 1 minute

 

DraftKings Inc. has extended its deal with the US-based sports data firm Stats Perform. The deal provides DraftKings access to Stats Perform’s unparalleled sports data feeds for use in its daily fantasy sports (DFS) contests and DK Live, the company’s play-by-play fantasy app.

Through the partnership extension, DraftKings will incorporate Stats Perform data from a multitude of professional sports leagues, including the NBA, MLB, NHL, WNBA, FIBA, CFL, college football, men’s college basketball and most top soccer leagues worldwide.

“We are proud to continue our partnership with DraftKings to create a fun and exciting DFS experience for sports fans worldwide. Using Stats Perform data, DraftKings has sparked innovation and dramatic growth within the fields of predictive sports analytics and digital entertainment. As interest in DFS continues to grow, we look forward to our continued work with DraftKings to power a new wave of AI-powered sports statistics that drive new insights and opportunities for the DFS experience,” Steve Xeller, Chief Revenue Officer of Stats Perform, said.

“DraftKings has become a premier destination for skin-in-the-game sports fans. Our growing list of DFS games are extremely popular and require fast and accurate data for fans who are following along to games in real-time. Through our longstanding partnership with Stats Perform, we have developed an important layer of trust between our customers and the sports data they interact with. We look forward to continuing our partnership with Stats Perform as we expand our offerings in the U.S and abroad,” Ezra Kucharz, Chief Business Officer of DraftKings, said.

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