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DraftKings sets sights on sports betting license in New Jersey

Fantasy sports provider takes major step towards launching new US sportsbook.

by Sam Carp

DraftKings sets sights on sports betting license in New Jersey

Online fantasy sports provider DraftKings has officially applied for a licence to offer sports betting in the US state of New Jersey.

DraftKings’ application for a Casino Service Industry Enterprise License has been ‘accepted for filing’ by the New Jersey Division of Gaming Enforcement (DGE), marking a significant step towards the Boston-based company establishing itself as a major player in the US 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."

The move follows last month’s landmark US Supreme Court ruling on the legalisation of sports betting. In the wake of that announcement, DraftKings named Resorts Casino Hotel as its casino licensing partner in New Jersey, satisfying another expected regulatory requirement to offer an online sports betting product in the state.

That deal came after DraftKings set about expanding its internal sportsbook team with the appointment of Sean Hurley to head up the company’s new betting arm back in February. DraftKings has also now added Karl Gambin as director of New Jersey gaming operations, which will see him lead the firm’s compliance, customer and regulatory activities in the state.