Many leading attorneys general opined that DFS constituted gambling, and therefore were illegal internet gaming websites. But that view has shifted over the past 24 months, and today DraftKings and FanDuel are active in 39 states.<\/strong><\/p>\n<\/div>\nGambling continues to expand in the US, and that includes to the internet. Pennsylvania recently became the fourth state to allow casinos to take their games online. In the event that PASPA is indeed repealed, DraftKings would seemingly be in a unique position to seamlessly morph into a sportsbook and take bets in states that wish to implement sports gambling regulations.<\/p>\n
Funded by almost a quarter of a billion dollars from investment groups and private equity firms, Robins admits his company has never had a profitable year. He hopes to in the coming years, and sports betting would presumably play a vital role in that milestone coming to reality.<\/p>\n","protected":false},"excerpt":{"rendered":"
DraftKings CEO Jason Robins tells Bloomberg that the daily fantasy sports (DFS) company would consider transitioning into an online sportsbook in the United States should there be a change to the federal law that currently bans sports betting in all but four states. Next month, the US Supreme Court will hear an appeal from New […]<\/p>\n","protected":false},"author":42,"featured_media":62422,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,19,16,1074],"tags":[],"acf":[],"yoast_head":"\n
DraftKings Would Consider Becoming Sportsbook if PASPA's Repealed<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n