{"id":85279,"date":"2018-08-07T04:35:15","date_gmt":"2018-08-07T11:35:15","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=85279"},"modified":"2018-08-07T04:40:12","modified_gmt":"2018-08-07T11:40:12","slug":"draftkings-sportsbook-first-to-go-live-in-new-jersey","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/draftkings-sportsbook-first-to-go-live-in-new-jersey\/","title":{"rendered":"DraftKings Sportsbook Goes Live, Becomes New Jersey\u2019s First Online Sports Betting Platform"},"content":{"rendered":"

DraftKings has won the race to offer a full-scale digital sports betting platform in the New Jersey market, the first such platform that exists in the US outside Nevada.<\/p>\n

\"DraftKings
DraftKings has first-mover advantage on digital sports betting in New Jersey but will it be able to compete against its old foe FanDuel, which now has the might of Paddy Power Betfair behind it? (Image: DraftKings Sportsbook)<\/figcaption><\/figure>\n

DraftKings Sportsbook launched in earnest on Monday morning after a week of invite-only beta-testing<\/a>, in partnership with Resorts Atlantic City and with the technical help of the Malta-based Kambi Group.<\/p>\n

The launch marks DraftKings transformation from daily fantasy sports operator to online bookmaker. A land-based sports book is expected to follow at Resorts Casino soon, although no timeframe has been offered.<\/p>\n

DraftKings Sportsbook is available on desktop, iOS and Android and offers the kind of betting features that have been honed over 20 years of regulated online sports betting in Europe \u2013 proposition betting, in-play betting, and a \u201ccash out\u201d function that allows bettors to either lock in a profit or to cut their losses early, before the end of a game.<\/p>\n

What\u2019s interesting is the depth,\u201d DraftKings co-founder Matt Kalish told NorthJersey.com Monday. \u201cYou don\u2019t come on and only see, say, the Giants to win. There are dozens of markets within the game, real-time priced in-game wagers. And there is the capability of cashing out bets already made.\u201d<\/p><\/blockquote>\n

BetStars and Others Coming Soon<\/strong><\/h2>\n

Kalish added that the company had responded to criticism during the soft-launch phase that the vig on baseball games was too high and has now made the necessary adjustments.<\/p>\n

\n

The New Jersey Division of Gaming Enforcement is currently considering applications from several other companies poised to launch online sports books. Among those is the Stars Group, parent of PokerStars, which has announced it will roll out its BetStars brand in New Jersey in September, also in partnership with Resorts.<\/p>\n<\/div>\n

Stars says it will allow customers to use a single shared wallet across PokerStars and BetStars New Jersey, which should make it easier to migrate some of its existing poker casino customers to its sports betting platform.<\/p>\n

Advantage FanDuel <\/strong><\/h2>\n

DraftKing\u2019s old foe FanDuel is also likely to be among the applicants, and while DraftKings has first-mover advantage online in New Jersey, FanDuel won the race to offer land-based wagering, launching a sports book<\/a> at the Meadowlands Racetrack in mid-July.<\/p>\n

FanDuel recently merged with Betfair US to create the FanDuel Group, meaning it\u2019s now under the control of Irish-British betting juggernaut, Paddy Power Betfair.<\/p>\n

While DraftKings and FanDuel jostle for position in this embryonic market, it\u2019s advantage FanDuel in terms of potential market access. Last week, the FanDuel Group agreed a partnership with Boyd Gaming, which will give it potential exposure to 15 states that may soon opt to regulate sports betting.<\/p>\n","protected":false},"excerpt":{"rendered":"

DraftKings has won the race to offer a full-scale digital sports betting platform in the New Jersey market, the first such platform that exists in the US outside Nevada. DraftKings Sportsbook launched in earnest on Monday morning after a week of invite-only beta-testing, in partnership with Resorts Atlantic City and with the technical help of […]<\/p>\n","protected":false},"author":36,"featured_media":85282,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,19,1074,16693],"tags":[],"acf":[],"yoast_head":"\nDraftKings Sportsbook First to Go Live in New Jersey<\/title>\n<meta name=\"description\" content=\"raftKings Sportsbook launched in New Jersey on Monday morning. 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It\u2019s the first digital sports betting platform in the United States outside Nevada.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/draftkings-sportsbook-first-to-go-live-in-new-jersey\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-07T11:35:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-08-07T11:40:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/df-sports.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"766\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-sportsbook-first-to-go-live-in-new-jersey\/\",\"url\":\"https:\/\/www.casino.org\/news\/draftkings-sportsbook-first-to-go-live-in-new-jersey\/\",\"name\":\"DraftKings Sportsbook First to Go Live in New Jersey\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-sportsbook-first-to-go-live-in-new-jersey\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-sportsbook-first-to-go-live-in-new-jersey\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/df-sports.png\",\"datePublished\":\"2018-08-07T11:35:15+00:00\",\"dateModified\":\"2018-08-07T11:40:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"raftKings Sportsbook launched in New Jersey on Monday morning. 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