In-Person Registration for Sports Betting Accounts in Illinois is Now Required

Man on Laptop With a Sportsbook Board and Football Stadium

Illinois Gov. J.B. Pritzker has recalled an order that allowed online registration for Illinois sports bettors. According to a statement from the governor’s office, the suspension of in person sports betting registration is “no longer needed”:

“Illinois is currently in phase four with vaccination rates rapidly increasing and casinos around the state have reopened with safety guidelines in place, so the suspension of in person sports betting registration requirements is no longer needed.”

Giving Land-Based Casinos a Head Start

The Illinois sports betting law, signed by Pritzker in 2019, was written with the in-person registration requirement in order to give land-based casinos a headstart over online gambling giants FanDuel and DraftKings. But when the COVID-19 pandemic struck last year, Pritzker issued an executive order allowing Illinoisans to register online because brick and mortar casinos were ordered closed.

When these casinos re-opened in July, Priztker ended the provision. However, after an uptick in COVID-19 cases in the state, he once again allowed online registration. Last Sunday, the governor’s office issued a statement saying online registration is “no longer needed” and that in-person registration will be required before one can place a sports bet in Illinois.

Putting the Brakes on Illinois Sports Betting

Industry analysts were quick to say that Pritkzer’s new order “puts the brakes” on a fast growing Illinois sports betting market that could’ve easily make it as among the Top 5 in the industry. Legal Illinois sports betting fetched more than $1.6B in bets since its launch in March 2020. These bets have given the state more than $28M in tax revenues.

DraftKings and Fanduel, which held 72% of the total market during the month of January, were quick to tie up with casinos and racetracks to avoid delay. Although this latest move by the governor will not knock off either FanDuel or DraftKings from their lofty places, their inability to register new users could hinder their growth.

A Premature Move?

However, Pritzker’s move may be a premature one as COVID-19 cases are currently on the rise in Illinois. According to the Illinois Department of Health, the number of new cases daily has reached 2,000 for every day since March 24th, with the number of hospitalization cases also increasing.

Officials in Cook County, the largest in the state, said that they have over 600 new cases of COVID-19 in their jurisdiction alone, According to Cook health official Dr. Rachel Rubin, the state could be entering another phase of a “surge” in COVID-19 cases.

theScore Gains Access to Illinois Market via Caesars Entertainment

Person Browsing a Sports Betting Site on a Tablet
A deal with Caesars Entertainment’s Harrah’s Joliet Hotel and Casino has given Canadian-based betting operator Score Media and Gaming Inc. access to the Illinois sports betting market. Although theScore still needs to get the necessary regulatory approval from the Illinois Gaming Board, the company expects to start accepting online sports bets via its theScore Bet online sportsbook during the second half of 2021.

Said John Levy, chairman and chief executive officer of theScore:

“Gaining market access to Illinois is a significant development that will bring our award-winning mobile sportsbook to one of the most populous states. Caesars is a giant in the casino-entertainment industry and we’re thrilled to have reached this agreement to extend theScore Bet’s footprint into another key new market.”

Ten-Year Partnership

The partnership is initially valid for 10 years but is renewable, at the option of Score Media and Gaming Inc. Under the agreement, Caesars Entertainment will also reimburse Score Media and Gaming Inc. with certain costs and licensing fees.

The deal also provides that Caesars Entertainment will receive a percentage of the revenue from theScore Bet’s Illinois sports betting operations. That amount is subject to certain annual minimum guaranteed amounts.

theScore Scores Access to a Fifth State

By joining the Illinois sports betting industry, Score Media and Gaming Inc. now has access to five different states in the U.S. Currently, the Canadian sports betting operator is live in New Jersey, Colorado, Indiana, and Iowa. Using its homegrown theScore Bet mobile app, theScore provides cross-state experiences for sports bettors as it expands across the United States via a single mobile app.

Score Media and Gaming Inc. operates theScore which is one of the most popular sports media apps in North America, delivering its user fans personalized live scores, news, stats, and betting information. The company launched its sports betting app theScore Bet on September 3, 2019, becoming the first media company in North America to operate a sportsbook in the United States.

The Push to Open a Real Casino in Chicago Continues

Mayor Lori Lightfoot

For years, officials in Illinois have been looking at plans to open a Class III casino in the city of Illinois. It hasn’t been easy and several huge delays have come up getting this venue up and running. It now appears that the push to open a real casino in Chicago is once again ramping up.

Many of the leaders in this city feel now is a great time to get this property up and running. Unfortunately, there are still some issues getting in the way. Today, we’ll talk about when this Chicago casino could eventually start operating.

Let’s get into it!

The US Casino Industry Shows Signs of Recovery

There has been a huge amount of attention placed on the land-based casino industry over the past year. In March of 2020, this entire industry came to a screeching halt. States across the country were forced to order their casinos to shut down.

This affected certain areas more than others. Places like Las Vegas and Atlantic City were hit extremely hard. These cities are known as major gambling hubs and rely heavily on tourism. When the casinos shut down, tourism rates plummeted.

Some clear signs are now pointing to a recovery for this industry. Infection rates are beginning to drop in many areas of the country. As a result, several casino hubs are seeing an easing of major restrictions.

Tourism is beginning to increase as these restrictions are lifted. Las Vegas casinos recently began operating at 35% occupancy. Some experts believe that this city will begin seeing a massive surge of visitors by the time summer rolls around.

Several states are now interested in expanding their casino industries. That includes Illinois, which passed a capital plan allowing new casinos to open around the state back in 2019.

Chicago has been interested in opening a new casino for years. For several reasons, this has not taken place. There now seems to be some progress being made.

Lori Lightfoot Wants to See a Real Casino in Chicago Soon

Chicago has never been home to a real Class III casino. Many have complained of this fact and believe a casino in the Windy City would be hugely successful. Finally, in mid-2019, state officials agreed and approved a plan to open a gambling venue here.

The state initially set extremely high tax rates on this property. As a result, no companies expressed interest in operating a casino here. This rate was eventually lowered as a way to make things more appealing for potential operators.

Location then became a major issue. City officials were finding it difficult to find the most ideal spot in Chicago to host this new property. There are still a few possible locations being considered throughout Chicago.

There is now some real progress being made to open a real casino in Chicago. Mayor Lori Lightfoot claims she wants to choose a winning bidder to host this new casino before the end of the year. Companies can begin sending their proposals to operate this venue in April.

“This is taking too long,” Lightfoot said of the process. “I’m an impatient person by nature. This has been a long time coming. We are not going to undercut this opportunity.”

Analysts believe that a casino in Chicago will help to significantly boost tourism into the city. The revenue earned from this venue will also help to fund various state programs. It seems to be a win-win situation and officials now want to move forward with the plans to get this property operational.

We’ll be sure to offer more updates on this venue over the next few months.

Illinois’ Sports Betting Industry is Quickly Expanding

Legal sports betting finally arrived in Illinois on March 9, 2020. It has grown exponentially since that time thanks to looser rules on online sportsbook registrations. Illinois is now seeing regular increases in its sports gambling revenue.

$581.6 million was placed on sports bets here in January. That makes Illinois just the fourth state in the country to have a monthly sports betting handle surpassing $500 million. Sportsbooks earned $49.4 million in taxable revenue.

Most experts expect to see a significantly larger handle in February. This year’s Super Bowl will likely be the most-bet-on sporting event in history. Illinois will almost surely see its largest handle and revenue figures to date.

This state is clearly going all-in on its gambling industry. Sports betting is proving to be extremely profitable every single month. Several new casinos will soon begin operating throughout Illinois, as well.

It seems likely that we will see a real casino in Chicago open its doors within the next few years. Lori Lightfoot is being proactive at getting this process complete. Hopefully, the entire US casino industry is in a much better place by the time this property opens its doors.

Are you excited to see a new casino in Chicago? When do you expect to see it open? Let us know in the comments section below.

First OTB Site in Illinois Opens in Crestwood

Handful of Money With a Sportsbook Background
The newly remodeled Club Hawthorne in Crestwood opened the first non-casino, off-track betting site with a sportsbook in Illinois last week.

Club Hawthorne boasts of a 163-inch HERO LED video wall, two dozen 75-inch TV screens throughout the viewing area, and a state of the art audio system. The venue has leather couches, captain’s chairs, and highboy tables for patrons, with a post COVID-19 capacity of up to 500 people.

The venue shares a building with an off-track retail betting shop which the horse track has operated since 1989 at 13148 Rivercrest Drive. The sportsbook is a partnership between Hawthorne and PointsBet.

Said PointsBet Midwest senior business operations manager Michael Teal:

“This is going to be a place where people can come down with their buddies and enjoy the game.”

First of its Kind

The owners of the new Illinois sports betting shop is advertising the venue as among the first in the country and the first of its kind in Illinois. Other sports betting shops in the state are located at casinos and racetracks.

Hawthorne and Fairmont Park are the only horse tracks licensed for Illinois sports betting.The OTB site in Crestwood is one of three OTB locations where Hawthorne is allowed to conduct legal Illinois sports betting activities as part of the Sports Wagering Act signed into law by Gov. JB Pritzker in 2018. Eventually, Hawthorne will also operate OTB sites in Prospect Heights and Oakbrook Terrace.

American Pro Sports are Main Sources of Bets

American Pro Sports like the NFL, MLB, and MBA are the main sources of Illinois sports betting, accounting for about $600M of the state’s total $941.7M total handle through October. College sports and Motosports accounted for $100M apiece. Online Illinois sports betting began in June 2020 and it accounted for $873.7M of the total handle with the remaining $68M worth of bets wagered in person.

The state is capturing 15% of sports betting revenues via taxes. The taxes collected from sports betting will help pay for public parks, schools, libraries, and various capital projects other than roads and bridges.

Where Will the New Casino in Chicago be Situated?

Chicago Image

Lawmakers in Illinois continue pushing to expand the state’s casino industry. Much of the discussion is centering around plans for the new Chicago casino. Many analysts are now debating where the new casino in Chicago should be located.

There are several locations that could accommodate a new casino. Some are thought to be more ideal than others. Today, we’ll talk about some of the most-likely areas for the new gambling venue to open its doors.

Let’s get into it!

Illinois’ Casino Industry is About to Reopen Once Again

There are a large number of world-class casinos in the state of Illinois. Some of these are tribal casinos owned and operated by Native American tribes. Others are commercial casinos owned by some of the country’s most powerful gaming companies.

Interestingly, state officials want to expand this industry. Back in 2018, Governor Pritzker passed a new Capital Plan to open several more casinos around Illinois. That includes a new casino-resort in Chicago; the first of its kind.

2020 ended up halting these plans. For several months last year, all of the casinos in this state were completely shut down. They began reopening during the summer, yet state officials forced commercial casinos to close down again several months later.

Soon, the casinos in Illinois will finally be allowed to reopen. It’s exciting news for the companies that operate these venues. As Illinois enters into Tier 2 of its reopening process, casinos will be given permission to begin operating at a limited capacity.

It will take a long time before these casinos see the revenue figures experienced back in 2019. The world’s casino industry has been devastated by the events that unfolded last year. Hope is that we see an improvement over the next six months.

Many are now looking ahead to the casino expected to open in Chicago. Here’s a quick update on this exciting new property!

Analysts Continue to Debate a Location for the New Casino in Chicago

When news broke that officials were preparing to open a new casino in Chicago, it spread like wildfire. Many felt it would never happen. This city has never hosted an established casino-resort in its history.

Initially, it seemed likely that this would be a hugely successful gambling property. Chicago is already a major tourist destination. Many believed that opening a casino-resort here would help to significantly boost tourism rates in the city.

Unfortunately, the state set unusually high tax rates on this venue. Many casino companies withdrew from the running to obtain a license to operate this property. The issue of location has also been a big one lately.

No one seems to know where in Chicago this property will be situated. There are several areas of the city still in the running. Lakeside Center and The Chicago Tribune’s Freedom Center are two interesting locations. Many city officials are putting more thought into opening the new casino in Chicago in these areas.

It’s an interesting situation. Everyone wants to ensure that this new casino is as successful as possible. Location will play a huge role in its success. Most analysts agree that the locations being discussed are the best options right now.

Chicago is set to receive an incredible new casino-resort in the near future. We’ll be sure to offer more information on this situation over the next few months. Stay tuned for updates!

State Officials Set a New Tax Rate on Sports Betting Winnings

Back in May of 2018, the Supreme Court struck down PASPA. This gave every state in the country the option to legalize and regulate sports betting. Now, three years later, more than half the country has a sports betting industry.

Illinois’ first sports betting options went live back in March of 2020. Since that time, the industry here has grown steadily. Both land-based and online sports wagering are available in this state. It’s proven extremely valuable in the form of taxes.

This week, reports surfaced claiming anyone that makes over $600 in sports bets will now need to report their winnings to the state. These earnings will be taxed at 15%. Nicholas Royer, a financial advisor for MRFC, believes this will benefit the state in a big way moving forward.

“What happened is the state realized that 94% of sports gambling is now done online. And so they looked at this as, Oh, it’s a revenue that we can create for ourselves now that this is actually happening,” he said. “Illinois, is the fourth biggest in online gambling and sports betting right now in the country. Only behind Nevada, I think New Jersey and Pennsylvania. So it’s a pretty big deal and if we just look at September to October, just in that timeframe from September to October. There was a 42% increase in sports in sports gambling online.”

Many bettors are likely to be disappointed by this news. An increased tax rate could result in some choosing to wager through unregulated sites. In the long run, however, this will play a big role in bringing in some much-needed revenue for the state.

Are you excited to see the new casino in Chicago? Where do you think it should be located? Let us know in the comments section below!

Penn National Gaming to Open Three Barstool Sportsbooks This Week

Penn National Gaming
Three Barstool-branded sportsbooks will be opened by the end of the week in three regional casinos owned by Penn National Gaming.

According to the Pennsylvania-based casino operator, Barstool sportsbooks will open on December 23 at the Greektown Casino Hotel in Detroit, Michigan and at the Hollywood Casino Lawrenceburg in Indiana. Meanwhile, another Barstool sportsbook will be launched at the Ameristar East Chicago Casino & Hotel on Christmas Eve.

The Barstool sportsbook at Greektown is located at the second floor adjacent to the table gaming area. Meanwhile, Penn National rebranded the the existing sportsbooks situated in the entrance to the casino floor of Hollywood Lawrenceburg and by the entrance of Ameristar East.

Per Penn National SVP of Regional Operations Rafael Verde:

“The new designs incorporate the spirit of the Barstool Sports brand, resulting in unique sports wagering and dining experiences that we expect our customers will thoroughly enjoy.”

Part of the Rollout

The opening of the three sports betting shops is part of the rollout discussed by Penn National Gaming CEO Jay Snowden during the company’s third-quarter conference call last October. It can be recalled that Penn National Gaming kicked off the launch last month at the Ameristar Black Hawk in Colorado.

All three new locations feature a sports viewing area and dining space. It also has a betting counter with a large odds board, numerous betting kiosks, and ticker writing stations. The wagering area is close to the dining area and has several television sets showing different sports action from across the country.

Increasing its Reach

Penn National Gaming hopes to change and increase the reach of the demographic make-up of its customer base which is currently made up of the 45 and older age group. Last January, Penn National acquired a 36% stake of the sports media platform Barstool for $136M.

With the acquisition, Penn National hopes to take advantage of the estimated 66 million viewers of its website and social media content to improve its market standing. Currently, Penn National operates 41 gaming locations in a total of 19 states. That number will soon increase to 42 and 20, respectively, as it announced last week the purchase of the Hollywood Casino Perryville in Maryland.

Lori Lightfoot Wants More Information on the Chicago Casino

Chicago City

It’s been more than a year since lawmakers in Illinois approved a measure allowing several new casinos to open in the state. Unfortunately, there have been serious delays getting these new gaming venues up and running. This week, Lori Lightfoot began asking for more information on the proposed Chicago casino.

Many have been excited to see this new property open its doors. There are still questions over who will operate it, though. Today, we’re going to talk about what exactly is happening here.

Let’s get into it!

The Casino Industry in Illinois is Now Shut Down

Casinos around the United States continue to face difficulties. As cases of Covid-19 increase, more states are implementing tougher restrictions on their land-based gaming industries. Some states are taking more dramatic measures than others.

Over in Nevada, casinos are being hit with new capacity limits and tougher health restrictions. Tourism rates in this state continue to fall this year. Many of the biggest casino companies here have recently begun to shift their hours to save money.

Illinois has taken even more intense safety regulations. Not long ago, Governor JB Pritzker announced that all commercial casinos in the state were being ordered to shut down. It’s not much of a surprise when considering the massive increase in infections here.

Gambling operators here are disappointed by this news. It was less than two years ago that the state government passed a new capital plan allowing several new casinos to open in the state. Now, this state’s casino industry is coming to a halt.

Several other states have taken similar measures in recent weeks. The US casino industry is struggling in a way we’ve never seen before and analysts are torn on when things will begin to turn around. Hopefully, the casinos in Illinois won’t be forced to shut down for much longer.

Many are now calling for more work to be done on the proposed gaming venue in Chicago.

Lightfoot Asks Developers for an Update on the Chicago Casino

Lori Lightfoot has supported the plan to open a new casino in Chicago for years. When the capital plan was approved back in 2019, many felt work would immediately begin on this gaming venue. As most know, this has not been the case.

There have been many delays getting this property up and running. Initially, there was trouble getting companies to express interest in operating this venue. The tax rates on this property were extremely high and pushed many casino companies away.

The tax rate was then lowered and several companies began taking a closer look. Location then became an issue. Lightfoot recently began asking potential developers for tips on where they would like to see this venue.

This week, Lightfoot began demanding more information on the Chicago casino. It now appears she is getting some answers. The majority of developers claim that this casino should be located in Downtown Chicago.

Lightfoot seems open to this idea. She understands that opening the casino Downtown would maximize tourism and revenue.

The Chicago Mayor recently claimed that the responses from developers “are indicative of the excitement and anticipation of this once-in-a-lifetime project. Thanks to the responses of nearly a dozen RFI respondents, we are not only one step closer to bringing the long-awaited Chicago casino to life but have the critical information we need to ensure this project will be a success.”

It seems that lawmakers in Illinois are working hard to get this venue up and running. Hope is that things are a little more normal by the time this casino is ready to begin accepting players.

Illinois’ Sports Betting Industry Continues to Bring in Revenue

Lawmakers in Illinois finally approved sports betting earlier this year. It was a long time coming. This state has one of the largest sports betting fan bases in the country and many felt Illinois could become a sports gambling hub.

That has proven true! Since the first sportsbooks launched here, revenue from this industry has been slowly increasing. It’s great news for this state that is in desperate need of more revenue. September proved to be a highly profitable month for the sports betting operators here.

Reports claim that the state saw $305 million in sports betting handle last September. That’s nearly double from August’s handle. Most expect these figures to increase as the months go on.

Illinois is benefiting from its regulated online sports betting industry. Unlike some other states, Illinois allows residents to choose from a number of popular internet sportsbooks. It’s good news, as land-based sports betting is completely shut down here right now.

There is a lot happening with the gambling industry here. We are likely to hear more information on the Chicago casino in the near future. Make sure to stay tuned for updates!

Are you excited to see the new casino in Chicago open its doors? When do you expect this gambling property to open? Let us know in the comments section below.

Danville Casino Will Be Branded As Golden Nugget

Casino Roulette Table

The Danville casino currently being constructed will carry a national brand when it opens .

In an announcement made last Friday, the Developers of the Danville casino project said that Wilmot Gaming Illinois has entered into a joint venture with Tillman Ferttita’s Golden Nugget to build and operate a casino in Danville, Illinois pending regulatory approvals. The casino will be branded as Golden Nugget and feature a Landry’s Steakhouse.

Said Wilmot Gaming vice president James A. Wilmot on the deal:

“Wilmot is pleased to deliver Golden Nugget and GNOG to the City of Danville and is excited to partner with Tilman J. Fertitta. The Golden Nugget is a nationally recognized brand and strengthens the submission, provides additional opportunities, and upgrades the overall project. The Wilmot family would also like to personally acknowledge the efforts and support of the City Council and Mayor of Danville, IL; without their diligence and attention to detail this project would not be possible.”

Market Access

Under the definitive agreement, Golden Nugget is given exclusive right to offer online sports betting and if granted approval, Illinois online casino games. The deal also stipulates that Golden Nugget will provide a mezzanine loan of $30M to Danville Development for the construction and development of the Danville casino.

The market access agreement is valid for a term of 20 years. It has a provision that requires Golden Nugget to pay Danville Development a percentage of its online sports betting and Illinois online casino revenues, subject to minimum royalty payments over the term.

Golden Nugget Expansion

Wilmot Gaming Illinois is a subsidiary of the New York-based Wilmorite Management Group. Earlier this year, the company was chosen as the preferred developer of the proposed casino in Danville. The Danville casino project was one of the six approved casinos in 2019 by Gov. J.B. Pritzker.

The Illinois casino and sports betting project is an important part of Golden Nugget’s expansion strategy. Golden Nugget became one of the latest U.S. digital gambling company to announce a SPAC merger to grow its business. It is set to merge with special purpose acquisition company Lancadia Holdings II and go public on NASDAQ to avoid the more complex IPO route.

About Golden Nugget

Golden Nugget LLC is wholly owned by Tillman Fertitta through subsidiaries and affiliate companies. It operates five Golden Nugget Hotel and Casino properties in Las Vegas, Laughlin, Atlantic City, Biloxi, and Lake Charles. Landry’s is a subsidiary of Golden Nugget and operates high-end and casual dining properties nationwide.

On the other hand, Wilmorite’s casino development portfolio include First Council Casino in Oklahoma, Harrah’s Northern California, and Del Lago Casino, New York.

Illinois Casinos Ordered To Shut Down Again Beginning Friday

Casino Chips and a Deck of Cards

Illinois Gov. J.B. Pritzker announced in a news conference on Tuesday the complete shutdown of Illinois casinos. The decision comes in the wake of a surge in the COVID-19 virus cases during the past week.

Said Pritzker during the briefing:

“The simple fact is that COVID-19 is spreading quickly and widely. Our hospitals are beginning to experience real strain, and at the current infection rate they will be overwhelmed.”

Pritzker added that the effort would “pause a number of indoor activities where science shows us this virus can can easily spread.” He hopes that the measures will help bend the state’s current coronavirus curve without having to enforce a stay-at-home order for its constituents.

The shutdown follows the actions of Michigan after Governor Gretchen Whitmer ordered the state’s three commercial casinos closed for three weeks beginning Tuesday to curb the spread of the pandemic. Unlike Michigan’s shutdown, Pritzker didn’t give a timetable as to when the Illinois casinos can reopen. Illinois was one of the first states to shut down its casinos at the height of the pandemic last March Illinois casinos were forced closed on March 15, 2020 and were allowed to reopen on July 1st.

Tier 3 Mitigations

Pritzker’s move puts the state into what he termed as Tier 3 mitigations beginning 12:01 am on Friday. Under the new shutdown, retail establishments are ordered to drop to 25% capacity while groceries and pharmacies are limited to 50% capacity. Gyms car stay open at 25% capacity if masks are worn at all times and locker rooms are closed.

On the other hand, museums, theaters, and Illinois casinos will be completely closed. Impacted by the order are Caesars Entertainment and Penn National Gaming who each have three casinos in the state, Rush Street Gaming and Boy Gaming who each have one Illinois casino, DraftKings which has licensed its name to Casino Queen, and Jumer’s which is in the process of beng sold to Bally’s Corp.

Rise in COVID-19 cases

State Health Officials reported 12,601 probable and new cases of COVID-19 on Tuesday. That was the 12th straight day where the state had more than 10,000 cases During the past week, Illinois has averaged 12,381 COVID-19 cases per day. Overall, the state has accumulated a total of 597,849 cases since the pandemic began.

97 deaths were also reported on Tuesday, bringing the statewide total to 10,875. Over the past week, Illinois has been averaging 84 deaths per day which is the highest weekly average since June 2nd. During the height of the pandemic, the average deaths per day in the state was 100 deaths per day.

FanDuel Announces Multi-Milion Dollar Investment in Fairmount Park

Image of Horse Racers and Sportsbook Background
FanDuel Group, one of the top gaming companies in the United States, announced on Monday a partnership with Collinsville’s Fairmount Park.

Under the agreement, Fairmount Park will be rebranded and renamed as FanDuel Sportsbook and Horse Racing. In exchange, FanDuel will make a multi-million dollar investment to revitalize the venue while opening a retail FanDuel sportsbook in the property. Fairmount Park’s signature race, the $250,000 St. Louis Derby, will also be revived by FanDuel and TVG. The race has not been held since 20006 due to financial constraints.

Said Matt King, Chief Executive Officer of the FanDuel Group:

“We are delighted to partner with Fairmount Park to continue bringing high quality horse racing and soon additional entertainment experiences via our sportsbook to the region.Fairmount is an iconic state landmark which we plan to modernize bringing innovative technology and entertainment offerings only FanDuel can deliver.”

The Only Active Horse Racing Venue Outside Metro Chicago

Fairmount Park is one of the three active horse racing venues in Illinois and the only one outside of the Chicago metro area. The one-mile dirt oval track opened in 1925 and was the home of the St. Louis Derby which was last run in 2006. It has been approved to host a total of 53 live racing days in 2021 along with daily simulcast wagering on tracks throughout the country.

The Collinsville, Illinois track also has a pending application for a casino license. Last month, it was given a “preliminary suitable” status to add casino games. If its Racino license is approved, an investment of $50M is expected to be shelled out so that Fairmount Park can offer up to a combined 900 slot machines and table games.

No Stranger To Horse Racing

While the Fairmount Park deal is its first investment in a race track, FanDuel is no stranger to horse racing. Through the TVG brand, it broadcasts 60,000 horse races from more than 150 track via its two channels TVG and TVG2. TVG also simulcasts major horse racing events during the year with its resource-sharing pact with NBC Sports, NBC SN, and NBC regional sports networks.

It is also a major sponsor of marquee horse racing events like the Breeders Cup World Championships, TVG Pacific Classic, TVG.com Haskill Invitational, and other races at Keeneland Racecourse in Lexington. It has also made an impact by introducing the FanDuel Horseracing Product and daily fantasy contests to marquee events. It recently launched and advanced deposit wagering (ADW) platform designed for novice racing fans.