Daily Fantasy Sports operator FanDuel may be set to create an online casino in the state of New Jersey.
New Jersey is the number one state in the US when it comes to online gaming. There are several online casinos to choose from when it comes to playing table games, slots and poker online, with two new options having just launched via Ocean Resorts Casino and Hard Rock Atlantic City. Now, it has been revealed that possibly, yet another new casino will be launching, but this time from an unexpected brand.
From DFS to Online Casino
FanDuel is a name that is associated with daily fantasy sports. As one of the top operators in the DFS industry, the brand is well-recognized by sports fans. With the ability to now offer sports betting legally, FanDuel has now begun to enter into the betting industry, extending their reach within the gambling market. Now, it seems the brand is also considering moving in to the online casino arena as well.
Sources have told Online Poker Report that FanDuel has plans to apply for an online casino in New Jersey, set to offer table games and slots. How this will be done is still anyone’s guess. FanDuel was recently acquired by Paddy Power Betfair and will be used as the company’s face in the United States. PPB plans on using FanDuel for horse betting, online gambling and more.
PPB operates the Betfair online casino in New Jersey, so it makes sense that they would consider using their new acquisition to create yet another online casino brand in the state. The brand of FanDuel is recognizable and already has a database of players, which would be helpful in getting started with an online casino site.
FanDuel already operates a sportsbook in New Jersey and is set to offer sports betting in New York along with West Virginia. Even further evidence suggests that FanDuel will be the main driving brand in the US for PPB. It was announced earlier in the month that Betfair US will be renamed to the FanDuel Group.
Third Party Suppliers
The FanDuel Group has been able to secure deals with third-party suppliers to be able to offer online gaming and sportsbetting in the US. For the sportsbooks of FanDuel, the bookmaking services will be completed via IGT, the company that will provide the gaming platform. According to PPB:
IGT also supplies platforms for online casino sites. So, the FanDuel Group could actually use IGT for online casino gaming as well. Additional partnerships were inherited by the FanDuel Group within the PPB sale, including ones with the Golden Nugget and GAN. Both of these entities have been responsible for Betfair to have an online casino. These same partnerships could also be used to allow FanDuel to offer an online casino in New Jersey.
So, now we just wait and see if FanDuel will launch an online casino, what it will offer and how it will provide services. We should expect to see the brand offer more information in the coming weeks. It will be interesting to see if the brand will find a following in an already crowded market. There are so many online casinos in operation, but every one on offer continues to do well, as the market earns over $20 million each and every month from online casino gaming. FanDuel’s offering will hopefully be able to contribute to the overall bottom line, helping the state to increase their overall monthly earnings even more.