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FanDuel Group to launch online sports betting and casino

FanDuel Group to launch online sports betting and casino

FanDuel Group has announced its plans of launching online sports betting and an internet casino in New Jersey before the start of the football season.

FanDuel, most of whose share is owned by Ireland-based Paddy Power Betfair will be providing online sports betting with license of the Meadowlands Racetrack and  it would permit internet gambling through the license affiliated by Atlantic City's Global Nugget Caisno.

IGT and GAN will be providing the technology for the online gaming activities.

"Online sports betting 'go-live' preparations for FanDuel are going on in full swing and we are full confident of launching integrated sports betting along with our existing internet casino," said Dermot Smurfit, GAN's CEO.

Many companies are in race for getting into the fray of both of New Jersey's growing gambling markets.

New Jersey began offering Sports betting last month and it has generated $16.4 million in first two weeks.

Internet gambling has grown tremendously since 2013 and it also provides 10 percent of the Atlantic City casino's revenue.

The Golden Nugget and Resorts have also jumped into the fray and have appealed for in-person and mobile sports wagering.

While the Hard Rock is waiting for an approval of its application, three casinos which operate under Caesars Entertainment have also applied for in-person betting, mobile betting or both.

They have appealed for In-person betting to be held at Harrah's and Bally's which will also give its service in  the adjacent Caesars casino, and the company will offer mobile sports wagering aligned with all three of its Atlantic City casinos.

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