DraftKings was the first legal online sportsbook to launch in New Jersey. Through a secured partnership with the Resorts Casino Hotel in Atlantic City, DraftKings gained licensed access to launch their sportsbook mobile app as well. Is the DraftKings sportsbook app available on the Apple and Google Play Store? DraftKings Sportsbook officially launched in New Jersey in early August 2018 after a trial soft launch time period, making them the first sportsbook to go live in the state. At the brick-and-mortar, DraftKings Sportsbook location at Resorts Casino in. DraftKings Sportsbook was the very first New Jersey betting site to go online after the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA) in May of 2018. It launched in August of 2018 and has become. New Jersey Office PO Box 399 Hoboken, NJ 07030 We are regulated by the New Jersey Division of Gaming Enforcement as an Internet gaming operator in accordance with the Casino Control Act N.J.S.A. 5:12-1 and its implementing regulations. A representative for FanDuel Sportsbook (New Jersey’s most profitable sports betting operator) estimated that 25% of online customers hail from New York. The state’s second-largest operator, DraftKings Sportsbook, did not provide a figure, but it would be reasonable to assume the percentage is comparable.
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The First Signs of a DraftKings Sportsbook in New Jersey
There is a clear distinction between Daily Fantasy Sports (“DFS”) and sports betting, but that hasn’t stopped DFS sites like DraftKings from exploring the potential opportunity made possible after the overturning of the federal sports betting ban. With individual states exploring the legalization and regulation of sports betting, advertisements for “DraftKings Sportsbook” have already been spotted in New Jersey and have applied for a sports betting license there.
A DraftKings Sportsbook is Coming
Draftkings Sports Betting New Jersey
Many questions are still up in the air with regard to DraftKings, DraftKings Sportsbook, and how the two will relate.
Draftkings Sportsbook In New Jersey
Will the two products exist within a single platform? Will players be able to transfer funds between DraftKings and DraftKings Sportsbook? Will players need to create new accounts on DraftKings Sportsbook to make wagers? Will DraftKings Sportsbook players in New Jersey (likely the launch pad of the new product) be able to play outside of the state on the same platform?
The recent attitude shift on sports betting leaves many details still to come in the expansion of the industry beyond the borders of Nevada. With DFS sites already engaging their users through mailing lists for new information on their sportsbook platforms, it will be interesting to see how major players like DraftKings market to their existing audience of loyal DFS fans.
Where Will Sports Betting be Legal?
Other than New Jersey (which legalized sports betting in June of this year), several other states are taking the necessary steps to get in on the potential boon of legalized sports betting. Discussions continue in New York and Pennsylvania, while West Virginia and Mississippi both have soft targets of live sports betting before the end of the summer.
DraftKings Sportsbook Mobile Wagers
One of the most exciting things about sports betting gaining traction now is the proliferation of mobile accessibility. Top 10 online betting sites. Just like you can set lineups from your mobile device on the DraftKings app, the simplicity in sports betting from your phone certainly makes a DraftKings Sportsbook app even more appealing.
The distinction between fantasy sports and gambling is clear and necessary, so it appears likely that DraftKings Sportsbook will have a unique app separate from the daily fantasy offering. That said, there could be interlinking between the apps and single-account functionality that makes it easier for existing DraftKings DFS players to make sports bets.
Types of DraftKings Sportsbook bets
While the product is not yet available, users are likely find the standard sportsbook options available on the platform. The available formats could include:
Money line: Money line bets may confuse first timers at first, but they’re actually quite simple. The money line is basically a positive or negative number. A positive number like +150 means that if you bet $100 on whatever is attributed to that line, you would win $150. A negative number like -150 means that you would need to bet $150 in order to win $100. Gambling slots games. Positive numbers are associated with underdogs, while negative numbers are associated to favorites.
Point Spread: These are likely the format that users understand the easiest. Best betting site promos. The sportsbook sets its best guess of how many points one team will defeat the other team by. The bettor then places a wager on whether the team projected to win will exceed that amount or if the team projected to lose will lose by less than that amount.
Draftkings Sportsbet
Over/Under: Another fairly simple type of sports bet, the sportsbook predicts a number for a given game (typically the combined total score of both teams) and then the bettor makes a wager on whether the actual total score will be over or under this amount.
Parlay: For bettors interested in higher risk/higher reward outcomes, parlay offers the ability to make wagers on multiple outcomes in a single wager. If the bettor is correct on both outcomes (for example a point spread of -6.5 and an over/under of 200), the payout is higher than had a user wagered on each individual bet. The caveat is that the bettor must be correct on all of the outcomes in order to win a payout.
Props: Prop bets are an interesting bet type, in that typically the proposition isn’t necessarily related to the final result or outcome of the game. Things along the lines of “player X will score more points than player Y” or “team A will win the coin toss” are common types of props that users should expect to see if and when prop bets are made available in the DraftKings Sportsbook offering.
Aside from these traditional sports betting formats, there could be new and unique game types that take advantage of the updated legal standing of the industry. There are exciting and innovative possibilities within the larger market of sports betting that DraftKings Sportsbook will surely use to its advantage.
DraftKings Sportsbook promo codes and bonuses at launch?
As with new product launches – particularly in the DFS industry – there are likely to be deposit bonuses on DraftKings Sportsbook at launch. These bonus offers will likely help users ease into the sports betting world in case they haven’t made a wager before. The platform will have ample opportunity to attract a large player base, both from existing DraftKings DFS players as well as the broader market of sports viewers interested in making legal sports bets.
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Regardless of what form DraftKings Sportsbook takes, we here at RotoGrinders are certainly excited about the possibilities. Expanding the available formats, products, and operators in the space means a wider audience and unique opportunities to enjoy sports in different ways.