FanDuel Acquires Sports Betting License in Pennsylvania - News : News
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During a recent Pennsylvania Gaming Control Board (PGCB) meeting, emergent online sports betting leader Fanduel was finally handed a license to offer its sports betting services in the state. Betfair Interactive LLC., FanDuel’s parent company, has been awarded a “Conditional Sports Wagering Operator License” which means that the operator can now begin preparing to launch its much-anticipated sports wagering business.

As stipulated by Pennsylvania gaming laws, FanDuel was required to have a partner in order to offer its services and the company chose to go with the Boyd Gaming’s Valley Forge Casino Resorts which is based in King of Prussia. The partnership between both companies will cover both land-based sports betting and online sports betting activities – the land-based sportsbook will be the fifth sportsbook to launch in the Philly where there are already four other amazing retail sportsbooks.

While Valley Forge Casino Resort was awarded a sports betting license by the gaming control board in December 2018, FanDuel was forced to wait a few more months as its application was reviewed. The casino operator was able to get the sixth sports betting licenses at a cost of $10 million and is set to be one of the biggest players in the Keystone State’s sports betting market.

Most gamblers will definitely be more interested in the mobile sports betting options that the casino is set to offer alongside FanDuel. However, they will need to wait a little longer thanks to recent complications that have been brought about by the recent reversal of the Wire Act of 1961 by the United States Department of Justice. Still, the physical Valley Forge sportsbook that is scheduled to launch in April is definitely a great place to start for both the operator and the customers – the customers will not only benefit more because Valley Forge will need to bring their A-game with their casino offering but also because with so many competitors in the market, there will be way more options.

Pennsylvania Is Not Done Yet

Other developments that came from the PGCB hearing was the approval of Greenwood Gaming’s sportsbook at its Valley Forge Turf Club. Even though the off-track betting parlor will be located near the Valley Forge Casino Resort, the two are not affiliated with each other in any way.

NetEnt Americas, LLC., and GAN PLC also got Interactive Gaming Manufacturer Conditional Licenses that will allow them to collaborate with the established casino operators in the state to offer their neat array of services in the states vast and rapidly growing gambling market.

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