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The CEO of DraftKings, the Boston based daily fantasy sports contest provider disclosed that the potential legalisation of sports betting would be an “enormous” growth opportunity.

It is anticipated that the Supreme Court of the United States (SCOTUS) would revoke the Professional and Amateur Sports Betting Act (PASPA) of 1992 promptly and the betting companies are getting ready to plunge in. That is why Jason Robins, the Chief Executive and Co-Founder of DraftKings, explained that the legalisation of sports betting in the US represents an “enormous” growth opportunity for the company.

Robins explicated that the company had avoided sports betting due to potential legal problems in the US, but said it is waiting for the verdict of the PASPA case. “It’s not like sports betting is a new activity that all of a sudden is going to be there,” Robins explained, adding: “It already exists, it’s just happening on the black market now.”

Sean Hurley, DraftKings’ newly designated Head of sportsbook, will focus on preparing a sportsbook as a “potential new line of business” for the company, should the US Supreme Court opt to allow the national market to be expanded.

Furthermore, FanDuel is excogitating a potential reverse merger with a special investment company, Platinum Eagle Acquisition Corp., news website, reported. Like DraftKings, the company aims to manoeuvre itself into a good position should PASPA gets revoked.


Source: European Gaming Media and Events