Operator News
FANTASY SPORTS & ESPORTS
An Illinois High Court has ruled that fantasy sports bets do not constitute gambling, ending a case which began four years ago after two Illinois residents, Colin Dew-Becker and Andrew Wu each entered into a fantasy sports contest on FanDuel. Te loser of the contest Colin Dew-Becker sought to recover his bet under Te Loss Recovery Act an act which dates back to 1819 in order to to retain his money. Te 200 year old statute allows gamblers to get their money returned if the bet was placed on an illegal wager. Dew-Becker claimed that FanDuel contests are a form of gaming, and all forms of sports gambling were illegal under Illinois law at the time.
However the the court ruled, that fantasy sports are games dominated by skill, not by chance meaning that the statute cannot be applied to daily fantasy sports betting
Rush Street Interactive has launched its online sportsbooks at
BetRivers.com. Trough its partnership with JP McGill's Hotel & Casino, located in Cripple Creek, Colorado. Colorado’s sports betting industry launched May 1.
"We are thrilled to debut our
BetRivers.com brand in Colorado and offer sports bettors our unique and compelling player experience that our customers in other states already enjoy," said Schwartz. "We know sports bettors throughout the state of Colorado are really going to appreciate the ease and convenience of being able to place wagers online from the comfort of their homes. We are eager for Colorado players to give our
BetRivers.com web/mobile site a try to see why so many players in other states have chosen to bet with our sportsbook."
Players can register online and via
BetRivers.com.
BetRivers.com offers bets on a variety of U.S. and worldwide sports that are currently playing, as well as future bets on all major U.S. sports, including the NFL, NBA, NHL and MLB.
JP McGill's Hotel and Casino is located in the heart of historic Cripple Creek. Te casino houses 900 of the newest and state-of-the-art slot and video games, the city's only live poker room as well as blackjack, roulette and craps.
Te Premier Lacrosse League (PLL) has appointed Genius Sports Group as the Official Sports Betting Data and Integrity Partner of the sport. Genius Sports Group will, for the first time, control a host of live betting markets on the PLL, delivering new content for sportsbook operators in the US and globally.
PLL Co-Founder and CEO Mike Rabil said: “We feel like the PLL is the most innovative sports league in the world and today is another testament to the hard work of our leadership team.”
Mark Locke, CEO of Genius Sports Group, said: “Being selected by the PLL to launch their live wagering offer is testament to the quality and breadth of Genius Sports Group’s sports technology solutions.
“Te PLL is committed to delivering the ultimate digital fan experience with sports wagering providing a new competitive outlet to interact with every play of every game. We’re thrilled to be
partnering with such an innovative and forward- thinking league, representing one of America’s most popular and respected sports.”
Te Premier Lacrosse League announced on May 6 the return of professional lacrosse with the start of the PLL Championship Series Driven by Ticketmaster, a two-week quarantined and ‘fanless’ tournament scheduled to run on NBC and NBC Sports from July 25 through August 9 in what would’ve been the Tokyo Olympics window for NBC. Te Olympics were postponed a year because of the virus. NBC is the PLL’s broadcast partner.
DraftKings has said that it was continuing to make progress on its key priorities despite the effects of the COVID-19 pandemic. Te statement came as DraftKings Inc. reported its financial results for DraftKings’ and SBTech’s first quarter ended March 31, 2020, achieved prior to the completion of the companies’ business combination with Diamond Eagle Acquisition Corp. on April 23, 2020.
“We are uniquely positioned at the intersection of digital sports entertainment and gaming in a rapidly growing industry,” said Jason Robins, DraftKings co-founder, CEO and Chairman of the Board. “DraftKings recorded standalone Q1 year- over-year revenue growth of 30 per cent despite the effects of COVID-19. Additionally, the engagement we continue to see from our customers validates the connection they have with our content, their passion for our products and most importantly their loyalty to our brand.”
Te company said that it had responded to the lack of major sports by creating “new product offerings that are keeping customers engaged, such as fantasy sports and betting on eNASCAR, Counter Strike, and Rocket League.” Te company said that it did not anticipate an impact to FY2021 or long- term plans due to COVID-19.
DraftKings recently acquired live betting streaming rights to the Bundesliga. All DraftKings Sportsbook customers with an account balance greater than $0.00 will be able to watch live games from the company’s mobile platform in New Jersey, Pennsylvania, Indiana, Colorado, West Virginia and New Hampshire. DraftKings acquired the rights from Sportradar, which bought the rights directly from the Bundesliga to license their live feed. Te German Bundesliga restarted in May behind closed doors.
"Because the outcomes of head-to-head DFS contests are predominately skill based, we conclude that (Dew-Becker) was not engaged in ‘gambling’ with (Wu) as required… We determine here only that the DFS contest at issue in this case does not fall under the current legal definition of gambling.” Chief Justice Anne Burke wrote in the majority opinion.
Te Milwaukee Brewers has announced a partnership with fantasy sports gaming platforms Monkey Knife Fight. Monkey Knife Fight will be the professional baseball team’s official and exclusive Daily Fantasy Sports site, and the company will be prominently displayed throughout the Brewers’ Miller Park branding and online assets.
In addition to the partnership, Monkey Knife Fight has contributed $50,000 to the Brewers Miller Park employee relief fund. Distributions from the fund are supporting Miller Park employees who are out of work due to the pandemic.
Bill Asher, Founder and CEO of Monkey Knife Fight, commented, “I am excited to partner with an organisation so focused on their MLB families during this time. We are proud to do business with a company that makes it a priority to take care of their employees. MKF is honoured to aid the Brewers in that effort. Further, we are excited to partner with an organisation which represents some of the best baseball fans in the country.”
Monkey Knife Fight have recently announced partnerships with Enthusiast Gaming to utilise top influencers on their expansive media platform and with SoaR Gaming to increase the company’s image and brand awareness in the esports industry. Monkey Knife Fight is partnering with SoaR Gaming to create a free-to-play contest series centred around upcoming Fortnite tournaments. Since launching in autumn 2018, MKF has grown to be the third largest DFS platform in North America.
NEWSWIRE / INTERACTIVE / MARKET DATA P29
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