This news comes as a partnership between FanDuel and Boyd Gaming, which will see the Fanduel brand become the new name for the sportsbook inside the downtown Fremont Hotel Casino.
FanDuel’s Entrance to a Top Sports Betting Market
FanDuel has long been a leading name in daily fantasy sports, but now the company is expanding its reach with the launch of its sportsbook in the Silver State. The FanDuel Sportsbook offers a wide range of betting options on all of the major American sports, including basketball, baseball, football, and hockey.
Through FanDuel’s relationship with Boyd Gaming, which owns 5% of it, FanDuel is likely to be added to the growing competition in Nevada.
The agreement provides that even though the brand will be changed, the employees will remain. It does not include the go signal for FanDuel Mobile Sports Betting App in Nevada but may work out soon as the regulatory process goes.
Boyd Gaming spokesperson, David Strow stated the organization’s willingness to update the public about the regulatory development of the upcoming launch.
“We believe the FanDuel Sportsbook would be a great addition to the Fremont and the downtown area. We look forward to sharing more details following the receipt of required regulatory approvals.”
Fanduel as an Asset to Boyd Gaming
Boyd Gaming is a leading provider of gaming and entertainment in the United States. With operations in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania, Boyd Gaming is dedicated to delivering the best possible gaming and entertainment experience.
With a commitment to customer service and a focus on providing an enjoyable gaming experience, it’s no wonder that Boyd Gaming is one of the most respected names in the industry. Last month, during the company’s second-quarter earnings conference call, Boyd Gaming CEO, Keith Smith stated the organization’s plans in the US.
“We also continue to expand our presence in sports betting and online gaming. Kansas and Ohio recently passed sports betting legislation and with our partner FanDuel we plan to offer retail and mobile sports betting in both states,”
“Subject to regulatory approvals, we expect to launch sports betting in Kansas in the fall and Ohio around the first of the year, expanding our FanDuel partnership to eight of our nine regional states,” Boyd CEO added.
He also expresses the significance of FanDuel as an asset to the company:
“Our 5 percent ownership of FanDuel is an important strategic asset that will grow more valuable as sports betting expands and FanDuel continues to build on its position as the nation’s leader in online sports betting.”
These may be attributed to FanDuel’s continuous dominance in the US sports betting market
as a Southern California-based advisory, and research firm stated that FanDuel accounts for 46.6% share in terms of collected revenue with $744.2 out of the $1.6 billion total in the last three months.
Additionally, FanDuel also shares a massive 39% of the $4.9 billion generated by the national online sports wagering market. Only DraftKings and BetMGM had a double-digit market share in the same category but are still far behind FanDuel numbers.