It seems like daily fantasy sports are growing their presence in many US states. As we’ve reported, Louisiana finally approved daily fantasy sports legislation and it’s expected that the operators will be up and running by the end of this year. This will allow players to take part in the 2020 gaming season. Moreover, it was announced that the most popular daily fantasy sports companies DraftKings and FanDuel launched new online casino apps in the US.
As these companies are in the focus of the US gaming market for the previous months, we’ve also reported that DraftKings will enter the Illinois sports betting market. Now, it’s official that both FanDuel and DraftKings received temporary operating permits in Illinois, just in time for the restart of some major sports leagues.
Both operators may enter Illinois without their own master licences
Last week, the Illinois Gaming Board issued temporary operating permits to FanDuel and DraftKings that allow them to launch and operate in Illinois when their land-based partners receive master licences. These companies are the last to be prepared for a launch in the state, just before the restart of some major sports leagues like NBA and MLB.
FanDuel and DraftKings almost didn’t receive permits for entering the legal Illinois sports betting market. That is due to the “bad actor” clause in the legislation that prohibited companies which had previously offered daily fantasy sports betting from receiving a master licence for 18 months. That changed when DraftKings signed a deal with Casino Queen and can now operate under its master licence. So, by entering into partnerships with a land-based operator, both companies can enter the Illinois market without having a master licence on their own, if their partner holds such a licence.
Tim Dent, the chief operating officer at DraftKings, confirmed that the company received its temporary operating permit in Illinois and that they’re looking forward to continuing to work with the Illinois Gaming Board. On the other hand, FanDuel has not yet announced a partner in Illinois.
FanDuel celebrates the restart of sports leagues with a new initiative
In the meantime, FanDuel announced that it has given out $80 million in site credits, to celebrate the restart of the biggest sports leagues. All customers, both existing and new ones, that have a daily fantasy sports account or an online sportsbook account, received $10 in their account in site credit this week. According to the company, the credit must be used by August 2 or it will expire.
Mike Raffensperger, the chief marketing officer at FanDuel, said that the company is excited for the return of sports and wanted to give all their customers a chance to get in on the action for free. This credit is a thank you to all customers for their loyalty during the period without sports leagues. As it was announced, the National Basketball Association (NBA) will return on July 30, the regular Major League Baseball (MLB) season will start today (23 July), and the National Hockey League (NHL) on August 1.