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FanDuel Group to launch online sports betting and casino

GAN and IGT will provide the technology platform for both. “Online sports betting ‘go-live’ preparations for FanDuel are well advanced and we remain confident in launching integrated sports betting alongside our existing internet casino later this year,” said Dermot Smurfit, GAN’s CEO. They are among many companies racing to get in on both of New Jersey’s growing gambling markets. Sports betting in New Jersey began last month, generating $16.4 million in bets during its first two weeks. Internet gambling has grown steadily in New Jersey since its November 2013 launch and provides about 10 percent of the Atlantic City casinos’ revenue. So far, two casinos, the Borgata and the Ocean Resort, and two racetracks, the Meadowlands and Monmouth Park, offer sports betting. Ocean Resort’s internet gambling site had its first full day of operation on Tuesday, becoming New Jersey’s 27th licensed internet gambling site. But many others have applied for permission to offer sports betting as well, and all of them hoping to be up and running by the time the first NFL game kicks off in the first week of September. The Golden Nugget and Resorts have applied for in-person and mobile sports betting. Hard Rock is awaiting approval of its application, and the three casinos owned by Caesars Entertainment have applied for in-person betting, mobile betting or both.

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