The pairing highlights the scramble among gambling, bookmaking and technology companies to position themselves to gain a large share of the nascent sports betting market now that the U.S. Supreme Court has cleared the way for it.
"Everybody knows there's a big opportunity out there," said Jason Robins, CEO of DraftKings. "It's a new thing, so people are trying to see how they want to go about it, who they want to partner with. Anytime you've got a big market about to be created, there's so much opportunity out there that everyone should benefit, as long as you do it the right way."
Morris Bailey, the owner of Resorts, welcomed the new revenue stream and called DraftKings "a dynamic brand. The market is huge. It's how much of that market we'll be able to get."
DraftKings plans web-based and mobile operations, and will offer numerous in-game betting opportunities in addition to more traditional bets on the outcome of games.
Robins said his company is best positioned to succeed in the new market and is "ready to go" as soon as it gets the green light from New Jersey regulators. A bill to regulate sports betting could be approved in early June.
Source: GMB / RocketCityNow / The Associated Press
