FanDuel Group To Launch Online Sports Betting & Casino

By WAYNE PARRY, Associated Press

ATLANTIC CITY, N.J. (AP) — FanDuel Group says it will launch online sports betting and an internet casino, hopefully in time for the start of football season.

In this Saturday, July 14, 2018 photo a clerk hands a sports betting ticket to a gambler at the Meadowlands Racetrack in East Rutherford N.J., minutes after it started accepting sports bets. FanDuel Group says it plans to offer sports betting for the track, and a full internet casino operation in time for the start of football season in September. Sports betting in New Jersey began last month, generating $16.4 million in bets during its first two weeks. (AP Photo/Wayne Parry)

FanDuel, which is mostly owned by Ireland-based Paddy Power Betfair, will provide online sports betting with the license of the Meadowlands Racetrack, and internet gambling through its licensing affiliation with Atlantic City’s Golden Nugget casino.

GAN and IGT will provide the technology platform for both.

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.

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