DraftKings NJ Expects Live Casino Online Soon
DraftKings is making big moves in the NJ online gambling space as they plan to launch a new live casino online product in the near future.
With the help of Evolution Gaming, DraftKings has been building its NJ online casino platform in the past several weeks. DraftKings was known as a sports-based operator, however, it is taking advantage of the NJ online gambling market and stepping into the casino world. DraftKings Casino is available through the DraftKings' NJ sports betting app.
Evolution’s live casino online studio
The agreement between DraftKings and Evolution will bring table games produced by Evolution’s Atlantic City studio to DraftKings' already popular online gambling platform. Stockholm-based Evolution Gaming currently has a live studio in New Jersey's Atlantic City. The studio opened up in August of 2018 and has since provided live casino online experiences to many other online gambling operators including Resorts Casino Hotel, 888casino, Hard Rock Hotel & Casino Atlantic City, Ocean Resort Casino Atlantic City, and PlaySugarHouse.com operated by Rush Street Interactive.
DraftKings dynamic approach to NJ online gambling
DraftKings was the largest NJ online gambling operator in December of 2018 and before that, a solely DFS company. The company was the first operator in New Jersey to offer online gambling. It's ample technology and sports knowledge gives the company a dynamic approach to this market.
James Stern, Evolution’s chief business officer expressed his enthusiasm for working with DraftKings, stating that DraftKings was the first of its kind to launch in the NJ online sports betting market, a mere few months after filing for its license.
Jamie Shea, senior director of digital sportsbook for DraftKings, explained that DraftKings was working towards the goal of being a convenient “true one-stop destination” for players in the NJ sports betting market as well as for future markets in the U.S.
As the operator expands its reach across the NJ gambling market, it has been accomplishing a lot of firsts. After accepting the first online sports bet, DraftKings opened a retail sportsbook at Resorts Casino and is now making headway with their first NJ online casino. Once this platform is running at full force, DraftKings is expected to become the new dominating revenue leader in NJ online gambling.
The evolution of Evolution Gaming
After Evolution Gaming launched its live casino studio in New Jersey, it immediately set its sights on future US online gambling markets. One, in particular, Pennsylvania, has been anticipated by many online gambling companies. However, recently the U.S. Department of Justice revisited the 1961 Wire Act and viewed that this law may apply to other forms of online gambling outside of sports betting, therefore, the Pennsylvania market is not looking so hopeful anymore. The DOJ announced a delay in enforcing this new Wire Act, giving online operators a 90-day window to comply with the new views. Pennsylvania licensees have paused their momentum in launching their local operations. The acquisition of Ezugi, Evolution's live casino online rival is expected to boost the company's revenue by 2-4% this year.