Louisiana approves DraftKings fantasy sports betting licence

Louisiana gambling regulators have approved DraftKings' betting licence for fantasy sports, allowing the operator to move forward with its operations in the state

Louisiana gaming regulators make approved DraftKings' betting licence for phantasy sports, allowing the operator to make a motion forwards with its operations inwards the state.

Sports betting will live usable in 47 come out of 64 parishes, and DraftKings has promised its services will shortly be live, although the Associated Press reports in that respect is no scheduled pop out appointment yes.

“As DraftKings continues our nationwide expansion, we receive Louisiana to the DraftKings family, an country rich with culture, heritage and die-hard fanbases inward both pro and college sports,” said Matt Kalish, President of DraftKings Frederick North America.

Fantasy sports betting involves forming a fantasy squad from various professional person players and tracking scores based on the execution of those players inward tangible games.

The make a motion to get fantasize sports effectual was actually decided inward 2018 when Louisiana's parishes voted on whether they need to legalise the activity inwards their regions. The Gaming Control Board then worked to O.K. single(a) operators and DraftKings submitted its licence bid.

The regulatory office expects DraftKings to take inward $15.5m inward nett revenue for the current budget year, and the state would and then pull in near $1.3m in taxes. Betting will only when follow usable to players who are over 21 years old and domicile inwards the parishes that voted to legalise fantasy sports betting.

However, players who go to authorised parishes will also reportedly be allowed to come in their bets.

Louisiana’s players are relieve ready and waiting(p) for the favourable reception of sports betting on live-action games that was legalised inwards 55 parishes; but the authorities stock-still haven’t finalised regulations and the coating outgrowth for this cast of gambling, with no more possible timeframe provided.