DraftKings strikes deal to enter sports betting market in Illinois

DraftKings, an American Daily Fantasy Sports Contest and Sports Betting Provider, has announced that it has entered into a multi-year deal with Casino Queen in terms of which the provider will operate a retail Sports Book and Mobile App in the Prairie State.

The agreement between the parties follows the launch of Online Sports
Betting in Illinois two weeks ago and sees DraftKings avoiding an 18 month
delay to enter the market in Illinois.

Only sports books in brick-and-mortar casinos were given the ‘go ahead’
to operate when sports betting was launched by the state in March 2020, which
left online-only companies 540 days behind.

Illinois has the sixth-largest population in the country and is the
third-largest city with five professional sports teams across the four major
leagues and could follow Colorado in becoming a hot market very quickly.

Governor J.B. Pritzker suspended mandatory in-person registration in early
June, resulting in the sports betting landscape in Illinois changing
significantly.  The suspension was due to
the COVID-19 crisis, giving residents the opportunity to register directly from
mobile devices or computers.

Pritzker’s suspension of in-person registration is due to play an
important role in getting its mobile app off the ground and it will be
interesting to see whether or not the state will ever go back to in-person
registration.

If DraftKing manages to launch in Illinois by mid-July, it will have a
chance to plant itself in the state just before the return of the National
Basketball Association and the Major League Baseball.

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