DraftKings Launches Online Casino In Pennsylvania In May

DraftKings Launches Online Casino In Pennsylvania
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DraftKings, the fantasy sports giant, is scheduled to release its online casino platform in the state of Pennsylvania in the first weeks of May. The fantasy sports giant collaborated with the Penn National Gaming site Hollywood Casino in developing the platform.

The new casino platform will offer games, including Blackjack, Roulette, and different forms of poker, as well as slot games and many other attractions.

Diversion away from fantasy sports offering

The company launched the platform to move its focus away from the core of its business, the Fantasy Sports offering. The move is also aimed at extending the firm’s selection of fantasy sports. DraftKings also expands its portfolio by developing new fantasy esports gaming that features popular games in the industry.

Clients can access the DraftKings’s casino platform through a DraftKings Sportsbook app, downloadable for free, for both iOS and Android devices. The company recently updated its app to include the additional games available for the online casino platform. The online casino platform is only available in Pennsylvania at his time.

DraftKings’s expansion this year

At the start of the year, the company launched the DraftKings Nation Partnership with SB Nation. It was followed by another partnership with the Madison Square Garden of New York. Two months ago, the company started offering Daily CS: GO Fantasy Esports and the League of Legends Esports last month. DraftKings collected $300,000 that will serve as a price for an eNASCAR Fantasy winner.

The fantasy sports giant is also busy developing its Fantasy Sports and Fantasy Esports features as they plan to widen its portfolio. The company had a very 2020 revealing various sports options and a new online casino.

The company is known because of its wide range of fantasy sports that are mainly American-based. DraftKings now offer exciting fantasy games, including Hockey, MMA, Collegiate level sports, Australian Rules football, and Tennis. Its CS: Go fantasy games like Fantasy League of Legends, and Fantasy Rocket League are now available on the site, attracting esports fantasy fans.

Esports is now gaining momentum, spreading its influence around the globe, and the industry is currently advertised on the internet and in mainstream media. Enthusiasts can now access esports betting, along with esports casino games, in their mobile phones.

The latest development in DraftKings shows that there is an increase in the frequency of people that enjoys DraftKing’s wagering games. Clients are also attracted to its wide range of casino games. The company is expected to soon expand its operation outside of Pennsylvania.

DraftKings Receive Soros Funding

Recently, DraftKings Inc. received the stake amounting to $66 million made by George Soros, one of the investors to purchase shares in the fantasy sports betting giant.

According to the filing last week with the US Securities and Exchange Commission, Quantum partners, run by Soros Fund Management, owns 2.7 million Class A shares in the company.

The company gained investments from big-time investors as it faces the competition in the growing esports market. The company gained major investments from companies since it started operations in 2012.

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