DraftKings applies for sports betting license in New Jersey
DraftKings' application for a Casino Service Industry Enterprise License has been "accepted for filing" by the New Jersey Division of Gaming Enforcement (DGE), marking a key step towards licensure in the U.S.
"The New Jersey DGE has been on the leading edge of creating a smart, consumer-focused sports betting framework in the Garden State," said Tim Dent, Chief Compliance Officer and Chief Financial Officer at DraftKings. "We are working with New Jersey officials toward a public rollout of a DraftKings sports betting product."
DraftKings recently announced it selected Resorts Casino Hotel as its New Jersey casino licensing partner, satisfying an expected regulatory requirement for the company to offer an online sports betting product in the state. With plans to leverage its state-of-the-art technology, prominent sports entertainment brand and more than 10 million registered customers, DraftKings is poised to become a major player in the estimated $150 billion sports betting market.
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