With all the success New Jersey is experiencing with Sports betting, it comes to no surprise to see West Virginia wanting a share of the action! With that said, DraftKings (DK) is ready to expand beyond the Garden State.
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Indeed, recently, they inked a new deal with Hollywood Casino in WV, and they’ll go live sometime in 2019. Well, providing that the pending regulation gets a thumbs up! So without further ado, let’s examine the details that led DK to expand beyond New Jersey!
DraftKings Expansion Plan
DK sure wasted no time to get the ball rolling in WV. And that’s despite having their hands full with everything that is currently happening in New Jersey.
To sum up, their plans to expand comes at a time where the company is enjoying a lot of success. Indeed, since August, DK paid out more than $250 Million to sports fans all over the garden state! Not to mention, they’ve also recently opened a shop at Resorts Casino. What’s more is that DK was also one of the first company to launch a digital sportsbook in NJ.
In conclusion, online sports betting in NJ has done more than inspire other states to join the success. They’ve actually motivated states into action! In this case, WV is a prime example. The truth is, the financial results sportsbooks are delivering are promising and somewhat irresistible!
After all, it only took a couple of months for online sports betting to surpass retail revenue in the state! That alone is enough to get everyone’s attention! And from the looks of things, it’s clear WV is definitely paying attention.
On that note, we can expect to see much more new business between NJ and the Mountain State! So stay tuned as this will get very exciting as we begin a new year!