DraftKings Sportsbook users can wager on the vast majority of teams, sports and events. However, some state betting regulations prohibit wagering on certain sports or athletic events. New Jersey and New Hampshire, for example, do not allow betting on collegiate sports teams from within their jurisdictions. These prohibited bets. Best opportunities outside US sports betting? In fact, B2B technology as a whole is a hot sector given the success of DraftKings/SBTech and more recently Bally’s and Bet.Works. “We’ve been surprised by the number of US betting operators wanting their own tech stack,” French said. New Jersey + the rest of the US. But what is working in New Jersey may not work in other states, said Shea. One year later, DraftKings is preparing to enter any and all states that pass legal sports betting legislation and to which they have an invite. It already has a retail book in place in Mississippi and is eyeing a launch in West Virginia. Any DraftKings account can place sports bets in New Jersey. The only requirement is to be inside the state lines when placing a bet, making a deposit, or requesting a withdrawal. Since DraftKings was first to market with online sports betting in NJ, the company had a natural built in lead which it maintained for several months. That has changed in 2019, as FanDuel has raced ahead of DraftKings to claim the top spot in NJ.
DraftKings has disclosed one particular bet: The $3.46-million US wager placed by the Houston-area mattress salesman known as Mattress Mack. Infamous for losing millions of dollars on Houston Astros bets in 2019 — he offered a promotion where mattress buyers would have their purchase refunded if the Astros won, so the bets were in effect his insurance against it — Mattress Mack flew from Texas to Colorado Springs to place his bet with DraftKings. (The company does not operate a sportsbook in Texas.) He placed his big wager on the Bucs +3.5, and customers who took part in his promotion will get refunds if Brady and the Bucs win.
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If K.C. wins by less than 3.5, Mack would both win the bet and not have to refund any mattresses — the classic middle.
DraftKings’ daily-fantasy product is available in Canada, where the federal government is considering legislation that would legalize single-event sports betting in this country.
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“Maybe by this time next year, we’ll talking about placing bets on the Super Bowl in Canada,” he said.