- DraftKings stock price has risen overnight following the results of several states voting in favor of legal sports betting.
- Louisiana, Maryland, and South Dakota have all approved sports betting but will need to write concrete laws in their 2021 legislative sessions.
- Shareholders are expecting DraftKings to aggressively expand into these markets.
- Where Is Draftkings Sportsbook Legal
- Draftkings Sportsbook Legal States 2018
- Is Draftkings Legal In Massachusetts
BATON ROUGE, La. – Election Day has brought with it more regulated sports betting in the US. Several key states, including Louisiana, Maryland, and South Dakota, have all voted to pass legal sports betting within their borders.
This has had a major effect on popular domestic sportsbook, DraftKings, whose stock prices rose following Election Day.
State laws around daily fantasy sports betting are changing all the time and it can be hard to keep track of where DraftKings and FanDuel accept players. Make it easy on yourself and bookmark this page to get the most up-to-date and easy-to-follow info about daily fantasy sports betting and US fantasy sports betting sites. Michigan legalized online sports betting in December of 2019, but it took more than a year for the state to work out the rules and regulations before launch. With the official launch of DraftKings. In fact, many big-ticket states already had legal sportsbooks by the end of 2020. Online casino ireland. But, with New York and other major states like California and Texas possibly coming online this year, this growth.
Shareholders are seemingly expecting a major expansion into these markets in the coming year, as DraftKings has been at the forefront of most every legal sports betting market so far.
Sports Betting Grows
Of the 21 states that currently allow for regulated in-state sports betting, DraftKings is operational in 12 of them. Now that more markets are opening, it is expected that the popular sportsbook will expand its operations even more.
Louisiana sports betting, for example, is a major attractive market that every domestic sportsbook would love to get its hands on. Sports bettors in the Pelican State showed their interest by showing up to the voting polls.
The sports betting bill managed to pass with 55 of the 64 parishes voting in its favor. In the state's capital of Baton Rouge, sports betting passed with 68% of the votes.
The main attraction, however, is New Orleans who voted for sports betting with a resounding 76% of the votes. For the biggest city and tourist attraction in the state to be this eager for regulated sports betting, then the market is expected to be a major one.
DraftKings has continuously been an early adopter in markets that show potential. The sportsbook was amongst the first to launch its operations in Colorado, Illinois, Tennessee, and New Jersey when sports betting was legalized in these states.
It is not a stretch of thought to assume that the same will occur when these markets officially launch. DraftKings stock growth is a clear indication of investors believing the trend will continue.
DraftKings opened on market to a 7.61% increase following the election results. The sportsbook continues to find success as a publicly-traded company and further proves the legitimacy of the legal sports betting market.
These markets will not launch before the 2021 session, but sports bettors in these states should still be excited as they may soon get their hands on one of the biggest domestic sportsbooks in the country.
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This has had a major effect on popular domestic sportsbook, DraftKings, whose stock prices rose following Election Day.
State laws around daily fantasy sports betting are changing all the time and it can be hard to keep track of where DraftKings and FanDuel accept players. Make it easy on yourself and bookmark this page to get the most up-to-date and easy-to-follow info about daily fantasy sports betting and US fantasy sports betting sites. Michigan legalized online sports betting in December of 2019, but it took more than a year for the state to work out the rules and regulations before launch. With the official launch of DraftKings. In fact, many big-ticket states already had legal sportsbooks by the end of 2020. Online casino ireland. But, with New York and other major states like California and Texas possibly coming online this year, this growth.
Shareholders are seemingly expecting a major expansion into these markets in the coming year, as DraftKings has been at the forefront of most every legal sports betting market so far.
Sports Betting Grows
Of the 21 states that currently allow for regulated in-state sports betting, DraftKings is operational in 12 of them. Now that more markets are opening, it is expected that the popular sportsbook will expand its operations even more.
Louisiana sports betting, for example, is a major attractive market that every domestic sportsbook would love to get its hands on. Sports bettors in the Pelican State showed their interest by showing up to the voting polls.
The sports betting bill managed to pass with 55 of the 64 parishes voting in its favor. In the state's capital of Baton Rouge, sports betting passed with 68% of the votes.
The main attraction, however, is New Orleans who voted for sports betting with a resounding 76% of the votes. For the biggest city and tourist attraction in the state to be this eager for regulated sports betting, then the market is expected to be a major one.
DraftKings has continuously been an early adopter in markets that show potential. The sportsbook was amongst the first to launch its operations in Colorado, Illinois, Tennessee, and New Jersey when sports betting was legalized in these states.
It is not a stretch of thought to assume that the same will occur when these markets officially launch. DraftKings stock growth is a clear indication of investors believing the trend will continue.
DraftKings opened on market to a 7.61% increase following the election results. The sportsbook continues to find success as a publicly-traded company and further proves the legitimacy of the legal sports betting market.
These markets will not launch before the 2021 session, but sports bettors in these states should still be excited as they may soon get their hands on one of the biggest domestic sportsbooks in the country.
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News tags: Baton Rouge | DKNG | DraftKings | legislation | Louisiana | Maryland | South Dakota | sports betting | Stocks
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he's not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.
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DraftKings is a global sports technology and entertainment company whose Daily Fantasy Sports contests are governed by both federal and state law. Federal law specifically exempts fantasy sports contests from the prohibitions of the Unlawful Internet Gambling Enforcement Act, or UIGEA. At the state level, legislation and regulation vary state-to-state. In recent years, many state legislatures have passed laws confirming and clarifying the legality of Daily Fantasy Sports contests. DraftKings monitors new developments and acts quickly to ensure it is in compliance with the laws in any jurisdiction where it operates. As laws change or regulations are implemented, DraftKings will take steps to ensure its continued compliance, and changes to this site may take place to reflect any such new laws or regulations.
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Where Is Draftkings Sportsbook Legal
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Draftkings Sportsbook Legal States 2018
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Is Draftkings Legal In Massachusetts
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