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DraftKings Launches in Australia

DraftKings The company has both daily and weekly contests in professional sports, including Major League Baseball, NASCAR, Canadian Football League, National Hockey League, NBA-funded EuroLeague Basketball, NFL (including the International Series), and English Premier League FC. DraftKings is expected to expand further into the sports gambling market now that the United States has legalized sports gambling on a state-by-state basis. DraftKings has been able to continue its fantasy sports play leagues in the United States because current U.S. law allows fantasy gaming. The law classifies fantasy play as a skills game rather than a game where bets are placed. Money still changes hands and players are paid their winnings at the end of the day or the week depending on how long their games are. The company estimates about 8 million people play during a week. The company stated that Australia was a natural market to extend into because of an increase in the sports appetite for fantasy play on much-loved sports, such as cricket and football. In addition, DraftKings looks for a specific kind of market to get into. It is a market in which people are passionate about sports but also are sophisticated with regard to technology. In other words, the market must be able to have access to the fantasy platform from wherever a person is, whether it’s a cell phone, tablet or laptops.

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