Valley Forge Casino Bringing FanDuel Sportsbook To Pennsylvania

Valley Forge Casino Bringing FanDuel Sportsbook To Pennsylvania

FanDuel allies with Boyd

Valley Forge Casino has yet to file for a Pennsylvania sports betting license, but it is sure to do so, now that an alliance between FanDuel and Valley Forge Casino owner Boyd Gaming Corp (BGC) has been finalized.

Earlier in the year, Irish gaming company Paddy Power Betfair (PPB) purchased a controlling interest in the daily fantasy sports (DFS) company FanDuel. They moved quickly to use this new vehicle to seek entry into the burgeoning legal US sports betting market.

FanDuel brokered an agreement with BGC that gives FanDuel access to all US states where Boyd currently has a gaming license – with the exception of the already well-developed Nevada market. Also included in the deal is access in states where BGC has negotiated deals with MGM Resorts to share market access. BGC gets the use of Fanduel’s DFS and sports betting technology as well as a veteran partner and brand in bringing sports betting to the broader US market.

Win-win

This deal should be a very good deal for both companies.

BGC president and CEO Keith Smith said, thanks to the partnership, his properties “will be positioned to build market-leading sports-betting and online gaming operations in each state.”

FanDuel Group CEO Matt King was also pleased with the deal, saying:

“With more than 40 years of experience, Boyd Gaming is a leader in the gaming and entertainment space, and a natural partner as we continue to build a leading position in the sports betting market. There is incredible momentum in the sports betting space and we look forward to partnering with Boyd Gaming to bring the FanDuel Sportsbook to more customers across the United States.”

FanDuel present in three US states so far

This move adds Pennsylvania access to the presence FanDuel already has in New Jersey and West Virginia. In New Jersey, they partnered with Meadowlands Racetrack, launching a brick and mortar sports book in June. In West Virginia, which launched sports betting just this week, FanDuel has partnerships with two casinos.

With FanDuel’s strong casino partnerships and the clear commitment to US market penetration, more states are sure to follow.

Implementation – how and when

Since Valley Forge has not actually submitted a sports betting application yet, that’s step one in getting the ball rolling. It is unlikely they will be ready for a hearing at the September 12 meeting of the Pennsylvania Gaming Control Board (PGCB), but they will probably be ready to the next scheduled meeting on October 2.

PGCB regulations state that sports betting applications must be submitted 90 days in advance of the launch of operations. However, if things go smoothly and the PGCB shortens the timeline with quick approval, the Fan Duel Sportsbook at Valley Forge could go live in November or December of this year.

What to do while you wait?

Pennsylvanian’s who just can’t wait for the forthcoming sports books to open might want to check out Xpress Sports from the Pennsylvania Lottery. It’s not real football (and car racing) but it’s fun and legal and you can win real money.

You might also want to checkout the PA iLottery. It’s quick, legal, and fun. Every new player gets $5 free to play when signing up. Even better, players are eligible for a 50% bonus up to $50 when they make their first deposit.