DraftKings Sportsbook is close to establishing itself in West Virginia. DraftKings opened its first online sportsbook in New Jersey earlier this month and has a deal in place with del Lago Resort in New York for when that state passes additional legislation permit online sports betting.
Now, DraftKings Sportsbook is set to enter a third state in the post-PASPA USA.
DraftKings Sportsbook has applied for a license to act as a sports betting services provider in West Virginia. Assuming DraftKings is approved, the company will be able to partner with a local West Virginia casino to operate a sports betting site.
DraftKings’ Path to West Virginia Sports Betting
West Virginia sports betting law allows the state lottery commission to issue no more than five operator’s licenses in total, which lines up with each of West Virginia’s five casinos receiving a license.
Regulations approved by the WV Lottery in June specify that each casino licensed to offer sports betting may operate “three individually branded online sports pool websites and accompanying mobile applications,” also known as skins.
This means West Virginia has room for a grand total of 15 unique online sportsbooks. Each casino will most likely form a partnership with an experienced online gaming company to operate each skin. For instance, the Casino Club at the Greenbrier has joined forces with FanDuel to operate an in-person and online sportsbook.
With Legal Sports Report reporting that DraftKings has applied for a Management Services Provider license, it’s clear DraftKings is planning to enter the WV sports betting market. The next step for DraftKings is to reach an agreement with one of West Virginia’s brick-and-mortar casinos to offer mobile, online and possibly in-person sports betting.
September 1st is the Targeted Start Date for West Virginia
The WV Lottery Commission has already issued licenses to four of the state’s five casinos and local media outlets have reported that all five casinos have plans in place to get involved in sports betting at some point.
Hollywood Casino has confirmed it plans to take West Virginia’s first sports wagers on September 1st. Hollywood Casino has partnered with William Hill US to operate its in-person sportsbook, but there is no word yet on when they’ll release online and mobile betting options for customers.
DraftKings has not yet confirmed a partnership with any of West Virginia’s casinos nor has it set an estimated start date. However, that news should come soon as it seems likely DraftKings will have no trouble attracting a suitable partner. DraftKings has experience offering mobile sports betting in New Jersey and brings with it a recognizable brand name.
DraftKings Sportsbook was first to the online betting market in New Jersey after launching on August 1st. Although details regarding the WV launch are limited at this time, we can look at DraftKings New Jersey for an idea of what to expect in West Virginia.
In New Jersey, DraftKings Sportsbook covers all the major sports of the world and says it has plans to take wagers on as many as sixty different sports over the course of a typical year. The types of bets available at DraftKings include everything you’d expect to find at a Las Vegas sportsbook – money lines and point spreads on who will win a game, propositions, point toals and more.
DraftKings NJ also offers in-play betting, which allows customers to place wagers during the course of a game at constantly-updated odds. Additionally, customers can make use of an early cashout feature to close their bets early. This makes it possible to book a win early or to cut your losses if the game isn’t going your way.
The exact types of wagers that will be offered by DraftKings WV will depend on approvals from state regulators, but New Jersey serves as a useful starting point as far as predicting what the West Virginia betting site may offer.