Last updated on November 28th, 2018 at 12:49 pm
The state of West Virginia is less then two weeks away from sports betting available to its residents. In fact, four gambling operators have already been approved and another is hoping to be the next one. According to the latest gambling news, Draftkings Sportsbook wants to operate in West Virginia.
DraftKing is one of the latest companies to apply for a sports betting license in West Virginia. However, if approved they will need a home before they can operate. This is because according to the Gambling regulations in West Virginia, they must secure a license as a Management Services Provider.
This means that in order to offer sports betting they must find a casino partner from where to setup shop. Sports Betting Software experts believe that this rule was put in place in order to expedite their launch date.
Draftkings is hoping to be the next sportsbook to offer football betting and carious other sports to residents in West Virginia.
DraftKings Hoping to Expand their Sports Betting Operation
However, this rule is not new for DraftKings Sportsbook who already went through the same process in New Jersey. This is because they are partnered with the Resort Casino in New Jersey and have proven to be a profitable business. In addition, they are currently the only company to offer online Sports Betting in the state.
DraftKings Sportsbook is hoping to play catch-up against their old Fantasy Sports competitor, Fandual.com. This is because Fandual.com is already setup to operate in West Virginia thanks to a partnership with Greenbrier
In order to operate a sportsbook in West Virginia, a casino needs to pay $100,000 and receive the approval of the WV Lottery Commission. The four casinos that have approval so far for a sports betting operation are:
- The Greenbrier
- Hollywood Casino
- Mardi Gras
- Wheeling Island
Hollywood casino was the first to receive an interim permit earlier this month. Furthermore, they will be the first sports betting operation to open its doors on September 1, 2018.