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The Sports Wagering and Paid Fantasy Sports Division is responsible for administering and regulating sports wagering and paid fantasy sports in Indiana. Paid fantasy sports was established by Senate Enrolled Act 339-2016 and is contained within Indiana Code § 4-33-24. Jun 23, 2014 Even better, most fantasy sports sites allow you to compete for cash without violating any gambling laws as long as your local regulations don’t prevent you from participating in online skill games. Betting Real Money on Fantasy Sports. The fantasy sports games offered by early sites weren’t all that different from their pen and paper. Online Fantasy sports betting is betting on a fantasy sports team you create and attempt to beat out the teams formed by competitors for real money prizes. This deviates a little from traditional sports betting because you don’t bet on the end result of a specific event. As the Official Daily Fantasy Partner of the NFL, DraftKings is the best place for all of your fantasy football action.
DraftKings expanded an existing deal with the National Football League on Thursday.
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What Happened: The National Football League and DraftKings Inc (NASDAQ: DKNG) expanded an exclusive daily fantasy partnership to Canada.
The existing deal signed in September 2019 was limited to the United States as an exclusive deal between the two parties.
Related Link: How New York, Texas And Ontario Could Increase Online Sports Betting Market By $3B
Why It’s Important: Daily fantasy sports is growing in popularity. More importantly, this could give DraftKings a great entry into Canada and the ability to gain a strong user base of daily fantasy sprots users before sports betting is legalized in the country.
Bill C-13, which is in legislation in Canada, would allow provinces and territories in Canada to permit online and physical sports betting.
DraftKings and FanDuel are among the leaders in the online sprots betting market, and some of that success could come from their early entry in daily fantasy sports.
If DraftKings can gain a large pool of daily fantasy users, it could cross-promote its sports betting if Canada legalizes.
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DKNG Price Action: Shares of DraftKings were up 2.84% to $61.82.
What Is Fantasy Sports Betting
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