![\"\"](\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2015\/06\/sports-betting-300x225.jpg\")
It was only in May this year that the Supreme Court of the United States ruled out restrictions on sports betting and legalized it across the country. As such, sports betting in the country took a whole new dimension after the ruling. But what about the black market? Does it come to an end after the verdict? DraftKing CEO Jason Robins believes it is not.<\/p>\n
In a television interview, the CEO said that the country is three hundred percent ahead of its target. It\u2019s only New Jersey that features a mobile betting outlet, while other two have retail. But the CEO didn\u2019t hesitate to express that the market continues to be black.<\/p>\n
According to experts, illegal sports betting in the country is worth $50 billion to $150 billion. But Jason Robins, despite his strong belief in the black market, said that it\u2019s not easy to determine actual statistics.<\/p>\n
The DraftKings-FanDuel Partnership<\/strong><\/p>\n In November 2016, Jason Robins and his company decided to merge with FanDuel, a rival daily fantasy sports company. The partnership was sought to be the summit for DraftKings, which was established in 2012. In July, however, the tables turned against the collaboration after the Federal Trade Commission put an end to the deal, claiming that the partnership would have brought 90 percent of the country\u2019s daily fantasy sports market under its domination.<\/p>\n The FTC\u2019s decision proved to be a massive impediment for DraftKings. But the much-anticipated Supreme Court ruling in favor of sports betting shows the CEO a ray of hope. The company is en route to transforming its business to keep pace with the new sports betting and gambling reality in the country. Besides launching a sportsbook app in New Jersey, DraftKings started an office in San Francisco and now intends to do the same in Las Vegas soon.<\/p>\n Achieving the type of growth that the company is aiming at isn\u2019t a piece of cake for sure. In August, a report said that DraftKings would receive an investment of two-hundred million at a pre-valuation of 1.5 billion dollars, the maximum of the nine-hundred million dollar funding that the company received in five years.<\/p>\n The company is now betting on the country\u2019s restaurant industry to improve its business. They have entered into a partnership with Buffalo Wild Wings to bring fantasy football to restaurants during this year\u2019s football season.<\/p>\n","protected":false},"excerpt":{"rendered":" It was only in May this year that the Supreme Court of the United States ruled out restrictions on sports betting and legalized it across the country. As such, sports betting in the country took a whole new dimension after the ruling. But what about the black market? Does it come to an end after […]<\/p>\n","protected":false},"author":5,"featured_media":28188,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3,8,18],"tags":[],"class_list":["post-36191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","category-igaming","category-latest","category-n-america"],"yoast_head":"\n