The company, founded in 2011, is poised to enter the online gambling market in Oregon once its merger with European sports betting firm SBTech is completed later this year. The company also has physical betting locations in New York, Mississippi and Iowa. In addition to the Garden State, bettors can now place legal wagers on the Super Bowl in New Hampshire, West Virginia, Pennsylvania, Indiana via the DraftKings app, Robins said. It was only accepting bets in New Jersey in February 2019. This is the second Super Bowl since the landmark Supreme Court decision, and Robins said he expects much more action this year since DraftKings expanded its legal sports gambling operations significantly in the past year. Robins told CNN Business that legal sports betting will amount to about $200 million for this year’s Super Bowl, and he hopes that DraftKings can get a big chunk of that revenue.ĭraftKings looks to profit from legal NCAA Tournament bets But a large portion of those wagers are made through illegal bookies, offshore gambling outfits as well as through casual “box” pools for family and friends in offices and bars. The American Gaming Association trade group said earlier this week that Americans will bet about $6.8 billion on the Super Bowl. (Chiefs quarterback Patrick Mahomes is the favorite, according to Robins.) Sports betting became legal in some states following a 2018 Supreme Court ruling, and more traditional bets center on who will win the game or be named MVP. Right now there’s a slight advantage to tails,” said DraftKings CEO Jason Robins in interview with CNN Business. “People bet more on the coin flip than any other prop bet. Will the Kansas City Chiefs beat the San Francisco 49ers in the Super Bowl to capture their first NFL championship in a half century? Who cares about the outcome when you can legally bet on what color of Gatorade will be dumped on the winning coach.įantasy sports company DraftKings, which expects to go public later this year, is letting users wager on that – and other wacky “proposition bets” such as how long it will take Demi Lovato to sing the national anthem.

Draftkings super bowl party