DraftKings, Inc. recently announced that the company will enter the sports betting market following the U.S. Supreme Court's decision overturning the outdated Professional and Amateur Sports Protection Act.
"Our mission has always been to bring fans closer to the sports they love and now, thanks to the wisdom of the Supreme Court, DraftKings will be able to harness our proven technology to provide our customers with innovative online sports betting products," said Jason Robins, CEO and co-founder of DraftKings. "This ruling gives us the ability to further diversify our product offerings and build on our unique capacity to drive fan engagement."
In anticipation of a favorable ruling by the court, DraftKings has reportedly been preparing since 2017 to launch a sports betting platform for mobile, providing another advantage for the company. DraftKings is working with state regulatory officials to apply for operating licenses in those states that have already passed legislation authoring sports betting.