Everyone knows DraftKings. If you live in North America you have definitely seen or heard an ad for DraftKings. They are a leading Fantasy Sports Provider and as of last year have moved into the sports betting arena.
People may not be as familiar with SBTech. This company provides the sports betting platform for many companies including New Jersey’s Resort Casino and Golden Nugget. They provide service and turnkey solutions for many sports betting operations outside of North America as well. Their system has received many awards throughout the years and this has made them a logical acquisition target for DraftKings.
The deal is rumored to be $600m.
DraftKings goal is to offer online betting to customers in states were sports betting is legal as well as offer their solutions in partnership with the many casinos across the U.S. that may be looking to partner with a proven provider.
SBTech is in new Jersey and they powered the first legal bet placed in the state of Arkansas.