September 19, 2021

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The Ideal Sport

DraftKings Signs Exceptional Day by day Fantasy Sporting activities Deal In Canada Ahead Of Sporting activities Betting Laws

DraftKings expanded an existing deal with the Nationwide Soccer League on Thursday.



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What Occurred: The National Soccer League and DraftKings Inc (NASDAQ: DKNG) expanded an exclusive daily fantasy partnership to Canada.

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The existing offer signed in September 2019 was restricted to the United States as an exclusive deal between the two get-togethers.

Similar Connection: How New York, Texas And Ontario Could Enhance On-line Sports activities Betting Current market By $3B

Why It’s Important: Every day fantasy athletics is rising in reputation. A lot more importantly, this could give DraftKings a excellent entry into Canada and the capability to gain a potent consumer foundation of each day fantasy sprots consumers before sporting activities betting is legalized in the country.

Monthly bill C-13, which is in laws in Canada, would allow provinces and territories in Canada to permit on-line and bodily sporting activities betting.

DraftKings and FanDuel are among the the leaders in the on-line sprots betting marketplace, and some of that success could come from their early entry in everyday fantasy sports.

If DraftKings can attain a huge pool of each day fantasy users, it could cross-market its sporting activities betting if Canada legalizes.

DKNG Price tag Action: Shares of DraftKings were up 2.84% to $61.82.

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