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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Anna C. Knight

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