The nation’s biggest two online gaming companies, DraftKings and FanDuel, are no longer affiliated with the primary trade association and lobbyist for the sector.
On Monday, both businesses left the American Gaming Association. Following their withdrawal from Nevada last week, it is the most recent move by both businesses to depart from conventional gaming operators and join the realm of forecasts.
The AGA wants contracts for sporting events to be governed by the same rules as online sports betting. According to the group’s September poll results, 85% of participants believed those contracts were most similar to gambling, while only 6% indicated they were most similar to financial instruments.
“After consulting with DraftKings and FanDuel, the AGA has granted their request to withdraw their membership, with immediate effect,” an AGA representative stated. “We hope to keep close ties in our mission to promote and protect legal, regulated gaming, and we wish them the best.”
Not a dramatic shift
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Not much has changed since DraftKings and FanDuel left the group, other from their branding no longer appearing at AGA-sponsored events.
The Sports Betting Alliance, which consists of DraftKings and FanDuel as well as three AGA members in bet365, BetMGM through MGM Resorts, and Fanatics, is primarily responsible for lobbying on sports betting and online casinos.
DraftKings and FanDuel continue to be important voices in the business when it comes to new laws and existing regulations, given that the two companies account for 71% of sports betting revenue share and 45% of online casino revenue share in reporting states through September.
Courtesy: https://www.covers.com, https://www.casino.org, https://pechanga.net
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