The Week In Sports Betting: Penn National Pulls An ‘MGM’, DraftKings Sportsbook Gets Lonely

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Sports betting news Chernin Group

Careful — sports betting news can really sneak up on you if you’re not paying attention.

This week began with a mostly quiet Monday, which rolled lazily over into Tuesday. There was a certain eeriness to the calm, though, and the news machine eventually churned itself into a hurricane once again. By Thursday, the winds were howling. Friday brought a downpour of late-breaking news, and a substantial one, at that.

The bulk of the precipitation originated with Penn National Gaming, but we’ll get to them in a bit. We’ll actually start elsewhere, though, as did the headlines this week.

DraftKings Sportsbook getting lonely

For the second straight week, DraftKings Sportsbook earns the leadoff spot in our recap. One of the country’s newest gambling providers has been the one seeding all those newsclouds over the last 10 days or so.

This week, we found out that DraftKings has an office in San Francisco. Don’t freak out, we had no clue either. That’s its fourth office in the US (Boston, Manhattan, Hoboken), and it wants to open a fifth one in Las Vegas, too. Does that mean DraftKings has plans for Nevada sports betting? That seemed pretty unlikely not so long ago, but who even knows anymore?

It’s also worth noting that DraftKings Sportsbook is still the only mobile option for NJ sports betting. The platform launched on August 1, which seems like ages ago at this pace. To date, it has yet to see a competitor join it in the market. Expect that to change very soon, potentially by the time we do this again next week.

DraftKings Sportsbook has a bit of a short-term problem, too: lack of access into states beyond New Jersey.

More from New Jersey

Speaking of the Garden State, no recap would be complete without a lap around what has become the focal point for US sports betting news in recent months.

This week, the Division of Gaming Enforcement released the July numbers covering the first full month of NJ sports betting. They’re hard to put into context, but they look good in a vacuum — $40 million in total wagers and nearly $4 million in revenue.

The new FanDuel Sportsbook at Meadowlands did the most business despite being open for just 18 days of the month.

That July report included data from five retail sportsbooks, a number that will swell to at least eight before next month’s report. Harrah’s opened its sportsbook on August 1, and two more popped up in Atlantic City this week:

News from other states

This week’s NFOS is entirely dominated by two companies — sprawling casino group Penn National and bookmaker William Hill.

Finding a dance partner

The majority of sports betting news over the last three months has centered around the formation of operator-supplier partnerships small and large, mostly large.

Nearly every major casino and bookmaking company is working in pursuit of expanded sports betting. One of the county’s largest chains of chicken-wing joints even wants to join the fun.

This week was no exception, with new deals peppering the headlines:

Takes and tidbits

Even with all of that news above, there are still a few crumbs left over:

That looks like about it for the week. Fin. We’ll see you all again on Monday.