FanDuel Sportsbook will make its debut in Nevada next year after receiving full regulatory approval.
The Nevada Gaming Commission signed off on FanDuel’s entry into the state at a meeting last week after the Gaming Control Board recommended approval earlier this month.
Boyd‘s Fremont Casino in downtown Las Vegas will rebrand its sportsbook under the FanDuel name as part of a $50 million expansion. The sportsbook is expected to open “early next year,” according to a joint release.
Details of FanDuel Sportsbook at Fremont
Even though the sportsbook will have the FanDuel branding, it will not operate much differently than the current book.
That is because while FD is supplying the odds, Boyd will remain in control of the sportsbook. From a press release:
“FanDuel has entered into a co-branding arrangement with Boyd Gaming for the sportsbook and will provide lines/odds information for Boyd Gaming to use in setting the lines/odds at the sportsbook. In accordance with Nevada law and regulations, Boyd Gaming will hold the sportsbook license and will operate and manage the FanDuel Sportsbook at Fremont. FanDuel and Boyd Gaming will share gaming revenue as part of the arrangement.”
Nevada is the eighth state where the two have partnered. Boyd owns 5% of the FanDuel.
Why did it take so long?
Other states have passed Nevada in terms of handle, but Las Vegas is still the honorary hometown of US sports betting. Its antiquated betting laws have kept DraftKings and FanDuel out of the market, though.
There is no remote registration in Nevada, which means bettors need to visit physical Nevada sportsbooks to create an online account. Both companies left Nevada in 2015 when regulators decided daily fantasy sports operators needed a gambling license to operate.
This agreement will not bring the FanDuel app to Nevada right now, either, since the company is only supplying the lines and is not responsible for the risk.
