DraftKings Gets First Louisiana Fantasy Sports Betting License

Gambling regulators gave DraftKings the first Louisiana fantasy sports betting license. As a result, the company can launch its operations in 47 parishes. Voters in the said parishes waited almost three years for the chance to play daily fantasy sports contests.

DraftKings will be launching its daily fantasy sports operations soon. However, the DFS company didn’t provide a specific date for the launch. Louisiana will be the 44th state where DraftKings will have fantasy sports betting operation.

The fantasy sports betting company said they are happy to operate in Louisiana. According to a political forum, the state has loyal fanbases in both college and professional sports. Also, the state is rich in heritage and culture.

First Louisiana Fantasy Sports Betting License

In fantasy sports, individuals make fantasy teams of genuine games, players, and score focuses dependent on how those players act in actual games. Sites charge a section expense and offer payouts to champs. Boston-based DraftKings is one of the most prominent fantasy sports organizations.

According to sports betting software reviews, electors in almost 3/4 of Louisiana’s 64 parishes concurred in the November 2018 political race to authorize dream sports wagering. Administrators then, at that point, set the expense rates and the administrative cycle. Then, finally, the Gaming Control Board figures out which singular administrators get licenses.

DraftKings presented its permitting demand in February, soon after the betting board opened the application period. The Louisiana State Police led a foundation examination and financial audit of the organization to guarantee it consented to state guidelines. They found out how much do bookies make.