DraftKings will now be able to offer fantasy sports in Louisiana after gambling regulators approved DraftKings’ betting licence for fantasy sports.
The operator would now be able to move forward with the logistics as the activity has been legalized in the region. The early process started in 2018 with the Gaming Control Board approving individual operators later.
The license approval is expected to generate $15.5m in net revenue for the DraftKings including about $1.3m in taxes.
Matt Kalish, President of DraftKings North America, said: “As DraftKings continues our nationwide expansion, we welcome Louisiana to the DraftKings family, an area rich with culture, heritage and die-hard fanbases in both professional and college sports,” as per Gambling Insider.
Persons over the age of 21 years have been allowed to indulge in fantasy sports betting involves, where a fantasy team from various professional players is formed and bets are placed after tracking scores based on the performance of those players in real games.