Fanduel Sportsbook West Virginia
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FanDuel Group has relaunched its online sportsbook in West Virginia, using a new global sportsbook solution that the operator has developed alongside Scientific Games. The OpenBet betting engine from Scientific Games’ OpenSports platform is a key component.
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cement FanDuel’s place as America’s number one sportsbook”
FanDuel Group CEO Matt King spoke about the excitement of launching the operator’s next generation sports betting technology in the US, starting in West Virginia. King believes that this global sports betting platform will deliver a top-tier experience to bettors and that it will “cement FanDuel’s place as America’s number one sportsbook.”
Scientific Games has been working with FanDuel’s parent company Flutter Entertainment for more than 20 years. Speaking about the West Virginia launch, Scientific Games Group CEO of Digital Jordan Levin said that it is “a truly landmark moment” in the history of the partnership. He believes that the OpenSports technology will be a game-changer for FanDuel and its bettors.
Presence in West Virginia
FanDuel initially launched its online sportsbook in West Virginia in 2019, with International Game Technology (IGT) as the original technology supplier. FanDuel also operates a retail sportsbook at The Greenbrier in White Sulphur Springs.
The West Virginia Lottery issues sports betting handle results on a weekly basis, rather than the normal monthly reporting standard in other states. For the four weeks ending November 28, sports betting handle in West Virginia was $48.5m, an 8.7% increase from the previous four-week period. In total, betting revenue for sportsbook operators was $4.4m.
US expansion
The relaunch of FanDuel’s West Virginia sportsbook is the latest instance of Scientific Games working with a Flutter Entertainment brand. Other Flutter gambling brands that Scientific Games works with include Paddy Power, Sky Bet, and Betfair.
Flutter is looking to gain a strong foothold in the burgeoning US sports betting market. Last week, the gambling group announced that it has agreed to acquire Fastball’s 37.2% share of FanDuel for $4.18bn. The company will give approximately 11.7 million ordinary shares directly to Fastball as part of the offer. It also announced a new share placement, aiming to generate £1.1bn ($1.47bn) to help increase its FanDuel stake. Once the transactions complete, Flutter will hold a 95% stake in FanDuel.
On Tuesday, FanDuel Sportsbook became the first licensed operator to offer political betting in the United States.
For a minute, at least.
Here’s what happened.
FanDuel Sportsbook launches political betting markets in WV
The West Virginia Lottery (allegedly) approved the offering of 2020 presidential election odds and markets. It was one small step for political wagering in the US, one giant leap for … political wagering in the US.
Only national markets were offered. No state or local election odds would be made available.
FanDuel Group CMO Mike Raffensperger said:
“As the leading American sportsbook we’re excited to be the first to offer legal political betting, proving once again there truly are more ways to win on FanDuel. We’re proud to have partnered with the West Virginia Lottery to bring these markets into a legal, regulated sportsbook where bettors have appropriate protections and assurances.”
With very limited sports betting currently available due to the coronavirus pandemic, FanDuel literally wasted no time in offering a new and exciting market. For a minute at least.
Wait, FanDuel doesn’t offer political betting in West Virginia?
Not too long after the political odds came up, they came right back down.
The company then issued the following brief statement:
Book Betting Wv
“While the markets were approved, the West Virginia Lottery has asked FanDuel to refrain from offering the markets until they have time to fully work through the implications of this new market offering.”
No timeframe was given for when the odds would go back up.
FanDuel Sportsbook West Virginia betting markets
Fanduel Sportsbook West Virginia Lottery
For the minute or so that betting markets were available, here’s what FanDuel had listed:
Fanduel Sportsbook West Virginia Casino
- Winner of 2020 Election (Trump -110, Biden +125)
- Democratic Nomination (Biden -714, Cuomo +1400, Sanders +1600)
- Democratic Vice Presidential Nomination (Harris +188, Klobuchar +400)
- US Presidential Election 2020 – Winning Party (Republican -125, Democrat -110)
- State-by-State Winning Party
Interestingly, Andrew Cuomo presidential odds are available, but he’s not priced to be the Veep. That’s in part because the markets favor Biden selecting a female running mate.
West Virginia Pua
We’ll have more in this as the story develops. To dive into the legality of it all, be sure to read this story at Legal Sports Report.