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DraftKings Wants To Team Up With New Jersey Land Casino

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Staff member
Jan 14, 2008

ATLANTIC CITY, N.J. (CBSNewYork/AP) — One of the nation’s largest daily fantasy sports companies is teaming up with an Atlantic City casino
in the latest deal seeking to capitalize on the emerging legal sports betting market.

DraftKings and Resorts Casino told The Associated Press they signed a deal Friday to offer sports betting in New Jersey.
The pairing highlights the scramble among gambling, bookmaking and technology companies to position themselves to gain a large share of the
nascent sports betting market now that the U.S. Supreme Court has cleared the way for it.

The high court last month allowed states to legalize sports betting, striking down a law that had limited it to only four states.

“Everybody knows there’s a big opportunity out there,” said Jason Robins, CEO of DraftKings. “It’s a new thing, so people are trying to see how they want to go about it,
who they want to partner with. Anytime you’ve got a big market about to be created, there’s so much
opportunity out there that everyone should benefit, as long as you do it the right way.”

Morris Bailey, the owner of Resorts, welcomed the new revenue stream and called DraftKings “a dynamic brand.”

“The market is huge,” he said. “It’s how much of that market we’ll be able to get.”