DraftKings Incorporated makes history in New Jersey

American daily dream sports operator DraftKings Incorporated reportedly made history on Wednesday afternoon by getting the first to launch a mobile sportsbetting support for aficionados in the eastern state of New Jersey.

Debuted in partnership with Resorts Casino Hotel:

Based on a August 1 report from the Reuters news service, Boston-headquartered DraftKings Incorporated premiered its DraftKings Sportsbook program in ‘The Garden State’ in partnership with Atlantic City’s Resorts Casino Hotel, which can be operated by Mohegan Gaming and Amusement .

Reuters reported the introduction followed May’s decision by the United States Supreme Court to invalidate the Skilled and Amateur Sports Protection Act (PASPA) along with New Jersey’s subsequent launching of land-based sportsbetting services.

Service now invite-only:

The news service reported that the Apple and Android-friendly DraftKings Sportsbook innovation makes it possible for users to login utilizing their existing accounts with DraftKings Incorporated and automatically computes and informs users how much they stand to win from a certain bet before casting the wager.

Reuters moreover explained the customizable program provides a range of bet types such as real time stakes and contrasts bookmaker jargon such as ‘money line’ to the more understandable ‘who will win? ’. Currently an invite-only service, the DraftKings Sportsbook furthermore reportedly allows users that have changed their minds about a certain bet to cancel the gamble or immediately cash out.

Geo-location to be used:

For its own part, the Bloomberg news service reported on Wednesday that the newest mobile innovation from DraftKings Incorporated comes complete with a $0.10 minimal stake amount and uses a state-approved geo-location support to ensure that users may only place wagers while in New Jersey.

Market maybe worth $500 million annually:

Ultimately, Bloomberg cited study from international gambling consultancy Eilers and Krejcik Gaming as predicting that the widespread uptake of mobile sportsbetting could observe bookmakers in New Jersey double their yearly revenues to reach as high as $500 million.