Keys To Par-A-Dice? FanDuel Relocates Online License, Opens Door For BetMGM Illinois

FanDuel Sportsbook & amp, Horse Racing has formally transferred its sports betting license from Par-A-Dice Casino.

Formerly known as Fairmount Park, FanDuel announced the rebranding in November.

Illinoisans who opened up the FanDuel Sportsbook app on Monday were greeted with the below message, which prompted users to accept thenewterms that will transfer their account:

In Illinois, the & ldquo, Par-A – Dice Casino & r quo used to be displayed in the top left-hand corner of the app, but this is no longer the case.

On the surface, it might not seem like much information because we have known this was coming since November.

But for another sports betting operator hoping to enter Illinois, it & rsquo is a crucial domino.

This makes BetMGM possible in Illinois.

Now that FanDuel is no longer occupying the Par-A-Dice Casino license, that means another operator can take it.

That will be BetMGM, barring a surprising twist.

BetMGM sportsbook in Illinoisaccording to the Illinois Gaming Board‘s( IGG ) website, is a pending sports betting applicant. Since September, it has been.

However, it didn’t have a financial partner to use for marketplace access before this. It does now.

BetMGM has an existing partnership with Boyd Gaming, which owns Par-A-Dice Casino. From a 2018 press release:

In areas where Boyd Gaming or MGM Resorts operate real casino-resorts and virtual licenses are available, they will both have the opportunity to sell online and mobile gaming systems, including sports betting, casino gaming, and poker & ndash. Each business will have the opportunity to increase their online and mobile entertainment presence across 15 states as a result of this market entry agreement.

FanDuel and DraftKings are the sports betting market leaders in Illinois and the US. BetMGM is considered to be in the next tier with the likes of William Hill and Barstool sportsbooks.

FanDuel will continue to run a physical betting at Par-A-Dice.

Things start to get a little hazy at this point. FanDuel will continue to operate Par-A-Dice & rsquo, a retail sportsbook, even though BetMGM is most likely to use it to gain market access.

The Par-A-Dice license is now available because Illinois only permits one smart skin per entity. The financial betting can still be run by FanDuel, though.

In November, FanDuel Publicity Director Kevin Hennessy informed Play Illinois & nbsp of this information.

We’re seeing something similar play out with Barstool and Unibet. Unibet secured Illinois market access via Argosy Casino Alton, but Argosy will use Barstool as its retail partner.

There will also be a Barstool Sportsbook at Hollywood Casino Aurora and possibly the Hollywood Casino Joliet.

The Illinois sports betting market is starting to take form.

When did BetMGM be available in Illinois?

It & rsquo, it’s all up to the IGB at this point. Next week, there will be a board meeting where BetMGM may essentially be approved.

With course, that would only occur if IGB only had the FanDuel execution. to think about. We are unsure if that is the situation.

However, given that BetMGM applied, it appears probable that it will begin operations in Illinois soon.

New Jersey, West Virginia, Indiana, Colorado, Tennessee, Iowa, Michigan, Pennsylvania, and Virginia are now home to BetMGM.

Illinois sports gambling is in for great things.

Illinois posted a $491.7 millionsports betting handle in December, a number that should rise as more operators join the market.

Two of the most well-known companies already operating in Illinois are Barstool and BetMGM. Barstool, but, hopes to move to Illinois by March Madness, and BetMGM seems on the verge of doing so.

There are only five online sportsbook operators in Illinois at the moment, and it & rsquo is still the best. 4 sporting betting markets exist in the US. It has a strong opportunity to surpass Pennsylvania for the No. 1 spot thanks to some recent changes. 3 position.

That depends on Gov, of training. JB Pritzker is still exempt from the in-person membership requirement. Companies like Barstool and BetMGM could succeed right away in the Land of Lincoln if he does.