Fanduel’s standalone online casino product is now available to punters in New Jersey. Initially, the FanDuel Casino was always included as part of the FanDuel Sportsbook app in New Jersey. However, this standalone casino product will now offer New Jersey punters a dedicated online iGaming experience that is separate from the sportsbook.
As a complement to the sportsbook app, which is easily one of the most popular sportsbooks apps in the country, customers in New Jersey and Michigan now get to wager on fantasy sports, sports betting, as well as online casinos interchangeably, which gives them more variety than ever before.
FanDuel is now available in 10 states that offer mobile sports betting namely New Jersey, Michigan, Virginia, West Virginia, Tennessee, Pennsylvania, Iowa, Indiana, Illinois, as well as Colorado. Currently, FanDuel offers mobile casino games in 3 states namely New Jersey, Pennsylvania, and Michigan.
In both Michigan and New Jersey, Fanduel now offers casino games through its 2 separate mobile apps- the standalone casino app, as well as within the casino lobby of the sportsbook app. Unlike the sportsbook app, the FanDuel casino app contains an expanded collection of games that include baccarat games, slots, blackjack, video poker, and roulette.
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FanDuel Live dealer games in Michigan growing
In addition to launching its standalone app in New Jersey, FanDuel also debuted its live dealer product in Michigan after receiving the stamp of approval from the Michigan Gaming Control Board on July 22nd. The Michigan gaming board authorized 10 operators who proceeded to debut new products.
The 10 operators that were approved to launch in Michigan include:
- Fanduel of course
- Golden Nugget Online Casino
- BetMGM Casino
- DraftKings Casino
- WynnBet CasinoBarstool Casino
- BetRivers Casino
- TwinSpires Casino
- William Hill Casino
- PokerStars Casino
Via Evolution’s studio in Detroit, FanDuel Casino will now present live dealer games to Michigan punters. Some of the games on offer include baccarat games, roulette, as well as blackjack. Evolution will ensure that the games are streamed effortlessly from the studio.
The Wolverine State has been enjoying online betting and sports betting since it was legalized on January 22nd, 2020. Despite the challenges stemming from the pandemic, the state has managed to hold up pretty nicely in the wake of the casino interruptions and closures. In the last 6 months or so, the state has paved the way for 13 online operators to debut their products in the state.
The 14th and the last operator known as Soaring Eagle will also be allowed to offer online casino gaming when it debuts. Of the 13 active operators, 3 tribal operators namely FireKeepers, Four Winds, and Parx powered Play Gun Lake will also start offering live dealer games alongside FanDuel soon.
Competition is fierce
Not too long ago, PointsBet also released its standalone casino product in New Jersey. Australian sportsbook and competitor to FanDuel launched into the iGaming market now offering its online product in New Jersey and Michigan. PointsBet already offers sports wagering in 6 states.
Thanks to approval from the Michigan Gaming Control Board Pointsbet launched its vertical as a result of its collaboration with the Lac Vieux Desert tribe. Although clearly not as established as FanDuel, which is currently the most popular sports betting platform in the country, PointsBet has found a unique way to make itself stand out among competitors.
As time progresses, sportsbooks such as PointsBet and Fanduel are doing everything possible to get a share of the iGaming pie. That’s because iGaming can be significantly bigger and more profitable compared to sports betting, which only represents a small piece of the larger iGaming market.
Indeed, iGaming blew up fast during the pandemic, and this trend has persisted despite brick and mortar casinos across the country now being allowed to operate at full capacities again. When all sporting events were canceled for health safety, esports and online casinos dominated. As such, numerous operators and investors have been forced to fast-track their investments in the iGaming sector.
In most states, online casinos far outperform sportsbook betting revenue in states that have allowed both. Typically, online casino revenue accounts for between 2 thirds and 3 quarters of all vertical online wagering revenue that is generated. Nonetheless, sportsbooks and online casinos are relying on each other for cross-promotion and customer acquisition.
PointsBet and FanDuel have both created proprietary platforms, which is excellent as it will give them an advantage in the crowded sports betting and iGaming marketplace. The fact that both their platforms are proprietary means that PointsBet and Fanduel control their in-house stack as well as their development teams. Most other operators rely on 3rd party software and game suppliers, which can bring up a whole host of issues that are not in their control.
Good news as sports betting gets a boost in New Jersey
Soon, New Jersey residents might be allowed to bet legally on local college sports teams. The state residents are awaiting the November 2nd ballot with bated breath to amend the state constitution that currently bans sports betting on collegiate athletic tournaments. In-state college sports betting was never included in the 2018 legislation as a result of worries over match-fixing.
However, since PASPA was repealed, more and more people have become amenable to sports betting and it is easy to see why. Sports betting produces an 8.5% tax on all the cash that’s wagered at casinos and racetracks. Online wagers generate a 3% tax. Each of the operators in the state is also required to pay a 1.25% tax to the various towns and counties.
This money is used for various community and economic programs and projects such as infrastructure, public safety, tourism and hospitality, community health, and a lot more. When wagering on college teams is made official, this revenue is going to increase considerably. Aside from the tax revenue generated, sports betting has single handedly helped to resurge 2 state historic race tracks that were struggling badly before the legalization of sports betting- Monmouth Park and Freehold Raceway.
