FanDuel announced that it has secured regulatory approval to have a retail sportsbook in the gambling capital of America.
Following final approval by the Nevada Gaming Commission, FanDuel Group and Boyd Gaming unveiled plans to open a FanDuel Sportsbook at the Fremont Hotel & Casino in Las Vegas early next year. It will be the first FanDuel-branded Sportsbook in the state of Nevada.
FanDuel Group’s subsidiary, Betfair Interactive US LLC, received approval from the Nevada Gaming Commission for an operator of information service license and a manufacturer/distributor license. Betfair Interactive also received a recommendation of approval from the Nevada Gaming Control Board on August 10.
The FanDuel Sportsbook at Fremont Casino will be located off the Third Street entrance, near the Filament Bar.
The sportsbook space will be over 2,300 square feet. The entire casino has about 32,000 square feet of gambling.
The sportsbook will be open year-round and feature four betting windows, two LED video walls, a 40-foot bar, 16 tables, two drink rails, seating for 76 customers, 14 odds/promo screens and seven IGT PlaySports self-service betting kiosks.
The FanDuel Sportsbook at Fremont Casino will be part of Boyd’s ongoing $50 million expansion of the casino, which will significantly enhance the property’s gaming and dining amenities upon its completion early next year.
The casino has been renovated in 1963, 1976, 2005–2006, 2007, and now. The casino opened on May 18, 1956 as the tallest building in the state of Nevada.
FanDuel has entered into a co-branding arrangement with Boyd Gaming for the sportsbook and will provide lines and odds information for Boyd Gaming to use. In accordance with Nevada law and regulations, Boyd Gaming will hold the sportsbook license and will operate and manage the FanDuel Sportsbook at Fremont. FanDuel and Boyd Gaming will share gaming revenue as part of the arrangement.
Other terms of the agreement were not disclosed.
With the opening of the Fremont sportsbook, the Boyd-FanDuel partnership will expand to eight states, joining FanDuel Sportsbooks at Boyd properties in Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, and Pennsylvania.
Nevada will be the 17th state to feature a FanDuel Sportsbook location joining Arizona, Connecticut, Illinois, Indiana, Iowa, Louisiana, Maryland, Michigan, Mississippi, New Jersey, Kansas, New York, Pennsylvania, Washington, Washington DC, and West Virginia.
FanDuel is the leading sports betting company in the U.S. based on market share.