online sports betting - cwagweb.org · online sports betting author: james chisholm;stanton dodge...
TRANSCRIPT
DraftKingsR. Stanton Dodge, Chief Legal Officer
| 2
Daily Fantasy Sports● 280+ m illion en trie s pe r yea r● $1.8 b illion in en try fees in
2017● $7 b illion pa id ou t to p layers
since 2012● Paid con tests ava ilab le in 41
sta tes & 8 in te rna tiona l countrie s
● Contests offe red for 13 sports
Sports Betting/iGaming● Launched first m obile
sportsbook in New Je rsey in August 2018
● Opened re ta il sportsbooks in Mississipp i and New Je rsey in Novem ber 2018
● Launched iGam ing in New Je rsey in Decem ber 2018
● DraftKings Sportsbook accoun ts for 30% of New Je rsey’s total sports be tting revenue
The Evolution of DraftKings
3
DRAFTKINGS MOBILE SPORTSBOOK
BY THE NUMBERS
MEDIAN BET SIZE
MEDIAN BET$9
TOTAL BETS PLACED
17MILLION+
$600MPAID OUT
TO WINNING BETTORS IN
NEW JERSEY
| 4
Active or au thorized
sports be tting
16
Mobile pe rm itted
Pending laws or
regula tions7
8
State Legislative Activity
| 5
• Mobile is essent ial• No artificia l barrie rs for consum ers • No in -pe rson requ irem en ts for registra tion , deposit or
withd rawal• Open , com pe titive m ob ile m arke t
• Level playing f ield for m obile operat ors• Direct licensing of m ob ile ope ra tors a llows re gu la tors to
dea l with m ob ile com pany d ire ctly, not ind ire ctly th rough the p rism of a land -based lice nse e
• Excessive tax ra te and fee s unde rcu t ope ra tors’ ab ility to offe r com pe titive p roduct
• Ot her considerat ions• Ability to com pe te with -and be at-the ille ga l m arke t• Consistency & recip rocity am ong ju risd ictions • College sports be tting m ust be m oved to lega l m arke t
Framework for Sports Betting Success
| 6
Safe and secu re registra tion ,
docum en t up load , KYC processing, and
Source of Funds va lida tion
Identity Verification
Provide players the ability to limit their spend, t ime on site,
and deposits
Plugin technology to detect the exact
location of a user at login, bet
placement and all account
transactions
Responsible Gaming Limits
State of the art Geolocation
A Safe and Responsible Gaming Platform
Paym en t Card Industry (PCI) leve l 1
ce rtified p la tform
Secure Payments