DraftKings to Launch in Australia

Daily fantasy sports group DraftKings has announced that it is planning to begin offering their services in Australia by the end of June, offering their services in a new market in an attempt to grow operations.

The company has obtained a gaming license through the Northern Territory Racing Commission and will then offer their services across the country. The company's products allow players to select a sport and build a team lineup using a set amount of cash. Players then accumulate points based on that team's performance, and those that perform well will pay out winnings. When the service launches, Australia will be the eighth country that DraftKings operates in.

DraftKings CEO spoke about the new territory, revealing: "Within the last few years, Australia's burgeoning fantasy sports market has dramatically evolved, adding a variety of daily fantasy sports platforms, feeding the appetite of the many passionate sports fans who love getting closer to the teams, athletes and sports they love.

"Australia is an important market for DraftKings, as it combines devoted sports fans with sophisticated, tech-savvy consumers - exactly the kind of people who love competing on DraftKings."