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Betfair US, a subsidiary of Paddy Power Betfair has announced that they've signed sportsbetting partnerships with different racetracks throughout the states of New Jersey and New York.
The agreements signed this week include Tioga Downs in New York as well as Meadowlands Racetrack in New Jersey, bringing retail, mobile, and online betting services to the properties. The move comes as states prepare to begin passing their own legislation to legalize and regulate the sportsbetting industry within their borders in the wake of the Supreme Court's ruling in favor of New Jersey being able to regulate the service within their borders.
Paddy Power Betfair has been busy building up their sportsbetting brand in America, having recently come to a purchase agreement with FanDuel in order to pick up on their large customer database.
Commenting on the agreements Betfair US CEO Kip Levin said, "We could not be more excited to partner with Jeff Gural and his partners for sports betting in New Jersey and New York.
"Meadowlands Racetrack has the potential to be among the best, if not the best, sports betting venues in the US.
"Combining these premier facilities with the global sports betting prowess of Paddy Power Betfair is a great match and will enable us to bring an unparalleled sports betting experience to customers in the northeast."
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Comments
Yeah obviously it's just matter of time before sportsbetting being provided officially in NJ and Paddy Betfair making their calculations quite right and would be a dominant force on that market, even probably a lot more than in their country of origin which is UK.