A lot has happened this week in the sports betting industry. PointsBet launches in Colorado, and multiple headlines come out of Illinois from FanDuel, moving locations to casinos closing. States are suffering from the second wave of coronavirus and again will hurt the gaming industry. There is also a lawsuit that uncovered a gambling ring at Tyson Foods. Here are the biggest stories from this week.
Monday: FanDuel IL Moves to Fairmount Racetrack
Last week, the Illinois Gaming Control Board granted Fairmount Racetrack a sports betting license, which triggered FanDuel to move its Illinois operations to the new location. Before FanDuel was in Illinois, the sportsbook was looking to purchase Fairmount and launch its sportsbook at the racecourse. Fairmount had issues obtaining a license early on in the process but are now allowed to take bets. FanDuel will purchase Fairmount and renovate the whole facility to make it more modern. This is a huge move for FanDuel as it puts them in the St. Louis suburbs on the Illinois side of the Mississippi.
Tuesday: PointsBet Launches in Colorado
PointsBet has officially launched in Colorado, making it the 15th sportsbook to enter the Centennial State. Colorado is also the fifth state PointsBet has entered after New Jersey, Iowa, Illinois, and Indiana. PointsBet has launched a headquarters in the Denver area, which will help its market share