{"id":636,"date":"2025-08-07T20:23:57","date_gmt":"2025-08-07T20:23:57","guid":{"rendered":"http:\/\/www.chuckwardrealestate.com\/?p=636"},"modified":"2025-09-22T12:09:52","modified_gmt":"2025-09-22T12:09:52","slug":"fanduel-eyeing-nevada-but-no-plans-in-place","status":"publish","type":"post","link":"http:\/\/www.chuckwardrealestate.com\/index.php\/2025\/08\/07\/fanduel-eyeing-nevada-but-no-plans-in-place\/","title":{"rendered":"FanDuel Eyeing Nevada, But No Plans in Place"},"content":{"rendered":"<ul>\n<li><strong>Flutter execs tell Nevada regulators they\u2019re monitoring the state\u2026<\/strong><\/li>\n<li><strong>\u2026But no firm plans are in place<\/strong><\/li>\n<li><strong>Operator also discussed Kalshi speculation<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Flutter Entertainment (NYSE: FLUT) executives say their employer remains interested in bringing the popular FanDuel sports betting mobile application to Nevada, but the company does not yet have firm plans in place to do so.<\/p>\n<figure id=\"attachment_241145\" aria-describedby=\"caption-attachment-241145\" data-style=\"width: 858px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-241145 size-post-thumbnail-858xAUTO lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"FanDuel\" width=\"858\" height=\"572\" data-src=\"http:\/\/www.chuckwardrealestate.com\/wp-content\/uploads\/2025\/08\/FD-858x572-1.jpg\"><figcaption>The FanDuel Sportsbook logo. It could be awhile before the operator enters Nevada. (Image: Flutter)<\/figcaption><\/figure>\n<p>The comments were made at the Wednesday meeting of the Nevada Gaming Control Board (NGCB), <a href=\"https:\/\/www.casino.org\/news\/fanduel-doesnt-have-near-term-nevada-plans\/\">rehashing an issue that\u2019s long been<\/a> on the minds of Nevada bettors and the sportsbooks currently doing business in the state.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>The company is always evaluating opportunities on whether expansion across Nevada might be appropriate,\u201d said Flutter\u2019s private counsel Erica Okerberg in response to a question from an NGCB commissioner.<\/p>\n<\/blockquote>\n<p>Currently, FanDuel\u2019s consumer-facing Nevada footprint is limited to providing branding and odds to the sportsbook at Boyd Gaming\u2019s (NYSE: BYD) Fremont Hotel Casino in downtown Las Vegas. Last week, <a href=\"https:\/\/www.casino.org\/news\/boyd-bonds-in-strong-shape-following-fanduel-stake-sale\/\">Flutter wrapped up<\/a> the $1.758 billion acquisition of the 5% of FanDuel it didn\u2019t previously own from Boyd.<\/p>\n<h2>How DraftKings, FanDuel Can Enter Nevada<\/h2>\n<p>FanDuel and DraftKings (NASDAQ: DKNG) have a US sports betting duopoly &#8212; a status the operators achieved without access to Nevada.<\/p>\n<div class=\"callout\">\n<p>The reason those two big names aren\u2019t booking bets in the state that was once the sports wagering hub of the US is simple: Nevada has a burdensome in-person registration mandate, requiring bettors that want mobile accounts to enter land-based casinos to fill out paperwork. Neither <a href=\"https:\/\/www.casino.org\/news\/nevada-in-person-registration-drag-on-internet-sports-betting-cos\/\">DraftKings nor FanDuel<\/a> owns a physical gaming venue in the state.<\/p>\n<\/div>\n<p><strong>That issue could be solved via acquisition, but it\u2019s not clear if either company would shed its asset-lite ways simply to gain entry into Nevada.<\/strong><\/p>\n<p>Over the years, there\u2019s been talk FanDuel could leverage its relationship with Boyd to get into Nevada and DraftKings could do the same with Golden Nugget, but that could require financial investment in brick-and-mortar casinos and it\u2019s not known if that\u2019s of interest to any of the companies in question. Golden Nugget <a href=\"https:\/\/www.casino.org\/news\/golden-nugget-nevada-app-will-be-closed-this-month\/\">pulled the plug<\/a> on its Nevada mobile betting app in 2022.<\/p>\n<h2>Flutter Faces Kalshi Questions<\/h2>\n<p>In June, reports surfaced that Flutter was holding discussions with prediction markets <a href=\"https:\/\/www.casino.org\/news\/kalshi-trading-to-be-available-on-nearly-24-7-basis\/\">operator Kalshi<\/a> &#8212; a company that\u2019s in the midst of a legal battle with Nevada, among other states. Not surprisingly, that rumor was a point of emphasis at Wednesday\u2019s NGCB meeting.<\/p>\n<p>Board member George Assad told Flutter executives Kalshi is operating in Nevada without a license, appearing unconvinced the Commodities Futures Trading Commission (CFTC) &#8212; Kalshi\u2019s federal regulator &#8212; can preempt state guidelines.<\/p>\n<p><strong>\u201cIt may go to the Supreme Court and in that case, I think we will prevail,\u201d Assad said. \u201cCommodities are rice, corn, wheat, silver, gold, platinum, and pork futures. Whether Duke will win the NCAA Tournament is not a commodity.\u201d<\/strong><\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/fanduel-eyeing-nevada-but-no-plans-in-place\/\">FanDuel Eyeing Nevada, But No Plans in Place<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\">Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flutter execs tell Nevada regulators they\u2019re monitoring the state\u2026 \u2026But no firm plans are in place Operator also discussed Kalshi speculation Flutter Entertainment (NYSE: FLUT) executives say their employer remains interested in bringing the popular FanDuel sports betting mobile application to Nevada, but the company does not yet have firm plans in place to do so. The FanDuel Sportsbook logo. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/636"}],"collection":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/comments?post=636"}],"version-history":[{"count":2,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/636\/revisions"}],"predecessor-version":[{"id":639,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/636\/revisions\/639"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media\/638"}],"wp:attachment":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media?parent=636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/categories?post=636"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/tags?post=636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}