FanDuel & Fairmount Park Grab Illinois Sports Betting License

Spread the Word:

FanDuel, who had been eyeing the Illinois betting market with the help of Fairmount Park Racetrack, has received a sports betting license.

The Illinois Gaming Board (IGB) has found Fairmount Park near St. Louis feasible for a gaming license and granted the racetrack a master sports wagering license. The development comes amid further restrictions in the wake of the pandemic.

Fairmount Park was not among the early applicants when IGB was giving out its sports betting licenses. However, last week, the racetrack finally received the license. FanDuel will be eying to launch another sportsbook with Fairmount as it will turn into a racino with slots and table games available.

The Board granted Fairmount Park a master sports wagering license at a special meeting held on October 29. The meeting also gave the track a “preliminary suitable” status to allow casino games.

It appears that the track will go by a new name to feature the FanDuel brand as FanDuel Sportsbook and Horse Racing. The track will transform into a racino, besides offering a full slate of slots and table games, if it is granted a casino license.

The latest development in Illinois sports betting will put FanDuel Sportsbook on a more even playing field with its leading competitors like DraftKings and BetRivers. More importantly, the decision makes FanDuel the first sportsbook to offer betting at multiple retail venues in Illinois.

Path to Illinois for FanDuel

FanDuel’s initial launch in the Land of Lincoln was with Par-A-Dice Casino, yet this was unexpected as many assumed FanDuel would be entering Illinois through a partnership with Fairmount Park.

Fairmount is situated east of St. Louis. Its position could have been critical in the Illinois market, given the in-person registration requirement. In contrast, Par-A-Dice is almost the center of the state and is hours away from Chicago and St. Louis.

However, the pandemic changed the situation, coinciding with the time Illinois sports betting launched in March. Governor JB Pritzker suspended the in-person requirement back in June as casinos were closed.

Although executive orders saw suspension and lifting of the temporary ban on in-person requirement since then, it remains in place for now. The deteriorating situation of the pandemic in the face of the so-called second wave of the virus may lead to another extension in November.

Fairmount Park and FanDuel

Fairmount Park grabbed the opportunity that was ever-shrinking thanks to the virus. While justifying the application for the licenses, President and General Manager of Fairmount Park Melissa Helton said people had been losing interest in horse race betting. She said the gaming bill gave them the right to apply to become a racino, and the sports wagering opportunity could elevate Illinois horse racing to its past glory.

With Fairmount obtaining a betting license, FanDuel now gets a significant boost in the Illinois market. Fairmount sits in Collinsville, a few miles from St. Louis, whereas FanDuel is currently paired with Par-A-Dice Casino in Peoria, which is at the center of the state. Now that Fairmount is authorized to take legal bets, FanDuel will again benefit from a great location, as the sportsbook is situated 11 miles away from the Illinois-Missouri border.

However, if Gov. Pritzker decides not to grant an in-person registration extension, it could hurt FanDuel’s business interest as it sits in the middle of the state. Nevertheless, with Fairmount now gaining its license, FanDuel may rapidly work to get a sportsbook operating at the location to capitalize on the St. Louis market in the south of the state.

After receiving the license, Fairmount tweeted a statement, “We would like to send a big Thank You to Melissa Helton, President & GM of Fairmount. With her continued guidance and determination, we’re extremely excited to announce that we have been approved by the Illinois Gaming Board to take the next steps.”

Related News

Fairmont Park Sportsbook Racetrack Illinois
November 21, 2020

FanDuel To Launch Illinois Sports Betting at Rebranded Fairmount Park

FanDuel has confirmed it will be investing millions in Fairmount Park Racetrack in Illinois to rebrand it as FanDuel Sportsbook and Horse Racing. The official announcement came on Monday, eight […]

read more
Horse & jockey riding at Fairmount Part Racetrack in Illinois
March 17, 2021

FanDuel Launches Second Illinois Retail Sportsbook At Fairmount Park

On Monday, FanDuel launched its second Illinois retail sportsbook, with Baseball legend Ozzie Smith making the ceremonial first bet at Fairmount Park. In line with the opening, the new venue […]

read more
West Virginia landscape
July 8, 2021

West Virginia Lottery Awards Genius Sports Sports Betting License

Genius Sports announced Friday it has been granted a permanent sports betting license by the West Virginia Lottery Commission. The UK-based official data, technology company that provides data management, video […]

read more
NFL players
May 26, 2021

Operators Can Apply Now For South Dakota Sports Betting License

Operators looking to enter the South Dakota sports betting market can apply for the license effective Friday following the regulatory clearance. South Dakota sports betting will be limited to Deadwood […]

read more

Stay Updated & Receive Exclusive Offers

Be the first to know when new states legalize online gambling and gain access to exclusive casino and sports betting promotional offers.