Illinois OKs Fairmount Park Sports Betting License with FanDuel

Illinois OKs Fairmount Park Sports Betting License with FanDuel
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The Illinois Gaming Board on Thursday approved a sports betting license for FanDuel and Fairmount Park racetrack, giving FanDuel another entry in the growing Illinois sports betting market.

At the special board meeting, the board unanimously approved preliminary suitability for an organizational gaming license for a racino at Fairmount Park. And it unanimously approved a master sports wagering license doing business as FanDuel Sportsbook and Horse Racing for four years, expiring in 2024.

Both approvals were 4-0 votes. It has not been announced when FanDuel will launch at Fairmount Park.

RELATED: More on Illinois sports betting and gaming

FanDuel has been live in the market since Aug. 28, when it launched its sports betting app in Illinois through a partnership with Boyd Gaming, owners of Par-A-Dice Casino in East Peoria. Fairmount Park is located in Collinsville, about 12 miles from St. Louis.

Also at Thursday’s meeting, the board accepted eight amended applications for casino licenses, including three for Waukegan licenses (Rivers Waukegan Casino, American Place and North Point Casino); three for South Suburban licenses (Southland Live, South Suburban Development LLC and Wind Creek LLC); one Rockford license (Hard Rock Casino Rockford) and one Williamson County license (Walker’s Bluff Casino Resort).

The board expects to come back with findings for sustainability for Rockford and Williamson County over the next six months, while Waukegan and Cook Counties would take at least six months to review the RFP based on how those groups had to be submitted per their local laws

The next Illinois Gaming Board meeting is scheduled for Nov. 17.

Mobile Registration Still in Play

Gov. JB Pritzker on Oct. 16 extended Executive Order 2020-41, allowing remote sports betting registration in Illinois until at least Nov. 14 because of the ongoing coronavirus pandemic.

With Fairmount Park closer to St. Louis (sports betting is not legal in Missouri) than Chicago and Par-A-Dice Casino centrally located in the state, the remote registration is beneficial to FanDuel and other operators. DraftKings at Casino Queen is also near St. Louis.

Illinois has not reported its September sports betting figures, but the August total sports handle came in at $140 million, with 88.5% of that being mobile.

Sportsbooks at Illinois Tracks

Fairmount Park is currently under some state coronavirus restrictions, according to its website. Its 2021 live racing season is scheduled to start April 27.

PointsBet on Sept. 30 was the first llinois sportsbooks to go live while partnering with a horse racetrack, Hawthorne Race Course, about 10 miles from Chicago.

FanDuel will be the second when it launches at Fairmount Park.

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