FanDuel has reached an agreement with the PGA Tour to gain market access in North Carolina.

FanDuel has secured market access to North Carolinas online sports betting market through a deal with the PGA Tour. The partnership allows FanDuel to apply for a license in the state, leveraging its existing relationship with the PGA Tour.

Unlike some other deals there is no sponsorship angle; its a commercial written designated agreement that enables FanDuel entry into North Carolinas sports betting market, pending approval. The states sports betting market could potentially open in early 2024.

 

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This is indeed an exciting development for FanDuel as they have reached an agreement with the PGA Tour to gain market access in the online sports betting market in North Carolina. By leveraging their existing relationship with the PGA Tour, FanDuel is positioning itself to apply for a license in the state.

One notable aspect of this agreement is that it is purely a commercial agreement rather than a sponsorship deal. This distinction highlights the fact that the partnership is focused on market access and enabling FanDuel's entry into the sports betting market in North Carolina. This strategic move allows FanDuel to expand its presence and offerings in the ever-growing online sports betting industry.

It's important to note that while FanDuel has secured the market access, they still need to obtain the necessary approvals and licenses from state authorities before launching their operations in North Carolina. The expected launch date for the state's sports betting market is projected to be in early 2024.

Overall, this agreement is expected to open up new opportunities for FanDuel, and it will be interesting to see how they utilize this market access to further enhance their position in the online sports betting industry.