FanDuel to open sportsbook at Meadowlands in New Jersey

A legal sportsbook will open Saturday, the first to do so on the same property that hosts an NFL team. Make that two teams.

FanDuel announced Thursday that it will open a 5,300-square-foot sportsbook with 10 tellers and 27 televisions at the Meadowlands Racetrack this weekend. The New Jersey location is adjacent to MetLife Stadium, where the New York Giantsand Jets play.

"We're hoping to be able to coordinate with [the Giants and Jets] so that their customers, if they get there early and want to make a bet, they could [come to the sportsbook] and then we could shuttle them to the stadium," said Jeff Gural, chairman and CEO of Meadowlands Racing and Entertainment, which owns the track.

But just how closely the sportsbook and the NFL will work together is still very much up in the air.

The NFL has opposed the legalization of gambling and has advocated for Congress, not the states, to make the legislation. The states were given the right to make their own decisions when the Professional and Amateur Sports Protection Act of 1992 was ruled unconstitutional by the Supreme Court in May.

"Prior to this, we were persona non grata," Gural said. "I think five years from now, we'll look back and say, 'What? Why were the sports leagues opposing sports betting?'"

Delaware and New Jersey began taking legal sports bets last month.

Matt King is CEO of the newly formed FanDuel Group, the result of the daily fantasy company's acquisition by European betting conglomerate Paddy Power Betfair, which closed Wednesday. King said the company expects the NFL to be "a big part of our business" but can't conclusively say how they'll capitalize on crowds for NFL game days.

"It's tough to speculate how things will work," King said. "Obviously there's a lot of people whose goal is getting this right and providing the best user experience for everyone. We're playing the long game."

Matt King is CEO of the newly formed FanDuel Group, the result of the daily fantasy company's acquisition by European betting conglomerate Paddy Power Betfair, which closed Wednesday. King said the company expects the NFL to be "a big part of our business" but can't conclusively say how they'll capitalize on crowds for NFL game days.

"It's tough to speculate how things will work," King said. "Obviously there's a lot of people whose goal is getting this right and providing the best user experience for everyone. We're playing the long game."

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