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Many overheads in this market: Bet on drone races



ATLANTIC CITY, New Jersey (AP) – In the category “gamblers will bet on absolutely everything”, here’s a new one: A big sports book bets on air races with drones.

DraftKings said Friday that it is betting on the Drone Racing League this weekend, in which pilots fly drones in competitions.

Betting on drone races in the league is legal in Colorado, New Hampshire, New Jersey, Tennessee and West Virginia, with regulatory approval pending in other states.

“The sky is now the limit for DRL fans to put leather in the game, and we are excited to partner with DraftKings to make our high-speed race the best sport we can bet on,”

; said the president of Drone Racing. League Rachel Jacobson. “The opportunity for us to increase our engagement through all forms of gambling and gambling will increase as mobile betting becomes more popular across the country.”

The sports book and the league are hosting “pre-flight shows” on Friday night on Twitter ahead of live events in which expert sports bettors and top drone pilots will teach fans how to participate.

The championship events start on Saturday.

Jacobson said all of his races are virtual this year, taking place in a simulation that incorporates the physics of drones into real life. But it also hosts live drone competitions at venues that include Hard Rock Stadium in Miami Gardens, Florida; Alexandra Palace in London and the Auto Museum in Munich.

DraftKings says there is a market for this. Last year, he offered free unmanned aerial vehicle competitions to assess interest in the activity, and the response was 30% higher than usual for a new sport introduced on the betting platform. So far, there are more than 150,000 entries in these free competitions.

As with major sports, including football, baseball and basketball, gamblers will be able to place bets before and during competitions.

DraftKings said consumer surveys show that fans of drone racing are three times more likely to place bets than fans of major sports leagues, and are 90% more likely to be interested in sports betting in general. than the average sports fan.

The drone league is a private New York company founded in 2015. It has held events in six countries.

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Follow Wayne Parry at http://twitter.com/WayneParryAC.




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