FanDuel May Purchase Fairmount Park Racetrack, Gain Immediate Sports Betting Access

Multiple sources have confirmed to Sports Handle that growing U.S. sports betting juggernaut FanDuel Group is in talks to purchase the Fairmount Park Racetrack in Collinsville, Ill., in the St. Louis metropolitan area. The reason? It’s a workaround for the application fee and would allow FanDuel, which would otherwise have an 18-month waiting period before it could launch its mobile sportsbook in Illinois, a chance to go live sooner under its own brand name.

The timeline for a purchase is unclear, but talks are well underway and FanDuel Group (Betfair Interactive US LLC) already applied for a management services provider license with the Illinois Gaming Board. The fee for this license is $1 million. Fairmount Park has applied for an organization license, which has a $10 million price tag.

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