Australia markets open in 5 hours 13 minutes
  • ALL ORDS

    7,051.00
    +36.00 (+0.51%)
     
  • AUD/USD

    0.7738
    +0.0043 (+0.55%)
     
  • ASX 200

    6,770.40
    +27.80 (+0.41%)
     
  • OIL

    53.41
    +0.43 (+0.81%)
     
  • GOLD

    1,864.10
    +23.90 (+1.30%)
     
  • BTC-AUD

    45,222.21
    +625.02 (+1.40%)
     
  • CMC Crypto 200

    687.58
    -13.03 (-1.86%)
     

Drone Racing League embraces sports betting in partnership with DraftKings

Chris Velazco
·Senior Editor, Mobile
·2-min read

Since the dawn of the drone era, enterprising pilots and enthusiasts have found ways to make money off their passion for flying. Thanks to a new partnership between the Drone Racing League and DraftKings, though, gamblers can now make money off of other people’s passion for flying.

Well, some gamblers, anyway. While DraftKings can legally operate its daily fantasy sports business in 43 states, the company stresses that betting on drone races is currently only legal in Colorado, New Hampshire, West Virginia, Tennessee and New Jersey. (Of course, as Alexander Hamilton once insisted, everything is legal in New Jersey.)

“The sky is now the limit for DRL fans to get skin in the game, and we’re thrilled to partner with DraftKings to transform our high-speed race competition into the ultimate sport to bet on,” said DRL President Rachel Jacobson in a press release.

Today’s announcement makes drone racing the first aerial sport people can legally bet on, and Jacobson noted to Forbes that embracing betting is part of the company’s plan to scale into an “ultimately mainstream sport.” If the thought of getting in on this appeals to you, the first drone race people will be able to bet on are the final stages of the 2020 DRL Allianz World Championship Season starting on January 9th.

Longtime DraftKings users may know today’s announcement has been in the works for months. The company first introduced drone races to its in 2020 as part of a free-to-play pool to gauge interest, and the response was significant -- DraftKings says it saw over “30 percent more entries in its first week than the average for new sports,” and further data suggested that drone racing fans are far more likely to place bets on races than more traditional sports fans. With that kind of potential financial upside, it’s no wonder the company is eagerly waiting to see if more state legislatures will officially approve drone race bets. So, which states might be next? Of the eight that DraftKings operates legal mobile sports betting, Pennsylvania, Iowa and Indiana are the three that haven’t yet legalized betting on drone races, though there’s no word yet on how seriously they’re taking the matter.