DraftKings Partners With the PGA Tour for On-Site Sportsbook

Golfers have been betting on the course with other members of their foursome for ages. Now PGA Tour spectators will have their own sportsbook to place bets at a PGA Tour event for the first time. The PGA and DraftKings (NASDAQ: DKNG) today announced they will expand their partnership to include a retail sportsbook beginning with the TPC Scottsdale -- site of the Waste Management (NYSE: WM) Phoenix Open -- in 2023. 

On Monday, the Arizona legislature cleared the path by authorizing gaming on fantasy sports and sports betting pending the expected signature of Governor Doug Ducey. The legislation allows mobile- and retail-sports betting but also gives professional sports leagues the ability to open on-site retail betting shops. 

Continue reading

Source Fool.com