rainn.png
Wednesday March 3rd, 2021 4:13AM

Plenty of overhead in this market: Betting on drone races

By The Associated Press
Related Articles
  Contact Editor

ATLANTIC CITY, N.J. (AP) — In the “gamblers will bet on absolutely anything” category, here's a new one: A major sports book is taking bets on aerial drone races.

DraftKings said Friday it is taking bets for this weekend's championship of the Drone Racing League, in which pilots fly aerial drones in races.

Betting on the league's drone races is legal in Colorado, New Hampshire, New Jersey, Tennessee and West Virginia, with regulatory approvals pending in additional states.

“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,” Drone Racing League President Rachel Jacobson said. “The opportunity for us to elevate our engagement through all forms of gaming and gambling will only increase as mobile betting becomes more adopted across the country.”

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

Championship events begin on Saturday.

Jacobson said its races are all virtual this year, taking place in a simulation in which real-life drone physics are incorporated. But is also hosts live drone racing in venues that have included Hard Rock Stadium in Miami Gardens, Florida; Alexandra Palace in London, and an auto-museum in Munich.

DraftKings says there's a market for this. It offered free-to-play contests on drone races last year to gauge interest in the activity, and the response was 30% higher than usual for a new sport introduced to the betting platform. There have been more than 150,000 entries into these free contests so far.

As is the case with major sports including football, baseball and basketball, gamblers will be able to make bets before the races as well as during them.

DraftKings said consumer research has shown that drone racing fans are three times more likely to place a bet 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 privately owned New York company founded in 2015. It has held events in six countries.

___

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

  • Associated Categories: Associated Press (AP), AP Business, AP Strange News
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Biden to speed release of coronavirus vaccines
President-elect Joe Biden will be taking a new direction to speed release of coronavirus vaccines when he assumes office Jan. 20
11:49AM ( 2 minutes ago )
The Latest: Family of slain officer calls him a hero
The family of the slain Capitol Police officer says they want the public to remember him for being a hero
11:40AM ( 11 minutes ago )
Plenty of overhead in this market: Betting on drone races
In the “gamblers will bet on absolutely anything” category, here’s a new one: A major sports book is taking bets on aerial drone races
11:40AM ( 12 minutes ago )
Associated Press (AP)
Boston mayor, RI governor among Biden adds to economic team
President-elect Joe Biden is set to introduce the governor of Rhode Island, the mayor of Boston and a small-business advocate from California as the newest members of his economic team
11:19AM ( 32 minutes ago )
Pfizer study suggests vaccine works against virus variant
New research suggests the COVID-19 vaccine made by Pfizer and BioNTech can still work against a mutated coronavirus
11:09AM ( 42 minutes ago )
Roku buys library of the short-lived streaming service Quibi
Roku is buying short-lived streaming service Quibi’s content library to bolster content for its free Roku Channel
11:04AM ( 48 minutes ago )
AP Business
The Latest: Family of slain officer calls him a hero
The family of the slain Capitol Police officer says they want the public to remember him for being a hero
11:40AM ( 11 minutes ago )
The Latest: Pfizer study suggests vaccine fights variant
New research suggests the COVID-19 vaccine made by Pfizer and BioNTech can still work against a mutated coronavirus
11:38AM ( 14 minutes ago )
London mayor seeks help as UK sees record new virus deaths
London’s mayor has declared the capital’s COVID-19 situation to be critical, reflecting deteriorating conditions for beleaguered hospitals, as the country recorded its highest daily death toll in the pandemic
11:27AM ( 25 minutes ago )
The Latest: Trump tweets that he won't attend inauguration
President Donald Trump is casting himself as the defender of those who voted for him as he begins his day on Twitter
11:23AM ( 28 minutes ago )
U.S. tops 4,000 daily deaths from coronavirus for 1st time
The United States topped 4,000 daily deaths from the coronavirus for the first time
11:23AM ( 29 minutes ago )