Scott Olson/Getty Images(NEW YORK) — DraftKings and FanDuel have agreed to merge into one fantasy football giant in 2017.
The companies announced the deal on Friday, saying in a statement the two were “bringing together the shared talent, technology and industry relationships of DraftKings and FanDuel to advance the fantasy sports industry and to better serve players and fans.”
DraftKings said the combined resources would allow both companies to “work more efficiently and economically with state government officials to develop a standard regulatory framework for the industry.”
The deal, which is pending regulatory approval, comes after both DraftKings and FanDuel suffered from increased scrutiny as some states pondered the legality of the gambling operations.
Among the states to rule that daily fantasy sports violated state gambling laws were New York, Alabama, Delaware, Hawaii, Idaho, Illinois, Mississippi and Texas.
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