FaZe Clan Partner with DraftKings
You may be hearing news about FaZe Clan and DraftKings. It has been announced that esports organization FaZe Clan has partnered with sports betting and daily fantasy sports company DraftKings. The sports betting deal will be beneficial to both parties, allowing them access to new customers on either end.
DraftKings will then become the official sports betting, daily fantasy, internet gambling, as well as free-to-play partner of the esports company. And, in turn, FaZe Clan, which likes to think of itself as a lifestyle, gaming, and media brand will help DraftKings expand further into the esports world.
FaZe is hoping to branch out more into the world of content creation. This partnership with DraftKings will allow them to create esports betting content.
FAZE CLAN OVERVIEW
FaZe Clan is a professional esports and entertainment team. It is headquartered in Los Angeles, California. The organization boasts players from around the globe, across multiple gaming platforms.
FaZe Clan has been around since 2010. The league has catered mostly to millenial and Gen Z fans of esports. It has over 350 million fans on social platforms at this time. And, the organization has recently announced its plans to go public through its merger with B. Riley Principal 150 Merger Corp., which is an SPAC.
RECENT TOURNAMENT WINS
Back in 2017, FaZe Clan were the runners up in ESL Pro League Season 6 and were the champions of the ELeague CS:GO Premier, which earned them a $500,000 prize. In 2018, they were the second runners up of ESL Pro League Season 7 as well as ESL One Cologne.
FAZE CLAN SPAC
As mentioned before, FaZe Clan has announced its plans to go public. They are attempting to do so through a special purpose acquisition company (SPAC) merger. This merger with B. Riley Principal 150 Merger Corp. could mean big things for the company. Going public would potentially value the company at $1 billion.
DRAFTKINGS ENTERS INTO ESPORTS MARKET
DraftKings is one of the first online sports betting operators to offer esports betting. At this time, the operator also offers esports daily fantasy contests. These range across Counter-Strike: Global Offensive (CS:GO), Call of Duty, Dota 2, League of Legends (League), Valorant, and Rocket League. Now, DraftKings will become the official sponsor of FaZe Clan’s Counter-Strike esports team.
If you are planning on making esports bets, you will need an online sports betting account in order to do so. And, when you create a new sports betting account with an operator, most of the time you will find a welcome offer that you can redeem. Luckily, DraftKings is an online sports betting platform that offers a sign up offer to new customers when they create an account.
The DraftKings Sportsbook welcome offer can get new users up to $1000 in bonus funds. The first deposit that a customer makes qualifies the customer to receive up to $1,000 in bonus funds. A minimum deposit of $5 is required.
The bonus funds can only be used on the DraftKings Sportsbook. The amount a user will receive in bonus funds is equal to 20% of that initial deposit. So, a user must deposit $5,000 or more in order to receive the full $1,000. Users cannot receive more than $1,000 in bonus funds when they redeem the welcome offer.
ESPORTS BETTING FAQ
Now, you have learned a lot about the DraftKings Sportsbook, FaZe Clan, and the world of esports. However, you may not know everything when it comes to the ins and outs of esports betting. So, this frequently asked questions section will help you learn more about esports betting to help fill any knowledge gaps.
WHERE IS ESPORTS BETTING LEGAL?
Esports betting has been legalized in Nevada, New Jersey, Tennessee, Colorado, Virginia, Washington, as well as West Virginia. Esports betting is also regulated in Arkansas, Delaware, New York, Iowa, Illinois, Michigan, Rhode Island, Montana, New Mexico, Oregon, and Pennsylvania, but necessarily legal. It has also recently been legalized in Connecticut, along with other forms of sports betting.
HOW DO I PLACE A BET ON FAZE CLAN?
In order to place a bet on FaZe Clan, interested users just need to look for an esports betting feature to become available on DraftKings in their area. Then, they should just look for the available bets.
WHAT ARE SOME POPULAR ESPORTS TO BET ON?
Some of the most popular esports games for esports betting are League of Legends (League), Counter-Strike: Global Offensive (CS:GO), Dota 2, Valorant, as well as Fortnite.
WHAT KIND OF BETS CAN BE PLACED ON ESPORTS?
Some of the same bets that can be placed on regular sports can be placed on esports. These include outright win/moneyline bets, spread betting regarding points, as well as prop bets.