DraftKings cuts deal with Atlantic City casino for sports betting [Video]

One of the nation’s largest daily fantasy sports companies is teaming up with an Atlantic City casino in the latest deal seeking to capitalize on the emerging legal sports betting market.

DraftKings and Resorts Casino tell The Associated Press that they will sign a deal Friday morning to offer sports betting in New Jersey.

The pairing highlights the scramble among gambling, bookmaking and technology companies to position themselves to gain a large share of the nascent sports betting market now that the U.S. Supreme Court has cleared the way for it.

The high court earlier this month allowed individual states to legalize sports betting, striking down a law that had limited it to only four states.

“Everybody knows there’s a big opportunity out there,” said Jason Robins, CEO of DraftKings. “It’s a new thing, so people are trying to see how they want to go about it, who they want to partner …