Paddy Power Betfair Plc engages in the business of online betting and gaming. It operates through the following divisions: Online, Australia, Retail, and U.S. The Online division includes the online brands of Paddy Power and Betfair, the Paddy Power telephone sportsbook, as well as a number of business-to-business partnerships. The Australia division consists of Sportsbet, the market-leading brand in the fast-growing Australian online betting market. The Retail division operates over 620 Paddy Power betting shops across the UK and Ireland. The U.S. Division comprises of TVG, America's leading horseracing TV and betting network, DRAFT, an early-stage operator in daily fantasy sports, the Betfair New Jersey online casino and the Betfair New Jersey horseracing betting exchange. The company was founded on February 2, 2016 and is headquartered in Dublin, Ireland.