Lou Monaco | 3 minutes
DraftKings and the Mashantucket Pequot Tribal Nation are coming into into an settlement to ship on-line sports activities betting entry forward of sports activities betting being legalized in Connecticut. The deal throughout a number of channels is pending regulatory approval.
“It is a landmark deal in collaboration with the Mashantucket Pequot Tribal Nation in addition to a crucial subsequent step to bringing America’s top-rated sportsbook app to sports activities followers in Connecticut,” Matt Kalish, co-founder and president of DraftKings North America, mentioned in a information launch. “The nationwide enlargement of regulated sports activities betting is amongst our prime strategic priorities. DraftKings at the moment is dwell with cell sports activities betting in 10 states, greater than some other operator within the U.S., and teaming up with the tribe will permit us to increase our attain even additional.”
Sports activities betting is authorized in two New England states — New Hampshire and Rhode Island.
DraftKings may even turn into the official — and first — day by day fantasy sports activities accomplice of Foxwoods Resort On line casino in Mashantucket, based on the information launch. Dec. 13, which is Week 14 of the NFL season
Two tribes in Connecticut — the Mashantucket Pequot and Mohegan Tribal Nations — have lengthy maintained they’ve unique rights to gaming within the state in change for 25% of their slots income. That has stalled any legislative motion on sports activities betting.
Playing presently exists on the tribal-owned Mohegan Solar and Foxwoods Casinos and has generated greater than $8 billion in income for the state, the discharge mentioned. On-line gaming and sports activities betting are projected to generate $175 million in new income for the state over 5 years. Upon state legalization and an modification to the tribal/state settlement, DraftKings and the Mashantucket Pequot Tribe say they are going to be poised to launch sports activities betting.
“Partnering with DraftKings, essentially the most distinguished identify in sports activities betting, reinforces the Mashantucket Pequot Tribe’s place as a frontrunner within the gaming and leisure business,” Rodney Butler, chairman of the Mashantucket Pequot Tribe, which owns and operates Foxwoods, mentioned within the launch. “We’ve confirmed our skill to form the way forward for gaming time and time once more, and now we’re able to drive sports activities wagering and on-line gaming for the state of Connecticut.
”Working by way of the tribal gaming compacts, we’ll assist bolster our financial system with much-needed income and digital leisure.”
Extra on DraftKings
DraftKings is now dwell in 12 states, 10 with cell sports activities betting plus New York and Mississippi, which presently solely supply retail sports activities betting. Final month, DraftKings entered Tennessee, the newest sports activities betting state launch for the corporate.
In New Hampshire, DraftKings holds unique rights to on-line and retail sports activities betting.
“DraftKings is a pioneer within the U.S. digital sports activities leisure and gaming market,” Jason Guyot, interim CEO and president for Foxwoods Resort On line casino, mentioned within the launch. “Providing day by day fantasy sports activities permits us to deliver a brand new kind of compelling and interactive on-line expertise to our passionate sport followers. By combining Foxwoods’ 29-year gaming legacy with DraftKings’ deep digital experience, we’re nicely positioned to proceed main gaming developments within the area and past.”