TYRE, N.Y. — Del Lago Resort & Casino has reached an agreement with DraftKings to provide a sportsbook at the casino once New York legalizes sports betting.
The agreement also enables the creation of a mobile and online sports-wagering option, once the state authorizes it, according to a joint news release issued Monday.
“New York is one of the largest revenue opportunities for future sports wagering operators and we are thrilled to partner with del Lago Resort & Casino to offer sports fans a unique and novel sports betting experience, both at a physical sportsbook and on mobile when permitted,” Jason Robins, CEO and co-founder of DraftKings, said.
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A sportsbook is an establishment that takes bets on sporting events and pays out winnings.
DraftKings is “well positioned” to capitalize on the New York market through its “industry leading” technology and more than 10 million customers, the company contends. It began work on its sportsbook product a year ago following the U.S. Supreme Court’s decision to consider New Jersey’s challenge to the Professional and Amateur Sports Protection Act.
New Jersey won that case in May, meaning states can now decide if they want to allow gamblers to place bets on individual games.
Pending the adoption of a state law authorizing online sports wagering and corresponding regulations, DraftKings plans to “leverage its experience” in developing daily fantasy sports contests to launch a sports-betting app along with a web-based platform in New York.
“We see DraftKings as a fantastic and strategic partner in our sportsbook operation at del Lago Resort & Casino, and this deal represents a tremendous move forward for our property in general,” Brent Stevens, co-chairman of del Lago and CEO of Peninsula Pacific, said in the release.
Los Angeles, California–based Peninsula Pacific is del Lago’s development partner.
This is the second sports-wagering partnership DraftKings has secured, having announced a similar deal last month with Resorts Casino Hotel in Atlantic City, N.J., as their licensing partner for online sports betting in that state.
DraftKings expects to offer mobile and online sports betting in New Jersey by the start of the NFL season, it said.
About DraftKings
Boston, Massachusetts–based DraftKings was founded in 2012 by Matt Kalish, Paul Liberman, and Jason Robins. It offers sports games across 11 professional sports in the U.S., Canada, United Kingdom, Malta, Germany, Ireland, Austria, and Australia.
The company made headlines in New York when former New York State Attorney General Eric Schneiderman in November 2015 ordered both DraftKings and FanDuel to stop accepting online, daily fantasy sport bets inside New York.
Gov. Andrew Cuomo in August 2016 signed a bill that requires fantasy-sports companies to register with and operate under the regulations of the New York State Gaming Commission.
Contact Reinhardt at ereinhardt@cnybj.com
