DraftKings has announced a deal with New York’s del Lago Resort and Casino to assist the daily fantasy site in its foray into sports betting. The deal will give DraftKings a physical sportsbook and the ability to create a mobile app for the casino once New York regulates sports betting.
While partnering with DraftKings will be a boost to del Lago revenue struggles, the partnership also provides DraftKings with some huge benefits.
“New York is one of the largest revenue opportunities for future sports wagering operators. 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,” said Jason Robins, CEO of DraftKings.
Prior to the deal with del Lago, DraftKings had also struck a partnership with Resorts Casino to offer sports betting in New Jersey in early June. In late June, DraftKings also signed a deal with Kambi to provide technology services to support the expansion of DraftKings sportsbetting product.
New Jersey went live with sports betting in June, but the DraftKings product has yet to launch.
Sports betting in New York
After the Supreme Court of the United States ruled in favor of New Jersey to offer sports betting, lawmakers have been scrambling to bring sports betting to their states. Fortunately for New York, voters authorized sports betting in 2013 if and when the federal climate would become more favorable. That gives the state a leg up to become the next state to offer sports betting. Regulators are currently drafting regulations.
Once the state gaming commission issues regulations — which has apparently stalled — approved New York casinos would be eligible to take bets. In addition to del Lago, sports books could pop up at the Tioga Downs Casino in Waterloo, Rivers Casino and Resort in Schenectady and Resorts World Catskills in Monticello.