DraftKings partners with casino resort to launch New York sportsbook
US fantasy sports operator DraftKings has signed a deal with the del Lago Resort and Casino in New York that will see the venue hosting a DraftKings sportsbook.
As per the terms of the deal, Draftkings will launch a physical sportsbook at the resort in Waterloo, New York State. After this, the agreement allows for both a mobile app and online sports betting service to be released, although both will first require authourisation, with legislation currently pending.
The legislation is not expected to be discussed until next year, due to elections taking place in the state in November.
Legislation to allow sports betting at all the state’s racetracks and casinos is also yet to pass. However, New York already has an exception for four upstate to casinos to take bets on sports, with del Lago being one of them.
Speaking about the deal a statement, Jason Robins, CEO of DraftKings, said:
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.– Jason Robins, DraftKings CEO
Operators and casinos alike are scrambling for position in New York despite sports betting still not technically being legal there. Analysts believe it will be the second largest market within the US, behind only California, while bets could be taken as early as the start of 2019.
Things are moving quicker for DraftKings in neighbouring New Jersey. There, the fantasy sports betting operator has already secured a sports betting deal, after signing a deal with the Resorts Casino Hotel in June.
With New Jersey leading the way in terms of sports betting legislation in the US, the operator is also hoping to have its online sportsbook and app released by September and the start of the NFL season.
Elsewhere in the country, nine casinos in Pennsylvania have applied for a gambling licence over the last week. The state had opened up application rounds back in April to a muted response. However, multiple operators have submitted applications since last week, among them some of the state’s largest resorts, such as the Parx Casino and the Mount Airy Casino Resort.