A ‘landmark’ collaboration with the Mashantucket Pequot Tribal Nation has been celebrated by DraftKings, which will set the stage for online sports betting access, ahead of the planned launch of legal sports betting in Connecticut.
The partnership also sees DraftKings become Foxwoods Resort Casino’s official daily fantasy sports partner, subject to required legislative and regulatory approvals.
Matt Kalish, co-founder and president of DraftKings North America said: “This is a landmark deal in collaboration with the Mashantucket Pequot Tribal Nation as well as a critical next step to bringing America’s top-rated sportsbook app to sports fans in Connecticut.
“The national expansion of regulated sports betting is among our top strategic priorities. DraftKings today is live with mobile sports betting in 10 states, more than any other operator in the US, and teaming up with the tribe will allow us to extend our reach even further.”
The Mashantucket Pequot and Mohegan Tribes hold the exclusive rights to conduct gaming within the state’s boundaries under long-standing agreements with Connecticut, in return for 25 percent of their slot income, an arrangement that has created over $8 billion in revenue for the state since its inception.
DraftKings and the Mashantucket Pequot Tribe will be ready to begin sports betting in Connecticut upon state legalisation and execution of an amendment to the tribal/state agreement. Internet gaming and sports betting are expected to produce revenue of $175m over five years for the state.
Rodney Butler, chairman of the Mashantucket Pequot Tribe, which owns and operates Foxwoods said: “Partnering with DraftKings, the most prominent name in sports betting, reinforces the Mashantucket Pequot Tribe’s position as a leader in the gaming and entertainment industry.
“We’ve proven our ability to shape the future of gaming time and time again, and now we’re ready to drive sports wagering and online gaming for the state of Connecticut. Working through the tribal gaming compacts, we will help bolster our economy with much-needed revenue and virtual entertainment.”
As a result of the agreement, DraftKings will broaden its presence in New England and the Connecticut, New Jersey and New York Tri-State area, which will become Foxwoods’ first-ever daily fantasy sports partner.
Jason Guyot, interim CEO and president for Foxwoods Resort Casino said: “DraftKings is a pioneer in the US digital sports entertainment and gaming market.
“Offering daily fantasy sports allows us to bring a new type of compelling and interactive online experience to our passionate sport fans.
“By combining Foxwoods’ 29-year gaming legacy with DraftKings’ deep digital expertise, we’re well positioned to continue leading gaming advancements in the region and beyond.”
Today, DraftKings & the Mashantucket Pequot Tribal Nation announced a multi-channel partnership, in preparation for online sports wagering in CT. @DraftKings will also become the official daily fantasy sports partner of @FoxwoodsCT. Full release here: https://t.co/W7PKhX0m5S pic.twitter.com/87IvA9rgxp
— DraftKings News (@DraftKingsNews) December 7, 2020