DraftKings pens sports betting agreement with del Lago
DraftKings lands deal with New York’s del Lago Casino
Daily fantasy sports operator, DraftKings, has signed a prospective sports betting technology deal with New York’s del Lago Resort & Casino.
This week, DraftKings announced that it had struck a deal with the del Lago’s owners to provide the casino with a physical sportsbook as well as an online and mobile sports betting product, just as soon as state legislators approve the necessary sports wagering legislation.
This marks the second US single-game sports betting deal for DraftKings, which previously announced a betting tech deal with Atlantic City’s Resorts Casino Hotel. It’s also another coup for B2B betting tech provider Kambi, which announced a technology partnership with DraftKings last month.
New York legislators made a half-hearted effort to approve single-game sports betting legislation following the US Supreme Court’s May ruling that struck down the federal betting prohibition. The result was that the legislature’s 2018 session closed without a vote on either chamber’s betting bills, meaning DraftKings’ del Lago deal is likely going to take longer than expected.
Ron Ochrym, the Commission’s acting-Executive Director, said that the Commission continued to “work on regulations that would effectuate sports gambling under existing statutory language,” but highlighted that there are “a number of thorny policy [areas] that staff have been considering, including whether the existing law can be read so as to authorize mobile wagering without new statutory enactments.”
Regardless of how fast it happens, DraftKings CEO Jason Robins claimed to be “thrilled” with the del Lago deal, citing the New York market’s potential to be “one of the largest revenue opportunities for future sports wagering operators.”
Brent Stevens, del Lago’s co-chairman, called these current times “an incredibly important moment for gaming in the Upstate region” and the DraftKings deal as “a tremendous move forward for our property in general.”
DraftKing’s DFS arch-rival, Fanduel, has its own New York casino partner, as the new FanDuel-Paddy Power Betfair tandem announced a prospective deal with the Tioga Downs racetrack casino last month.
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