DraftKings (NASDAQ: DKNG) and the Mashantucket Pequot Tribal Nation
today announced they have entered into a multi-channel deal,
setting the stage to deliver access for online sports betting ahead
of the anticipated launch of legal sports betting in Connecticut,
subject to necessary legislative and regulatory approvals. With
this alliance, DraftKings will also become the official daily
fantasy sports partner of Foxwoods Resort Casino.
Through this agreement, DraftKings, a leader in digital sports
entertainment and gaming, will expand its footprint in New England
and the Connecticut, New Jersey and New York Tri-State area.
“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,”
said Matt Kalish, co-founder and President of DraftKings North
America. “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 U.S., and teaming up with the tribe will allow us to extend our
reach even further.”
“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,” said Rodney
Butler, chairman of the Mashantucket Pequot Tribe, which owns and
operates Foxwoods. “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.”
DraftKings will also become Foxwoods’ first-ever daily fantasy
sports partner, when launched on December 13, 2020, offering online
promotions, contests and other integrated digital experiences to
enhance fan engagement.
“DraftKings is a pioneer in the U.S. digital sports
entertainment and gaming market,” said Jason Guyot, interim CEO and
president for Foxwoods Resort Casino. “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.”
Under longstanding agreements with Connecticut, in exchange for
25% of their slot revenue, the Mashantucket Pequot and Mohegan
Tribes maintain the exclusive rights to operate gaming within
Connecticut’s borders — an arrangement that has generated over $8
billion in revenue for the state since its inception. Upon state
legalization and execution of an amendment to the Tribal/State
agreement, DraftKings and the Mashantucket Pequot Tribe will be
poised to launch sports betting in Connecticut. Online gaming and
sports betting are projected to generate $175 million in new
revenue for the state over five years.
Since the overturn of The Professional and Amateur Sports
Protection Act of 1992 (PASPA), DraftKings is now live with mobile
and retail sports betting across the country in a total of 12
states, with New York and Mississippi currently only offering
customers the retail sportsbook experience. In November, DraftKings
entered Tennessee, marking the most recent sports betting state
launch for the company with the goal of nationwide
accessibility.
Fans can access integrated daily fantasy sports experiences by
visiting www.draftkings.com and www.foxwoods.com or download
DraftKings’ daily fantasy and sportsbook apps via iOS and
Android.
About DraftKingsDraftKings Inc. (Nasdaq: DKNG)
is a digital sports entertainment and gaming company created to
fuel the competitive spirit of sports fans with products that range
across daily fantasy, regulated gaming and digital media.
Headquartered in Boston, and launched in 2012 by Jason Robins, Matt
Kalish and Paul Liberman, DraftKings is the only U.S.-based
vertically integrated sports betting operator. DraftKings is a
multi-channel provider of sports betting and gaming technologies,
powering sports and gaming entertainment for 50+ operators in 17
countries. DraftKings’ Sportsbook is live with mobile and/or retail
betting operations in the United States pursuant to regulations in
Colorado, Illinois, Indiana, Iowa, Mississippi, New Hampshire, New
Jersey, New York, Oregon, Pennsylvania, Tennessee and West
Virginia. DraftKings’ daily fantasy sports product is available in
8 countries internationally with 15 distinct sports categories.
DraftKings is the official daily fantasy partner of the NFL, MLB
and the PGA TOUR as well as an authorized gaming operator of the
NBA and MLB and an official betting operator of the PGA TOUR.
About the Mashantucket Pequot Tribal Nation The
Mashantucket (Western) Pequot Tribal Nation is a federally
recognized Indian tribe located at one of America’s oldest Indian
reservations, Mashantucket, in Southeastern Connecticut. As
pioneers of the Indian Gaming casino industry, the history of the
Mashantucket Pequots reveals one of America’s greatest come-back
stories, featured at the Tribe’s world renowned Mashantucket Pequot
Museum. Today, the Tribe owns and operates one of the largest
Integrated Resort Casino destinations in North America,
Foxwoods Resort Casino, along with a variety of complementary
businesses including a world-class golf course, luxury spa, Pequot
Pharmaceutical Network, and Pequot Plus Health Benefit
Services. As one of Connecticut’s highest revenue
contributors and largest employers, the Mashantucket Pequots have
provided the state more than $4 billion in slot revenue through a
first-of-its-kind agreement, established in 1993. Likewise,
the Tribe has contributed hundreds of millions in donations and
sponsorships for the benefit of communities and tribes in need,
locally and throughout the U.S.
About Foxwoods Resort CasinoAs the largest
resort casino in North America, Foxwoods Resort Casino offers
guests a premier destination resort experience throughout its six
world-class casinos; AAA Four-Diamond hotels featuring over 2,200
rooms; dining options for all tastes; luxurious spas; award-winning
golf; state-of-the-art theaters; Tanger Outlet Mall; conference
space for groups of all sizes; and free online casino games at
FoxwoodsONLINE.com. There is always something new at Foxwoods, most
recently the arrival of Foxwoods Extreme Adventures. Adventure
knows no limit as guests can zipline or race around on a
European-style indoor karting track. Foxwoods Resort Casino truly
is The Wonder Of It All, providing a personalized and exciting
escape for everyone. Foxwoods, opened in 1992, is owned and
operated by the Mashantucket Pequot Tribal Nation. For a detailed
look at Foxwoods Resort Casino and Mashantucket Pequot Tribal
Nation visit Foxwoods.com.
Media Contacts
media@draftkings.com@DraftKingsNews
SHIFT Communications for Foxwoods Resort
CasinoFoxwoods@shiftcomm.com
Forward-Looking Statements
Certain statements made in this release are “forward looking
statements” within the meaning of the “safe harbor” provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words “estimates,”
“projected,” “expects,” “anticipates,” “forecasts,” “plans,”
“intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,”
“propose” and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees of future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside DraftKings’ control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. For a discussion of additional
risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements, see
DraftKings’ Securities and Exchange Commission filings. DraftKings
does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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