DraftKings has entered into a sports betting deal with del Lago Resort & Casino in terms of which the daily fantasy sports operator will launch a sportsbook via the New York state venue.
The agreement will see both parties able to collaborate on launching a mobile sports wagering app and online sports betting service following the introduction of a physical offering at the casino in the town of Waterloo and pending the authorization of these services by state legislators.
However, due to the fact that the required legislation will not be considered until next year at the earliest once Andrew Cuomo faces an election in November in order to secure a third term as Governor, a target launch date for the online and mobile aspects of the sportsbook is still unknown.
According to a spokesperson for del Lago Resort & Casino, a number of potential partners were considered before DraftKings was selected and it expects a “significant” impact as a result of the agreement.
Jason Robins, Chief Executive Officer and co-founder at DraftKings, announced that the state of New York is “one of the largest revenue opportunities for future sports wagering operators”.
DraftKings commenced work on its sportsbook product a year ago, after the Supreme Court decided to take up New Jersey’s challenge to the Professional and Amateur Sports Protection Act (PASPA). On 15th May of this year, the Supreme Court ruled in favor of New Jersey against PASPA.
DraftKings also secured a sports wagering partnership with Resorts Casino in Atlantic City, New Jersey last month.