US-based operator DraftKings has signed a new multi-channel agreement with Mashantucket Pequot Tribal Nation in Connecticut.
Through the agreement, DraftKings will become the daily fantasy sports partner of Foxwoods Resort Casino, owned by the tribal group.
The deal will see DraftKings go live with its online sports betting in Connecticut once it is legalised in the state, subject to necessary legislative and regulatory approvals.
Currently, Mashantucket Pequot Tribal Nation holds an exclusive right to operate gaming in Connecticut in exchange for 25% of its slot revenue. According to a statement on the DraftKings website, the group has generated $8bn in revenue for the state since forming this agreement.
Online gaming and sports betting are predicted to generate $175m in new revenue for Connecticut over the next five years.
“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,” commented 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 US, and teaming up with the tribe will allow us to extend our reach even further.”