FanDuel Inks Deal with Mohegan Tribe for Connecticut Sports Betting
FanDuel has agreed to a deal with Mohegan Tribe for a route into the Connecticut sports betting market.
FanDuel is heading to Connecticut. Mohegan Gaming & Entertainment and FanDuel Sportsbook revealed earlier this week plans to bring online sports betting, iGaming, daily fantasy sports, and a retail sportsbook to the Mohegan Sun Casino in Uncasville. The plans will go ahead pending regulatory approvals. There is a possibility that sports betting in the Constitution State could launch in the Fall, although that is an ambitious target set by lawmakers and other stakeholders. It is more realistic the sports betting industry will be live early next year.
The deal with FanDuel was expected after Mohegan and the Kambi Group announced they would be making changes to their sports betting supplier agreement. The new amendment ensured that Kambi would get expected revenue for its five-year term ending in 2024. Additionally, it would allow Mohegan to pursue a new online sports betting platform.
Mohegan Sun has an existing partnership with FanDuel, which began in 2016 to offer co-branded daily fantasy sports contests.
This new agreement places FanDuel head-to-head with DraftKings Sportsbook in Connecticut. Last December, DraftKings and the Mashantucket Pequot Tribal Nation joins forces for online sports betting access in Connecticut.
Online Casino Included in Deal
One of the aspects of the agreement announced on Wednesday was that FanDuel will also develop an online casino under the Mohegan Sun brand. Additionally, the sports wagering operator will open a temporary retail Mohegan Sun/FanDuel Sportsbook, featuring 16 self-service kiosks and four live betting windows in September.
Ray Pineault, President & CEO of Mohegan Gaming & Entertainment, said that they are excited to work with FanDuel. He described FanDuel as “one of the leading sports-tech entertainment companies in the U.S” and added that the partnership is a “priority for Mohegan Digital.”
FanDuel Retail Sportsbook is Coming
Both companies expect a permanent sportsbook to open this winter. Amy Howe, president of FanDuel Group, described the Mohegan Sun as an “iconic casino and entertainment destination in the Northeast.” Howe said that they have “some incredible plans for the retail space at Mohegan Sun” and confirmed that the sportsbook could be “the largest FanDuel Sportsbook in the United States.”
Gov. Ned Lamont signed sports betting into law in May. This move allowed the Mashantucket Pequot Tribe and the Mohegan Tribe, in addition to the Connecticut Lottery, to offer online sports betting and gaming.
The Connecticut Lottery Commission will soon reveal which company it will choose to be its sportsbook operator.
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