DraftKings Inc is anticipating spreading its reach into new more states across the US following the recently announced extension to its market access partnership with Penn National Gaming. The firm said that the extended deal will enable it to offer its mobile and online sportsbook product in additional US states, subject to passage of applicable laws and the parties securing necessary gaming licenses.
The expansion builds upon the two companies’ earlier West Virginia market access deal, which was announced in December 2018. DraftKings’ additional market access is exclusive to Penn National Gaming across certain states in which Penn National Gaming operates casino properties.
“With dozens of states having already legalized sports betting or poised to do so in the near future, this expanded partnership ensures DraftKings is positioned to quickly enter new markets,” said Ezra Kucharz, the firm’s Chief Business Officer. “Penn National Gaming brings tremendous resources, people and experience to the partnership and, as we finalized the terms of the deal, it was abundantly clear there is a real synergy between our two companies that bodes very well for the future.”
“DraftKings is a clear leader in the burgeoning sports betting industry, and Penn National is excited to be extending our partnership with Jason Robins and his team,” said Jon Kaplowitz, SVP Interactive for Penn National Gaming. “We believe that DraftKings is well positioned to continue its success in the years to come.”
