DraftKings ink sports betting deal with New York’s del Lago casino

Daily fantasy sports operator DraftKings has inked a prospective sports betting technology deal with New York’s del Lago Resort & Casino.

On Monday, DraftKings announced that it had reached a deal with the del Lago’s owners to provide the casino with a physical sportsbook as well as an online and mobile sports betting product, just as soon as state legislators approve the necessary sports wagering legislation.

This is the second US single-game sports betting deal for DraftKings, which previously announced a betting tech deal with Atlantic City’s Resorts Casino Hotel (which has yet to launch). It’s also another coup for B2B betting tech provider Kambi, which announced a technology partnership with DraftKings last month.

Sports betting would be a welcome addition to the del Lago’s gaming palette, as the venue has struggled financially since it opened its doors last year. In January, Moody’s Investors Service cut its outlook for the venue to ‘negative,’ citing the casinos’ projections that its first-year revenue would come in around $100m below its original projections.