Tuesday November 28, 2023

Sports Betting Operators in for Long Haul

  • As sports betting surges, operators are working to establish long-term relationships.
  • Penn National and Rush Street Interactive each announced 20-year partnerships.
Design: Alex Brooks/Front Office Sports
Linkedin
Copy Link
Link Copied
Link Copied

As sports betting surges, operators are working to establish long-term relationships. 

On Tuesday, Penn National Gaming Inc. announced a strategic partnership with Capital Region Gaming allowing the Pennsylvania-based gaming company to operate in New York once state lawmakers approve mobile sports wagering. 

The deal lasts for 20 years. Capital Region operates Rivers Casino & Resort in Schenectady, New York, giving Penn National an immediate home. 

“Gaining potential access to what could become one of the nation’s most lucrative sports betting markets has been a major priority for our company,” said Jon Kaplowitz, Penn National’s senior vice president of interactive gaming.

But Penn National isn’t the only sports betting operator getting in on the action early and establishing a long-term foothold across the U.S.

  • On Monday, Rush Street Interactive, Inc. announced that it will offer its online casino and sports betting platform, BetRivers.com, for up to 20 years in Ohio, Maryland, and Missouri. 
  • RSI currently operates in eight states with a combined population of over 68 million. With the addition of Ohio, Maryland, and Missouri, RSI could reach more than 35% of the U.S. population.
  • This past September, Flutter Entertainment and Scientific Games agreed to a five-year extension after first partnering in 2000.
  • In 2019, PointsBet agreed to a 20-year partnership with Hawthorne Race Course in Illinois.

Everyone in the gaming industry will be locked up in contracts until 2040 before we know it.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

U.S. Sports Betting On Pace To Hit $100B In Wagers

Sports wagering activity accelerating to unprecedented levels.

Las Vegas GP Smashes Records For Sportsbooks

High-profile Formula 1 event proves to be popular with bettors.

ESPN Bet’s ‘Blueprint’ For Success Has An Unexpected Origin Story

PENN Entertainment looks to replicate success seen with Canada's theScore.

ESPN BET Will Attempt To Prevent The Influence Of Insiders

ESPN released internal guidelines that banned Insiders from the new ESPN BET.
podcast thumbnail mobile
Front Office Sports Today

Reich’s Firing Sign of Tepper-Fueled Chaos in Carolina

0:00
0:00

Featured Today

Lane Kiffin

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.
LSU Lady Tigers head coach Kim Mulkey reacts against the Iowa Hawkeyes during the NCAA Womens Basketball Final Four National Championship at American Airlines Center.
November 6, 2023

Who Is The Highest-Paid Women’s College Basketball Coach?

LSU rewarded Kim Mulkey after winning a national title after her second year leading the program.
The Pac-12’s Collapse Will Have Ripple Effects on College Basketball.
November 6, 2023

The Pac-12’s Collapse Will Have Ripple Effects on College Basketball

The existing Pac-12 host a college basketball season for the last time.
Favre Presley
November 3, 2023

Brett Favre Controversy Casts Shadow Over Mississippi Gubernatorial Race

Candidate Brandon Presley has made the scandal one of his talking points.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Adidas
Multiple - USA Careers
NBA
Multiple - USA Careers
Kroenke Sports Enterprises
Multiple - USA Careers
ESPN Bet

ESPN Treads Lightly with Promoting Its Own ESPN Bet

The much-anticipated first weekend didn't lead to over-the-top promotion.
ESPN Bet
November 15, 2023

ESPN Bet Offers Familiar Feel, Hefty Promotions at Launch

PENN rolled out its reskinned Barstool app on Tuesday.
November 17, 2023

ESPN Bet Wants To Challenge the Sports Gambling Duopoly. What Are Its Chances?

ESPN Bet is live in 17 states after launching this week.
Sponsored

USGA’s Amanda Weiner on Delivering
Personalized Fan Experiences with
 AI and Automation

How the USGA is using AI to streamline content creation and distribution.
Rutgers Scarlet Knights running back Kaevon Merriweather is tackled by Iowa Hawkeyes defensive back Gaven Cooke during the second half at SHI Stadium.
November 10, 2023

Rutgers-Iowa Sets College Football Record for Lowest Over-Under

Rutgers-Iowa's betting total of 27.5 is the lowest on record.
A view of a FanDuel sportsbook location.
November 9, 2023

FanDuel Parent Doubles Down On U.S. Market With Planned Stock Listing

Flutter Entertainment makes move to begin trading on NYSE
DraftKings
November 3, 2023

DraftKings' Revenue Soars As Mobile Sports Betting Continues To Expand

The company reported strong earnings in its third quarter.
Ottawa Senators center Shane Pinto against the Arizona Coyotes at Mullett Arena.
October 26, 2023

Senators' Pinto First Modern NHL Player Suspended for Gambling

Shane Pinto’s suspension is an NHL first since PASPA’s repeal in 2018.