Caesars Entertainment has announced a groundbreaking online gambling agreement with DraftKings.
It is the first multi-state arrangement Caesars has made as it looks to keep pace with its rivals in the ever-growing US sports betting industry.
The deal gives DraftKings access to online gaming and wagering markets in states where Caesars has casino properties.
That includes Mississippi, New Jersey and Pennsylvania, all of which have legalised gambling on sports.
BEST ONLINE SPORTSBOOKS
|#1||Claim a 50% deposit bonus up to the value of USD $250||
||> Review||Bet Now|
|#2||50% matched deposit up to USD $5,000||
||> Review||Bet Now|
It could also give the fantasy sports giant a valuable head start in potential future markets such as Illinois and Indiana.
“Partnering with such a world class gaming organisation will expedite our national roll-out process and give us the opportunity to work alongside one the largest and most established industry leaders in the world,” said Jason Robins, DraftKings CEO.
“We look forward to collaborating with Caesars Entertainment on creating the most innovative and engaging sports and entertainment products and events for our customers.”
In return, DraftKings will push Caesars as its official casino resort partner in all markets where they collaborate.
The Nevada-based gaming corporation will also take an equity stake in DraftKings as part of the agreement.
More gambling news
US sports betting update: New Hampshire legalises online gambling
BettingPlanet.com rounds up all the latest gambling news from the United States.
William Hill and Eldorado announce two new Iowa sportsbooks
Casinos in Bettendorf and Waterloo will have William Hill sportsbooks once Iowa approves new laws.
Washington DC awards sports betting contract to Intralot
Intralot was named DC's exclusive betting provider this week despite concerns of a conflict of interest.
UK betting firms pledge £100m to battle gambling addiction
Britain's biggest bookies have vowed to raise their voluntary levy from 0.1% to 1% by 2023.
Sweden fines eight gambling operators for bets on junior sports
Swedish regulators have dished out US $4.4m in fines over betting markets for events featuring children.
Latest betting tips
Central Bank of Kenya suspends services for betting firms
The CBK has halted business with all bookies that have failed to address ongoing licensing issues.
2019 AFCON final betting preview – Senegal vs Algeria
Sadio Mane's Senegal take on Riyad Mahrez's Algeria in a blockbuster AFCON final in Cairo.
2019 British Open betting preview – Rory McIlroy odds and tips
Can Rory McIlroy salute on home turf when the Open returns to Ireland for the first time since 1951?
AFCON 2019 semi-final betting preview – Algeria vs Nigeria
North will battle West when Algeria locks horns with Nigeria in the AFCON 2019 semi-finals.
2019 AFCON semi-final betting tips – Senegal vs Tunisia
A place in the AFCON final will be up for grabs when Senegal and Tunisia clash in Cairo.