DraftKings Set to Enter Kentucky
Inks Agreement with Corbin Racetrack for Kentucky Market Access
Boston – (Aug. 22, 2023) – Today, DraftKings Inc. (Nasdaq: DKNG) announced it has reached an agreement with ECL Corbin, LLC, a wholly owned subsidiary of ECL Entertainment, LLC, dba The Mint Gaming Hall at Cumberland and Cumberland Run (“Corbin”) that gives the digital sports entertainment and gaming company access to operate mobile sports betting in the Bluegrass State pending licensure and regulatory approvals. In addition to offering mobile sports betting, DraftKings and Corbin will open retail sportsbooks at Corbin properties as well.
“Together with the Corbin properties, we’re excited to bring our premier sports betting experience to yet another state and its sports fans,” said Matt Kalish, President, DraftKings North America. “We want to thank the Kentucky General Assembly for passing legislation and Governor Andy Beshear for his support of sports wagering as we look forward to launching our sportsbook product during a busy football season, pending licensure and regulatory approvals.”
The pending launch would mark the 22nd state DraftKings is live in with its mobile sportsbook and 24th overall with sports betting.
“The Corbin properties are truly excited to work with DraftKings, one of the country’s leading sportsbook operators. This will be a great relationship for both companies,” said Marc Falcone, the co-managing partner along with Ron Winchell for ECL Corbin, LLC.
An active member of the American Gaming Association (“AGA”), DraftKings is committed to promoting the AGA’s Have A Game Plan.® Bet Responsibly™ public service campaign, which educates customers on responsible gaming best practices, such as establishing and adhering to a budget and only engaging with legal, regulated operators. DraftKings is committed to creating inclusive and responsible pathways for people to build, create, imagine and innovate through the DraftKings S.E.R.V.E.S. program.
DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games and betting experiences. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 23 states and in Ontario, Canada. The Company operates iGaming pursuant to regulations in 5 states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in 3 states under its Golden Nugget Online Gaming brand. DraftKings’ daily fantasy sports product is available in 44 states, certain Canadian provinces and the United Kingdom. DraftKings is both an official daily fantasy and sports betting partner of the NFL, NHL, PGA TOUR and UFC, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. Launched in 2021, DraftKings Marketplace is a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions. In addition, DraftKings owns and operates Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings is committed to being a responsible steward of this new era in real-money gaming with a company-wide focus on responsible gaming and corporate social responsibility.