Today, DraftKings Inc. (Nasdaq: DKNG) announced it has reached an
agreement in principle, subject to licensing and regulatory
approvals, with the Passamaquoddy Tribe paving the way for the
launch of its online sportsbook in Maine.
“Building a relationship with the Passamaquoddy Tribe is a
fantastic opportunity for DraftKings, as we look to bring customers
in the state of Maine safe and legal sports betting,” said Jason
Robins, Chief Executive Officer and co-founder, DraftKings. “We
look forward to our continued collaboration with the Maine Gambling
Control Unit as we become the official mobile sports betting
provider of the Passamaquoddy Tribe and launch in our
industry-leading 25th state.”
The agreement between DraftKings and the Passamaquoddy Tribe
will allow sports fans 21 years of age and older to access
DraftKings’ innovative, immersive and entertaining sportsbook app
experience that includes a variety of wagering options including
pre-match and in-game options as well as signature, built in-house
same-game-parlay features.
“The Passamaquoddy Tribe is excited to enter into a mobile
sports wagering agreement with DraftKings,” said Chief William
Nicholas, Passamaquoddy Tribe. “We couldn’t have landed a better
organization in the mobile sports wagering arena, and we look
forward to continued progress and investment for future growth in
the state of Maine.”
“The Passamaquoddy Tribe at Sipayik is incredibly thrilled to
have a mobile sports wagering deal with DraftKings,” said Chief Pos
Bassett, Pleasant Point Tribal Government. “They are the industry
leaders, and we are excited to be a part of bringing a first-class
mobile sports wagering experience to Maine. This is a huge step
forward for my community and the state.”
In response to the tragic events in Lewiston, ME on October 25,
DraftKings will be donating $100,000 to Lewiston-Auburn
Area Response Fund to support those affected. With Maine
Community Foundation (MaineCF) as a conduit, 100% of every dollar
donated will be allocated to people impacted and the organizations
that will help guide Lewiston-Auburn through the process of
healing. Donations to the Lewiston-Auburn Area Response Funds will
be distributed with deep community guidance, including from
MaineCF’s statewide board, engagement by MaineCF’s Androscoggin
County Committee, and community steering committees.
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.
Eligible customers in Maine can access the latest betting
markets and more by downloading the DraftKings Sportsbook app
available via iOS and Android here. To become a DraftKings
Dynasty Rewards member, visit sportsbook.draftkings.com/dynasty.
For problem gambling support or services, please call
1-800-GAMBLER. Persons under 21 years of age may not participate in
sports wagering.
About DraftKingsDraftKings Inc. is a digital
sports entertainment and gaming company created to be the Ultimate
Host and 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 24
states and in Ontario, Canada. The Company operates iGaming
pursuant to regulations in five states and in Ontario, Canada under
its DraftKings brand and pursuant to regulations in three 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. In addition, DraftKings owns and operates both
DraftKings Network and Vegas Sports Information Network (VSiN), to
provide a multi-platform content ecosystem with original
programming. 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.
About The Passamaquoddy TribeThe Passamaquoddy
Tribe is a federally recognized Indian Tribe located in Washington
County, Maine with two reservations at Motahkomikuk and
Sipayik.
Passamaquoddy Tribe at Motahkomikuk owns and operates several
businesses including 8(a) federal contracting, maple bottling
plant, hotel and restaurant, food distribution center, high stakes
bingo, and Bear Lodge. Both reservations jointly own Passamaquoddy
Wild Blueberry Company in Columbia Falls, and co-manage 130,000
acres of lands across the state of Maine that are part of the
Carbon Credit Sequestration project.
Peskotomuhkati Passamaquoddy have lived
and flourished within our ancestral homeland at the least
since the time when the Laurentide Ice Glaciers
melted away from this part of North America, about 10 to 14
thousand years ago. Passamaquoddy Bay and neighboring West Isles
Archipelago also provided an abundance of salt-water food fish due
to the productivity of the deep, cold, strong upwelling currents.
The productivity and diversity of fish within the Passamaquoddy Bay
region was truly magnificent, fitting the description of a Garden
of Eden. Nature provided everything the Passamaquoddy people needed
to thrive. In this environment we developed a vibrant Indigenous
Economy.
The Pleasant Point peninsula (Sipayik) is a
traditional seasonal fishing village to the Passamaquoddy. Because
of its unique location at the confluence of the Passamaquoddy and
Cobscook Bays it was (and remains today) the unique location
providing safe harbor, quick access to inland and ocean waterways,
and access to abundant marine resources for sustenance such as
shell fish, marine mammals and other fish, etc. For millennia the
Passamaquoddy way-of-life was to hunt, fish, trap and gather food
and medicine and to employ the natural resources of the environment
to sustain our communities. Over the past 400 years the
encroachment and degradation of the resources in our
homeland forced Passamaquoddies to adapt, forcing a shift away from
our traditional indigenous economy. We had to find alternative ways
to survive and to feed our families.
Today there are over 3,000 Passamaquoddy tribal members. There
are three distinct self-governing Passamaquoddy communities within
the tribes ancestral homeland. Two communities are located in Maine
(Pleasant Point and Indian Township and the third is
located at St. Andrews New, Brunswick. Each community is
separated by geography but the people continue to maintain close
political, social and kinship ties.
Media
Contacts:DraftKingsmedia@draftKings.com@DraftKingsNews
DraftKings (NASDAQ:DKNG)
Historical Stock Chart
From Mar 2024 to Apr 2024
DraftKings (NASDAQ:DKNG)
Historical Stock Chart
From Apr 2023 to Apr 2024