Draftkings Sportsbook Oregon
DraftKings will officially move to its own platform and likely end its relationship with Kambi by the end of Q3 in 2021, according to press releases from the companies.
DraftKings moving on from Kambi … sometime
Kambi has agreed to help with the transition of the DraftKings platform to SBTech‘s software by Sept. 30, 2021, although the migration could happen sooner than that, according to DraftKings.
Draftkings Sportsbook Illinois
A Kambi version of the press release said the relationship would “end no earlier than 30 September 2021,” making it sound like there is a chance the deal could be extended. Legal Sports Report has reached out to the companies for clarification.
Oregon sports betting is available via a lottery app as of October 2019. That is the only way to wager on sports in the state. There is only one sports betting app in Oregon in 2019. The Oregon Lottery contracted with European firm SBTech to provide the sports betting platform for the state. .Reward tiers are as follows: $3, $10, $100 and $500 are awarded as site credits and can only be used on DraftKings. $1,000, $10,000 & $25,000 are issued.
Kambi will continue to receive the same level of revenue share payments from DraftKings through the end of September 2021. That will not change no matter when DraftKings completes its migration to SBTech, according to Kambi.
Kambi said in its release that the companies will “mutually support and cooperate” on the migration.
Enter SBTech
The process of migrating to a new platform is likely not a painless one for DraftKings.
DraftKings and SBTech merged as part of a reverse merger that took place earlier this year that saw the companies combine and go public. The new company has pushed the narrative that owning its own tech stack will help set it apart from competitors in the US space.
More from DraftKings and Kambi
“Kambi has been a collaborative partner and was instrumental in DraftKings being first to market in New Jersey with our sportsbook,” Paul Liberman, DraftKings president of global technology and product, said via a press release. “We appreciate the efforts they have made, and will continue to make, in helping to ensure a smooth migration for us as we move on to our own platform.”
“Since partnering in June 2018, the Kambi-DraftKings relationship has proven to be highly rewarding for both parties, delivering first-class sports betting experiences to players across more states than any other sportsbook, and establishing Kambi and DraftKings as true leaders in their respective fields,” Kambi CEO Kristian Nylén said in a release:
The agreement we’ve announced today works to secure a strong revenue stream for Kambi for the next 15 months, while our growing and exciting portfolio of partners leaves me with no doubt that Kambi is well placed to extend its leadership position over the months and years to come.”
BOSTON, Jan. 19, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced the upcoming launch of its mobile Sportsbook and Casino app for January 22nd. Fans in the Great Lakes State can soon place bets on their favorite leagues and teams through America’s top-rated sportsbook app as well as play a variety of iGaming options such as blackjack, roulette and slots. The launch of DraftKings Sportsbook in Michigan follows an expansive year during which DraftKings broadened its national sportsbook product footprint to include Colorado, Illinois, Iowa and Tennessee. Upon successful launch on Friday, the company will be live with mobile sports betting in 11 states, which is more than any other company in the industry.
“Foremost, we would like to thank Bay Mills for their tremendous support in bringing DraftKings to the great state of Michigan,” said Jason Robins, DraftKings co-founder, chairman and CEO. “We are confident that our mutual commitment to product innovation and customer experience will serve as a solid foundation as we soon introduce Michiganders to the signature DraftKings experience.”
The historic Bay Mills Resort & Casino is the state’s longest-operating gaming facility and has been instrumental in providing access to DraftKings’ online sportsbook and casino to the state of Michigan.
“We look forward to officially launching our partnership with DraftKings and bringing a new aspect of gaming entertainment to our fellow Michiganders,” said Bryan Newland, Indian Community Chairman, Bay Mills. “Online gaming and sports betting will help our tribe and our casino move solidly into the future.”
In addition to DraftKings’ wide array of traditional and unique betting opportunities, customers in Michigan can expect several promotions, including those related to the four professional sports teams and a number of Division I collegiate football and basketball programs. As DraftKings is now an official sports betting and casino partner of the Detroit Pistons, customers can play team-specific, free-to-pay pools, odds boosts and more.
To celebrate the eventual launch, DraftKings is offering new customers in Michigan two Double Your Money opportunities including:
- Friday, January 22: Double your money on the Detroit Pistons to score a 3-point shot
- Friday, January 22 – Sunday, January 24: Double your money on any NFL team to score a Conference Championship touchdown
DraftKings Casino features a wide variety of games within its library, including 17 blackjack, six roulette and three Baccarat exclusive offerings that will all become available to Michigan customers alongside DraftKings Sportsbook.
DraftKings Sportsbook, DraftKings Casino and the DraftKings daily fantasy products are available via iOS and Android here.
About DraftKings
DraftKings Inc. (Nasdaq: DKNG) is a digital sports entertainment and gaming company created to fuel the competitive spirits 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 is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators across more than 15 regulated U.S. and global markets, including Arkansas and Oregon in the U.S. DraftKings’ Sportsbook offers mobile and retail betting for major U.S. and international sports and operates in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Mississippi, New Hampshire, New Jersey, New York, Pennsylvania, Tennessee and West Virginia. DraftKings’ daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL, MLB and the PGA TOUR as well as an authorized gaming operator of the NBA and MLB and an official betting operator of the PGA TOUR.
About Bay Mills
Bay Mills Resort & Casino is an enterprise of the Bay Mills Indian Community and is the longest operating casino in Michigan. Located in Brimley Michigan, Bay Mills is an exciting entertainment destination along the shoreline of Lake Superior. With a wide assortment of slots and table games, bars and restaurants, a scenic 18-hole golf course, and a 143-room hotel, Bay Mills is the perfect gateway to adventure in the Upper Peninsula. For more information visit us online at BayMillsCasinos.com.
Forward-Looking Statements
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, as amended. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ Securities and Exchange Commission filings. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Media Contact
media@draftkings.com
@draftkingsnews