What you need to know

• The MGC awarded a temporary, one-year Category 3 Sports Wagering Operator License to Crown MA Gaming, LLC d/b/a DraftKings on February 23, 2023 after a competitive bidding process.
• DraftKings received its operations certificate on March 10, 2023 and opened its Massachusetts sportsbook to the public on the same day.
• Crown MA Gaming, LLC is undergoing a full suitability review by the MGC ahead of a Commission vote on awarding the entity a five-year Category 3 Sports Wagering Operator License.
• The sports wagering operator licensing fee for a 1-year license is $1 million. Category 3 Sports Wagering Licensees are taxed on 20% of gross sports wagering revenue.
• DraftKings’ Category 3 Sports Wagering Operator License is not tethered to any Category 1 of 2 Sports Wagering Operator License.

About the Gaming Establishment

Description from the Licensee:

DraftKings is the United States’ go-to “skin-in-the-game” product for sports fans, having invested hundreds of millions of dollars in marketing and the development of our leading technology platform. Since our founding in 2012, DraftKings has expanded to offer mobile sports betting in 18 U.S. states and the Canadian province of Ontario. The DraftKings brand has been a leader in the Daily Fantasy Spotys space for over a decade and has extended that position into mobile sports wagering since the first DraftKings Sportsbook launch in New Jersey in 2018. We are focused on building our brand through a top-rated product experience and an integrated marketing mix of advertising, social content, in-market events, and local team partnerships.

It’s simple, at DraftKings our mission is to make life more exciting by responsibly creating the world’s favorite games and betting experiences. We are relentlessly focused on building the best, most trusted, and most customer-centric destination for skin-in-the-game fans. With innovation at the forefront, DraftKings is continuously evolving its products and offers to forever transform the manner in which people experience sports.

DraftKings has strategic partnerships with some of the strongest sporting organizations in the country. 2021 saw the beginning of the DraftKings sponsorship of the NHL on Turner properties. As part of a multi-year deal, DraftKings integrates contextual data, odds, and offers into the Turner broadcast of NHL games. The 2022 NFL season marked DraftKings debut as a sponsor and exclusive pregame odds provider for Thursday Night Football on Amazon Prime Video.

Our customer’s experience is at the center of everything we do at DraftKings. To differentiate our platform from other operators we have been relentlessly focused on winning in three key areas: delivering amazing products, high-quality service levels, and continuously building a responsible and trusted brand. In addition to the focus on growing a strong brand, DraftKings has incorporated messaging around our Responsible Gaming tools and resources into our various marketing assets and channels.

To learn more about DraftKings, visit its website.

The Sportsbook

Quarterly reports

• 2023: Q2 | Q3 | Q4