DraftKings Named as Boston Red Sox Official and Exclusive Daily Fantasy Sports Partner

Large Picture of Baseball With a Baseball Field Background
Boston-based DraftKings has entered into an agreement to become the official and exclusive daily fantasy sports partner of the Boston Red Sox.

Said Ezra Kucharz, the chief business officer of DraftKings in a statement:

“We are thrilled to team up with a historic franchise like the Red Sox and bring DraftKings closer to this passionate fanbase, which is even more special given our hometown Boston roots. As a Boston-born company, we are well-acquainted with the devotion of Boston sports fans, and we believe the engagement possibilities of this integration are only just beginning.”

The Red Sox is the latest deal that DraftKings has entered into in the area. Previously, it signed similar pacts with the New England Patriots and Boston Celtics.

In-Stadium Branding

The in-stadium branding privileges of the deal include the DraftKings logo will be displayed throughout Fenway Park, in addition to it current signage above the iconic Green Monster. DraftKings will also have field level home plate signages and LED branding along the first and third baseline for one inning at every regular season home game.

Aside from those, DraftKings will be promoted as the official daily fantasy partner of the Red Sox Foundation through emails, social media posts, and the Red Sox Foundation. To further its CSR efforts, DraftKings will also have title sponsorship to to the 50-50 raffle for all home games. This includes branding on raffle sales team paddleboards, raffle tickets, and email blasts.

Massachusetts Sports Betting Closer to Being Legalized

The announcement of the deal comes one week after the Massachusetts House of Representatives voted 156-3 in favor of a bill that would legalize sports betting in the state. The bill was a comprehensive one, as it was the product of 19 different gambling bills from at least a dozen lawmakers. Before it got the nod last week, a total of 13 amendments were added to H 3974.

With the approval of H 3974 in the Massachusetts House, the bill is now headed to the Upper Chamber and from the Senate, it is hoped that it will smoothly sail to the desk of Gov. Charlie Baker, who is one of the leading proponents for the Massachusetts sports betting bill.

Massachusetts House to Debate Sports Betting Bill on Thursday

Two Laptops Showing Sports in Front of a Pile of Money

The Massachusetts House is getting ready for a debate on the legislation that would legalize sports betting in the state.

According to a memo sent by the office of House Speaker Ronald Mariano to the House of Representatives, legislators were told to prepare for a debate at Thursday’s formal session on the revised version of Rep. Dan Cahill’s sports betting bill.

Cahill’s bill was redrafted by the Committee on Economic Development and Emerging Technologies and favorably reported out by the committee over the weekend. It could still be edited by the House Ways and Means Committee before it hits the debating floor on Thursday.

In-Person and Mobile Sports Betting

Under the 38-page bill reported by the committee, legal sports betting in Massachusetts would be regulated by the Massachusetts Gaming Commission with casinos, slot parlors, simulcasting facilities, and horse racing tracks in the state allowed to apply for licenses to accept in-person sports wagering.

Operators will be allowed between one to three mobile sports betting platforms. Those who wish to offer mobile-only sports betting are also welcome to apply for licenses and all bettors must be at least 21 years old and physically present in Massachusetts to make place a legal bet.

Entities who wish to apply for a sports betting license will be required to pay an application fee of $100,000. Approved applicants will pay an initial $5M in initial fee for the license and another $5M to renew after five years. The first time fee will be reduced to $4M for companies which paid $1M for a temporary license to start taking bets while their request is pending with the commission.

Details of Massachusetts Sports Betting Bill

Bets on professional and collegiate sports contests would be allowed. However, wagers on the individual performances of college sports athletes are not permitted. The provision to allow bets on college sports has been a recurring theme in the three years that lawmakers have been discussing sports betting.

Although fantasy sports isn’t covered by the legislation, it also permits legal bets on motor race events, e-sports, competitive video games, and any other sporting event that is approved by the Massachusetts Gaming Commission.

Mobile bets will be charged 15% under the bill while in-person wagers will be taxed at 12.5%. An additional 1% tax would be levied for bets made on events in Massachusetts and this additional fee will be distributed proportionately between the facilities that hosted the said events to be utilized for “sports wagering security and integrity.”