The announcement of the deal between the three tribes is the first of its kind since the legislation was passed. The Passamaquoddy have yet to announce any partnerships.
Maine sports betting laws allow for each tribe to partner with one provider. This means that Caesars have now taken three of the possible four skins available in the state.
Speaking of the deal, Penobscots Chief Kirk E. Francis said:
Caesars Becomes First Online Sports Betting Operator to Sign Deal with Maine Tribes“After nearly a year of work, I am happy to report that Penobscot Nation, along with the Maliseet and Micmac Nations, has entered into a partnership with Caesars to conduct online sports betting. We are now waiting for Maine’s gambling control board to finalize the regulations for online sports betting and determine the date at which we will go live.”
Caesars Becomes First Online Sports Betting Operator to Sign Deal with Maine Tribes Caesars Becomes First Online Sports Betting Operator to Sign Deal with Maine Tribes“Caesars has extensive experience, knowledge and a reputation of excellence in partnering with other tribes across the country. Our agreement with Caesars provides that the Tribes will receive annual mandatory minimum payments once we begin operations. The tribes will receive much more than these minimum payments if the market performs as expected. We will get a better sense of these revenue numbers as the industry develops in Maine.”
In an interview with Caesars Becomes First Online Sports Betting Operator to Sign Deal with Maine TribesExecutive Director of Maine Gambling Control Unit (MGCU) Milton Champion said of the potential industry launch:
“Since the Governor signed the bill back in May of 2022, I’ve been saying all along, somewhere between April, 2023 and January, 2024.
Caesars Becomes First Online Sports Betting Operator to Sign Deal with Maine Tribes
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.