Twin River partners with DraftKings and FanDuel

Twin River Worldwide Holdings announced Monday separate market access partnerships with DraftKings and FanDuel, giving sports fans in Colorado access to award-winning sportsbook products.

These partnerships combine Twin River Worldwide Holdings' nationwide experience in gaming and casino operations with market-leading sports betting expertise and globally recognizable brands. Colorado is the fifth state in the United States where the FanDuel Sportsbook platform will be available and is the sixth state to offer the DraftKings' Sportsbook platform.

As previously announced, Twin River Worldwide Holdings has completed the acquisition of Golden Gates, Golden Gulch and Mardi Gras casinos in Black Hawk, Colorado. With the completion of this acquisition, Twin River also acquired the right to three sports gaming licenses in Colorado, leading to the creation of these two partnerships. Twin River will retain the third license for its own future use.

"Obtaining the right to three sports gaming licenses in Colorado will expand our footprint in the state well beyond our Arapahoe Park racetrack and off-track betting network," said George Papanier, President and Chief Executive Officer of Twin River. "These newly-formed partnerships with DraftKings and FanDuel allow us to provide unmatched sports betting experience to Colorado, not only with their mobile betting access but also with an exciting DraftKings retail sportsbook location inside one of our newly acquired casinos."

DraftKings’ partnership

The DraftKings Sportsbook mobile app is currently available in Indiana, New Jersey, New Hampshire, Pennsylvania and West Virginia.

"Coast to coast, DraftKings is committed to providing states across the country with the ultimate experience in legal sports betting," said Ezra Kucharz, DraftKings chief business officer. "Twin River holds a mutual pledge to providing exciting, real-time gaming opportunities, and we look forward to working alongside them to introduce Colorado sports fans to our award-winning product."

As well as mobile and online Sportsbook access, the partnership will also allow Colorado sports fans to place sports bets via a retail betting operation, at Mardi Gras Casino in Black Hawk, CO. Colorado will become the fifth state where DraftKings operates a retail location, joining, Iowa, Mississippi, New Jersey and New York, subject to adoption of applicable regulations and both parties securing necessary gaming licenses.

FanDuel Group’s partnership

Colorado is the fifth state in the United States where the FanDuel Sportsbook online and mobile platform will be available.

"Twin River has been engaged in sports betting since the beginning in Rhode Island and Mississippi, and they are an ideal partner as we continue to enter states that open up online and mobile sports betting," said Matt King, CEO, FanDuel Group. "Colorado has a sensible framework for sports betting, and we are excited to partner with a renowned gaming company like Twin River to bring our market-leading online sports betting experience to Colorado sports fans."

The FanDuel Sportsbook online and app experience offers betting options such as point spreads, moneylines, over/under, parlays, teasers, prop bets, round robins and an extensive list of live in-game wagers. FanDuel is powered by its proprietary risk and trading technology.