Score Media and Gaming Inc. announced that it has secured market access to offer mobile sports betting in Illinois via an agreement with Caesars' Harrah’s Joliet Hotel & Casino.
The company anticipates launching its mobile sportsbook, theScore Bet, in Illinois in the second half of calendar 2021, subject to receiving all relevant licenses and approvals from the Illinois Gaming Board.
“Gaining market access to Illinois is a significant development that will bring our award-winning mobile sportsbook to one of the most populous states,” said John Levy, Chairman and CEO, theScore. “Caesars is a giant in the casino-entertainment industry and we’re thrilled to have reached this agreement to extend theScore Bet’s footprint into another key new market.”
Under the agreement, Caesars will receive a percentage of revenue derived from theScore Bet’s mobile sports betting operations in Illinois, subject to certain annual minimum guaranteed amounts. In addition, theScore will reimburse Caesars for certain costs and licensing fees. The agreement spans an initial term of 10 years, with a ten-year renewal term, exercisable at theScore’s option.
theScore Bet is live in four states —New Jersey, Colorado, Indiana and Iowa— and provides a cross-state experience for sports fans as it expands across the United States via a single mobile app with multi-state wallet functionality. The mobile sports betting offering includes a wide range of pre-game and in-play betting across all major sports leagues and events, and a comprehensive variety of bet types. theScore Bet is uniquely fused with theScore’s sports app to create a tightly integrated media and gaming ecosystem.