Historic former racetrack owners announce partnership with the world’s largest online sports betting company.
Raynham Park Sportsbook, which is set to open its doors in spring 2023, has partnered with online gaming giant Bet365 to begin offering mobile sports betting in Massachusetts.
“We are thrilled to partner with the world’s largest online sports betting company to offer this high-demand entertainment option to our customers,” Raynham Park founder, George Carney, said. “This partnership is the next step in the evolution of Raynham Park as we move toward the opening of our sportsbook, which will be one of the largest in the United States and set a new standard for destination gaming in Massachusetts.”
With annual revenues in excess of $4bn, Bet365 is the largest internet sports betting firm in the world. The company is expanding its operations globally and now has 85 million customers worldwide, with offices in Gibraltar, Malta, the UK and New Jersey.
Bet365 will seek to operate via a tethered Category 3 online gaming licence in Massachusetts. It recently went live in Colorado and will soon offer its product in Ohio and Virginia, in addition to Massachusetts. Founded by the Coates family in 2000, the fast-growing, family-owned company is licensed in over 20 jurisdictions and will continue to roll out across the US in 2023.
A Bet365 spokesperson said: “Bet365 is thrilled to partner with Raynham Park ahead of launching in Massachusetts in 2023. With so many legendary sports franchises and dedicated fans based in the state, this was a natural fit for us as we continue our US expansion.
“We’re excited to work with the Carney family and look forward to delivering an unrivalled sports betting product to sports fans across the Bay State.”