As of April, rumors suggested that no major operators had sought access to Maine’s small but developing market. Caesars put an end to those talks with its recent actions as the first national operator to seek and receive approval.
“As part of Caesars Entertainment’s longtime commitment to supporting Indian gaming, Caesars Sportsbook is proud to have signed a historic term sheet in Maine under which it will be the single mobile sports betting provider for three of the state’s tribes of the Wabanaki Nations: the Houlton Band of Maliseet Indians, the Mi’kmaq Nation, and the Penobscot Nation,” the company said in an email statement.
The Wabanaki Nation, composed of four smaller tribes, does not have the same level of sovereignty as tribes in other states and was granted control of the state’s gaming scene as an olive branch by Mills.
Current legislation mandates that the tribes and their partners pay a 10% tariff on gambling revenue and restrict patrons from betting on in-state colleges.
Each tribe is allowed to partner with one other provider. Caesars has the opportunity to diversify its platforms under the Caesars title, for example, how Flutter Entertainment has both FanDuel and FOX Bet.
“Caesars has extensive experience, knowledge, and a reputation of excellence in partnering with other tribes across the country,” said Penobscot Chief Kirk Francis. “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.”