theScore Bet will operate an online casino in New Jersey, courtesy of a partnership with Twin River Worldwide Holdings, the parent company that has a deal to buy Bally’s Atlantic City. The 10 year agreement with theScore Bet parent Score Media and Gaming Inc., expects to kick in during the second half of 2021.
The time line depends on approval from the Division of Gaming Enforcement and completion of the Bally’s acquisition, according to CDC Gaming Reports.
“The addition of an online casino offering to our mobile sports betting platform broadens our reach and deepens our strong portfolio of assets,” said John Levy, Founder and CEO of theScore.
Under the terms, Twin River will receive a percentage of revenue from the online casino, with a minimum guaranteed, an upfront fee, and renewal fees if applicable. theScore Bet has a five year renewal option and a second five year option by mutual consent.
