Caesars to enter Massachusetts with Raynham Park retail sportsbook
Newly licensed operator to open 30,000 sq ft site with online launch set for March
Caesars Entertainment has confirmed plans to offer in-person sports betting in Massachusetts through the development of a 30,000 sq ft retail sportsbook in the Bay State.
The development forms part of the casino and sportsbook operator’s partnership with the Raynham Park racetrack, plans which will see the sportsbook become one of the largest free-standing racing and sports betting facilities in the US.
A temporary sportsbook will be opened inside the current simulcasting facility, with the new permanent building expected to be completed by the middle of 2023.
The plans are however contingent on the duo first receiving approval from the Massachusetts Gaming Commission (MGC).
Caesars Digital president Eric Hession expressed his high expectations for the retail sportsbook, praising his opposite number, Raynham Park owner Chris Carney.
“Raynham Park is in an excellent location in southeast Massachusetts and will be one of just a few retail sports betting locations in the Commonwealth,” Hession said.
“It’s great to partner with the Carney family, which has a long history in the community and an exciting vision for a tremendous sports entertainment and pari-mutuel simulcasting facility.
“We look forward to showcasing the Caesars commitment to world-class experiences through this partnership,” he added.
In-person sports betting is expected to go live in Massachusetts later this month, with online sportsbooks allowed to operate in the state from March.
Caesars is licensed for both retail and online gambling in Massachusetts under a category 1 license tethered to Raynham Park.
The operator has confirmed plans to offer an online sportsbook in the state as soon as regulatory circumstances allow.
Elsewhere, Caesars has confirmed the pricing of its previously announced offering of Senior Secured Notes, which are due for repayment in 2030 at an interest rate of 7.00% per annum and an issue price equal to 100% of the principal amount of the Notes.
The offering is expected to close on or about February 6, 2023, and is subject to customary closing conditions.