DraftKings

Update from New England Council on region's response to COVID-19 crisis

Headquarters building of the Stop & Shop supermarket chain, in Quincy, Mass. The company is donating food to health-care workers.

Headquarters building of the Stop & Shop supermarket chain, in Quincy, Mass. The company is donating food to health-care workers.

Update from The New England Council (newenglandcouncil.com):

As our region and our nation continue to grapple with the Coronavirus Disease (COVID-19) pandemic, The New England Council is using our blog as a platform to highlight some of the incredible work our members have undertaken to respond to the outbreak.  Each day, we’ll post a round-up of updates on some of the initiatives underway among council members throughout the region.  We are also sharing these updates via our social media, and encourage our members to share with us any information on their efforts so that we can be sure to include them in these daily round-ups.

You can also check our COVID-19 Virtual Events Calendar for information on upcoming COVID-19 related programming – including Congressional town halls and webinars presented by NEC members.

Here is the April 2 roundup:

Medical Response

  • Northeastern University Models Used in White House Response to Virus – The White House coronavirus response team has been using models produced by the Network Science Institute (NSI) at Northeastern University to project how varying mitigation strategies could “flatten the curve” of COVID-19. The models allow policymakers and members of the response team to visualize the effects of policies being considered, such as specific travel restrictions and staggered school closings. Read more.

  • Boston Scientific Begins Work to Produce Ventilators, Protective Equipment – To confront the growing need for medical equipment, Boston Scientific is collaborating with public and private partners to bring necessary devices to market. From making more affordable and portable ventilators to producing face shields and reusable protective equipment, the company continues to use innovation to address some of the most pressing problems facing healthcare workers. Read more.

  • Abiomed Expands Remote Training for Medical Providers – Medical device manufacturer Abiomed is expanding its utilization of its online physician community to provide expanded physician education and training. The company has plans to launch its largest interactive educational site in its history in April. More information can be found here.

Economic/Business Continuity Response

  • Proctor & Gamble Increases Production During Crisis – In the wake of shortages of some of its most common products—including napkins, paper towels, and diapers—P&G has increased production of all paper goods at its factories. The company is also manufacturing face masks to help alleviate the increasing demand of protective equipment. USA Today has more.

  • M&T Bank Provides Hardship Assistance – M&T Bank has created an impact form for its clients to identify their need for a variety of assistance options, including late fee suppression and changes to loan payment plans. In addition to case-by-case measures, the bank is offering unsecured personal loans, suspending negative credit reporting, and more. More information can be found here.

Community Response

  • Stop & Shop Donates Daily Meals to Healthcare Workers, $500,000 for Research – Using its expansive food production and delivery network, Stop & Shop (owned by Ahold Delhaize) will provide 5,000 meals daily to health-care providers in the greater New York City and Boston areas. In addition to the daily meals, the grocer is providing $500,000 to Boston Children’s Hospital for research on a potential vaccine. Read the press release here.

  • DraftKings Announces New Charity Initiative, $500,000 Donation – DraftKings has created its own charity initiative, #DKRally, to mobilize sports fans to donate to relief efforts. In addition to an initial $500,000 donation, the betting service will match up to a total of $1 million from contributors. The donations to the initiative will be distributed to United Way to support relief efforts across the country. US Betting Report has more.

  • Holy Cross Student-Run Nonprofit Raises Over $23,000 for Response Fund – Working for Worcester, a student-run nonprofit founded at the College of the Holy Cross, has raised more than $23,000 for the Worcester Together COVID-19 emergency response fund. The money was raised in just five days as part of a blitz from the school’s alumni and students. The Worcester Together fund provides money for immediate needs and to support local community organizations. The Worcester Business Journal

Stay tuned for more updates each day, and follow us on Twitter for more frequent updates on how Council members are contributing to the response to this global health crisis.

Tax-hating New Hampshire bets on more betting

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Regarding New Hampshire, whose lottery, started in the 1960s, launched America’s ever-growing state-sponsored gambling sector. The Granite State will do everything it can to avoid imposing broad-based taxes. “Live Free and Bet!”

From The New England Council (newenglandcouncil.com ):

“New Hampshire state officials have approved a contract with  DraftKings allowing the company to provide sport betting within the state. Based in Boston, DraftKings is a sports-tech and media entertainment platform with daily fantasy sports contests and sports betting.

“Gov. Chris Sununu signed a bill in July 2019 authorizing sports betting in the state. DraftKings was selected through a competitive bidding process, offering the best financial package, a highly rated mobile sports app, and a fast implementation timeline. Under the contract, approved by the New Hampshire Executive Council in late November, the New Hampshire Lottery will receive 50 percent of gaming revenue from the sports betting sales. In effort to continue to work closely with the state lottery, DraftKings has plans to open an office in New Hampshire. The state’s launch of the mobile sports betting is expected to occur this month.

“‘We are partnering with a world-class company to provide a first-rate customer service experience,’ Governor Sununu said. ‘With today’s vote, everyone will now be able to bet on Tom Brady and the New England Patriots in time for this year’s Super Bowl.’

“‘Our best-in-class mobile sportsbook and several retail locations throughout the state are sure to be a hit with all types of customers as legalized sports betting continues to expand across the country,’ said Matt Kalish, DraftKings co-founder and chief revenue officer.’’