As part of the agreement, DraftKings will have hospitality suites at both tournaments, named the ‘DraftKings House.’
The suite will be located alongside the 18th green at the World Golf Championships-FedEx St. Jude Invitational, featuring an open-air patio.
Meanwhile, the DraftKings House at The Northern Trust will be located between the 15th green and 16th fairway.
Both suites will be open to the public; there will also be televisions, phone chargers and complimentary Wi-Fi available to visitors.
To gain access to the suites, fans can purchase a daily grounds ticket to the event, which starts at $30 for Wednesday, $60 for Thursday and Friday, and $70 to attend at the weekend.
DraftKings Executive Director, Darrell Smith, said: “When the State of Tennessee legalised sports betting in the state last November, it opened the door for a number of new business opportunities in the sports industry.
“With the existing relationship between DraftKings and the PGA Tour, integrating them into the Memphis market at the WGC-FedEx St. Jude Invitational was an easy decision. We’re excited to be one of the first PGA Tour events to offer a public venue setting in this category.
“This sponsorship adds another on-site experience that caters to a variety of fans and we look forward to debuting it as we welcome the world’s best golfers return back to Memphis.”
Ezra Kucharz, DraftKings Chief Business Officer, added: “DraftKings is proud to evolve and expand our presence into the golf space by continuing to build upon the existing relationship with the PGA Tour.
“We look forward to providing fans an unapparelled experience at Liberty National and TPC Southwind.”