IGT and FanDuel Group Strike Multi-Year Sports Betting and iGaming Agreement for Entire U.S. Market
International Game Technology (NYSE: IGT) has entered a multi-year agreement with FanDuel Group to enhance its presence in the U.S. sports betting market. IGT's PlaySports platform will support FanDuel Sportsbooks nationwide through September 2024, while PlayDigital's casino games will be available in states where FanDuel operates online casinos. This partnership builds on existing collaborations, expanding FanDuel's offerings and leveraging IGT's technology for an enhanced customer experience. The agreement aims to propel both companies' growth in the expanding U.S. gaming landscape.
- Multi-year agreement with FanDuel enhances IGT's presence in the U.S. sports betting market.
- IGT's PlaySports platform will power all FanDuel retail sportsbooks through September 2024.
- Agreement expands distribution of IGT PlayDigital's casino games in states where FanDuel operates.
- None.
LONDON, Aug. 3, 2020 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) today announced that it will boost its momentum in the growing U.S. sports betting market through a multi-year agreement with leading sports betting and iGaming provider, FanDuel Group. Under the terms of the agreement, IGT's PlaySports platform will power all of FanDuel Group's new and existing retail FanDuel Sportsbooks across the U.S. through September 2024. Additionally, FanDuel Group agreed to offer IGT PlayDigital's PlayCasino games in states where FanDuel Group online casinos operate.
The multi-year agreement builds on IGT and FanDuel Group's successful technology partnership that currently extends across nine U.S. states and includes the FanDuel Sportsbook at Meadowlands Racing and Entertainment in East Rutherford, N.J. — the country's highest-volume sportsbook. The agreement also expands the distribution of IGT PlayDigital's PlayCasino games that span slots, blackjack, roulette and more. FanDuel Group is currently leveraging top-performing IGT PlayCasino games such as Wheel of Fortune® Triple Extreme Spin, Triple Red Hot 7s Free Games, and Red Hot Tamales!® within its mobile wagering apps and websites in New Jersey and Pennsylvania.
"IGT's PlaySports platform has been integral to FanDuel Sportsbook's expansion in the U.S., as we currently leverage it to power America's #1 Sportsbook," said Matt King, FanDuel Group CEO. "IGT is the strategic partner that we will lean on to help us expand our retail footprint across the U.S. IGT's PlaySports platform enables us to create an intuitive, technologically driven customer experience at our world-class retail sportsbooks for our customers, while its PlayCasino content enables FanDuel to deliver premium mobile casino entertainment in new and existing markets."
"IGT's multi-faceted, multi-year PlaySports platform technology and iGaming content agreement with FanDuel Group pairs the leading content and B2B sports betting provider with one of America's most respected sports betting operators to propel an already winning partnership to new levels and create an abundance of opportunity for both parties," said Enrico Drago, IGT PlayDigital Senior Vice President. "IGT and FanDuel Group are positioned for continued success in the U.S. and we are committed to fueling FanDuel Sportsbooks' sustained growth through our proven, market-ready platform, player-preferred game content and self-service betting technologies."
Since 2018, IGT and FanDuel Group have together achieved a range of significant performance milestones such as:
- Launching FanDuel Retail Sportsbooks in eight U.S. states, including New Jersey, New York, Pennsylvania, West Virginia, Iowa, Indiana, Michigan, and Mississippi.
- Launching online sportsbooks in five U.S. states, including New Jersey, Pennsylvania, West Virginia, Indiana and Colorado.
- Operating the largest volume retail sportsbook in the U.S. at Meadowlands Racing and Entertainment in East Rutherford, N.J.
- Deploying more than 200 IGT PlaySports self-service kiosks at FanDuel Sportsbooks across the U.S.
- Leveraging high-performing PlayCasino slot and table games to fuel FanDuel's mobile leadership in New Jersey and Pennsylvania and drive strategic growth across the entire mobile segment.
For more information, go to Facebook at facebook.com/IGT, follow us on Twitter at twitter.com/IGTnews, or watch IGT videos on YouTube at youtube.com/igt. To learn why winners choose IGT PlaySports, visit IGT.com.
About IGT
IGT (NYSE:IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 12,000 employees. For more information, please visit www.igt.com.
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