Sportradar Awarded Sports Betting Provider Licenses in Connecticut and West Virginia

Rhea-AI Summary

Sportradar Group AG (NASDAQ: SRAD) has obtained an Online Gaming Service Provider license in Connecticut and renewed its Sports Wagering Supplier license in West Virginia. With a total of 20 licenses in the US, Sportradar aims to enhance the integrity and accuracy of sports data for state-run betting agencies. CEO Arne Rees stated that these licenses reflect the company's commitment to high-quality services and ethical standards as the sports betting market expands in the US. Connecticut recently launched online betting in October 2021, marking its entry into the sports wagering landscape.

Positive

• Acquired Online Gaming Service Provider license in Connecticut, expanding market presence.
• Renewed Sports Wagering Supplier license in West Virginia, maintaining operational continuity.
• Holding a total of 20 licenses enhances credibility and market reach in the US.

Negative

• None.

Leading sports data provider awarded Connecticut Online Gaming Service Provider License and extension of West Virginia Sports Wagering Supplier License

NEW YORK, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or “the Company”), the leading global sports technology company creating immersive experiences for sports fans and bettors, via its US betting subsidiary, Sportradar Solutions LLC, today announced that it has received an Online Gaming Service Provider license in Connecticut and renewed its Sports Wagering Supplier license in West Virginia.

As a holder of 20 licenses at the state and tribal levels in the US, Sportradar provides its data and services to a wide range of clients operating within these jurisdictions, as well as ensures transparency, integrity and the most accurate sports data to state-run sports betting and gaming agencies.

Arne Rees, Sportradar US CEO said: “Sportradar is committed to providing our clients the highest quality sports data and services. As sports betting legalization accelerates in the US, strong and transparent data will help govern the growing industry expansion in a sustainable and ethical manner. These licenses underscore Sportradar’s commitment to the US market, our leadership in integrity and the value of our products and services.”

Both Connecticut and West Virginia have passed legislation allowing bettors to place wagers in retail locations and through online sportsbooks. West Virginia officially launched sports betting in August of 2018. Connecticut is one of the most recent states to approve sports betting and officially launched retail and online betting in October 2021.

To Learn more about Sportradar, please visit: https://sportradar.us/.

About Sportradar
Sportradar is the leading global sports technology company creating immersive experiences for sports fans and bettors. Established in 2001, the company is well-positioned at the intersection of the sports, media and betting industries, providing sports federations, news media, consumer platforms and sports betting operators with a range of solutions to help grow their business. Sportradar employs more than 2,300 full time employees across 19 countries around the world. It is our commitment to excellent service, quality and reliability that makes us the trusted partner of more than 1,600 customers in over 120 countries and an official partner of the NBA, NHL, MLB, NASCAR, UEFA, FIFA, ICC, and ITF. We cover more than 750,000 events annually across 83 sports. With deep industry relationships, Sportradar is not just redefining the sports fan experience; it also safeguards the sports themselves through its Integrity Services division and advocacy for an integrity-driven environment for all involved.   
www.sportradar.com

Source: Sportradar Group AG

Press Contact:
Sportradar
Sandra Lee
comms@sportradar.com

Investor Relations Contacts:
Ankit Hira or Ed Yuen
Solebury Trout for Sportradar
investor.relations@sportradar.com

FAQ

What recent licenses did Sportradar Group AG obtain?

Sportradar received an Online Gaming Service Provider license in Connecticut and renewed its Sports Wagering Supplier license in West Virginia.

Why is the licensing significant for Sportradar (NASDAQ: SRAD)?

The licenses underscore Sportradar's commitment to the US market and its leadership in ensuring integrity in sports data.

When did Connecticut launch online sports betting?

Connecticut officially launched retail and online betting in October 2021.

How many licenses does Sportradar currently hold in the US?

Sportradar holds a total of 20 licenses across various states in the US.