WynnBET Secures Market Access in Louisiana

Rhea-AI Summary

WynnBET, part of Wynn Resorts, has announced it has secured market access in Louisiana, expanding its footprint to 17 jurisdictions. This includes states such as Arizona, New Jersey, and Michigan, collectively representing about 46% of the U.S. population. WynnBET is in negotiations for access in an additional seven states, potentially increasing coverage to 77% of the U.S. adult population. The company emphasizes that access is subject to regulatory approvals.

Positive

• Acquisition of market access in Louisiana expands WynnBET's presence to 17 states.
• WynnBET now covers approximately 46% of the U.S. population.

Negative

• None.

LAS VEGAS, Sept. 30, 2021 /PRNewswire/ -- WynnBET, the premier online sports betting and casino ("iGaming") app from the global leader in luxury hospitality, Wynn Resorts, announced on Thursday it has obtained market access in Louisiana. Louisiana represents the 17th jurisdiction in a rapidly growing footprint of states in which WynnBET has secured varying degrees of market access.

WynnBET is currently available in Arizona, Colorado, Indiana, Michigan, New Jersey, Tennessee and Virginia. In addition, WynnBET currently has varying degrees of market access to 17* states covering approximately 46% of the U.S. population and is in negotiations to obtain access in seven additional states, which would result in WynnBET's footprint covering approximately 77% of the U.S. adult population.

* - The online sports betting and iGaming industry's legislative and regulatory landscape is rapidly evolving and WynnBET's access is subject to change as a result. WynnBET has market access agreements or opportunities which will become effective if legalized and regulatory requirements, licensee eligibility, and suitability standards are met. Such market access and licensure are subject to legalization and required approvals by regulatory authorities in each jurisdiction.

For more information, please visit www.WynnBET.com.

About Wynn Interactive
Wynn Interactive is the online gaming division of Wynn Resorts, Ltd. (Nasdaq: WYNN) offering a world-class collection of casino and sports betting mobile options for discerning players who understand the difference between placing a bet and experiencing a bet. Wynn Interactive products, which operate under the WynnBET, WynnSLOTS, and BetBull brands, are designed to digitally deliver the legendary service and guest experience Wynn Resorts is known for, backed by the Company's trusted legacy as the world's premier international casino operator.

WynnBET is anchored by its eponymous mobile sports and casino betting app providing one-of-a-kind experiences, unique social betting mechanics, and a high-quality user interface. Currently available in Arizona, Colorado, Indiana, Michigan, New Jersey, Tennessee and Virginia, WynnBET is poised for rapid expansion with several pending license applications in process. WynnBET is an Approved Sportsbook Operator of the NFL, an Authorized Gaming Operator of NASCAR, MLB and NBA, and proud marketing partner of several NFL, NBA and MLB teams. For more information, visit www.wynninteractive.com or www.WynnBET.com.

Media Contact: 
Seth Medvin, WynnBET
702-770-7832
seth.medvin@wynnbet.com

Investor Relations:
Vincent Zahn, Wynn Resorts
(702) 770-7555
investorrelations@wynnresorts.com

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SOURCE WynnBET

FAQ

What states does WynnBET operate in as of September 2021?

WynnBET operates in Arizona, Colorado, Indiana, Michigan, New Jersey, Tennessee, and Virginia.

How many states is WynnBET negotiating for market access?

WynnBET is negotiating for market access in seven additional states.

What percentage of the U.S. population does WynnBET currently cover?

WynnBET currently covers approximately 46% of the U.S. population.

What is the significance of WynnBET's market access in Louisiana?

Securing market access in Louisiana is a significant expansion for WynnBET, allowing it to operate in 17 jurisdictions.