NEW YORK, May 3, 2021 /PRNewswire/ — The number of states which are launching online betting businesses continues to grow as the legal infrastructure and public opinion have turned in favor of such services. For example, according to a report by Hartford Courant, a rewrite of gambling law in Connecticut, agreed to by Gov. Ned Lamont and the two tribal casinos, passed its first test in the General Assembly. The increasingly friendly attitude towards such services can be explained by their high demand and potential for tax revenue. For instance, online gambling and online sports betting brought in USD 42.7 Million in gross receipts during the first 10 days of legal play in Michigan, state regulators recently announced. FansUnite Entertainment Inc. (OTC: FUNFF) (CSE: FANS), Skillz Inc. (NYSE: SKLZ), International Game Technology PLC (NYSE: IGT), Alphabet Inc. (NASDAQ: GOOG), DraftKings Inc. (NASDAQ: DKNG)
To illustrate just how popular online sports betting is in states where the market can already operate, a report by the Chicago Sun-Times indicates that New Jersey gamblers set a nationwide record for the most money bet on sports in a single month, spending almost USD 668 Million in August on events including the resurgent baseball, basketball and hockey seasons that had been interrupted by the outbreak.
FansUnite Entertainment Inc. (OTCQB: FUNFF) (CSE: FANS) just announced breaking news, “that it has been shortlisted for the 2021 EGR North America Awards’ Full-Service Platform Provider and Sportsbook Platform Provider Awards.
Considered the gold standard in the industry, the EGR Awards recognize and reward the top suppliers and operators in the fast-growing North American online gaming market. The recipients of the EGR awards will be selected based on their achievements in advancing the gaming industry across various verticals.
In the ‘full-service platform provider’ category, FansUnite has been nominated as one of two finalists alongside GAN Limited, one of the largest U.S. iGaming solutions. In the ‘sportsbook platform provider’ category, the Company will be competing against prominent online gambling companies such as IGT PlaySports, Kambi and Scientific Games for the award.
‘Widely regarded as one of the premier gaming awards in North America, the EGR Awards celebrates the accomplishments of leading gaming companies in North America,’ said Scott Burton, CEO of FansUnite. ‘Given the growing demand for online gambling, our committed team remains focused on our vision of providing innovative B2B software while enabling growth across our entire ecosystem of assets. We are proud to see that our efforts are being recognized for the second straight year at the EGR Awards alongside well-established North American operators who are collectively improving, innovating, and leading the global gaming market.’
The full listing of companies…
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