International gaming giant IGT announced that it is providing the sports betting functionality for FanDuel Sportsbook in New Jersey.
What we know about IGT and FanDuel
The deal only covers the NJ sports betting market and does not mention other states that FanDuel intends to serve — including West Virginia and New York.
“We are delighted to choose IGT’s leading platform for our sports betting platform in New Jersey, starting with the recent ‘go live’ at the Meadowlands Racetrack,” said Matt King, FanDuel Group CEO, in a press release. “When we evaluated sports betting platform provider partners in the U.S., IGT was the ideal choice, based on the Company’s proven history in the space and the quality, reliability and flexibility of the sports betting technology that it has deployed for customers around the world.”
Paddy Power Betfair recently acquired FanDuel and then renamed its US-facing business after the daily fantasy sports operator.
“IGT’s sports betting technology combined with the expertise of FanDuel represents two experienced, complementary sports betting companies coming together to create a reliable, world-class sports betting experience in New Jersey,”said Enrico Drago, IGT Senior Vice President Interactive, Sports Betting, Licenses. “As sports betting in the U.S. continues to evolve, IGT is prepared to address the needs of its partners through proven solutions and technologies that can be deployed today to advance sports betting across land-based and mobile platforms.”
What IGT will do
More from IGT’s press release:
FanDuel will leverage Paddy Power Betfair’s leading pricing, trading and risk management capabilities, which have been integrated into the IGT platform, along with a bespoke user interface to offer a best-in-class consumer experience. The joint solution operates under the widely known FanDuel brand as FanDuel Sportsbook.
FanDuel will initially operate at Meadowlands Racetrack in East Rutherford, N.J., enabling guests to place sports bets over the counter via IGT technology. The offering will be expanded over the coming months to include self-service kiosks and other retail services, as well as FanDuel Sportsbook-branded online and mobile wagering, also using the IGT technology.
When FanDuel Sportsbook eventually launches online, IGT/FanDuel sports will be integrated into the GAN iGaming platform. GAN already provides the platform for Betfair NJ online casino.
IGT already in the US
IGT now has a good foothold in the US market, with the addition of this deal:
- IGT also is the platform for MGM Resorts for Nevada sports betting.
- It also powers the sportsbook for the Borgata — also owned by MGM — in Atlantic City.
- It will provide the platform for Rhode Island sports betting, provided via a contract with the state lottery.