Casino operator in West Virginia will now be able to partners with International Game Technology (IGT) for sport betting ventures after the company was granted an interim license by the West Virginia Lottery Commission. With this approval, the casino operators will now be able to use IGT’s PlayShot integrated sports betting platform.
“Receiving approval from the West Virginia Lottery Commission to deploy IGT’s PlayShot sports betting solution throughout the State continues IGT’s momentum in pioneering sports betting across the U.S., and creates additional new market opportunities for IGT,” said Enrico Drago, IGT Senior Vice President PlayDigital. “This distinction acknowledges the reliability, security, and market-readiness of IGT’s PlayShot solution, and creates opportunities for IGT to further differentiate our sports betting solution in the marketplace.”
Sports betting in the United States has been subject to a number of pivotal changes that are expected to change the face of gambling in the country. Sports betting providers such as IGT are looking to take advantage of the new legal sports wagering market and by receiving the West Virginia license, the New York-listed IGT has made yet another important step towards achieving its goals.
The gaming technology specialist company already powers retail betting operations allowing customers to place a variety of pre-game and in-game bets over the counter at a number of locations in the country.
Rhode Island Is a Go
At about the same time that its license was granted in West Virginia, IGT announced that it and its commercial partners William Hill U.S. have been chosen by the Rhode Island Lottery to be the end-to-end sports betting service providers in the state. IGT will be responsible for providing the sports betting platform while the William Hill will be handling the risk management and sports betting operation services at Rhode Island’s licensed video lottery and table game facilities.
“We are pleased that Rhode Island is the first lottery to set up sports betting operations post-PASPA,” said Renato Ascoli, IGT CEO, North America. “IGT is a leading and proven supplier of sports betting technology in the U.S. The combination with William Hill, a leading sports betting operator in the U.S., uniquely positions us to provide the Rhode Island Lottery with a comprehensive, market-ready solution to maximize sports betting revenues and returns to good causes for the state of Rhode Island.”
The state is clearly moving fast to tap into the lucrative sports betting market that was opened up by the Supreme Court ruling that repealed PASPA in May. Once the offerings go live, the state will receive a 51 percent portion of the share with the vendor and the casinos getting 32 and 17 percent respectively. This is quite reasonable and will, therefore, have a positive impact on the industry in the long run.
“IGT is a world-class gaming technology company and we could not be more happy to partner with them to provide a world-class sports betting solution for the state of Rhode Island,” commented Joe Asher, CEO, William Hill U.S.