LAS VEGAS – June 23, 2021 – Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) has bolstered its long-standing partnership with FanDuel Group, a Flutter Entertainment subsidiary, by going live with its sports betting technology in the top-performing states of Tennessee and Michigan.
The twin launch adds significant weight to a relationship between Scientific Games and Flutter Entertainment that spans 20 years, as well as strengthening both companies’ foothold in two key markets.
Tennessee formerly held the record as the quickest state to reach the landmark of generating $1 billion in GGR, hitting that figure inside six months following market liberalisation in November 2020. The same benchmark was then reached by Michigan after only four months of legalized sports betting in the Mitten State last month, according to market analysts.
FanDuel is now live with OpenSports technology in six states. Players in Colorado, Illinois, Indiana and West Virginia are already benefiting from the industry leading sports betting platform, with additional states planned for the remainder of the year. OpenSports has a proud history of repeatedly performing at the highest levels during the biggest sporting events across the globe. The 100% uptime experienced by operators during the biggest sporting events of the year in the U.S. this year sets the stage for further evidence of its resilience and scale through what promises to be a record-breaking sporting summer, with the European Championships, Olympics and start of the new NFL season on the horizon.
As well as powering FanDuel’s offering, OpenSports lies at the heart of Flutter Entertainment brands around the world, including market leaders like Betfair, Sky Bet and Paddy Power in Europe and Sportsbet in Australia.
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About Light & Wonder, Inc.
Light & Wonder, Inc. is the leading cross-platform global games company. Through our three unique, yet highly complementary businesses, we deliver unforgettable experiences by combining the exceptional talents of our 6,000+ member team, with a deep understanding of our customers and players. We create immersive content that forges lasting connections with players, wherever they choose to engage. At Light & Wonder, it’s all about the games. The Company is committed to the highest standards of integrity, from promoting player responsibility to implementing sustainable practices. To learn more, visit lnw.com.
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Forward-Looking Statements
In this press release, Light & Wonder makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results, or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in Light & Wonder’s filings with the Securities and Exchange Commission (the “SEC”), including its current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K that was filed with the SEC on February 27, 2024 (including under the headings "Forward-Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Light & Wonder’s ongoing obligations under the U.S. federal securities laws, Light & Wonder undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
Date: 06/23/2021
Category: SportsBetting
Type: Release