Oddin.gg secures sports betting license in West Virginia
The company now has a presence in four different jurisdictions in North America.
Esports betting supplier Oddin.gg has further expanded its presence in North America by securing a temporary sports betting license from the West Virginia Lottery Commission.
This license will allow the company to offer both online and retail betting in the Mountain State, as it looks to expand its reach for users.
In order to obtain the license, there is a licensing process, which includes stringent checks on financial stability, operational integrity and compliance with state laws, carried out by the commission.
With this latest development, Oddin.gg now has a betting license in four jurisdictions in North America, including New Jersey, Colorado, Ontario and now West Virginia.
Oddin.gg Co-Founder and CEO Vlastimil Venclik said, “We are thrilled to achieve yet another important milestone for Oddin.gg. Acquiring the West Virginia license strengthens our position in the US market.
“Combined with new US-based operators becoming our clients, this license marks another significant step in our North American expansion strategy. The work doesn’t stop here; we are actively working on acquiring further US licenses to support both existing clients and future prospects.
“The esports betting volume is approximately $80bn with $5.5bn revenue at app. 7 % margin. We offer US betting companies a partnership that will allow them to surge opportunities in the booming segment.
“The new generation of bettors, the fans of competitive gaming, are constantly on a lookout for a solution that will bring them more markets, more live opportunities, higher engagement, simply said, more fun. In reward, they offer loyalty and high ARPU to operators that demonstrate understanding and passion for esports. Oddin.gg has both.”
In other sports betting news, Super Bowl champion Bill Belichick is set to host and co-produce a brand-new Underdog Fantasy show centered around NFL.
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