Elys Game Technology, a prominent sports betting supplier, has achieved a significant milestone by obtaining licence approval in Ohio. The firm’s subsidiary, Elys Gameboard Technologies, has been granted a Type C sports gaming proprietor licence by the Ohio Casino Control Commission (OCCC). This approval marks a pivotal development for Elys Game Technology, positioning it as a key player in Ohio’s rapidly evolving sports betting landscape.
Licence Details:
The Type C sports gaming proprietor licence secured by Elys Gameboard Technologies is valid for a duration of five years, commencing on January 1, 2023. The licence approval follows a period of conditional approval granted in November, demonstrating the company’s commitment to meeting regulatory standards and requirements.
Adherence to Ohio Lottery Specifications:
Elys Game Technology has undertaken strategic efforts to align its technology platform with the specifications outlined by the Ohio Lottery. This proactive approach underscores the company’s dedication to ensuring seamless integration within Ohio’s gaming ecosystem. The partnership between Elys Game Technology and Wright Bet has facilitated the enrollment of over 100 host locations for the provision of land-based sportsbook services across the state.
Ohio’s Burgeoning Sports Betting Market:
The launch of legal sports wagering in Ohio on January 1 marked a pivotal moment for the state’s gaming industry. Esteemed brands such as FanDuel, BetMGM, DraftKings, Bet365, Tipico, Betr, and Prophet swiftly ventured into Ohio’s thriving market, offering diverse and engaging sports betting experiences to consumers.
National Ventures:
Elys Game Technology’s accomplishments extend beyond Ohio’s borders. A notable collaboration with Cloakbook has resulted in the establishment of a Washington DC sportsbook through a joint venture. The company received official recognition from the District of Columbia’s Office of Lottery and Gaming (DCOLG) in the form of a standard Class B joint venture sports wagering operator licence.
Ohio’s Leadership in Regulated Markets:
Ohio’s exceptional performance during the New Year’s holiday weekend has solidified its position as the most active regulated market in the United States, as indicated by geolocation data provided by GeoComply. The state’s remarkable achievement of recording 11.3 million geolocation transactions underscores the enthusiastic response of Ohio residents to the launch of regulated online sports betting. Notably, the substantial volume of transactions originated from 784,000 unique user accounts across 17 different operators.
Promotion of Responsible Gambling:
In parallel with Ohio’s robust gaming initiatives, the focus on responsible gambling remains paramount. Ohio For Responsible Gambling (ORG) has introduced the “Pause Before You Play” campaign, aimed at fostering responsible gaming behaviors and raising awareness about potential risks.
Elys Game Technology’s licence approval in Ohio signifies a promising trajectory for the company within the state’s vibrant sports betting market. The alignment of its technology platform with Ohio Lottery specifications and its collaboration with Wright Bet highlight Elys Game Technology’s dedication to delivering a seamless and engaging gaming experience. As Ohio continues to flourish as a dynamic regulated market, Elys Game Technology’s contributions contribute to the state’s thriving gaming ecosystem, with responsible gambling and innovation at the forefront of its endeavors.