Elys Game Technology, in collaboration with Wright Bet, is making significant strides in the sports betting industry by securing partnerships with over 100 host locations for its land-based sportsbook services in Ohio. The company is eagerly anticipating the launch of sports betting operations in the state, scheduled for 2023, pending approval from the Ohio Casino Control Commission. This ambitious move by Elys has garnered substantial interest from retail establishments looking to enhance their offerings with the company’s cutting-edge ‘Build-your-bet’ technology, which enables mobile access for bettors to compare markets and place wagers off-site before visiting the host location.
Expanding Footprint:
Elys Game Technology’s recent partnerships and agreements have further solidified its position in the US sports betting market. A noteworthy collaboration with Bookmakers will see the provision of sportsbook services at the Top Hat Sports Bar & Grill in Parkville, Maryland, pending regulatory approval. The company stands to benefit from a share of the sports betting revenue generated at the venue, bolstering its financial prospects.
Additionally, Elys has extended its existing partnership with the Grand Central Restaurant and Sportsbook, resulting in the establishment of a joint venture to open a second sportsbook in Washington DC. This strategic expansion allows Elys to tap into the thriving sports betting market of the nation’s capital.
Innovative Solutions:
The ‘Build-your-bet’ technology offered by Elys Game Technology stands out as a game-changer in the industry. This feature allows host locations to provide mobile access to players, enabling them to craft personalized bets by comparing various markets. This unique offering not only enhances player engagement but also opens up new revenue streams for the hosts, creating a win-win situation. As sports betting gains popularity, venues offering Elys’ sportsbook solution can anticipate an influx of new customers seeking an immersive betting experience.
Ohio’s Gambling Revenue Trends:
Ohio’s casinos and racinos have seen fluctuations in gambling revenue in recent months. In August, they collectively recorded $196 million, marking a slight increase from the same month in 2021. While this figure represented a 5% decline compared to July’s revenue of $207 million, certain establishments posted gains, showcasing the potential for growth in the state’s gambling sector.
Hollywood Columbus emerged as the leader in August, generating $22.2 million in revenue, followed closely by Jack Cleveland Casino with $21.8 million. Hard Rock Casino Cincinnati and Hollywood Toledo also contributed significantly with revenues of $21.1 million and $19 million, respectively.
Elys Game Technology’s entry into Ohio’s sports betting market is set to be a significant milestone for the company and the state’s gambling industry. With over 100 host locations eager to adopt the company’s innovative ‘Build-your-bet’ technology, the future of sports betting in Ohio looks promising. As the launch date approaches, pending regulatory approval, Elys anticipates a strong partnership with Ohio’s retail establishments, offering unparalleled betting experiences to sports enthusiasts. The company’s recent expansions and collaborations in Maryland and Washington DC demonstrate its commitment to becoming a key player in the rapidly growing US sports betting landscape. As Ohio’s casinos and racinos continue to register solid revenue figures, the prospect of sports betting is sure to add a new dimension to the state’s gambling market.