IGT Sports betting now integrated by GAN for FanDuel Group
On Sep 10, 2018
GAN plc, a developer and supplier of enterprise-level B2B Internet gambling software and services in the United States, announced they have launched internet sports betting in New Jersey delivered for Paddy Power Betfair plc’s FanDuel Group, GAN’s first US client to operate Internet sports betting via the GAN Platform.
The partnership with the FanDuel Group for delivery of Internet sports betting serving New Jersey residents via the GAN Platform was previously announced on July 18.
FanDuel Group is a subsidiary of Paddy Power Betfair PLC, a leading international sports betting and gaming operator
GAN has completed the integration of FanDuel’s nominated Internet sports betting software which is a combination of IGT’s sports platform and Paddy Power Betfair’s leading pricing, trading and risk management technology, along with a user interface designed for the US customer by the FanDuel team
On September 1, FanDuel soft-launched a FanDuel-branded website and accompanying mobile app offering Internet sports betting, leveraging GAN’s enterprise software. The FanDuel website and mobile apps are now available 24/7
Sports betting has been delivered as an integrated extension into GAN’s enterprise software platform and GAN participates in the incremental sports betting revenues.
FAQ’s about Internet Gambling ‘Platform’ & US Sports Betting Regulation
For investors and Industry analysts: The core of a “platform” from both a technical and regulatory standpoint is the Player Account Management System i.e. where highly sensitive customer and player activity data is stored and processed. Other elements of a platform can include a sportsbook transaction engine, gaming content integrations, payment services, marketing services, trading services and other ancillary activities. However, the core functionality to describe B2B systems and services as a ‘platform’ is the Player Account Management System. This is also the layer of B2B activity which tends to require regulatory approval as a ‘platform’ since it is the focal point of data and player security. Therefore, without the Player Account Management System, a service provider might be offering very valuable B2B functionality but not in the strictest sense a ‘Platform’ (source: Regulus Partners, an international gambling advisory group).
The Federal ban on sports betting enshrined within Professional and Amateur Sports Protection Act 1992 (“PASPA”) was repealed by the Supreme Court of the United States on May 14, 2018 permitting individual US States to pass their own sports betting laws.
New Jersey passed legislation bill A4111 on June 7, 2018 enabling land-based casinos and racetrack operators in the State of New Jersey, together with existing Internet gaming operators in New Jersey, to launch sports betting in retail properties and online.
On June 7, GAN’s client Paddy Power Betfair announced a relationship with a New Jersey racetrack identified as ‘Meadowlands Racetrack’ which permitted the launch of Internet sports betting, comprising the full range of US sporting events for New Jersey residents alongside their existing Internet casino gaming business operating on GAN’s enterprise-level B2B Internet gambling software.
GAN and Paddy Power Betfair launched Internet casino gaming on November 21, 2013 in the State of New Jersey. On April 18, 2018, the parties announced a multi-year extension of GAN’s Platform Services which will now encompass the delivery by GAN of Internet sports betting, integrated into GAN’s enterprise-level Internet gambling software platform.