Atlantic City, N.J. (AP) — In a remarkable development, the legal sports betting
industry in the United States witnessed a surge in online bets during the
opening week of the NFL season. GeoComply Solutions, a tech company based in
Vancouver, Canada, widely used by the legal U.S. sports betting industry to
confirm customer locations, reported an astounding 56% increase in geolocation
transactions compared to the same period in 2022.
These transactions indicate instances
where the company was called upon to verify a customer's location. This serves
as a strong indicator of sports betting activity, with over 80% of it conducted
online in the U.S. Additionally, the company reported the creation of more than
1.1 million new player accounts during the first week of this year's NFL
season, marking a substantial increase of over 40% from the previous year.
Legal sports betting has expanded to
encompass 35 states and Washington, D.C., up from 31 states last year at the
beginning of the season. Three more states have approved it but have not yet
launched operations, according to the American Gaming Association, the national
trade group for the gambling industry.
GeoComply's co-founder and CEO, Anna
Sainsbury, emphasized the role of consumer awareness in promoting the
responsible growth of the industry. She stated that this report underscores the
high demand for sports betting in states that have not yet legalized it.
Notably, six states—Alabama, Georgia, Minnesota, Missouri, Mississippi, and
South Carolina—are currently contemplating bills to legalize sports betting
next year.
The report also highlighted instances of
individuals attempting to place bets from states where it is not legal,
ultimately unsuccessful because of regulatory requirements mandating physical
presence within the state to place a bet. GeoComply recorded over half a
million attempts to place online bets from Missouri, 262,000 from Mississippi, 92,000
from Georgia, 57,000 from Alabama, 52,000 from Minnesota, and 37,000 from South
Carolina.
Furthermore, the data revealed the
growing popularity of in-play betting, where customers place bets while a game
is already in progress. During the Thursday night season opener between the
Kansas City Chiefs and Detroit Lions, GeoComply observed a massive spike in
transactions, with over 4,200 per second shortly after Detroit scored the
game's first touchdown.
It's important to note that the data
does not claim to definitively capture every online bet placed in the U.S.
Geolocation checks are conducted at various stages of the betting process,
including account creation, login, and actual bet placement.