Sportradar Expands US Presence with Maine License
Date: 2023-11-10 Author: Dima Zakharov Categories: SPORTS BETTING, EVENTS
Sportradar's US Expansion
Sportradar Group, a key player in the intersection of sports, media, and betting, recently announced its successful acquisition of a temporary sports betting supplier license for the state of Maine. The Maine Gambling Control Unit granted this license to Sportradar's US betting subsidiary, Sportradar Solutions, on November 1. This strategic move solidifies Sportradar's presence in the Pine Tree State and expands its total number of licenses across North America to 53.
Reach Across North America
With this new license, Sportradar's products are now accessible in various US states, territories, and tribes, as well as in Canada. This development allows companies in these jurisdictions to leverage Sportradar's cutting-edge products and services, benefiting from the company's reputation for providing fast, accurate, and reliable data.
Commitment to Transparency and Integrity
Sportradar remains dedicated not only to supporting sports betting and gaming companies but also to advancing transparency and integrity across the sector. This commitment is evident in the company's efforts to maintain a strong foothold in the rapidly evolving US market.
Q3 Results and Workforce Reduction
In addition to its US expansion, Sportradar recently posted robust Q3 results, showcasing a significant increase in revenue. The company also highlighted its achievements and confirmed its plans to streamline its operating structure. As part of this restructuring, Sportradar aims to reduce its global workforce, leading to an approximate 10% reduction in labor cost run rates by 2023.
Betting Landscape in Maine
Maine, one of the latest states to legalize sports betting after the repeal of PASPA in 2018, has seen notable market entry by industry giants. DraftKings, a major sports betting operator in the US, was among the first to enter the Maine market. The launch, in partnership with the Passamaquoddy Tribe, was well-received, with officials expressing excitement about collaborating with an industry leader.
