MINNEAPOLIS, March 01, 2022 (GLOBE NEWSWIRE) — SharpLink Gaming Ltd. (Nasdaq:SBET) (“SharpLink” or the “Company”), a pioneer of good, data-driven sports activities betting conversion options for the rising U.S. sports activities betting and that iGaming industries, at present introduced the Company is permitted to present sports activities betting conversion options and internet online affiliate marketing companies in 12 U.S. state jurisdictions, the place on-line sports activities betting has been legalized. These jurisdictions embody Colorado, Illinois, Iowa, Montana, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, West Virginia, Wyoming and Washington, D.C. SharpLink can be within the later levels of the licensing course of in 4 further U.S. states, which embody Arizona, Louisiana, Michigan and Virginia. In 2018, the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA), liberating states to set up their very own regulated sports activities betting. According to LegalSportsReport.com, the full {dollars} wagered in authorized sports activities betting states within the month of December 2021 totaled $6.92 billion. The whole betting deal with for the 12 states and Washington, D.C. through which SharpLink is now cleared to function reached over $4.07 billion, representing roughly 59% of the authorized sports activities betting market reported for December 2021. Rob Phythian, Chief Executive Officer of SharpLink, said, “Expansion of our state license portfolio and making certain ongoing authorized compliance is and can stay a mission-critical side of our enterprise and is central to our development technique and long-term success. We are very happy with our staff’s progress in navigating the extremely complicated state licensing setting and count on that, over the course of this yr, we’ll prevail in profitable licenses in each state the place on-line sports activities betting has been legalized.” Continuing, Phythian added, “It can be vital to keep in mind that whereas there continues to be super momentum behind state legalization of sports activities betting, roughly 70 % of the U.S. inhabitants nonetheless can’t make authorized on-line bets right now. While generic adverts and promotions could garner sports activities bettors in authorized betting states, this strategy to person engagement disregards these in non-betting states and supplies these potential prospects no direct name to motion. Free-to-play video games lengthen to all states, regardless of authorized betting legal guidelines, and will be relevant to all sports activities media, leagues and groups. In flip, this builds model recognition and loyalty. When extra states finally legalize on-line sports activities betting, main sports activities media corporations, leagues and groups who’ve lengthy relied on SharpLink to create and function free-to-play and fantasy sports activities video games will profit from having built-in bases of potential bettors who’re studying via sport play and sports activities betting simulations how to place actual bets utilizing actual {dollars}.” About SharpLink Gaming Ltd. Founded in 2019 and primarily based in Minneapolis, Minnesota, SharpLink is a number one on-line expertise firm that connects sports activities followers, leagues and sports activities web sites to related and well timed sports activities betting and that iGaming content material. SharpLink makes use of proprietary, clever, on-line conversion expertise to convert sports activities followers into sports activities bettors for licensed, on-line sportsbook operators. SharpLink’s clever C4 Sports Betting Conversion resolution delivers and determines one of the best sportsbook betting affords and expertise for every recognized person. Using subtle, AI-enabled behavioral modeling and monitoring applied sciences, and by analyzing person’s previous and current behaviors, we serve sports activities followers with personalised betting affords particularly tied to every fan’s favourite sports activities, groups and gamers. Additionally, SharpLink focuses on serving to sports activities media corporations develop methods, merchandise and revolutionary options to drive deep buyer engagement with extremely interactive sports activities video games and cellular purposes. SharpLink is run by trade veterans with a number of profitable exits within the sports activities gaming and that iGaming sectors. For extra data, please go to the SharpLink web site at www.sharplink.com. Forward-Looking Statements This launch accommodates forward-looking statements which might be topic to numerous dangers and uncertainties. Such statements embody statements concerning the anticipated development within the on-line betting trade, the Company’s potential to efficiently advance its licensing efforts, the Company’s potential to develop its enterprise, the potential advantages of the Company’s merchandise, companies and applied sciences and different statements that aren’t historic information, together with statements which can be accompanied by the phrases “intends,” “could,” “will,” “plans,” “expects,” “anticipates,” “tasks,” “predicts,” “estimates,” “goals,” “believes,” “hopes,” “potential” or related phrases. Actual outcomes may differ materially from these described in these forward-looking statements due to sure elements, together with with out limitation, the Company’s potential to obtain worthwhile operations, authorities regulation of on-line betting, buyer acceptance of new services and products, the consequences of the unfold of Coronavirus (COVID-19) and future measures taken by authorities within the nations through which we function on our operations, the demand for our merchandise and our prospects’ financial situation, the impression of aggressive merchandise and pricing, the prolonged gross sales cycle, proprietary rights of the Company, the Company’s potential to receive the capital assets essential to fund its enterprise, and different threat elements detailed within the Company’s annual report and different filings with the United States Securities and Exchange Commission. The Company doesn’t undertake any duty to replace the forward-looking statements on this launch. CONTACT INFORMATION: SHARPLINK INVESTOR RELATIONS:SHARPLINK MEDIA RELATIONS: SharpLink Gaming Ltd.Hot Paper Lantern Dodi Handy, Director of CommunicationsMichael Adorno, Vice President, Communications Phone: 407-960-4636Phone: 212-931-6143 Email: [email protected]: [email protected]
https://www.globenewswire.com/news-release/2022/03/01/2394330/0/en/SharpLink-Gaming-Now-Cleared-to-Reach-59-of-the-Legal-U-S-Sports-Betting-Market-in-12-States-D-C.html
