CINCINNATI, Sept. 5, 2018 – New data from Worldpay, Inc., a leading payments technology company, shows how attitudes toward legal sports betting are changing.
With an estimated $150 billion illegally bet on sports per year, according to the American Gaming Association, legalized sports betting is expected to create new ways to optimize and drive revenue streams for land-based casinos, sports and gaming companies, as well as new tax revenues.
As a result, 20 states have already passed laws or have pending legislation to legalize sports betting; that total is expected to grow up to 40 states in the next two to three years, according to Worldpay Gaming.
Earlier this month, Worldpay, as DraftKings’ credit and debit card partner, supported the company as they launched their mobile and online betting app—Sportsbook—in New Jersey. It is the first of its kind outside the state of Nevada.
“As our card payment partner, Worldpay’s role is instrumental as they help ensure that our customers can transact with DraftKings in a safe and secure fashion using their credit and debit cards,” said Michael Wrobleski, director of operations at DraftKings.
With over 10 million registered customers, DraftKings is well positioned to capitalize on legalized sports betting as its new Sportsbook app offers the ability to place online and mobile bets in a multitude of ways, including live in-game bets on major and niche U.S. and international sports.
“We are expecting mobile to be at the heart of this new era in gaming, and the new DraftKings’ Sportsbook further proves that expectation,” said Joe Pappano, senior vice president at Worldpay Gaming. “As a leading payments provider for gaming companies and land-based casinos, we are ready to help usher in this new era of sports betting. With our deep industry experience and international capabilities, Worldpay helps protect the integrity of the transaction, our operators and, most importantly, the players.”
Betting Potential for the NFL
The National Football League (NFL), which kicks off its regular season on Sept. 6, was the most popular sport for sports betting and fantasy sports in the past 12 months, according to a recent Worldpay survey, followed by horse racing, the National Basketball Association (NBA), Major League Baseball (MLB), college football and college basketball.
In addition to being the most popular to bet on and/or play fantasy sport, the NFL also has the most potential for betting growth as 40 percent of survey participants claim they have an interest in the league. Coming in second is MLB with 29 percent. The percentage of those interested in the NFL jumps to 52 percent among men and 53 percent among those ages 18-21.
Further, those who have engaged in sports wagering or played fantasy sports on the NFL say they are 45 percent more likely to wager on NFL games if their state legalize sports betting. An additional 22 percent say they are equally likely to play fantasy sports and wager on sports, if legalized.
For Worldpay’s full report on sports betting, visit here.
Worldpay, Inc. (NYSE: WP; LSE: WPY) is a leading payments technology company with unique capability to power global integrated omni-commerce. With industry-leading scale and an unmatched integrated technology platform, Worldpay offers clients a comprehensive suite of products and services globally, delivered through a single provider.
Worldpay processes over 40 billion transactions annually through more than 300 payment types across 146 countries and 126 currencies. The company’s growth strategy includes expanding into high-growth markets, verticals and customer segments, including global eCommerce, Integrated Payments and B2B.
Worldpay, Inc. was formed in 2018 through the combination of the No. 1 merchant acquirers in the U.S. and the U.K. Worldpay, Inc. trades on the New York Stock Exchange as “WP” and the London Stock Exchange as “WPY.”
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