IGT, FanDuel Expand Their iGaming, Sportsbook Partnership

IGT, FanDuel Expand Their iGaming, Sportsbook Partnership

International Game Technology has reached a multi-year iGaming and sports betting agreement with FanDuel that includes using the IGT platform in the gaming company’s U.S. sportsbooks.

The deal, announced Monday morning, allows IGT’s PlayDigital's PlayCasino games — slots, blackjack, roulette and others — to reach the entire U.S. market, according to a news release. FanDuel offers IGT PlayCasino games such as Wheel of Fortune Triple Extreme Spin, Triple Red Hot 7s Free Games and Red Hot Tamales! on its mobile wagering apps and websites in the New Jersey and Pennsylvania markets.

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The new agreement, which runs through September 2024, expands IGT and FanDuel's partnership that includes the FanDuel Sportsbook at New Jersey’s Meadowlands Racetrack, the release said.

"IGT's PlaySports platform has been integral to FanDuel Sportsbook's expansion in the U.S., as we currently leverage it to power America's No. 1 sportsbook," Matt King, FanDuel Group CEO, said in the news release. "IGT is the strategic partner that we will lean on to help us expand our retail footprint across the U.S. IGT's PlaySports platform enables us to create an intuitive, technologically driven customer experience at our world-class retail sportsbooks for our customers, while its PlayCasino content enables FanDuel to deliver premium mobile casino entertainment in new and existing markets."

Strong Working Partnership

Since partnering in 2018, the two companies have reached several milestones, according to the news release, including having:

  • Launched FanDuel retail sportsbooks in eight states — New Jersey, New York, Pennsylvania, West Virginia, Iowa, Indiana, Michigan and Mississippi.
  • Launched online sportsbooks in five states — New Jersey, Pennsylvania, West Virginia, Indiana and Colorado.
  • Deployed more than 200 IGT PlaySports self-service kiosks at FanDuel Sportsbooks.
  • Driven PlayCasino slot and table games in the New Jersey and Pennsylvania markets while driving growth across the emerging U.S. mobile market.

More About IGT

IGT is the largest business-to-business gaming company in the world. Based in London, the gaming provider has about 12,000 employees worldwide and a presence in more than 100 countries, the release said.

IGT, which is traded on NYSE, had seen its shares drop about 34% this year according to MarketWatch, was up about 6.5% in premarket trading Monday after the FanDuel announcement.

"IGT and FanDuel Group are positioned for continued success in the U.S. and we are committed to fueling FanDuel Sportsbooks' sustained growth through our proven, market-ready platform, player-preferred game content and self-service betting technologies." Enrico Drago, IGT PlayDigital’s senior vice president, said.