Pointsbet secures US sports betting market entry

PointsBet announced that it has reached a long-term agreement for online/mobile sports betting with Meadowlands Racetrack for the state of New Jersey.
Subject to regulatory approval, PointsBet will launch its cutting-edge sports betting products, including its signature Points Betting platform, in the final quarter of 2018.

PointsBet also announced that pending legislative authorization of an online skin, it has reached a long-term agreement for sports betting with Tioga Downs for the state of New York.

“We were impressed by the PointsBet team from our first meeting”, said Jeff Gural, Chairman of New Meadowlands Racetrack LLC and Tioga Downs LLC. “They have a creative approach, with their highly differentiated Points Betting product and aggressive go to market plan. I believe they are the ideal complement to our other partners and am confident they will quickly become a meaningful player in the US market”.

PointsBet is Australia’s fastest growing racing and sports bookmaker and the New Jersey market entry represents the first step in their international plans. PointsBet specializes in US sports and is committed to offering more markets across NBA, NFL, MLB and NHL than any other sports bookmaker in the world.

“We are very excited to partner with Jeff Gural and his partners for online sports betting,” said Sam Swanell, CEO of PointsBet. “Mr Gural can see that PointsBet will bring the same energy and innovation that has allowed us to rapidly grow the PointsBet sportsbook business in Australia. Via our advanced back-end and front-end technology, we are confident PointsBet will become the sports betting service of choice for players wanting the most exciting and wide-ranging bet types. PointsBet has significant ambitions for the US market and we can’t wait to get started in New Jersey.”