Business News

Delaware's launch of a full sports betting offering under the SportsPick brand will be powered by its long-term partner Scientific Games, the company has announced.

With the state's casinos set to launch sports betting next week (June 5th), Delaware will become first state to launch legal wagering in the US following the Supreme Court decision to overturn the Professional and Amateur Sports Protection Act (PASPA) in May.

Scientific Games has supplied the Delaware Lottery with technology for its parlay betting offering since 2009, helping to grow revenue from $10m to $46m across a network of land-based casinos and lottery retailers.

Scientific Games also provides the Delaware Lottery with instant games, draw-based games such as Keno, iGaming products and video lottery content.

"In anticipation of the Supreme Court's ruling on PASPA, we have been working with Scientific Games, our longtime sports betting provider, as well as training our lottery and casino staff, so that we were ready to launch full-scale, head-to-head betting on single games," Delaware Lottery director Vernon Kirk explained.

Scientific Games senior vice president of global lottery systems, Pat McHugh, commented: "Since Delaware is known as 'The First State', it's appropriate they were first in the nation to expand regulated sports betting after the PASPA ruling.

"We are proud to support the Delaware Lottery's long history of industry firsts, and thrilled to be their trusted provider of an integrated sports betting program serving both casinos and lottery retailers across the state."

McHugh added that Scientific Games' acquisition of NYX Gaming Group has enabled it to offer lotteries an "unrivalled" range of products.

"As an integrated company, we are ready to serve our customers like the Delaware Lottery with the gaming entertainment industry's leading sports platforms, content and services," he said.

Shares in Scientific Games Corporation (NSQ:SGMS) closed in New York Thursday down 1.00 per cent at $59.30 per share, 5.57 per cent below their 52-week high of $62.80 per share set on May 21st.