PlayUp has announced that it has secured market access for iGaming in Iowa through a partnership with Wild Rose Entertainment.
The deal comes on the heels of PlayUp’s announcement last week of market access for sports betting in Iowa and Indiana along with iGaming for New Jersey.
The deal adds a second iGaming jurisdiction for PlayUp. Pending both legislative and regulatory approval in Iowa the burgeoning iGaming sector is a key indicator for PlayUp’s diverse product portfolio expansion beyond its core sports betting product.
If officials in Iowa should move forward with iGaming, PlayUp will be poised to increase its operating footprint in the US where it is a licensed operator in Colorado and is expected to gain regulatory approval in New Jersey soon.
“At our core we are a daily fantasy sports operator. We are proud of these roots and that we are Australia’s number one DFS operator and offer some of the world’s largest DFS prizes. We also view a diverse product portfolio as key to our long term growth and stability. iGaming is central in that diversification and we are aggressively getting market access in all states that are offering it, or will be offering it in the future,” Dr Laila Mintas, CEO of PlayUp USA, said.
Earlier this year, investment bank Goldman Sachs projected the iGaming market in the US to reach $39 billion in 2033. Officials with Wild Rose look forward to adding iGaming to its expanding gaming market, should regulations pass to allow it.
“The gaming market and consumer demands are always changing. We are proud to have a great partner like PlayUp in our corner to maximize our potential with iGaming should it come to Iowa,” Tom Timmons, President and COO of Wild Rose Entertainment, said.
PlayUp has already begun the regulatory process to gain licensure in Iowa for sports betting and once the regulatory framework is in place for iGaming will do the same, according to Dr Mintas.
She said the company will take an active role in helping to shape the regulations and provide input to state legislators and regulators if the opportunity presents itself.