Pointsbet secures US sports betting market entry

PointsBet Reaches Long-Term Agreements for Online/Mobile Sports Betting in New Jersey with Meadowlands Racetrack and in New York with Tioga Downs

New Jersey (23 July) – PointsBet today 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”.