"We are
incredibly proud to keep the Fall 2024 momentum going with our launch in the
Commonwealth" said Alex Kane, Sporttrade Founder and CEO. "There
is an appetite for premium betting in Virginia, for
significantly better prices at higher limits, for instant in-play betting,
and a mobile experience that's sleek and intuitive.
"Sporttrade
is becoming the home of in-game betting, where players are able to place
and cash out of bets, frictionlessly, as the probabilities shift," said
Kane. "Thank you to the Virginia Lottery, thank you to our players,
partners, and investors, and most of all, I want to thank the Sporttrade
family of employees."
Qualified
and eligible players will be able to place bets starting today
in Virginia on the Sporttrade iOS application while plans to
launch on Android are set for later this year.
Sporttrade
joins 11 other sports betting operators currently operating in the Old Dominion;
Bally Bet, bet365, BetMGM, Betr Sportsbook, BetRivers Sportsbook, Caesars
Sportsbook, DraftKings Sportsbook, ESPN BET, Fanatics Sportsbook, FanDuel
Sportsbook, and Hard Rock Bet.
Virginia has
a huge appetite for sports betting. In August alone sports bettors in the
Commonwealth wagered over $416 million on events. The $416 million wagered in
August 2024 is 30.6% higher than in August 2023.
Since its launch
in January 2021, sports bettors in Virginia have wagered over $17 billion on
events.
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