Oddin.gg continues to expand in the North American market, as the esports odds and feeds company has secured its fourth latest license in the regional market, following similar moves in Colorado, New Jersey, and not least – Ontario, Canada.
The new license is claimed in West Virginia, which will allow the company to move forward with its expansion plans in the region, as esports is beginning to gain momentum as a viable betting market, and especially with regulated operators.
Commenting on this opportunity, Oddin.gg CEO and Co-founder Vlastimil Venclik welcomed the opportunity to see his company secure yet another important licensure in a key market in the region.
"Combined with new US-based operators becoming our clients, this license marks another significant step in our North American expansion strategy," Venclik noted. However, he said that there are more similar moves to follow, as expansion in the United States is only getting started for the company, especially when more markets are open to esports betting.
Oddin.gg has had to undergo a thorough verification process, looking into the company’s operational integrity, financial stability, and other important factors that have qualified the company as a viable supplier of odds and feeds for the emerging esports betting segment.
According to Venclik the esports betting market presents a huge potential for operators, with the betting volume in this segment pinned at $80bn by the chief executive, with a $5.5bn revenue, or an approximately 7% margin.
"We offer US betting companies a partnership that will allow them to surge opportunities in the booming segment," Venclik spoke confidently about what his company can offer local operators in the regulated market.
Oddin.gg has also been a preferred partner for many companies out there, including Dafabet and Betsson Group, both of which have recently partnered up with the odds provider.
Image credit: Oddin.gg