- Genius Sports can now operate with sportsbooks in West Virginia.
- Genius was granted a betting license from the West Virginia Lottery Commission.
- This is a permanent betting license.
CHARLESTON, W. Va. – Sportsbooks in West Virginia can now utilize Genius Sports Limited’s sports betting technology thanks to an official sports betting license being granted to the company.
The West Virginia Lottery Commission officially granted Genius Sports a preeminent betting license, allowing Genius to use its gaming technology and market-leading solutions at licensed sportsbooks.
Sportsbooks in West Virginia will now be able to provide Genius’s best in service product to all local betting fans.
Genius Meets West Virginia
👉Another important milestone for our US operations as we're granted a permanent sports betting license in West Virginia.
— Genius Sports (@GeniusSports) July 2, 2021
This deal pushes Genius to the forefront of sports betting technology in West Virginia. Genius stated its public commitment to supporting local sportsbooks and providing the best possible products.
“Genius Sports is fully committed to supporting the development of, and operating in, regulated territories in partnership with fully licensed sportsbooks,” said Mark Locke, CEO of Genuis Sports. “West Virginia remains at the forefront of liberalization in the U.S. and one of the most proactive proponents of legalized sports wagering. I’m honored that we have been awarded this license to provide our industry-leading services in the Mountain state, and that our sportsbook partners will continue to utilize our solutions to help them thrive in this rapidly growing market.”
West Virginia is a thriving market, raking in close to $30 million in monthly wagers. Genius Sports sees the success that West Virginia has already see in its less than a year old market and is investing in the potential growth.
Genius Sports continues to make major moves in the sports betting world in 2021. Genius Sports went public earlier in the year. The sports technology company also became the official data supplier for the NFL.
Following being granted the licenses, Genius saw an uptick of 2.26% in its overall stock value. This shows that investors are paying close attention to the moves being made.
Genius Sports is really making a name for itself as a staple in the legal sports betting world.
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Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.