PointsBet shares saw a minor reprieve on Thursday after the betting provider announced that it was awarded sports wagering and interactive gaming operator licenses in Pennsylvania.
Through an exclusive partnership agreement with Penn National Gaming Inc. and subsequent joint application for licensure, PointBet was awarded operator licenses by the Pennsylvania Gaming Control Board to offer online sports betting and online casino products.
As the official, exclusive sports betting partner of NBC Sports, PointsBet will utilize the media giant’s premium television and digital assets to promote the PointsBet brand in Pennsylvania, where the Comcast Corporation is headquartered.
As part of the agreement, NBC Sports provides PointsBet with year-round, multi-platform media and marketing opportunities across its unmatched portfolio of events, including exclusive multiplatform gameday integrations across NBC Sports Philadelphia, regional broadcast home to the Phillies, 76ers, and Flyers.
PointsBet’s full Spanish-language functionality will reach Hispanic sports fans via Telemundo Deportes and Telemundo broadcast stations.
PointsBet USA CEO Johnny Aitken commented, “With Pennsylvania ranking among the top five sports betting states in the nation, PointsBet is thrilled to be able to soon establish its presence in this lucrative market, and we are appreciative of the support we’ve received from the state of Pennsylvania and the great people at the Gaming Control Board. We ultimately seek to provide customers in Pennsylvania with the best-in-class sports betting and online casino experience.”