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FanDuel Picks Scientific Games for Sports Betting Tech
3rd February, 19:22FanDuel Inc. picked Scientific Games Corp. to provide the technology for its sports-wagering and online-casino businesses in the U.S. as legalized betting expands across the country.
Shares of Scientific Games, controlled by billionaire Ronald Perelman, rose as much as 7.7% to $26.76 in New York. It had been down slightly over the past year.
The company will provide the betting platform in current states where FanDuel takes bets and in new ones that come online, according to a person familiar with the terms who asked not to be identified. The company already provides similar services to FanDuel's parent, Flutter Entertainment Plc, in Europe.
Both sports betting and online casino games like blackjack have surged in the U.S. since the Supreme Court overturned a ban on sports wagers outside of Nevada two years ago. FanDuel, which began life as a fantasy sports site, quickly captured the lead in New Jersey, the biggest U.S. market so far for legal online gambling.