theScore Wager is shutting down all of its US sportsbooks on July 1, opting to deal with the Canadian market. [Image: Shutterstock.com]
Closing its doorways
theScore Wager sportsbooks within the US shall be shutting down on July 1 because the operator appears to be like to deal with the Canadian market. The Penn Nationwide Gaming-owned model introduced this resolution on Wednesday. Penn Nationwide Gaming already has on-line sports activities betting operations up and working in a dozen US states by way of the Barstool Sportsbook.
now not have the ability to deposit to their US theScore Wager accounts or place bets beginning June 15
Customers will now not have the ability to deposit to their US theScore Wager accounts or place bets beginning June 15. The one factor that they may have the ability to do after this date and earlier than the beginning of July is withdraw funds. By the point the providing absolutely shuts down, each the NHL and NBA seasons ought to be at a detailed.
For these individuals who have already positioned future bets that won’t be settled by July, theScore Wager shall be in contact about what’s going to occur to those wagers. There may be at the moment no manner for theScoreBet customers to switch their accounts or balances over to the Barstool Sportsbook.
Specializing in the Canadian market
For the reason that regulated on-line playing market in Ontario, Canada launched on April 4, theScore Wager has managed to carve itself out a major market share. Based on Penn Nationwide Gaming CEO Jay Snowden, about 79% of sports activities bettors used the app within the first month. It’s now seeking to cement its place within the Ontario market. The corporate already has sturdy model consciousness in Canada because of theScore sports activities media app having been the most well-liked app of its form within the nation for a few years.
Ultimately, the plan is emigrate the Barstool Sportsbook onto theScore Wager’s in-house buying and selling and danger platform.
theScore Wager has had a presence within the US market since launching in New Jersey three years in the past. On the time, it was the very first media firm to launch its personal sportsbook within the nation. It subsequently launched in Indiana, Iowa, and Colorado.
The choice to shut down theScore Wager within the US is the newest in a wave of market consolidations over the previous couple of years. There are actually only a handful of operators that dominate the sports activities betting panorama.
Penn Nationwide Gaming acquired theScore Wager in August as a part of a $2.1bn deal.
FanDuel, DraftKings, and BetMGM are estimated to manage at the least 70% of the nation’s whole sports activities betting market. This doesn’t depart a lot for different operators, particularly due to the huge sums being spent on buyer acquisition. Sure operators like Caesars and WynnBET have introduced that they’ve been slicing down considerably on advertising and marketing spending to be able to stay operational within the US.