Will licensed operators soon enter the ‘sweepstakes’ space?

Saturday, October 26, 2024 11:18 AM
  • Eric Raskin, Casino Reports

“Rumors.” “Murmurs.” “Rumblings.” These are the words gambling industry insiders are using to answer the question of whether they’ve heard about any regulated U.S. sportsbook or casino operators entering the red-hot arena of social gaming with sweepstakes prizing.

You won’t get anyone on the record saying, “Oh, yeah, Operator X is building out a sweepstakes site right now.” But everyone has caught wind of some unconfirmed nugget of some sort.

The social-with-sweeps space has the rapt attention of the gambling world. There’s money to be made, there’s a relatively low barrier to entry, there’s controversy and debate over its legality as an unregulated gaming product — it’s the vertical that the industry can’t get enough of.