Connecticut’s online sports betting and iGaming market is showing great figures right after official approval from authorities. This is confirmed by a company that is an expert in the collection of geolocation data, GeoComply.
According to the data, more than 1.2m online betting transactions have been recorded since the beginning of limited trials on October 12. However, the majority of wagering transactions started taking place after the launch date of October 19.
Based on GeoComply, this already puts Connecticut ahead of Colorado, regardless of its smaller population. The state also benefits from customers in New York.
Commenting on the new findings, VP global government relations at GeoComply, Chad Kornett said:
“We’ve learned from the New Jersey experience that New Yorkers are clearly motivated to travel locally to bet on sites where proper consumer protections have been put in place that safeguard the integrity of their wager.
“Connecticut looks to be quickly following a similar pattern: Easily accessed from the New York City area, GeoComply’s data shows 38 per cent of Connecticut’s wagering activity has originated from the southwestern corner of the state along the I-95 corridor.”
More About the Company
Established in 2011, GeoComply delivers fraud prevention and cybersecurity products that detect location fraud and support verifying the user’s digital identity. Its award-winning solutions are based on the technologies developed for the regulated U.S. online gaming and sports betting market. GeoComply also delivers geolocation fraud detection solutions for video broadcasters and the online banking, cryptocurrency, and payments industries, creating an impressive list of international customers such as Amazon Prime Video, BBC, Akamai, Sightline, DraftKings, FanDuel, and MGM.
The brand’s software is installed on more than 400 million devices across the globe and analyzes more than 3 billion transactions a year, putting GeoComply in a special position to identify and counter both existing and emerging fraud threats.
GeoComply solutions are already proven in the industry so they use location, device, and identity intelligence together with advanced machine learning to find and flag fraudulent activity. By incorporating GeoComply’s solutions into their procedures and risk engines, organizations will be able to identify fraud in a user’s engagement and establish their real digital identity while empowering digital trust. It is known for its state-of-the-art products such as GeoComply Core, GeoComly Hub, Risk Guard, Geo Guard, Pin Point, and ID Comply.
The company is specialized in Fraud Protection, Secure & Accurate Geolocation, GPS & GSM Geolocation, Location Compliance, Geolocation, and Geolocation Technology. It is based in Vancouver, British Columbia.
Source:
“Connecticut Online Gaming Market Off To Strong Start”, gamingintelligence.com, October 25, 2021.
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