FanDuel and Inspired Enter Connecticut Market

A recent development in Connecticut showcased that FanDuel Casino and Inspired Entertainment have announced a new partnership to introduce online casino games in Connecticut. This expansion is part of a broader collaboration between the two companies, which already have a presence in Michigan, New Jersey, and Pennsylvania.

Inspired Entertainment, a UK-based iGaming content creator listed on NASDAQ (INSE), revealed the partnership via a Twitter announcement. The collaboration between FanDuel and Inspired now spans four of the seven legal online casino states in the US, underscoring the growing reach of both entities in the American iGaming sector.

Despite efforts to gather further details, inquiries to both FanDuel Casino and Inspired Entertainment regarding the Connecticut expansion did not yield responses.

 

Key Developments:

• Expansion to Connecticut: The new partnership extends the existing relationship between FanDuel and Inspired Entertainment into Connecticut, joining their operations in Michigan, New Jersey, and Pennsylvania.
• Inspired Entertainment’s Growth: Over the past year, Inspired has made notable advancements in the US market, including recent entries into New Jersey and Pennsylvania. The company has also expanded its presence in virtual sports through partnerships, such as one with Rush Street Interactive in May and another with bet365 in Pennsylvania in late June.
• Revenue Impact: Inspired Entertainment has reported a 40% year-on-year revenue increase in its online casino gaming division for Q2 2024. This growth reflects the success of its strategic partnerships and market expansions.

 

Future Prospects: