IGT PlaySports Continues Partnership with Boyd Gaming in Nevada via New Three-Year Technology Agreement
- Extended partnership demonstrates successful track record and client satisfaction
- IGT maintains presence in Nevada, the most mature U.S. sports betting market
- Technology powers Boyd Gaming's operations across 9 states total
- Recent industry recognition as Sportsbook Platform Provider of the Year 2024
- None.
Insights
IGT secures strategic continuity with Boyd Gaming, strengthening its Nevada market position against growing sports betting competition.
IGT's three-year extension with Boyd Gaming represents a significant retention victory in Nevada's fiercely competitive sports betting technology space. The renewal through 2028 preserves a key revenue stream in the most established U.S. sports betting market, while affirming the technology's performance reliability since their partnership began in 2018.
The deal's structure highlights two critical aspects of IGT's business strategy: multi-channel integration (covering both retail kiosks and mobile platforms) and geographic diversification (extending beyond Nevada to eight additional states where Boyd operates). This comprehensive coverage demonstrates IGT's ability to deliver scalable solutions across regulatory environments.
Boyd Gaming's commentary about "incremental value" and "seamless scaling" suggests IGT's platform offers superior customization capabilities compared to competing B2B providers. The extension provides IGT with stable, predictable revenue during a period when sports betting technology providers face intensifying competition and margin pressures.
The timing is particularly strategic as Nevada's sports betting market continues maturing amid nationwide expansion. IGT's recent "Sportsbook Platform Provider of the Year" award at the 2024 EGR North America Awards further validates their technology leadership in this space, likely strengthening their negotiating position for similar renewals with other operators.
"Boyd Gaming is pleased to announce our decision to continue powering our retail and mobile sportsbooks in
"IGT PlaySports looks forward to continuing our close partnership with Boyd Gaming in
In addition to using the IGT PlaySports platform, Boyd Gaming will continue to offer IGT's PlaySports Kiosks at its 10 retail betting locations across
IGT PlaySports technology also powers retail sportsbooks at Boyd Gaming-owned casinos in
About IGT
IGT (NYSE: IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.
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SOURCE International Game Technology PLC
FAQ
What is the duration of IGT's new agreement with Boyd Gaming for sports betting technology?
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