Winners Subsidiary VegasWinners Receives Approval as a Registered Sports Wagering Service Provider from the Pennsylvania Gaming Control Board Bureau of Licensing

Rhea-AI Summary

Winners, Inc. (OTC PINK:WNRS) announced that its subsidiary VegasWinners has received approval from the Pennsylvania Gaming Control Board as a sports wagering service provider. This allows VegasWinners to refer customers to licensed sportsbooks in Pennsylvania for commission payments. The state, with over 12 million residents, ranks among the top sports betting markets in the U.S. Since its launch, the market has shown significant growth. VegasWinners aims to obtain licenses in all states permitting online sports gambling, enhancing its market presence.

Positive

• Approval from the Pennsylvania Gaming Control Board enhances VegasWinners' business opportunities.
• Pennsylvania is a top sports betting market, providing potential for high revenue.
• VegasWinners plans to expand licensing across multiple states, increasing market reach.

Negative

• None.

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LAS VEGAS, NV / ACCESSWIRE / May 3, 2022 / Winners, Inc. (OTC PINK:WNRS) subsidiary VegasWinners, Inc., which provides sports betting enthusiasts with high quality content, analysis, research, data, guidance and professional advice, announced it has received approval from the Pennsylvania Gaming Control Board Bureau of Licensing ("Gaming Board") as a sports wagering service provider able to refer customers in Pennsylvania to licensed sports books in return for commission payments.

The State of Pennsylvania is home to more than 12 million people and some of the country's most beloved sports teams, Pennsylvania is one of the top sports betting markets in America in terms of revenue generation. The Pennsylvania market has grown rapidly since its launch in November 2018. Pennsylvania has been firmly in the position of third-largest sports wagering market in America since 2019. It appears the PA sports betting market weathered the COVID storm better than most other states and showed no signs of slowing down in 2022. For further information, please see:

https://www.sportsbettingdime.com/pennsylvania/sports-betting-revenue/.

Andy Scott, CMO of VegasWinners stated "Gaining approval to operate in Pennsylvania is a massive statement for our business. The appetite for sports betting in this market is clearly significant and we believe that our handicapping service will resonate well. Being recognized by the PGCB as a legitimate provider of sports betting content is also critical to our wider strategy as we enhance our marketing opportunities."

VegasWinners had received Provisional Registration as a Sports Wagering Service Provider from the Pennsylvania Gaming Control Board Bureau of Licensing on September 3^rd 2021. VegasWinners is not affiliated with the Pennsylvania Gaming Control Board Bureau of Licensing.

VegasWinners is a licensed sports gambling affiliate that intends to drive traffic to gaming operators for commission. VegasWinners is currently licensed in several states and has made application in additional states. It is the intent of VegasWinners to get licensed in all states that allow online sports gambling. To date, online sports gambling has been legalized in multiple states including; Nevada, New Jersey, Tennessee, West Virginia, Pennsylvania, Rhode Island, Iowa, Oregon, Indiana, New Hampshire, Michigan, Colorado, Arkansas, Arizona and Washington DC.

Gambling and gaming are two of the world's most popular forms of entertainment. In 2017, the global gambling industry was valued at $533 billion - a figure that has since continued to rise with future predictions, putting projected growth at $1 trillion by the year 2022. As the online gambling market continues to experience consistent growth, spurred on by the emergence of new technologies and the increased accessibility of the internet, online casinos are coming out on top as the fastest growing iGaming segment.

ABOUT WINNERS, INC.

Winners, Inc. (OTC "WNRS") through its operating subsidiary VegasWinners is engaged in the business of sports gambling research, data, advice, analysis and predictions utilizing all available media, advertising formats and its database of users. Revenues are expected to accelerate due to the explosion of sports handicapping arising from the 2018 Supreme Court decision that States have the right to approve sports gambling and the resulting State by State rapid approval of sports gambling. VegasWinners is a registered sports gambling affiliate that intends to drive traffic to gaming operators for commission. VegasWinners is currently registered in West Virginia, Indiana, Colorado, New Jersey, Tennessee, Pennsylvania and able to operate in New York, Nevada, Mississippi, Wyoming, Illinois and Iowa and has made application in several additional states. For more information, please visit website, twitter, facebook and Instagram.

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

FOR MEDIA INQUIRIES, PLEASE CONTACT:

Tom Terwilliger
CEO
Winners, Inc.
954-908-3366
hq@winnersinc.us

SOURCE: Winners, Inc.

View source version on accesswire.com:
https://www.accesswire.com/699648/Winners-Subsidiary-VegasWinners-Receives-Approval-as-a-RegisteredSports-Wagering-Service-Provider-from-the-Pennsylvania-Gaming-Control-Board-Bureau-of-Licensing

FAQ

What recent approval did Winners, Inc. receive?

Winners, Inc. announced that its subsidiary VegasWinners received approval from the Pennsylvania Gaming Control Board to operate as a sports wagering service provider.

How does the Pennsylvania sports betting market affect WNRS?

The Pennsylvania market is one of the largest in the U.S., and its approval is expected to enhance revenue opportunities for WNRS through increased customer referrals.

What is the significance of the Pennsylvania approval for VegasWinners?

The approval signifies VegasWinners' recognition as a legitimate provider of sports betting content, which could enhance marketing opportunities and business growth.

In which states is VegasWinners currently licensed?

VegasWinners is currently licensed in states including West Virginia, Indiana, Colorado, New Jersey, Tennessee, and Pennsylvania.

What is Winners, Inc.'s strategy for market expansion?

Winners, Inc. plans to expand its licensing in all states that allow online sports gambling, enhancing its reach and revenue potential.