The licenses enables Genius Sports Group companies Betgenius and Genius Sports Media to power the sportsbook and marketing operations of licensed betting operators in the Michigan and Virginia’s newly legalized sports wagering markets.
“Across the U.S., states are recognizing the potential of online sports betting. The launch of online sports wagering in Michigan and Virginia is the latest evidence of the significant commercial and regulatory tailwinds propelling our industry,” said Jack Davison, Chief Commercial Officer of Genius Sports.
“As more states build momentum toward legalization, Genius will continue preparing to quickly obtain state licenses so that we can support our sportsbook partners in capturing market share from day one,” Davison added.
“With a population of over 8 million, Virginia’s online sports betting market has significant potential. The market’s timely launch allows local fans to legally bet in time for Super Bowl LV and we can’t wait to work with our partners to deliver the state’s best in-game betting experiences in the years to come,” Davison concluded.
With the launch of sports betting markets in Virginia and Michigan, Genius is now live in eleven U.S. states.