Digital marketing services provider Gambling.com has published its interim report for January to June 2019, showing a revenue increase in the period of 34% to $10.7m, up from $8m year-on-year.
The firm used its update to highlight a busy six months of US activity, during which it received approval from both the Pennsylvania Gaming Control Board and the West Virginia Lottery to provide services to licensed gaming operators in the respective states.
CEO Charles Gillespie noted: “The group continues to invest in US product and marketing capabilities laying the foundation for the very significant US growth opportunities in the coming years. The group has opened a new US office in Charlotte, North Carolina which will be the main base of business operations as the US team scales.”
Referring to the Pennsylvania and West Virginia approvals, he confirmed that they “…authorize the group to structure commercial deals with our clients that include revenue share components”.
On sports betting legalization, he added: “Year to date 42 states have taken steps to authorise sports betting. 19 states have authorized sports betting in addition to Washington, DC and Puerto Rico. The states with viable online gambling markets are fewer in number but still significant. The group is currently pursuing licensure in Illinois, Indiana, Tennessee and Iowa.
“These states in addition to the states where the group is already licensed represent about 16% of American GDP. In my Q2 report from a year ago, and the first since the Supreme Court’s famous ruling, I stated that the feeling on the ground in the US about the potential for regulation in online gambling was, “this time is different”. A year later we can confirm that this time is indeed very different and the regulatory activity to date has surpassed our expectations.