A record-breaking number of legal bets were made this weekend as the new NFL season kicked off, according to GeoComply Solutions. The company handles compliance and verifies that customers are making transactions from approved states.
GeoComply indicated that it recorded “58.2 million geolocation transactions across 18 states and Washington, D.C.“ from Thursday to Sunday night. That’s more than double the number of bets booked this time last year. The bulk of the activity was booked in New Jersey, Pennsylvania, Michigan, Illinois, and Arizona (which legalized sports betting on Thursday.)
These figures fare well for online betting platforms such as DraftKings and FanDuel (both utilize GeoComply’s compliance services.) Despite a slower year for sports during COVID-19, both companies booked hundreds of millions in revenue. With these heftier numbers teeing off the NFL season, both companies — and their friends, like MGM, Caesar’s, and Penn National Gaming — are looking at even bigger figures.