PRAGUE, Czech Republic and ST. GALLEN, Switzerland, March 28, 2024 (GLOBE
NEWSWIRE) -- Sportradar (NASDAQ: SRAD) and Oddin.gg, an award-winning B2B
betting-solutions provider for esports, today announced they have entered into a
multi-year strategic partnership to offer audiovisual streaming of Oddin's
exclusive esports content to Sportradar's betting operator clients around the
world.
The deal will support Oddin.gg's growth ambitions in the expanding global
esports market, whose betting turnover was estimated to be EUR83 billion in 2023.
It will extend the reach of Oddin.gg's official competition content by
leveraging Sportradar's market leading position as an AV betting provider.
Sportradar's global network of 900+ betting operator clients will benefit from
the opportunity to offer greater volume and a wider variety of live streamed
esports events to their customers, increasing opportunities for engagement with
existing and new betting markets. The partnership also paves the way for future
collaboration in other areas.
Oddin.gg holds the official rights to high-profile competitions including the
newly released Counter Strike 2 (CS2) which Sportradar will distribute to
sportsbooks through the company's integrated streaming product, providing access
to prominent competitions globally and enabling operators to offer exciting new
content to their customers.
A number of prestigious competitions are featured in the partnership, including:
* PGL Copenhagen Major 2024, the first Major for the newly released Counter
Strike 2;
* Dacha DOTA2 Qualifiers and Main Events;
* Dacha Counter Strike 2 Qualifiers and Main Events;
* Tipsport MCR 2024.
Patrick Mostboeck, SVP Fan Engagement, Sportradar said: "This agreement further
strengthens Sportradar's esports offering while supporting Oddin.gg in realising
their growth plans through AV streaming for betting. Sportradar's ultra-low
latency audiovisual outputs, as well as our comprehensive Live Odds and real-
time trading solutions, provide betting operators with the critical materials
they need to commercialise the global, highly engaged esports fan base."
Vlastimil Venclik, CEO and co-founder of Oddin.gg shared: "As the forefront
innovator in the esports betting sector, Oddin.gg (http://oddin.gg/) is
embarking on a journey by aligning with Sportradar, a leader in the realm of
sports data and content distribution. This partnership is not just a
collaboration but a combination of distinct strengths, where Sportradar's
extensive and sophisticated video distribution capabilities are set to be the
vehicle for our unparalleled esports odds and analytical insights. This
strategic alliance aims to harness the best of both worlds, merging our profound
expertise and nuanced understanding of the esports betting market with
Sportradar's wide-reaching video distribution."
The popularity and awareness of esports have grown exponentially with both
players and viewers of esports registering huge increases in recent years. The
global gaming livestreaming market is expected to grow from EUR810 million in
2021 to EUR1.41 billion by 2025.
About Oddin.gg
Oddin.gg is the number one B2B choice for esports betting, enabling the growth
of its partners by providing engaging esports betting experience through its
end-to-end esports betting ecosystem. Oddin.gg's clients take advantage of its
multi-award winning esports odds feed, risk management, iFrame solution,
widgets, 24/7 content, live esports data and marketing services. The company
maximizes its partners' profitability by combining automated infrastructure and
machine learning algorithms with advanced data science. Oddin.gg powers
solutions for Betway, Yolo Group, Stake, OpenBet, Altenar, Betby, and many more
sportsbook and platform providers on a global scale. Oddin.gg is licensed in New
Jersey, Colorado, Ontario and in the process of acquiring multiple more licenses
in the US.
About Sportradar
Sportradar Group AG (NASDAQ: SRAD), founded in 2001, is a leading global sports
technology company creating immersive experiences for sports fans and bettors.
Positioned at the intersection of the sports, media and betting industries, the
company provides sports federations, news media, consumer platforms and sports
betting operators with a best-in-class range of solutions to help grow their
business. As the trusted partner of organizations like the ATP, NBA, NHL, MLB,
NASCAR, UEFA, FIFA and Bundesliga, Sportradar covers close to a million events
annually across all major sports. With deep industry relationships and
expertise, Sportradar is not just redefining the sports fan experience, it also
safeguards sports through its Integrity Services division and advocacy for an
integrity-driven environment for all involved.
For more information about Sportradar, please visit www.sportradar.com
(http://www.sportradar.com%C2%A0%C2%A0)
Oddin.gg Contacts
Pavel Hacker
Pavel.hacker@oddin.gg (mailto:Pavel.hacker@oddin.gg)
Sportradar Contacts
Media
Sandra Lee
press@sportradar.com (mailto:press@sportradar.com)
Investor Relations
Jim Bombassei
Investor.relations@sportradar.com (mailto:Investor.relations@sportradar.com)
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