Continuing its strategic expansion in the United States, Continent 8 Technologies has launched operations in Vermont, marking a significant milestone in the state's newly-regulated online sports betting market.
The Isle of Man-based digital infrastructure solutions provider has initiated operations through its data center located in the Burlington region. This move aims to support some of the nation's largest online sports betting platforms, including DraftKings, FanDuel, and Fanatics.
Vermont legalized online sports betting on June 16th, 2023, paving the way for what officials anticipate to be nearly $7 million in proceeds for the state within the first year of legalization.
Following the announcement by the Vermont Department of Liquor and Lottery in December 2023, the go-live date was set for January 11th, with licenses awarded to three operators.
As a strategic technology partner, Continent 8 has prioritized a proactive first-to-market strategy, enabling its clients to launch seamlessly from the outset of a state's regulatory opening. The expansion into Vermont enhances Continent 8's position as a market leader in the US, where it is now operational in 30 states.
Michael Tobin, Founder and CEO of Continent 8 Technologies, expressed pride in supporting customers in Vermont's highly anticipated launch of online sports betting. He stated, "Our relentless commitment to market leadership and customer-centricity has been the cornerstone of our success over the past 25 years. The expansion into Vermont signifies not only the future growth of our business but also holds personal significance for me."
Continuing its legacy of innovation and excellence, Continent 8 Technologies remains at the forefront of providing mission-critical technology solutions to global clients, forging enduring partnerships and driving industry advancement.
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