SharpLink Gaming Now Cleared to Reach 59% of the Legal U.S. Sports Betting Market in 12 States & D.C.

SharpLink Gaming Ltd.Company Is Advancing its Licensing Efforts in Four Additional StatesMINNEAPOLIS, March 01, 2022 (GLOBE NEWSWIRE) — SharpLink Gaming Ltd. (Nasdaq:SBET) (“SharpLink” or the “Company”), a pioneer of sensible, data-driven sports activities betting conversion options for the rising U.S. sports activities betting and that iGaming industries, at this time introduced the Company is permitted to present sports activities betting conversion options and online marketing companies in 12 U.S. state jurisdictions, the place on-line sports activities betting has been legalized. These jurisdictions embody Colorado, Illinois, Iowa, Montana, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, West Virginia, Wyoming and Washington, D.C. SharpLink can also be in the later phases of the licensing course of in 4 further U.S. states, which embody Arizona, Louisiana, Michigan and Virginia.In 2018, the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA), liberating states to set up their very own regulated sports activities betting. According to LegalSportsReport.com, the whole {dollars} wagered in authorized sports activities betting states in the month of December 2021 totaled $6.92 billion. The whole betting deal with for the 12 states and Washington, D.C. in which SharpLink is now cleared to function reached over $4.07 billion, representing roughly 59% of the authorized sports activities betting market reported for December 2021.Rob Phythian, Chief Executive Officer of SharpLink, said, “Expansion of our state license portfolio and making certain ongoing authorized compliance is and can stay a mission-critical side of our enterprise and is central to our development technique and long-term success. We are very happy with our staff’s progress in navigating the extremely complicated state licensing setting and count on that, over the course of this yr, we’ll prevail in profitable licenses in each state the place on-line sports activities betting has been legalized.”Continuing, Phythian added, “It can also be essential to bear in thoughts that whereas there continues to be large momentum behind state legalization of sports activities betting, roughly 70 % of the U.S. inhabitants nonetheless can not make authorized on-line bets at the moment. While generic adverts and promotions might garner sports activities bettors in authorized betting states, this method to person engagement disregards these in non-betting states and gives these potential prospects no direct name to motion. Free-to-play video games lengthen to all states, regardless of authorized betting legal guidelines, and could be relevant to all sports activities media, leagues and groups. In flip, this builds model recognition and loyalty. When extra states in the end legalize on-line sports activities betting, main sports activities media firms, leagues and groups who’ve lengthy relied on SharpLink to create and function free-to-play and fantasy sports activities video games will profit from having built-in bases of potential bettors who’re studying by recreation play and sports activities betting simulations how to place actual bets utilizing actual {dollars}.”Story continuesAbout SharpLink Gaming Ltd.Founded in 2019 and primarily based in Minneapolis, Minnesota, SharpLink is a number one on-line expertise firm that connects sports activities followers, leagues and sports activities web sites to related and well timed sports activities betting and that iGaming content material. SharpLink makes use of proprietary, clever, on-line conversion expertise to convert sports activities followers into sports activities bettors for licensed, on-line sportsbook operators. SharpLink’s clever C4 Sports Betting Conversion resolution delivers and determines the finest sportsbook betting affords and expertise for every recognized person. Using refined, AI-enabled behavioral modeling and monitoring applied sciences, and by analyzing person’s previous and current behaviors, we serve sports activities followers with customized betting affords particularly tied to every fan’s favourite sports activities, groups and gamers. Additionally, SharpLink specializes in serving to sports activities media firms develop methods, merchandise and revolutionary options to drive deep buyer engagement with extremely interactive sports activities video games and cellular purposes. SharpLink is run by trade veterans with a number of profitable exits in the sports activities gaming and that iGaming sectors. For extra data, please go to the SharpLink web site at www.sharplink.com.Forward-Looking StatementsThis launch accommodates forward-looking statements which might be topic to numerous dangers and uncertainties. Such statements embody statements relating to the anticipated development in the on-line betting trade, the Company’s capability to efficiently advance its licensing efforts, the Company’s capability to develop its enterprise, the potential advantages of the Company’s merchandise, companies and applied sciences and different statements that aren’t historic information, together with statements which can be accompanied by the phrases “intends,” “might,” “will,” “plans,” “expects,” “anticipates,” “tasks,” “predicts,” “estimates,” “goals,” “believes,” “hopes,” “potential” or comparable phrases. Actual outcomes may differ materially from these described in these forward-looking statements due to sure elements, together with with out limitation, the Company’s capability to obtain worthwhile operations, authorities regulation of on-line betting, buyer acceptance of new services and products, the results of the unfold of Coronavirus (COVID-19) and future measures taken by authorities in the nations in which we function on our operations, the demand for our merchandise and our prospects’ financial situation, the influence of aggressive merchandise and pricing, the prolonged gross sales cycle, proprietary rights of the Company, the Company’s capability to receive the capital sources crucial to fund its enterprise, and different threat elements detailed in the Company’s annual report and different filings with the United States Securities and Exchange (*12*). The Company doesn’t undertake any duty to replace the forward-looking statements in this launch.CONTACT INFORMATION:SHARPLINK INVESTOR RELATIONS:SHARPLINK MEDIA RELATIONS:SharpLink Gaming Ltd.Hot Paper LanternDodi Handy, Director of CommunicationsMichael Adorno, Vice President, CommunicationsPhone: 407-960-4636Phone: 212-931-6143Email: [email protected]: [email protected]

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