The Wynn App
[toc]Wynn Las Vegas will officially launch a new mobile sports betting app on Monday, the Las Vegas strip resort announced on Tuesday.
The newest sports betting app on the block
The launch of the app has been awaited since Wynn announced last month that it would go live in the second half of February. Johnny Avello, director of race and sports operations at Wynn Las Vegas, said that the app has been in the works for two years.
“This is an exciting development we’ve been working on for quite some time and are pleased to now be able to offer this amenity to our guests,” Avello said in a press release. “Whether dining in our restaurants, lounging by the pools or in your guest room, the Wynn Mobile Sports allows guest to enjoy the first-rate, luxury experience of our Race & Sportsbook in the palm of their hand.”
The launch will allow it to be active for March Madness, the NCAA men’s basketball tournament.
Wynn joins a number of other Nevada mobile sports betting apps already on the market.
How the Wynn app will work
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The app will feature various types of wagers including straight bets, parlays and future books. And Wynn Las Vegas said that future versions of the app will include in-game live betting and pari-mutual wagering, among other planned advancements.
Wynn Las Vegas will require a minimum first deposit of $100, the minimum reload deposit will be $100, and the minimum bet is set at $5, a spokesperson for the resort said Tuesday.
“We’ll offer everything that we offer in the book, including horse-racing futures,” Avello told Legal Sports Report last month. “It’s pretty much the sportsbook in your pocket.”
Like all Nevada sports betting apps, it will use geolocation technology to limit wagers to players physically located in the state. And bettors can only set up an account by visiting the Wynn Race & Sports Book with valid government-issued photo ID.
The app was designed in partnership with technology company Miomni, which also designed the apps from Boyd Gaming and Aliante.
Growth in sports betting mobility
Wynn joins an increasing number of properties with apps in Nevada, where mobile sports betting has gained traction since the first app was introduced to the state in 2010.
Mobile sports betting accounted for 29 percent of the Silver State’s handle in 2015, according to Eilers & Krejcik Gaming, a research firm that tracks the gaming equipment, technology and interactive gaming sectors. That is up from 2012. Eilers also predicted that more than half of the total handle could come from mobile apps by 2020.
The Wynn Mobile Sports app is clearly a way to tap into that market, with appeal to both locals and out-of-state visitors to Wynn Las Vegas who would rather skip the lines at the sportsbook, Avello said previously.
Wynn’s sports betting app also continues the resort’s push to appeal to millennials, the resort said. Wynn Las Vegas recently opened its Encore Players Club, a 5,000-square-foot lounge area with gaming, mobile sports betting and social games such as shuffleboard and billiards.
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© Provided by The Motley Fool Wynn Resorts Gets Its WynnBET App Into Four More StatesCasino company Wynn Resorts(NASDAQ: WYNN) is expanding the availability of its WynnBET online sports betting app to seven states from the current two, according to a press release yesterday, and is negotiating for access to more. At least some of the entries into new state markets come from partnerships, with WynnBET's rollout in Iowa resulting from an alliance with in-state company Elite Casino Resorts.
Wynn's efforts to enter the digital sports betting arena represent an effort to adapt to changing gambling conditions in the U.S. accelerated by the COVID-19 pandemic and lockdowns. With casinos entirely closed for months on end, people turned rapidly to online alternatives, driving a banner year for the internet sportsbook industry and its major players, such as Penn National Gaming(NASDAQ: PENN) and DraftKings(NASDAQ: DKNG).
While COVID-19 vaccinations may help casinos avoid similarly long-lasting restrictions in 2021, online sports betting appears to be here to stay, particularly in view of its longtime popularity in the rest of the world, long before the pandemic occurred.
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Wynn expects the launch of its sports betting to occur soon in Michigan, joining the two states where it is already operating, Colorado and New Jersey. The deals it announced yesterday will also enable offering its digital sportsbook in Indiana, Iowa, Massachusetts, and Nevada. According to the Las Vegas Review-Journal's reporting, Iowa legalized this form of wagering in 2019. However, online betting in the state was hampered by a legal requirement for in-person registration. This restriction expired on Jan. 1, 2021, and the Hawkeye state is predicted to see a $4 billion online betting handle by 2024, MarketWatch reports.
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Rhian Hunt has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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