Gambling consultancy Spectrum Gaming Group has formed a dedicated sports betting unit ahead of the potential expansion of regulated sports wagering in the USA.
Spectrum Gaming Sports Group, otherwise titled SG2, has been formed in partnership with Spectrum Gaming Capital and will provide public policy analysis and guidance to state governments.
“We are prepared to assist legislators, regulators, gaming companies and sports betting companies understand and bring about sports betting in its best forms,” said Spectrum Gaming Group MD Michael Pollock.
Spectrum, which has advised 36 states on anti-money-laundering controls, financial analysis and responsible gaming, created the Rhode Island Lottery RFP to select a state sports betting provider, and provided market projection for the Washington State Gambling Commission.
SG2 will aim to combine gambling industry expertise with legislative applications in order to further the interest and approval of the sports betting market.
“A robust sports betting platform will be a key element of virtually every gaming operator’s customer offering,” predicted Robert Heller, CEO of Spectrum Gaming Capital CEO.
The launch of SG2 comes as response to the state of New Jersey’s appeal to overturn the federal 1992 Professional and Amateur Sports Protection Act, prohibiting government entities from promoting sports-based betting.
Backed by 18 further states, the case is currently under consideration by the Supreme Court, which, if approved, could see the $150bn generated annually through illegal sports betting across the country diverted into federal coffers.
“Spectrum is committed to advancing best practices in all facets of gaming,” added Pollock, “and that need is particularly acute in the burgeoning sports-betting arena.”