Understanding Retail Sports Betting and Geo Tagging

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Transcript

00:00All right, well, you know, for those people who are unfamiliar with the way that retail

00:07sports betting works, basically, you have to be there in person.

00:12And I know a lot of people, Matt, would ask the question.

00:14It's probably a rudimentary question, but maybe people are watching us for the first

00:18time.

00:19They're unfamiliar with how it works.

00:20Essentially, what they do, these companies, they geo tag you, meaning that you have to

00:24be in the vicinity of where you can bet on sports.

00:28Otherwise, your phone notices that you're not there, and then you can't.

00:32And there's a new state here that is opening up a new geo-comply system.

00:37Which one is it, and how will it operate?

00:39Yeah, you're right, Craig.

00:41In a nutshell, that's how it works.

00:42There are a couple of places where, I always use Mississippi as an example.

00:47Mississippi does not allow online sports betting throughout the state.

00:52But if you happen to be on the casino premises, and the Casino Sportsbook offers an app where

00:58you can bet, then you can bet anywhere on your app from within that casino premises.

01:04It expands a little bit when we start to talk about Indian gaming, and the Choctaw Nation

01:09of Oklahoma is getting ready to launch Class 2 on-premises mobile gaming.

01:15Now, that can sound a little bit confusing.

01:18Class 2 gaming is basically slot machines and table games that don't include balls and

01:24dice, essentially, Craig.

01:26When you start to talk about Class 3 gaming, that's when you get to the Vegas-style gaming.

01:31And the Choctaw said that they're going to launch Class 2 mobile gaming, and they are

01:36going to, you know, have it geo-locked to their, both casino and their tribal lands.

01:43Now, look, Craig, I think this can maybe be seen more as a beta launch to see how things

01:49are going to work.

01:50Because if you remember, in April, the Choctaw Nation signed a sports betting deal with Canby,

01:55one of the big sports betting tech providers out there, and it was for an exclusive nationwide

02:01sports betting partnership.

02:03Obviously, that's been on ice a little bit for about half a year now, but certainly things

02:10are going on behind the scenes.

02:11I think we can look to this Class 2 mobile launch for the Choctaw as the wheel's starting

02:18to move a little bit.

02:20We don't know if they're going to try to offer online gaming in other states that have

02:25it legalized.

02:27Right now, we just know that it's going to be for sports betting.

02:30And so, you know, they're probably doing a lot of guessing and checking to get this live.

02:34They want to check different systems and everything.

02:36But really positive sign here, I think, for this Choctaw partnership moving forward.