AmTote International, Inc. and Sportradar announced today an agreement that enables AmTote to provide comprehensive sports betting services, including trading and risk management, across the U.S. marketplace. AmTote, which is wholly owned by The Stronach Group, is the North American racing industry’s wagering technology and services leader. Sportradar is the worldwide leader in B2B Managed Trading Services (MTS) and sports data delivery solutions.
While AmTote is best known in the U.S. for its pari-mutuel wagering services, it also operates a fixed-odds sports betting platform in the international marketplace. Annually, AmTote processes in excess of $8 billion in pari-mutuel wagers in North America through AmTote’s Spectrum® platform, and approximately $5 billion globally in fixed-odds sports wagers through the existing fixed-odds sports betting capabilities of this same Spectrum® System.
Under the announced agreement, Sportradar’s globally tested and proven MTS platform will be integrated into AmTote’s Spectrum® System, thereby providing the critical event and risk management elements across all relevant sports, while supporting both pre-event and in-play wagering capabilities. These capabilities will be available for both cash-based and account-based wagering.
This full-service sports betting solution will allow AmTote and its customers in the U.S. to quickly leverage their existing infrastructures for sports wagering purposes – including the thousands of already deployed AmTote wagering terminals, digital interface platforms (online/mobile), administrative devices, back end and peripheral platforms, and their complex connecting support networks.
In addition to marketing its full-service sports betting solution to the numerous racetracks across the country that already utilize AmTote’s pari-mutuel services, as well as potential new clients, AmTote will also provide its sports betting solution to The Stronach Group’s wholly-owned advance deposit wagering platform, Xpressbet.
“We have long looked forward to the day that we could fully leverage our Spectrum® wagering platform for our traditional customer market in the U.S., combining its extensive fixed-odds sports betting capabilities with our pari-mutuel products. The addition of Sportradar to our solution provides a truly best-in-class turnkey product that will allow AmTote’s U.S. customers to implement sports betting in a manner that integrates seamlessly into their existing infrastructure and operations,” said AmTote’s president, Keith Johnson.
“We are extremely pleased to be supporting AmTote’s sports betting platform with our MTS services. Our teams have been working closely together over the last few months and we look forward to helping AmTote customers to make the most of the sports betting opportunity across the US,” Sportradar’s Vice President of Sales, Neale Deeley said.