Penn National Gaming Achieves Major Milestone with Launch of theScore Bet’s Proprietary Technology Stack
Penn National Gaming, Inc. has announced that its subsidiary, Score Digital Sports Ventures (Canada) Inc. has launched its proprietary risk and trading platform, the culmination of theScore Bet’s strategy to bring its sportsbook technology in-house. theScore Bet now operates on a vertically integrated technology stack with all components, including the Risk and Trading platform, Player Account Management system and Promotion Engine custom built by its in-house product and engineering teams.
The migration to its own risk and trading platform significantly enhances theScore Bet’s mobile product offering in Ontario, including increased in-game wagering options and event props and an expanded library of markets. The vertically integrated infrastructure also unlocks greater personalization and media and betting integration capabilities, enabling theScore Bet to more creatively and efficiently serve users. Additionally, theScore Bet will introduce its new Parlay+ feature this fall for all major league sports.
“The completion of theScore Bet’s technology stack is a milestone accomplishment that significantly strengthens our online betting capabilities, mobile product offerings and overall integrated media and betting ecosystem,” said Jay Snowden, CEO and President, Penn National Gaming. “This vertically integrated platform will increase our ability to engage and retain customers, drive more flexible pricing, provide valuable savings on third party platform costs, and allow us to deliver the most personalized product experience in the market. We’re thrilled to have this technology deployed in Ontario and are diligently working toward migrating the Barstool Sportsbook in the U.S. to the platform in Q3 2023, after which we will begin to realize the full benefits of our in-house, custom designed technology.”
“From the outset, achieving technology independence has been a core priority of ours and I could not be prouder of the incredible team who built this state-of-the-art platform from the ground up,” said John Levy, CEO of theScore. “Operating on a system where all components are custom built to work together maximizes our speed and efficiency and supercharges our ability to seamlessly roll out new features, wagering options and innovations. We are extremely excited to introduce this enhanced product to Ontario bettors well ahead of the busy fall season.”