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United States Sports Betting Changes With Jay Rood As Chief Risk Officier At Bet Works

united states sports betting chief risk officer jay rood bet works

Bet.works is a US Sportsbook software provider, which people also refer to as a pay per head site. However, Bet Works has a focus on providing the most advanced licensed Sportsbook and IGaming services and technologies in the United States and all over the world. Using a flexible suite of proprietary solutions, they couple these solutions with a sophisticated Sportsbook management service. Recently, some US states legalized sports betting, and a lot of people are looking to get into the industry. They need to get a proper license. However, after someone obtains a suitable online casino and Sportsbook licensed, Bet Works is a great place to manage your players.

About Bet.Works Sports Betting Software

At Bet.works, they provide US-ready solutions to regional, tribal, and enterprise and local clients. Ultimately, they are the only company to have allegedly concurrently been granted 33 certifications and GLI 19. Recently, Lyceum Media announces “BET.WORKS APPOINTS JAY ROOD AS CHIEF RISK OFFICER” in their latest press release. If you are not familiar with JAY ROOD, he is a Las Vegas gaming executive. Also, he is a sports betting veteran.

25 Years In Nevada

It appears that Mr. Rood has a full career in Las Vegas Nevada going back to the early 1990s. In 1992, he starts off working at Caesars in Lake Tahoe. However, he takes a position to oversee the MGM Sportsbook in December 1993. For over twenty-five years, he works for MGM Sportsbooks in Nevada. As the legalization of online gambling expands (2018 PASPA repeal), it appears he starts to oversee the online Sportsbook betting businesses in New Jersey, and Mississippi.

The Legalization Of United States Sports Betting?

Over the next year or two, experts in the online casino industry predict that more than thirty states will offer legal Sportsbooks online. According to the press release, it seems that 16 US states pass legislation. However, another 8 states are waiting to launch legal sports betting. According to Morgan Stanley, they estimate the United States sports betting market brings in over forty hundred billion dollars. Additionally, they estimate over forty-four million United States residents that place real money bets every year.

David Wang is the Chief Executive Officer that establishes Bet.Works. Furthermore, he says “I had the privilege of working with Jay in the past and his 25 years of sportsbook operations will help take the company to the next level.

Jay Rood makes a comment after taking the positon as The Chief Risk Officer at Bet.Works, He says “I am excited to be joining a group of extremely experienced and talented individuals at Bet.Works focusing on servicing the emerging sports betting industry with unique and powerful technology and a team that has extensive knowledge in the US betting market.