Sportradar named Data Service Provider of the Year at American Gambling Awards

Sports technology company Sportradar has been named the Data Service Provider of the Year at the 2022 edition of Group’s American Gambling Awards.

The global company is an official partner of numerous leagues and federations, including the NBA, NHL, MLB, NASCAR, UEFA, FIFA, ICC and ITF, covering more than 890,000 events each year across 92 sports. Sportradar handles up to 30 million odds changes per minute, covering 40 languages, with 99.9% proven accuracy.

The company’s data offering “is of a unique breadth and depth, which is why it is the most popular live-odds service in the industry – supplying data to 98% of sportsbooks in the United States and more than 900 global sports betting operators,” Group stated. 

Charles Gillespie, Chief Executive Officer of Group, said: “Sportradar has long been the preferred choice by operators when it comes to official data and live odds, and is very deserving of receiving the Data Service Provider of the Year award. Sportradar continues to set the standard in the online gaming industry.”

Eduard Blonk, Chief Commercial Officer of Sportradar, added: “Sportradar is honored to be named the Data Service Provider of the Year and receive the highly coveted Golden Eagle trophy from and the American Gambling Awards. This award is a recognition of the excellent service we offer to our customers and provides further testimony to the industry-leading work we have done this past year.”

Last week, Sportradar announced its financial results for the third quarter of the year. For the period ended September 30, the business delivered a 31% revenue increase to €178.8 million ($175.2 million) compared to Q3 2021. Year-to-date revenue for the year has grown by 28% when paired against the same nine months in 2021.

The US segment posted revenue increased 61% year-over-year, achieving first-time profitability in the third quarter; while the Rest of World Betting business drove strong organic growth and a high Adjusted EBITDA margin. As a result, the company has now raised guidance for revenue and narrowed the Adjusted EBITDA range for the full year of 2022.