- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
PrizePicks Teams up with Prizeout to Boost DFS Winnings
PrizePicks has teamed up with Prizeout, a withdrawal marketplace, to boost the value of consumer winnings generated through bets on daily fantasy sports.
Prizeout to Boost PrizePicks’ Players Winnings through Voucher Offers
PrizePicks, the biggest independent daily fantasy sports (DFS) betting platform, has announced a new partnership with withdrawal marketplace Prizeout, allowing PrizePicks consumers to quickly convert winnings into digital currencies.
The platform will effectively make it simpler for consumers to access their funds and spend them at numerous retailers and brands. This marks the first time a partnership between a DFS company and a withdrawal marketplace has been forged. This comes on the tail of a new market entry for PrizePicks in Alabama and the company’s growing footprint in Alabama.
Prizeout makes it simple for consumers to access funds in the form of various gift cards to well-established brands, including Domino’s Pizza, DoorDash, and Williams Sonoma. Prizeout both simplifies the process of withdrawal, but it adds additional value on all withdrawals.
The company is estimated to add 11% more value to every cash-out, meaning that iGaming and betting fans can benefit from a massive boost in their overall winnings. Presently, an estimated $10 billion is withdrawn from online gambling brands every year, meaning that Prizeout could create a $1 billion added value.
Creating Consumer-Focused Solutions and Staying Ahead
Commenting on this partnership, PrizePicks CEO Adam Wexler explained that the company tried to stay ahead of competitors and prioritize consumer needs first. “The last thing any platform wants to do is dampen a dynamic customer experience on back end fulfillment,” Wexler said.
He then explained that leading brands should already be looking into creating additional value for their consumers: “Prizeout is addressing an issue that every DFS operator, legalized gambling sites like FanDuel or DraftKings and even emerging NFT marketplaces like NBA Top Shot should be thinking about.”
Through this powerful integration, PrizePicks consumers are not just limited to cashing out their winnings but adding more value to their successful bets and spending them on preferred goods through Prizeout’s vouchers.
Responding to this announcement, Prizeout founder and CEO David Metz said that he was thrilled to be working with PrizePicks and added that his company would continue “keeping members engaged and finding value at every touchpoint.”
PrizePicks concluded a private equity funding round earlier this year, getting backing from established poker professionals as Phil Hellmuth and Jack McClelland.
Related Topics:
Mike made his mark on the industry at a young age as a consultant to companies that would grow to become regulators. Now he dedicates his weekdays to his new project a the lead editor of GamblingNews.com, aiming to educate the masses on the latest developments in the gambling circuit.
Must Read
Business
November 7, 2024
Super Group Q3 Report Shows Africa Focus Is Paying Off
Business
November 7, 2024
Enteractive Appoints Lukasz Zebrowski as Head of Compliance
More Articles
Sports
November 14, 2024
Ohio Senator Proposes Reduction of Sports Betting Tax to 10%
Casino
November 13, 2024
Tysons Casino Proponent to Introduce New Bill in January
Industry
November 13, 2024
Seneca Nation Presses for New Gaming Compact with New York State
Casino
November 13, 2024
First-Time Hard Rock Bet Player Wins $137K Jackpot on a $0.80 Bet
Business
November 13, 2024
Sports Betting in North Carolina Picks up Speed in October
Sports
November 13, 2024
Extra Rebound by LeBron James Helps a Fan with Parlay Bet
Legal
November 13, 2024
Ticket Resellers in Nevada Hit by Class Action Lawsuits
Casino
November 13, 2024
Supreme Court Weighs Legal Definition in High-Profile Mob Bookie Case
Casino
November 12, 2024
Petersburg Casino Likely to Affect Other Virginia Gambling Venues
Legal
November 12, 2024
Casino Crime Update: From Robbery to Gambling Rings
Legal
November 12, 2024
Ex-Aide to Corrupt LA Politician Escapes Prison Sentence
Casino
November 12, 2024
Gold Coast Casino Guest Hits $20K Jackpot with $0.88 Bet
Industry
November 12, 2024
Sault Tribe of Chippewa Indians’ Kewadin Casinos Go Smoke-Free