EveryMatrix and DraftKings Ink a New Partnership in Ontario

The leading iGaming solutions supplier, EveryMatrix, has successfully made its much-anticipated entry into Ontario. The debut is courtesy of a struck partnership with DraftKings, a world-class casino gambling, sports betting, and daily fantasy sports operator. This expansion comes at a period of record growth for EveryMatrix and solidifies its position as a key player in North America.

The collaboration will allow Ontarians to enjoy a diverse portfolio of gaming products and services through EveryMatrix’s B2B aggregation and in-house studios. DraftKings seeks to leverage the supplier’s avant-garde technology and extensive experience to conquer the market.

North American Market Expansion

Entering the Ontario market is a significant step in a grand plan by EveryMatrix to capitalize on potential growth opportunities in North America. The supplier is now live in five US states: Michigan, New Jersey, West Virginia, Pennsylvania, and Connecticut. These debuts have all been made this year, a testament to the company’s commitment to full market penetration. Currently, EveryMatrix boasts over 300 global customers with North American gaming licenses.

Like in these regions, Ontario is expected to enjoy a full range of iGaming indulgences from its in-house studios through its B2B aggregation and content provision platform, SlotMatrix.

Co-founder and President of DraftKings, Matt Kalish, expressed his enthusiasm for the venture, stating, “We are excited to partner with EveryMatrix as we make our debit in Ontario. EveryMatrix’s expertise and technology will be instrumental in helping us deliver a world-class gaming experience to players in the province.”

Substantial Financial Growth for EveryMatrix

The Ontario iGaming market expansion comes at a time of unprecedented financial growth for EveryMatrix to complement its geographic expansion. In Q4 of 2024, the supplier recorded a staggering 59% profit margin by achieving a quarterly net revenue of €42.4 million.

Significant market expansion in the US has seen EveryMatrix close its 5th consecutive quarter where revenue and profit margins are over 50%. The launch of OddsMatrix, a sportsbook platform, has also contributed to its high revenue and laid the foundation for a bigger market share globally.

The Way Forward

EveryMatrix is not slowing down with its strategic expansions in North America and other global markets. The supplier is well-positioned to continue enjoying peak financial performance. Its innovative B2B solutions and strong partnerships with market leaders like DraftKings are likely to propel its success even further.