IGT's stock rallies after 4-year sports betting deal with FanDuel across the U.S.

Shares of International Game Technology PLC /zigman2/quotes/202670793/composite IGT +3.30% rallied 6.5% in premarket trading Monday, after the gaming company announced a sports betting and iGaming agreement with FanDuel Group across the U.S. through September 2024. IGT said the agreement builds on the technology partnership that is currently across nine sates. "IGT's multi-faceted, multi-year PlaySports platform technology and iGaming content agreement with FanDuel Group pairs the leading content and B2B sports betting provider with one of America's most respected sports betting operators to propel an already winning partnership to new levels and create an abundance of opportunity for both parties," said IGT's PlayDigital senior vice president. IGT's stock has dropped 34.1% year to date through Friday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.80% has gained 1.3%.

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International Game Technology PLC

US : U.S.: NYSE

$ 26.29

+0.84 +3.30%

Volume: 477,355

March 21, 2023 1:22p

P/E Ratio

19.55

Dividend Yield

3.04%

Market Cap

$5.15 billion

Rev. per Employee

$391,711

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S&P 500 Index

US : S&P US

3,983.12

+31.55 +0.80%

Volume: 0.00

March 21, 2023 1:22p