ODDSworks Expands U.S. iGaming Presence as Caesars Considers Digital Spin-Off

Chicago-based ODDSworks has strengthened its position in the U.S. online gaming market by launching its iGaming content on Caesars Entertainment’s digital platforms. Players in New Jersey, Michigan, Pennsylvania, and West Virginia can now access a fresh selection of games across Caesars Palace Online Casino, Horseshoe Online Casino, and Caesars Sportsbook & Casino.

In the first phase of this partnership, gamers at Caesars will be able to access games developed by ODDSworks, including slots and casino games from Galaxy Gaming, Yellow Bat Games, 2By2 Gaming, and Konquer Games. The selection will be expanded even further with games from Habanero, Goldenspin, RAW, and Incredible Technologies, a land-based slot producer headquartered in the United States. This will ensure that there is a consistent volume of new content.

Kunal Mishra, COO and Chief Strategy Officer of ODDSworks, welcomed the collaboration as a “major milestone,” stressing that ODDSworks’ alignment with Caesars strengthens its position in the U.S. iGaming sector.  Caesars Digital’s Senior Vice President Matt Sunderland added that the deal enhances the company’s game portfolio, giving players even more variety across its platforms in various markets.

Caesars’ Digital Spin-Off Speculation

The timing of ODDSworks’ expansion aligns with Caesars Entertainment’s increasing focus on its digital segment. CEO Tom Reeg recently told investors that the company is considering splitting off its online gaming division into a separate publicly traded entity, citing concerns that its digital assets—including online sports betting and iGaming—are undervalued when combined with its traditional casino business.

Caesars’ digital division generated $1.16 billion in net revenue in 2024, accounting for roughly 10% of the company’s total revenue, up from 8% the previous year. Adjusted EBITDA for the segment surged from $38 million in 2023 to $117 million in 2024, driven largely by a 60% increase in iGaming revenue.

Despite the growth, Caesars lags behind industry leaders FanDuel and DraftKings in sportsbook market share. The company remains in a close contest with BetMGM and Fanatics for third place in the sector. According to the American Gaming Association, U.S. sports betting revenue reached a record $13.71 billion in 2024, reflecting the increasing importance of digital gaming to casino operators.

While Caesars’ stock remained relatively flat following the announcement, a potential spin-off of its digital business could attract investors seeking exposure to the high-growth iGaming market.