First Ever Cash-Out Slots Introduced in NJ
For the first time ever in the United States, online casino players can now enjoy cash-out slots, but you have to live in New Jersey or a state such as Delaware or Nevada that permit pooling of players.
Colossus Fracpot is the latest slot product from New Jersey-licensed online gambling firm Betfair.
The US giant has partnered with leading gaming provider Game Account Network (GAN) and cash-out pioneer Colossus Bets, bringing cash-out to the US market for the first time ever across any gaming vertical.
Where traditional slots are designed to be an ‘all or nothing’ experience, Colossus Fracpot enables players to cash out their position and bank profits in fractions after each reel resolves. Cash-out functionality delivers phenomenal engagement figures with 91% of players offered a cash-out accepting the offer and 83% of those accepting, cashing out 50% or more of their ‘position’.
First introduced outside the USA to Sky Vegas in 2015, Colossus would go on to become Sky’s second biggest grossing game for that quarter.
Tom O’Halleran, Product Director of GAN said: “Working with Colossus Bets to bring this new slot concept to the New Jersey market has been a great experience. Cash Out is a feature that puts control of the game in the players hands, letting them make choices while the reels are still spinning, driving player engagement and stickiness to have them coming back again and again.”
Bernard Marantelli, CEO and founder of Colossus Bets said: “We are thrilled to be bringing Cash Out into the US and even more so with Betfair, a long-standing and successful partner in the UK and we now look forward to expanding that partnership across the Atlantic. We are also extremely excited to team up with GAN on the delivery of this innovation and we look forward to the next phase of our collaboration in the US and throughout Europe.”
- Aaron Goldstein, Gambling911.com
