TruGolf Partners with D3 Sports Tech to Launch Global Golf Wagering Platform, Taps $84B Market
TruGolf Holdings (NASDAQ: TRUG) has announced a strategic collaboration with D3 Sports Tech to enhance golf simulation experiences through skills-based wagering integration. The partnership aims to create more gamified experiences in TruGolf’s ecosystem by implementing D3’s Digital Wallet with Wagering as a Service, which operates in over 100 countries and is certified by Nevada and New Jersey gaming boards.
The collaboration will enable players to participate in various betting formats like ‘Closest to the Pin’ contests, Nassau, Skins, or Dots games, either locally or remotely. According to Golf Datatech, 84% of golfers are likely to wager on their own golf game while playing. Through D3ST’s enterprise fintech solution, TruGolf can collect up to 15% game admin fee and enhance player engagement through cashless digital wallet transactions.
TruGolf Holdings (NASDAQ: TRUG) ha annunciato una collaborazione strategica con D3 Sports Tech per migliorare le esperienze di simulazione del golf attraverso l’integrazione delle scommesse basate sulle abilità. L’obiettivo dell’alleanza è quello di creare esperienze più gamificate nell’ecosistema di TruGolf implementando il Wallet Digitale di D3 con il servizio di scommesse, che opera in oltre 100 paesi ed è certificato dagli enti di gioco del Nevada e del New Jersey.
Questa collaborazione permetterà ai giocatori di partecipare a vari formati di scommesse come i concorsi ‘Closest to the Pin’, Nassau, Skins o Dots, sia localmente che da remoto. Secondo Golf Datatech, l’84% dei golfisti è propenso a scommettere sulla propria partita mentre gioca. Grazie alla soluzione fintech enterprise di D3ST, TruGolf può raccogliere fino al 15% di commissione sulle amministrazioni di gioco e migliorare il coinvolgimento dei giocatori attraverso transazioni di portafoglio digitale senza contante.
TruGolf Holdings (NASDAQ: TRUG) ha anunciado una colaboración estratégica con D3 Sports Tech para mejorar las experiencias de simulación de golf mediante la integración de apuestas basadas en habilidades. La asociación tiene como objetivo crear experiencias más gamificadas en el ecosistema de TruGolf al implementar la Billetera Digital de D3 con Apuestas como Servicio, que opera en más de 100 países y está certificada por las juntas de juego de Nevada y Nueva Jersey.
La colaboración permitirá a los jugadores participar en varios formatos de apuestas como los concursos ‘Closest to the Pin’, Nassau, Skins o Dots, ya sea localmente o de forma remota. Según Golf Datatech, el 84% de los golfistas es probable que apueste en su propio juego de golf mientras juega. A través de la solución fintech empresarial de D3ST, TruGolf puede cobrar hasta un 15% de comisión en la administración del juego y mejorar el compromiso de los jugadores a través de transacciones de billetera digital sin efectivo.
TruGolf Holdings (NASDAQ: TRUG)는 D3 Sports Tech와 협력하여 기술 기반의 베팅 통합을 통해 골프 시뮬레이션 경험을 향상시키는 전략적 협업을 발표했습니다. 이 파트너십의 목표는 D3의 ‘서비스로서의 베팅’ 디지털 지갑을 도입하여 TruGolf의 생태계에서 더 많은 게임화된 경험을 창출하는 것입니다. 이 서비스는 100개 이상의 국가에서 운영되며, 네바다주와 뉴저지주 도박 위원회의 인증을 받았습니다.
이번 협력으로 선수들은 ‘Closest to the Pin’ 대회, Nassau, Skins 또는 Dots 게임과 같은 다양한 베팅 형식에 참여할 수 있으며, 이는 현지에서든 원격으로든 가능하게 됩니다. Golf Datatech에 따르면, 골퍼의 84%는 플레이 중 자신의 골프 게임에 베팅할 가능성이 높습니다. D3ST의 기업 핀테크 솔루션을 통해 TruGolf는 최대 15%의 게임 관리 수수료를 수집하고 현금 없는 디지털 지갑 거래를 통해 선수의 참여를 향상시킬 수 있습니다.
TruGolf Holdings (NASDAQ: TRUG) a annoncé une collaboration stratégique avec D3 Sports Tech pour améliorer les expériences de simulation de golf par l’intégration de paris basés sur les compétences. L’objectif de ce partenariat est de créer des expériences plus gamifiées dans l’écosystème de TruGolf en mettant en œuvre le portefeuille numérique de D3 avec des paris en tant que service, qui opère dans plus de 100 pays et est certifié par les commissions des jeux du Nevada et du New Jersey.
Cette collaboration permettra aux joueurs de participer à divers formats de paris tels que les concours ‘Closest to the Pin’, Nassau, Skins ou Dots, que ce soit localement ou à distance. Selon Golf Datatech, 84 % des golfeurs sont susceptibles de parier sur leur propre jeu de golf pendant qu’ils jouent. Grâce à la solution fintech d’entreprise de D3ST, TruGolf peut percevoir jusqu’à 15 % de frais d’administration de jeu et accroître l’engagement des joueurs grâce aux transactions sans espèces via le portefeuille numérique.
TruGolf Holdings (NASDAQ: TRUG) hat eine strategische Zusammenarbeit mit D3 Sports Tech angekündigt, um die Golf-Simulationserlebnisse durch die Integration von fähigkeitsbasierten Wetten zu verbessern. Ziel der Partnerschaft ist es, gamifizierte Erlebnisse im TruGolf-Ökosystem zu schaffen, indem D3s Digital Wallet mit Wetten als Dienst implementiert wird, das in über 100 Ländern tätig ist und von den Glücksspielbehörden von Nevada und New Jersey zertifiziert ist.
Die Zusammenarbeit ermöglicht es den Spielern, an verschiedenen Wettformaten wie ‘Closest to the Pin’-Wettbewerben, Nassau, Skins oder Dots-Spielen teilzunehmen, entweder lokal oder aus der Ferne. Laut Golf Datatech neigen 84 % der Golfspieler dazu, während des Spiels auf ihr eigenes Golfspiel zu wetten. Durch die Unternehmens-Fintech-Lösung von D3ST kann TruGolf eine Verwaltungsgebühr von bis zu 15 % für Spiele erheben und die Spielerbindung durch bargeldlose digitale Geldbörsen-Transaktionen erhöhen.
Positive
- Partnership enables revenue generation through 15% game admin fee on wagers
- Expansion into 100+ countries and 46 US states through D3’s certified platform
- Integration of new revenue streams through digital wallet and e-commerce capabilities
- Market validation with 84% of golfers likely to wager on their games
Insights
The strategic collaboration between TruGolf and D3 Sports Tech represents a significant revenue diversification opportunity. The integration of skills-based wagering could generate substantial recurring revenue through the 15% game admin fee on wagers. With 84% of golfers likely to wager on their games, this creates a compelling monetization channel for TruGolf’s
The partnership’s value proposition extends beyond direct wagering revenue. D3’s digital wallet infrastructure enables a closed-loop payment ecosystem, potentially increasing user retention and creating additional monetization opportunities through in-app purchases and e-commerce. The regulatory compliance across 46 US states and 100 countries significantly de-risks the expansion strategy while providing immediate scale.
For retail investors, this move positions TruGolf to capture a larger share of the growing golf simulation market by adding a proven engagement driver. The integration of IBM’s watson.ai suggests potential for sophisticated matchmaking and skill-based pairing systems, which could further drive platform adoption and user retention.
The implementation of D3’s Digital Wallet with Wagering as a Service through three APIs represents a lean integration approach that minimizes technical debt while maximizing market reach. The certification by Nevada and New Jersey gaming boards provides important regulatory legitimacy, essential for operating in the highly regulated gambling space.
The real-time settlement capability enables immediate fund availability across TruGolf’s ecosystem, potentially accelerating transaction velocity and improving working capital efficiency. The cashless digital wallet system not only reduces operational costs but also provides valuable transaction data for personalization and risk management.
This infrastructure positions TruGolf to capture a significant portion of the informal golf betting market in a compliant, scalable manner. The ability to facilitate both in-person and remote wagering addresses a key market gap while the loyalty program integration creates additional customer retention mechanisms.
Salt Lake City, Utah, Dec. 20, 2024 (GLOBE NEWSWIRE) — TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, is excited to announce it has entered into a letter of intent to create a strategic collaboration with D3 Sports Tech, a pioneer in peer-to-peer skills-based wagering for sports. This collaboration will focus on innovations to enhance gameplay with more realistic and exciting experiences.
By leveraging D3 Sports Tech’s expertise in skills-based wagering and compliance, TruGolf intends to create more gamified experiences throughout its ecosystem for golf and multisport arcade games and franchises. The collaboration partnership will also elevate TruGolf’s advanced game and player data analytics to provide insights that increase engagement to ultimately provide more exciting virtual experiences that surpass what can be done out on the course.
“Golfers want to ‘play for something,’ just like when they are out on the course,” said Nate Larsen, CXO of TruGolf. “Having something on the line, whether it’s a beverage after the round or cash, makes the whole experience more meaningful, win or lose. We are thrilled to join forces with D3 Sports Tech to bring new features to our game challenges and provide all our users with an even more immersive and rewarding experience.”
Golf Datatech reports, “There is no participation sport in the United States that is as closely connected with wagering than the game of golf,” said John Krzynowek, co-founder of Golf Datatech. “Most recreational golfers wouldn’t consider playing a round of golf with friends without some kind of bet on the outcome, whether it was for a beer, a
D3 Sports Tech specializes in turn-key digital wallet solutions that provide the required FinTech legal compliance for skills-based gaming with cash payouts in over 100 countries. Their state-of-the-art Digital Wallet with Wagering as a Service will be seamlessly integrated into TruGolf’s simulators through 3 simple APIs that ensure reliable and compliant challenges for real-money. D3’s solution has been certified by both the Nevada and New Jersey gaming boards which ensures Players can legally challenge others and play for something like they do on course, with the added benefit of using those funds to spend immediately in real time across TruGolf’s ecosystem. Players will be able to join a ‘Closest to the Pin’ contest against friends in the room, or across the globe. They will be able to play side games like Nassau, Skins, or Dots in person, or remotely with a friend on the other side of the country.
“We are excited to partner with the team at TruGolf,” said Tom Naramore, CEO of D3 Sports Tech. “Their advances in technology that provide more realistic experiences, together with their use of AI through watson.ai technology from IBM, complements our vision for the future where we are having more fun and leveraging technology for more immersive experiences.
“Both companies are committed to delivering what no one thought possible in golf simulation technology just a few short years ago. D3 Sports Tech’s patent pending digital wallet services & compliance engine will enable TruGolf to operate tournaments, contests and challenges in over 100 countries including 46 US states. This collaboration will bring a new level of player engagement and revenue and loyalty to TruGolf’s brand, helping golfers of all levels improve their game and enjoy the sport even more.” added Naramore. With the D3ST enterprise fintech solution, TruGolf can collect up to a
About TruGolf Holdings
TruGolf is a golf technology company, committed to making golf, easy. From innovative uses for AI to build content and enhance its image and spatial analysis, to gamified golf improvement plans, TruGolf is an industry leader in the growing technological revolution in the sport of golf. Since its founding, TruGolf has redefined what is possible in golf through technology. TruGolf’s suite of Hardware, Software, and Web Products make it easier to Play, Improve, and Enjoy the game of golf.
About D3 Sports Tech
D3ST is a B2B sports tech development company that builds products that allows for players to compete and play for something. Since the company’s inception in 2018, they have focused on their technology for golf wagering and fan engagement. In 2023 they built a licensable digital wallet for wagering, allowing any skill-based game to settle wagers legally.
Forward-Looking Statements
Some of the statements in this release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the timing and completion of the reverse split. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”projects,” ”intends,” ”potential,” ”may,” ”could,” ”might,” ”will,” ”should,” ”approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained in the Company’s reports filed with the SEC, which are available on the SEC’s website, www.sec.gov.
For more information about the partnership and upcoming innovations, please visit TruGolf.com and D3SportsTech.com.
Media Contacts:
TruGolf: Michael Bacal: Phone: 917-886-9071; mbacal@darrowir.com Web: TruGolf.com LinkedIn: @TruGolf
D3 Sports Tech Scott Keith, Chief Marketing Officer Phone: 833-926-2238 Web: D3SportsTech.com LinkedIn: @d3-sports-tech
FAQ
What is the revenue potential for TRUG from the D3 Sports Tech partnership?
TruGolf can collect up to 15% game admin fee through D3ST’s enterprise fintech solution, plus additional revenue from e-commerce through the digital wallet system.
How many countries will TRUG’s wagering features be available in?
The wagering features will be available in over 100 countries, including 46 US states, through D3 Sports Tech’s certified platform.
What types of wagering games will be available on TRUG’s platform?
Players will be able to participate in ‘Closest to the Pin’ contests, Nassau, Skins, and Dots games, either in person or remotely.
Is TRUG’s wagering platform legally compliant?
Yes, D3’s solution is certified by both Nevada and New Jersey gaming boards, ensuring legal compliance for skills-based gaming with cash payouts.
What percentage of golfers are likely to use TRUG’s wagering features?
According to Golf Datatech’s 2022 study, 84% of golfers are likely to wager on their own golf game while playing.
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