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iGB’s principal data partner H2 Gambling Capital provides headline metrics on the global mobile igaming market, with forecasts now extended to 2028.
Last updated 03/10/2023
Sports betting revenue in Rhode Island slipped to $1.4m in August while the state’s handle was also down month-on-month and year-on-year.
Revenue was 53.3% lower than $3.0m in August 2022 and 26.3% behind $1.9m in July this year. This is according to data from the Rhode Island Lottery.
Of this total, mobile betting accounted for $1.2m of all revenue, with $144,099 coming from the retail market. Twin River’s revenue hit $234,649 but a $90,550 loss from Tiverton Casino pushed the total retail figure down.
Sports betting handle hits $22.5m
Turning to player spending and sports betting, handle in Rhode Island for the month reached $22.5m. This was 18.8% lower than $27.7m last year but 11.4% more than $20.2m in July of this year.
Consumers wagered $17.7m online and $4.8m at retail sportsbooks in the two-month period. Twin River took $2.8m in bets at its retail betting facility while Tiverton Casino took $1.9m.
Looking at the state’s performance in its financial year to date, revenue c..
Gambling revenue in Nevada remained level year-on-year in August at $1.21bn, although the US state reported a month-on-month decline.
Revenue was in line with the $1.21bn posted in August 2022. However, this was 14.3% lower than $1.40bn in July in Nevada this year.
Slots drew $829.2m of all revenue in August, down 2.1% on last year. Multi-denomination slot games generated $479.3m in revenue and penny slots $256.9m.
Elsewhere table, counter and card games revenue increased 5.2% to $380.1m. Baccarat led the way with revenue of $116.2m, some 21.0% ahead of $96.7m in August 2022.
Blackjack was the next highest source of revenue across table, counter and card games at $99.1m, down marginally from $100.0m in the previous year. Roulette revenue jumped 20.5% to $39.9m but craps revenue slipped 7.4% to $36.2m.
Nevada sports betting revenue up 12.4%
Turning to sports betting, revenue from sports pool wagering jumped 12.4% to $18.1m. All sports betting is reported as part of table, counter ..
Online gambling revenue in Portugal amounted to a record €205.9m (£179.1m/$217.5m) in the second quarter, driven by growth within the internet casino segment.
Revenue was comfortably higher than €145.2m in Q2 of 2022. The figure was also up 4.9% on the existing record of €196.4m set in Q1 this year.
Online games of chance accounted for €122.0m of all revenue in the quarter, up 51.6% on last year. This was a new record for the segment, according to regulator the Gaming Regulation and Inspection Service (SRIJ).
Players spent €3.24bn on internet casino games during Q1, another new record for Portugal. Slot machines drew 82.5% of all online casino spend, with French roulette at 7.6% and then blackjack on 5.4%.
Turning to sports betting, revenue in this sector reached €84.0m, up 29.8% on 2022 but a slight drop from Q1 this year.
Consumer spending on sports betting reached €357.6m during the quarter. This was 17.1% more than the same period last year but 19.0% lower than in Q2. It was a..
Sports betting spend in Arizona fell for the fourth consecutive month in July to $323.2m, although this was up 11.3% year-on-year.
Monthly handle in Arizona was higher than $290.5m in July last year. However, player spend on sports betting was 17.8% less than $393.2m in June this year.
Of this total, $320.2m was wagered online, while the remaining $2.4m was spent betting at retail sportsbooks across Arizona.
Consumers won a total of $287.9m from sports betting in July. This left $34.6m in adjusted gross event wagering revenue before free bets, up 38.4% on last year and 24.9% ahead of June.
Revenue from online sports betting hit $34.3m, while retail’s shared amounted to $151,222 for the month of July.
Almost $8.0m worth of free bets issued in Arizona
When discounting $7.7m in free bets and promotional credits – almost entirely from online betting – adjusted gross revenue hit $26.8m. This was up 78.7% from $15.0m in July 2022 and 63.4% higher than $16.4m in June this year.
Online ..
Sports betting revenue and handle in New Hampshire both declined year-on-year during August, although player spending was higher month-on-month.
Handle in New Hampshire reached $38.8m in August, down 10.6% from $43.4m for the same month in 2023. However, the total was 5.2% more than the $36.9m spent on sports betting in July this year.
Some $34.8m was spent betting online with DraftKings and $4.0m at retail sportsbooks in the state. DraftKings secured exclusive rights to offer sports betting online via the New Hampshire Lottery in November 2019.
As for gross gaming revenue, this was down both year-on-year and month-on-month in the state.
For August, revenue amounted to $3.4m, a drop of 19.1% from $4.2m last year and 2.9% behind $3.5m in July. Online betting accounted for $3.1m of revenue, with retail’s share at $270,235.
It was also revealed that New Hampshire collected $1.5m in sports betting tax in August.
Year-to-date sports betting spend surpasses $75.0m in New Hampshire
Loo..
Safer gambling measures, slower growth in key markets and sporting results hindered Entain's Q3 performance, although the group remains on track to hit EBITDA guidance.
In a trading update, Entain says online net gaming revenue (NGR) has been mixed across the group in recent weeks. While it still expects to achieve growth during Q3, Entain says that, on aggregate, this will be softer than anticipated.
Third quarter online NGR growth is now expected to rise by a high single-digit percent. However, Entain also says it will likely decline by a high single digit percent on a pro forma basis.
Reasons for this, Entain says, include adverse sports results impacting sports margins during September and slower growth than expected in Australia and Italy. It also noted the impact of safer gambling measures across the group and ongoing regulatory headwinds persisting longer than expected, particularly in the UK.
However, Entain also noted drivers of growth within its online business. The..
Gross gambling revenue in the second quarter in Spain hiked 55.1% year-on-year to €312.6m (£207.0m/$332.6m), with revenue from sports betting more than doubling.
Total revenue in the second quarter was comfortably ahead of last year and also 2.5% higher than €313.3m in Q1. Data for the three-month period has been released by Spain’s regulator, the Directorate General for the Regulation of Gambling (DGOJ).
Casino generated the most GGR in Q2 – €149.9m, up 27.9% from last year and 4.5% ahead of Q1.
Slot machine revenue increased by 29.9% year-on-year, while live roulette GGR was 8.9% higher.
Spanish sports betting revenue rockets in Q2
The sports betting segment reported the largest percentage of growth during the quarter. In the three-month period, GGR reached €133.3m, up 118.9% from last year.
Pre-event sports bet GGR was 1.8% higher than in Q2 and live betting GGR also increased by 3.5%. Horse riding bets jumped 22.7% but other sports bets GGR slipped 15.1%.
Elsewhere, poker G..
Sports wagering handle in Massachusetts reached $314.9m (£254.4m/€295.3m) in August, a month-on-month increase of 6.8%, although revenue in the state declined.
The figure was higher than $294.9m in July, which was the lowest total since Massachusetts launched legal betting in April.
Some $307.2m was spent wagering online, an increase of 6.6% from July. Retail betting was also 13.2% higher at $7.7m for August.
Handle rise fails to halt revenue drop
However, while handle was higher month-on-month, the same could not be said for revenue from sports betting. Total revenue in August hit $22.7m, down 22.8% from $29.4m in July.
Of this total, $22.6m came from online betting, a decline of 21.5% from July. Just $157,782 was generated in retail wagering revenue, down 72.6%.
DraftKings leads in Massachusetts
DraftKings remains the runaway leader, posting $10.8m from $161.9m in bets during August.
FanDuel again placed second with $7.4m off a $79.4m handle, then BetMGM on revenue of $2.4m f..
DraftKings and partner Resorts World led the New Jersey sports wagering market in August, knocking Meadowlands off top spot for the first time since January 2019.
The partnership heralded $56.9m (£45.9m/€53.3m) in August. This was ahead of Meadowlands and partners FanDuel, PointsBet and SuperBook on $25.7m. PointsBet will soon rebrand as Fanatics after the latter completed the acquisition of the PointsBet US business in eight states, including New Jersey.
Total sports betting revenue for the month amounted to $96.0m, representing a 47.1% rise on last year. This was also the sector with the highest percentage of growth in the state in August.
In addition, sports wagering handle in New Jersey hiked 32.7% year-on-year from $546.8m to $725.8m. Of this total, $697.1m was bet online and $28.8m at retail sportsbooks across New Jersey.
Sports betting drives overall market growth in New Jersey
Total gambling revenue in New Jersey hiked 12.9% year-on-year to $531.6m in August. The monthly t..
Consumer spending on igaming in Delaware fell for the third consecutive month in August, while the state reported year-on-year declines across online gambling and sports betting.
Delaware players wagered $32.4m on igaming during the month. This was 12.0% lower than $36.8m in August 2022 and 11.0% down from $36.4m in July. The figure was also the lowest monthly total since $31.9m was bet in May last year.
Video lottery drew $23.3m of all bets in August and table games $9.2m.
Players won $32.4m, meaning revenue from igaming reached $1.1m. This was 15.4% lower than August 2022 and 8.3% behind July’s total this year.
Revenue from video lottery games amounted to $952,437 and table games $122,089. The remaining $32,607 came from poker rake and fees.
Delaware Park remained the igaming market leader with $488,308 in revenue from $14.1m in total wagers. Bally’s Dover followed with $319,237 off $10.2m, then Harrington Raceway on $299,588 from $8.1m.
RSI cliches igaming contract
This comes..
A subsidiary of one of Genius Sports' major shareholders and former owner, Apax Partners LLP, will sell 20,000,000 shares in the business.
The underwriter of the sell-off, Goldman Sachs & Co, will have the option of purchasing an additional 3,000,000 shares worth $18,120,000. The option will end after a 30-day period.
The stock to be sold off is worth – as of close of trading on 13 September – $120.8m (£97.1m/€113.1m).
The total shares on the table represent just over 10% of all of Genius’ 216,627,899 shares.
Following the announcement of the stock sell-off, Genius’ share price has fallen 10.2% to $5.4 per share since trading opened. The supplier will not receive any of the proceeds from the sale.
Former owner opts to sell stock
Apax is the provider’s former owner, having purchased the company from Three Hills Capital Partners in July 2018.
Funds advised by Apax kept hold of the business for over two years prior to Genius going public on the New York Stock Exchange via an ..