Gaming – Page 2 – Bookielink

October 21, 2024

Michigan falls just short of online betting and igaming records in September

Michigan narrowly missed out on new online sports betting and igaming revenue records in September, with the month proving to be the second-best in the Wolverine State’s history.
Figures from the Michigan Gaming Control Board (MGCB) show combined online betting and igaming revenue in September hit $261.0m (£200.2m/€240.4m). Reported as ‘gross receipts’, this is 24.1% higher than last year and 16.5% ahead of August.

Adjusted gross receipts, which account for promotional spending in Michigan, was $209.9m. This beat last year’s total by 24.6% and was also 2.5% more than August.

Michigan igaming revenue surpasses $200m in September
Igaming accounted for $202.6m of all online gambling revenue in September. The amount is 21.8% more than last year and only the second-highest monthly amount on record behind $215.5m in March.

It was only the second time in the market’s history that monthly revenue surpassed the $200.0m milestone. Adjusted gross receipts from igaming were also 21.7% higher ye..

October 18, 2024

State of the Union: Industry, CFG fight over cannibalisation, Bally Bet launches in TN

Welcome to iGB's State of the Union, a look at the biggest North American sports betting stories we've covered over the week and briefs on others we found interesting.
iDEA report refutes previous NJ economic impact study
The iDevelopment and Economic Association (iDEA Growth) this week released a report that refutes a 2023 study about the economic impact of online gambling in New Jersey. The previous report, by the NERA Consulting Group, itself questioned findings from a 2019 report on the same topic. At issue is just how much of an impact online gambling has had on the economy in New Jersey. The studies also explore the level of cannibalisation caused by online markets.

The iDEA study raised questions about the methodology NERA used.

The 2019 report by Meister Economic Consulting and Victor Strategies found that online gambling contributed $2bn (£1.5bn/€1.84bn) to the Garden State’s economy between 2013 and 2018. The 2023 NERA report, commissioned by the Campaign for F..

October 18, 2024

Pennsylvania: sports betting and igaming growth offset land-based decline in September

Growth across sports betting and igaming helped offset a decline in the land-based market in Pennsylvania during September, allowing the Keystone State to post a 6.2% year-on-year increase in overall monthly gambling revenue.
Revenue for September was $505.9m (£387.9m/€466.5m), according to the Pennsylvania Gaming Control Board (PGCB). This surpasses last year’s total but falls 3.7% short of August this year.

Sports betting was the segment of most growth for Pennsylvania, with adjusted gross revenue rising 46.1% year-on-year to $53.5m. Of this, $47.2m came from online betting and $6.3m wagering via retail sportsbooks across the state.

In terms of player spending, monthly handle reached $811.3m, some 11.7% more than in the same month last year. This resulted in a state-wide hold on taxable revenue of 6.59% for September.

Focusing on operators, FanDuel and partner Valley Forge Casino Resort remain the runaway leaders in Pennsylvania. Revenue for the month reached $27.4m off $320.5m i..

October 18, 2024

New Jersey smashes igaming revenue record again in September

Online gambling revenue in New Jersey reached a new record high for the second straight month in September, while the Garden State also saw year-on-year growth in the sports betting market.
Total gambling revenue across online and retail in New Jersey hit $558.3m (£428.2m/€515.2m) in September. This is 7.1% ahead of last year and 0.6% more than August this year, according to the New Jersey Division of Gaming Enforcement.

Once again, the highlight for New Jersey in September was igaming, with revenue here up 27.1% year-on-year to $208.1m. This surpassed the existing record of €198.4m, which was set in August.

Revenue from content classed as ‘other authorised games’, including online slots and table games, jumped 27.6% to $205.9m. However, online poker revenue slipped 6.9% to $2.2m.

DraftKings remains the leading igaming operator with $45.8m in revenue for September. It was closely followed by long-time rival FanDuel on $45.3m. BetMGM also had a successful month with $26m.

As for mas..

October 18, 2024

Digital growth pushes year-to-date revenue to €2.10bn at FDJ

La Française des Jeux (FDJ) has reported an 11.9% year-on-year increase in revenue for its financial year-to-date, driven by growth within its digital business, while the group has set out full-year expectations after completing its acquisition of Kindred.
Publishing figures for the nine months to September, FDJ said revenue amounted to €2.01bn (£1.67bn/$2.18bn). This includes lottery, sports betting and igaming operations, as well as international and payment services.

The French monopoly operator reported growth across all areas of the business, although it saw the largest rise within its sports betting and igaming segments.

“FDJ continues to deliver a solid financial and non-financial performance,” FDJ chairwoman and CEO Stéphane Pallez said.

“This performance was driven both by the lottery and by sports betting and online gaming open to competition and by all our distribution channels, with a network of points of sale in progression and strong momentum from digital games.”

Grou..

October 17, 2024

AGCO fines NorthStar Gaming CA$30,000 for geolocation fail

NorthStar Gaming's NorthStarbets.ca is available to consumers outside of Ontario, the Alcohol and Gaming Commission of Ontario (AGCO) discovered. In a Wednesday (16 October) press release, the agency announced that it is fining NorthStar CA$30,000 (US$21,741/£16,712/€20,082)) for the violation.
Wagering and igaming platforms in Ontario are required to use geolocation services to ensure customers are located within the province. In August 2021 the Canadian government announced it was decriminalising single-event wagering. Ontario so far is the only province in which commercial online gambling is available.

Other provinces offer digital gambling through their lotteries, but do not yet have open, competitive markets. The expectation is that the next province to launch digital gambling will be Alberta.

According to the AGCO, it discovered the violation during a “third-party assessment” earlier this year. “Tests were conducted from physical locations in Quebec and New York state t..

October 17, 2024

Bovada may feel hit of exiting US markets more for igaming than wagering

Analysing the financial blow to the offshore operator now that it is blocked in 15 jurisdictions.
Bovada could see a significant financial impact from 15 US markets – and counting – sending it cease-and-desist letters.

But maybe not in the way you would expect, according to one gambling expert.

Massachusetts recently sent a cease-and-desist letter to Bovada, the offshore betting megasite, joining Kansas, Pennsylvania and Louisiana as recent additions to its list of restricted markets. Anyone can find that list on its website under the “Which Countries are Restricted?” section – which only includes US markets and no other locations around the world.

These are the markets on that list (Massachusetts isn’t on there yet, but it should be soon):

Colorado
Connecticut
Delaware
Kansas
Louisiana
Maryland
Michigan
Nevada
New York
New Jersey
Ohio
Pennsylvania
Washington, DC
West Virginia

68% of regulated US sports betting market
The American Gaming Association estimated that Americans bet $6..

October 15, 2024

Presidential politics could alter gambling expansion landscape in multiple states including Texas

Three weeks from today, US voters will elect a new president. Whoever the winner is, there's likely to be a change in the gambling political landscape in multiple states.
Should Donald Trump become president, there are at least two states – Arkansas and Texas – that could be most affected when it comes to gambling expansions. And if Kamala Harris wins the election, there are another two states in which change could moderately affect the current gambling climate.

Trump could tap Texas governor Greg Abbott or lieutenant-governor Dan Patrick for his cabinet. Either one of those appointments is a potential game changer in the second-biggest state in the US. And in Arkansas, Governor Sarah Huckabee Sanders is a former Trump White House press secretary, so it seems possible that she would be on a short list for another appointment.

Harris’ running mate, Tim Walz, is the current governor of Minnesota. Walz has been supportive of an expansion of gambling and that likely wouldn’t chan..

October 15, 2024

US sports betting round-up: Indiana, Iowa and Delaware in September

Rounding up some of the latest monthly sports betting results in the US, iGB takes a look at how Indiana, Iowa and Delaware performed in September. Delaware also reported igaming numbers.
Revenue and handle growth in Indiana
Starting in Indiana, consumers spent $483.8m (£369.5m/€443.5m) betting on sports during September. This is 19.7% more than the same month last year and 57.1% ahead of August this year.

American football drew the most sports bets at $175.4m, driven by the start of the NFL and college football seasons. Baseball ranked second with $54.5m, while parlay bets totalled $164.4m.

The Indiana Gaming Commission also reported taxable adjusted gross revenue (AGR) in September reached $53.0m. This beats last year’s total by 29.0% and August by 65.1%.

As such, Indiana was left with a state-wide hold of 10.95% for the month.

DraftKings remains the market leader. It posted $19.3m in revenue off a $190.3m handle for a hold of 10.14%. FanDuel remains second with $18.2m from $148..

October 14, 2024

Weekend Report: Bet365 enters Peru, South Korean celebrities caught up in illegal betting case

Welcome to the Weekend Report, where iGB looks at the news that you may have missed across Friday, Saturday and Sunday. This week: Bet365 launches in Peru, a Pakistan cricket legend is under fire for new ambassador role and South Korean celebrities are swept up in illegal gambling.
Pakistan cricket legend faces backlash over betting ambassador role
Starting in Asia, Pakistan cricket captain Wasim Akram has come under fire for taking on a new betting ambassador role with Baji.

India-facing Baji offers online sports betting and casino and has enlisted several celebrities to help promote its services. Akram is among those to come on board despite Pakistan having placed restrictions on promoting gambling.

Fans took to social media to criticise Akram after he shared a promotional video on social media. Questions were also raised as to why Akram is working with an operator that is not licensed in Pakistan.

Bet365 makes Peru move
Meanwhile, in South America, Bet365 has announced the launc..

October 8, 2024

G2E: When it comes to integrity, industry should “celebrate its wins”

In 2023, 10 NFL players were suspended for violating league gambling rules and a college baseball scandal involving insider information was uncovered. An outcry questioning the legal industry followed. But those who specialise in integrity monitoring say that instead, the industry – and others – should celebrate.
“Let’s not fool ourselves – matching fixing and integrity issues aren’t new,” Jim Brown, head of integrity services & harm prevention in North America for Sportradar, said. “This brings better protections.”

The NFL and NCAA examples were among many in 2023 and 2024 that involved the gambling industry policing itself and uncovering banned or illegal activity.

Brown was speaking as part of the ‘Tackling Match Fixing: Gaming and Global Sports Cooperation’ panel at G2E in Las Vegas on Monday (7 October). Jess Feil, OpenBet VP of regulatory affairs and compliance and Matt Fowler, head of global operations for the International Betting Integrity Association (IBIA), joined Brown a..

October 8, 2024

Online casino drives Denmark gambling revenue to DKK571m in August

Gross gaming revenue (GGR) in Denmark reached DKK571m (£64.2m/€76.6m/$84.1m) in August as online casino growth offset declines elsewhere in the market.
The August total was 4.3% ahead of last year, according to data from Denmark regulator Spillemyndigheden. It was also 3.1% more than DKK554m in July of this year.

Growth was driven by a 20.8% year-on-year increase in online casino revenue to DKK299m in August.

This was also ahead of July by 5.3% and not far off the all-time monthly revenue record for the vertical. Spillemyndigheden reported DKK309m in online casino GGR in March of this year.

However, all other segments of the Danish market reported declines in August. The largest drop came in the sports betting sector, where revenue was 14% lower at DKK147m during the month. This was also 1.3% lower than in July.

Land-based woes continue in Denmark
As for the land-based sector, declines noted in recent months continued in August. Physical slot machine GGR was down 0.2% to DKK96m dur..

January 2025
Mon	Tue	Wed	Thu	Fri	Sat	Sun
		1	2	3	4	5
6	7	8	9	10	11	12
13	14	15	16	17	18	19
20	21	22	23	24	25	26
27	28	29	30	31

Tag: Gaming