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November 14, 2024

Q3 online growth fails to offset continued land-based decline in Sweden

Gambling revenue in Sweden hit SEK6.66 billion (£477 million/€574 million/$605 million) in Q3, with growth in the igaming segment failing to offset declines in land-based.

Revenue was 1.3% behind the SEK6.74 billion recorded during Q3 of 2023, Sweden regulator Spelinspektionen reports.

The figure also falls 3.4% short of SEK6.89 billion in Q2 of this year. On top of this, Q3 revenue was the lowest quarterly total since SEK6.58 billion was reported in Sweden in Q1 2023.

Commercial online gambling remains the primary source of gambling revenue in the country by some distance. During Q3, SEK4.33 billion of revenue was reported for this segment, a year-on-year increase of 1.5%. This includes internet-based casino and sports betting activity.

Land-based declines hit Sweden in Q3

However, declines were reported across almost all other sectors of the market. Revenue was down in many core land-based segments, with Svenska Spel’s Casino Cosmopol hit with a 76.5% revenue decline to SEK31 mi..

November 4, 2024

Online growth fails to halt Denmark gambling revenue decline in September

Gambling revenue in Denmark fell 2.8% year-on-year in September as growth within the country’s online sector failed to offset declines elsewhere in the market.

Revenue for September was DKK533 million (£62 million/€74 million/$81 million), data from Denmark regulator Spillemyndigheden shows. This falls short of DKK569 million last year and is also 3.2% less than August’s total.

Online casino gaming remains the primary source of revenue in Denmark by some distance. For September, revenue topped DKK288 million, up 12.1% from the previous year but short of DKK299 million in August.

Some 77.1% of all online casino revenue came from slot machines. Blackjack and roulette each accounted for 6.7% of revenue in this sector, poker 3.6%, bingo 3.1% and other games 2.7%.

Sports betting revenue down 21.7% in Denmark

However, as was the case in August, revenue fell across all other verticals and channels in Denmark. Sports betting saw the biggest decline, with September’s DKK144 million haul 21..

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..

August 9, 2024

Online slots growth pushes Lithuania gambling revenue to €116m in H1

Gambling revenue in Lithuania increased 12.6% year-on-year to €116.0m (£99.3m/$126.7m) in H1 with a strong online performance mitigating a decline in land-based revenue.
Figures from the Lithuania Gaming Control Authority show H1 revenue was clear of the €108.5m reported in the same period last year.

Starting with the online market, revenue for the channel climbed 12.5% year-on-year to €72.2m. Player spending increased by 8.7% to €1.05bn, winning $973.1m in the process.

Slots reign supreme in Lithuania online gambling market
Category A online slots – games with unlimited winnings – were undoubtedly the star of the show in H1. These slots generated €53.5m in revenue, more than any other segment across both the online and land-based market in Lithuania. Player spending on these machines also hit a market-high of €627.7m, up 6.2%.

For Category B online slots, with maximum stakes of LTL1 (€0.3) and wins limited to 200 times customer bets, revenue was flat at €1.8m in H1. In addition, o..

May 30, 2024

Nevada gambling revenue declines again in April

Total gambling revenue in Nevada amounted to $1.24bn (£977.0m/€1.15bn) during April, an increase on last year but the second consecutive month of decline in the Silver State.

The monthly total was 6.9% ahead of $1.16bn in April last year but 3.9% less than $1.29bn in Nevada in March this year. March was also lower than February’s total, with February having been boosted by Nevada’s hosting of the NFL’s Super Bowl.

Once again, slots proved to be the primary source of revenue for operators, generating a total of $886.8m. This is 5.9% higher than in April last year. Multi-denomination slots drew the most revenue at $586.8m during the month, a rise of 26.4%.

High-stakes slots also saw more revenue, with increases across both $25 (up 137.6%) and $100 machines (up 14.5%). In contrast, revenue from all lower-stakes machines was down year-on-year.

Blackjack and baccarat drive growth

Looking elsewhere in Nevada, revenue from table, counter and card games – including sports betting – climb..

February 14, 2024

Detroit casino revenue down 8.8% year-on-year

Detroit, Michigan's three casinos recorded $94.4m (£75.2m/ €88.0m) in revenue for January.

This marked a dip of 8.8% from January 2023. In total, $93.9m came from table games and slots, while $500,221 was generated by retail sports betting.

The overall revenue also fell month-on-month, trickling down by 18.8% from Detroit’s December report.

In terms of market share, MGM held 48% in January. MotorCity held 30%, while Hollywood Casino at Greektown took up 22%.

Table games and slots revenue

Looking at revenue from table games and slots specifically, it fell by 9.1% compared to January 2023 and 15.7% from December 2023.

Detroit’s casinos also recorded drops in gaming revenue year-on-year. Revenue at MGM decreased by 11.3% compared to January 2023, while revenue at MotorCity dipped 10.4% to $27.1m. Hollywood Casino at Greektown recorded a dip of 2.0% to $22.2m.

Things were similar when looking at the month-on-month comparisons. MGM gaming revenue fell 11.8% and MotorCity gaming ..

January 5, 2024

Portugal sets €215.3m online gambling revenue record in Q3

Online gambling revenue in Portugal hit a new quarterly high of €215.3m (£185.6m/$235.4m) in Q3, helped by record figures from the igaming segment.

Total market revenue in the three months to 30 September 2023 surpassed the existing record of €122.0m, which was set in Q2, by 4.6%. The Q3 figure was also 36.1% higher than €158.2m in Portugal in the same period in 2022.

PORTUGAL’S PREVIOUS RECORD WAS €122.0m SET IN Q2 2023

Some €133.4m of revenue in Q3 came from online games of chance, up 50.5% year-on-year. This was a new segment record and also represented 62.0% of all online gambling revenue in the quarter.

Consumers spent €3.65bn on this form of gambling in Q3, up 47.2% and another new record for Portugal. Slots accounted for 82.3% of this total spend, with French roulette at 6.4% and blackjack 6.2%.

Portugal online sports betting revenue continues to decline

The overall increase in online revenue in Portugal comes despite an ongoing decline within the sports betting market.

December 19, 2023

BetMGM and NHL announce multi-year extension to partnership

BetMGM will continue to be an official sports betting partner of the National Hockey League (NHL) after penning a multi-year extension.

The renewal, announced on Tuesday, will see BetMGM continue to use NHL imagery on its casino games and have “significant branding” visible on nationally televised broadcasts.

BetMGM signed the initial deal in 2018. In April 2022, BetMGM joined FanDuel in expanding its partnership with the NHL. This move was announced in the wake of Ontario launching its sports betting market, allowing BetMGM to expand into Canada for the first time.

BetMGM chief executive Adam Greenblatt is excited for the continuation of the partnership, saying: “Our partnership extension with the NHL enables us to enhance the BetMGM product and offer fans unforgettable entertainment built around the game they love.

“The NHL is more thrilling than ever – a symphony of athleticism, teamwork and skill on skates. We look forward to bringing our customers exceptional live experiences ..

December 1, 2023

Nevada gambling revenue exceeds $1.3bn in October

Gambling revenue in Nevada increased 3.1% year-on-year to $1.32bn (£1.04bn/€1.21bn) in October, helped by growth across multi-denomination slots, baccarat and sports pool betting.

Revenue was ahead of $1.28bn in October 2022 and also 3.9% more than $1.27bn in Nevada in September this year. It was also the best October revenue total in the history of the state’s market.

Slots drew the lion’s share of revenue, generating $894.9m in revenue in October. This was 2.0% higher than in the same month last year.

Multi-denomination slots were the single highest revenue source with $527.8m for the month, up 16.3%. Incidentally, almost all other slot games reported a decline in revenue, including penny slots, with revenue dropping 11.7% to $271.9m

Baccarat growth continues in Nevada

Figures released by the Nevada Gaming Control Board showed table, counter and card game revenue edged up 4.2% to $420.3m. This was helped by ongoing growth within the baccarat segment, with revenue jumping 35.3% t..

November 10, 2023

Lithuania revenue up to €161m in first nine months after online growth

Gross gambling revenue (GGR) in Lithuania increased by 15.2% year-on-year to €161.0m (£140.8m/$172.1m) during the nine months to 30 September, driven by growth within the remote gambling sector.

Revenue was comfortably higher than the $139.8m reported in the same period last year. The Gaming Control Authority, which regulates gambling in Lithuania, recorded growth across both the online and land-based markets.

Remote gambling led the way with €107.0m in GGR, up 24.4% from €86.0m last year. Land-based gambling GGR also edged up 0.4% to €54.0m for the period.

Lithuania online slots revenue exceeds €72m

Online slot machines generated the most revenue during the nine-month period. GGR from Category A online slots reached $69.5m, up 33.7%, while Category B slots GGR increased 18.2% to €2.6m.

Total GGR from online slot machines for the reporting period amounted to €72.1m.

As for other online revenue, sports betting revenue fell 1.1% to €26.1m but table games GGR climbed 63.0% to €8.8m…

March 29, 2023

Italy’s igaming revenue dominated by casino and slots in December

Italy's igaming revenue continued its slow decline, even with casino and slots experiencing a big increase at the end of 2022.

Italy’s igaming revenue experienced a subtle decline, with December’s revenue of €315.8m showing a 2% decrease compared to the previous month. Despite this, there was a 1.2% increase year-on-year, indicating a stable increase in the industry.

Both retail sports betting and online sports were reflected in this decline, but the remaining products picked up from the previous month.

The stand out of the sectors was casino & slots, which witnessed an impressive 17% increase by reaching €206.1m revenue in December, compared to its €176.1m revenue in November.

In terms of market share, casino & slots dominated with the largest increase in market share, and online sports betting lost almost a third of its market share from November. Meanwhile, Lottomatica/Goldbet maintained its position as the leader in the online casino industry with a 12.4% market share, wh..

February 20, 2023

Italy’s sports betting revenue dipped in the lead-up to the Fifa World Cup

Italy's igaming revenue in November dipped slightly to €322.5m in the lead-up to the Fifa World Cup, down from October’s revenue of €331.1m.

Since pushing past the €300m barrier in September 2022, Italy’s igaming revenue has remained relatively stable. Although November’s revenue of €322.5m does represent a 2.6% decline month-on-month, this is still a 6.0% increase year-on-year. The decline was mostly consistent across all verticals, although sports betting’s decline of 4.3% was the biggest drop for November, with revenue of €126.3m.

However, online sports betting still fared better than retail sports betting, which suffered a decline of 16.4% month-on-month, which is a decrease in revenue from €88.6m in October to €74.1m in November.

In contrast to the betting figures, casino revenues only dropped by 2.1% from €180.0m to €176.1m.

The market shares of online casino operators by GGR remained relatively stable in November, with Eurobet being the biggest mover as it was unable to..

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