Connect with us

Gambling in the USA

New Jersey online gambling revenues soar in July


Visit Wazdan at ICE London at the N7-420 stand

Published

on

New Jersey online gambling revenues soar in July
Reading Time: 3 minutes

New Jersey’s online casinos had a windfall in July, with the revenues soaring to an all-time high. Leading from the front in revenue generation were Borgata and Golden Nugget, with good performance by the new Hard Rock and Ocean online casinos.

Overall, the state’s iGaming revenue for the month touched $25,897,517, with slots and table games contributing $24,048,964 and online poker bringing in $1,848,553. Online casino revenue now accounts for 93 per cent of the state’s online gambling revenue.

Golden Nugget and Borgata soar

While some might surmise that NJ’s two new online casinos, Hard Rock and Ocean, could cannibalise revenue at established competitors, they certainly had little effect on Borgata and Golden Nugget’s bottom line in July.

Last month, Golden Nugget had its best month ever, boasting a win of $9,328,814, over half-a-million dollars more than its previous top month this March. GN, which serves as the umbrella for Betfair and SugarHouse (and soon Churchill Downs), consistently dominates the NJ online casino industry in terms of revenue. This year, it has banked $58,272,651 in total, around $28 million more than Borgata, its closest competitor.

Golden Nugget’s July revenue was nearly 50 per cent more than what it took in during the same time period last year, an astounding feat considering that overall market growth has slowed considerably.

Borgata was the other big winner last month, posting a record high win of $4,463,799, a 42 per cent Y/Y bump.

The licensee, which also counts playMGM and PartyCasino NJ as partners, had its previous best month in May, but eclipsed that amount by nearly $300,000 in July.

All of the casinos under Borgata’s wing launched popular Live Dealer games in May, which could be one of the drivers behind its impressive recent earnings.

Hard Rock and Ocean take their first baby steps

Last month was Hard Rock’s first full month of operation. The newly minted online casino raked in $329,650.

Ocean Casino was not that far behind, with a total take of $249,805, interesting considering that the site only began taking customers in a limited capacity in the middle of the month. If the casino had continued at that rate, and had been in operation for the entire month, it would have actually beat out Hard Rock in July.

Ocean, which lacks the brand recognition that Hard Rock brings to the table, still has some work to do in improving its product. However, the site launched with an eye-popping bonus opportunity, which could have succeeded in bringing in intrigued gamblers.

The welcome bonus package includes a reward of up to $125 free, along with a whopping $10,000 deposit bonus. The previous biggest welcome bonus in the state was through Betfair, which offers a 100 per cent deposit bonus up to $2500.

While great for marketing, players should be aware that the Ocean bonus is not for the faint of heart. To earn the entire amount, gamblers must play a considerable amount, more than the majority of casual players would be capable of.

WSOP.com’s tri-state compact isn’t saving NJ online poker

June was a bright spot for New Jersey online poker, with the state’s three poker licensees contributing for a 1.3 per cent year-over-year growth. The achievement was mainly due to WSOP.com/888, which connected player pools with card players in Delaware and Nevada in May. The ability to share liquidity across states instantly propelled the network to the top spot in NJ, beating out PokerStars for the first time.

Numbers were also inflated due to the hype surrounding the WSOP and the $3.023 million guaranteed Online Championships flagship tournament series, which previously ran separately in Nevada and New Jersey.

In June, however, poker revenue went right back to its downward slide. In total, poker sites took in just $1,848,553 for a 7.9 per cent Y/Y decrease.

It’s becoming increasingly clear that instead of growing the market as a whole, WSOP/888 shared liquidity is simply cannibalizing customers from its competitors.

That said, PokerStars could very well soon take back its position as king of poker in the state, if and when NJ agrees on an interstate compact with Pennsylvania, which legalised the industry last year. The poker behemoth recently revealed a partnership with Mount Airy in the state, and will surely connect player pools with its NJ site if allowed.

Sports betting revenue on the way next month

Next month, we’ll get our first peek at online and mobile sports betting, due to the launch of DraftKings Sportsbook earlier this month. The company was the first to launch a mobile and online sports wagering product in the state, beating out more established competitors. DraftKings is partnered with Resorts Casino.

Sportsbook gross gaming revenue will be reported as the sum of all wagers minus the payouts of winning wagers which were redeemed during the month.

Sporting events which conclude during the timeframe will be included, while winning wager payouts will not be deducted from GGR until events, such as the Super Bowl, are held and the winning wager redeemed.

Advertisement

Kasynos.Online




PINUP CASINO

Gambling in the USA

Gaming Americas Weekly Roundup – January 16-22

Published

on

Reading Time: 2 minutes

Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Betr has officially launched its real money gaming product in Ohio. After a successful soft launch in the state beginning January 1 – Ohio’s first legal day of sports betting – Betr has activated account deposits and withdrawals statewide. The company set a U.S. online sports betting record for fastest launch from company founding to a fully licensed & regulated real money betting product.

Great Canadian Entertainment, Canada’s leader in gaming and hospitality, announced that the brand new 275-room Pickering Casino Resort Hotel is now open and accepting reservations.

Century Casinos Inc. announced that it will attend the Jefferies 12th Annual Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Summit in Bachelor Gulch in Avon, Colorado, USA, on January 23, 2023. Peter Hoetzinger, President & Co CEO, will present the Company and hold one-on-one meetings with selected institutional investors.

Mohegan Sun FanDuel Sportsbook is set to host “The Big Game” viewing party on Sunday February 12 for this year’s Super Bowl. Football fans can catch all the action on the 140-foot wide video wall at the premier sportsbook in the Northeast, while also enjoying a Big Game Buffet, a fantastic drink menu and various betting options for both pre-game and live betting.

PointsBet USA and PointsBet Canada announced they have been approved for accreditation under the RG Check programme, provided by the Responsible Gambling Council.

Partnerships

Gaming Society, the new betting education platform, and the International Gaming Institute (IGI), a nonprofit academic centre at the University of Nevada, Las Vegas (UNLV) that offers research and educational programmes for the global gaming industry, have joined forces to help shape the future of sports betting and gamification through industry data and insights.

Homestand Sports has announced a strategic content alliance with SportsGrid to produce and distribute exclusive original programming across the network’s streaming connected TV platforms in Canada.

Pragmatic Play has expanded its reach within Latin America after going live with Nekobet. The operator will now gain access to the provider’s prominent slots vertical including recent hit tiles like Starlight Christmas and Sweet Powernudge.

Tipico, a leading global sportsbook operator, and Rhinegeist Brewery debuted the Tipico Sports Deck in the Rhinegeist Taproom as part of their new, exclusive brand partnership. Located in the city’s historic Over-the-Rhine district, the Cincinnati brewery will join forces with Tipico to enhance the Cincinnati fan experience with watch parties and events throughout the year.

New Appointments

The Association of Gaming Equipment Manufacturers (AGEM) has announced that its Board of Directors has elected a new slate of officers effective February 1, 2023, including a new President, Robert “Bob” Parente, EVP and Chief Business Development Officer for Light & Wonder.

The Massachusetts Gaming Commission has appointed Bruce Band as Director of its newly established Sports Wagering Division. Band, a longtime gaming industry professional, has served the MGC as Assistant Director of Investigations & Enforcement Bureau and Gaming Agents Division Chief since 2014.

Bally’s Corporation announced the appointment of Tracy Harris as an independent member of its Board of Directors. Tracy’s term is effective upon receipt of regulatory approvals.

Continue Reading

Gambling in the USA

Gaming Americas Weekly Roundup – January 9-15

Published

on

Reading Time: 2 minutes

Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Elys Game Technology Corp announced that the company’s wholly owned subsidiary Elys Gameboard Technologies LLC received approval for Type C sports gaming proprietor licensure from the Ohio Casino Control Commission (OCCC).

Penn Sports Interactive and its Barstool Sportsbook have received a temporary mobile sports betting licence for Massachusetts. The US state’s Gaming Commission voted unanimously to hand PSI a Category 3 Sports Wagering Operator Licence following meetings.

FanDuel Group, the premier online gaming company in North America, announced the “Kick of Destiny,” a campaign featuring four-time Super Bowl Champion and five-time NFL Pro-Bowler, Rob Gronkowski, who will attempt to kick a field goal during a live Super Bowl LVII television commercial.

Hard Rock International continues to proactively combat human trafficking by implementing several programmes this month. The company kicked off its programmes on January 11, as part of National Human Trafficking Awareness Day.

VICI Properties Inc. announced that it has acquired the real estate assets of PURE Casino Edmonton in Edmonton, Alberta, PURE Casino Yellowhead in Edmonton, Alberta, PURE Casino Calgary in Calgary, Alberta, and PURE Casino Lethbridge in Lethbridge, Alberta, from PURE Canadian Gaming Corp. for an aggregate purchase price of approximately C$271.9 million (US$200.8 million).

Tipico USA Technology Inc. announced it has received approval to launch from the Iowa Racing and Gaming Commission and that it is now live and accepting bets in the Hawkeye State.

Partnerships

Jackpocket has announced its launch in Arizona in partnership with Circle K. Lottery players in the state can use Jackpocket to play a variety of online games, including Powerball, Mega Millions, The Pick, Fantasy 5 and Pick 3.

Pragmatic Play has further expanded its footprint in the Brazilian market by signing an agreement with experienced operator BetBastet. The deal sees Pragmatic Play continue its expansion plans in Latin America, bringing its Slot, Live Casino and Virtual Sports content to BetBastet’s customers, delivering a variety of player-favourite titles that are proven to boost engagement.

Pollard Banknote Limited announced that it has entered into a joint venture operating agreement with respect to NeoPollard Interactive LLC and amended the parties’ Michigan Joint Venture Agreement with NeoGames S.A. The Agreements reinforce the long‐term approach to ensure the continued success of NPI and accordingly, the operations of its market leading customers.

Everi Holdings announced it was selected by the British Columbia Lottery Corporation to provide its Everi Compliance Anti-Money Laundering solution in support of BCLC’s gaming and online operations.

Brelyon, the MIT spin-off that’s invented the first-ever, headset-free virtual display technology for gaming and enterprise applications, is partnering with Velocity Esports to bring Brelyon Ultra Reality to Velocity locations, the ultimate venues for gamers, from casual to competitive gamers and esports enthusiasts.

Aruze Gaming, a leading developer of gambling entertainment solutions for the global casino market, announced the launch of four Aruze slot titles on BetMGM, a leading iGaming and sports betting operator.

Exacta Systems continues to expand its best-in-class Historical Horse Racing install base through a new deal with Wyoming Downs, an operator of fourteen off track wagering facilities across Wyoming.

Continue Reading

Gambling in the USA

Gaming Americas Weekly Roundup – December 19-25

Published

on

Reading Time: 2 minutes

Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Underdog Sports has been awarded a license by the Ohio Casino Control Commission to operate as an online sports betting service provider in the state once legal wagering launches in 2023.

After successfully completing a 6-month slot trial, Competition Interactive’s Running Rich Reels Slot Game received recommendation for Final Approval from the Nevada Gaming Control Board.

The Illinois Department of Human Services (IDHS) launched “Are You Really Winning?” – a campaign to build awareness of problem gambling and to promote helpline services for people experiencing gambling problems.

Leadstar Media has expanded its product portfolio with a new website focused on the French Canadian market. With this launch, Leadstar Media offers its first French-language project targeting a market outside of France.

Passport Technology announced the selection of Passport’s Lush loyalty and rewards platform and Mira player enrollment kiosks, at Tin Lizzie Gaming Resort: Deadwood Casino and Gaming Hotel (Tin Lizzie). This relationship marks Passport’s entry into South Dakota.

Churchill Downs Incorporated (CDI) announced that it has entered into a definitive agreement under which CDI would acquire all of the outstanding equity interests of Exacta Systems LLC for total consideration of $250 million in cash, subject to certain working capital and other purchase price adjustments.

Black Oak Casino Resort and Quick Custom Intelligence (QCI) jointly announced that the casino in Tuolumne, CA has selected the QCI Platform. The Unified Gaming Platform aligns marketing, player development and casino operations around one view of the casino’s data.

ViewSonic Corp will be holding its second annual United by Play Battle for Charity Esports Tournament. Hosted by ViewSonic, this in-person and virtual event will be held at the HyperX Esports Arena at the Luxor Hotel in Las Vegas, Nevada on January 5, 2023, from 10:00 am to 6:00 pm, followed by an industry mixer.

New Partnerships

CT Interactive has announced that it has signed a deal with Planet Gaming NV. This deal will allow the global provider to operate in а number of new markets.

Loudoun United FC and Betfred announced a multi-year partnership to make Betfred the team’s official sports betting partner. As part of the partnership, Betfred will be the back-of-jersey sponsor for the Red-and-White home and away kits beginning with the 2023 USL Championship Season. This marks Betfred’s first partnership with a soccer club in the US.

Canadian-based premium online sports betting, casino and free-to-play company BET99 and the National Hockey League (NHL) announced a new multi-year partnership naming BET99 an Official Partner of the NHL.

Pragmatic Play has partnered with Brazilian operator Aposta Ganha. The latest agreement continues Pragmatic Play’s dominance of the Latin American market and sees the simultaneous delivery of both its Slots and Live Casino portfolio to the operator.

GAN has signed an exclusive national partnership with WynnBet for GAN Sports and Super RGS. Following a highly competitive analysis, WynnBET chose to integrate the GAN Sports technology to power its online sportsbook operations across future U.S. jurisdictions, including the highly anticipated retail launch of the WynnBET Sportsbook at Encore Boston Harbor in Massachusetts in early 2023.

Continue Reading
Advertisement
EvoPlay
Advertisement Visit Wazdan at ICE London at the N7-420 stand
Advertisement

Trending

Get it on Google Play

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +110,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2022 European Gaming Media and Events. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.