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Gambling in the USA

Pennsylvania sportsbooks surge in September as FanDuel dominates

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Pennsylvania Sportsbooks Surpass $2 Billion in Lifetime Bets, But Cancellations Weigh on Future, According to PLAYPENNSYLVANIA
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Pennsylvania’s online and retail sportsbooks nearly doubled the state’s previous record handle in September, as bettors jumped at their first-ever opportunity to legally bet on the NFL, according to analysts for PlayPennsylvania.com.

“A significant jump was expected with the NFL season kicking off in September, and the data did not disappoint,” said Jessica Welman, sports betting analyst for PlayPennsylvania.com. “Because of the sport’s popularity with bettors, the football season is the most effective time to gauge the health of a market. After a summer of growing pains and one month of football, it is safe to say that Pennsylvania is indeed healthy.”

Pennsylvania’s sportsbooks generated $194.5 million in handle in September, according to official data released Thursday. That is up from 78% from the record $109 million in August. September’s handle yielded $19.3 million in revenue, up from August’s $9.9 million win, generating $5.1 million in state taxes.

By comparison, New Jersey generated a handle of $184 million in September 2018, the first full month Garden State bettors were able to legally wager on NFL games. New Jersey’s handle in September 2019 has grown to $445.6 million, hinting at just how much growth is possible in Pennsylvania.

“After a somewhat slow start, Pennsylvania is beginning to display similar growth patterns as New Jersey,” said Dustin Gouker, lead analyst for PlayPennsylvania.com. “New Jersey had the advantage of a more established gaming infrastructure when it launched sports betting. But now that the online sports betting infrastructure is in place, Pennsylvania is beginning to show its potential.”

Pennsylvania’s five online sportsbooks — including Fox Bet at Mount Airy Casino, which launched on Sept. 4 — generated $158.2 million in September, up from $83.2 million in August. Online betting represented 81% of the state’s total handle, up from 76% in August, and nearer to the 85% rate that online sports betting commands in New Jersey.

FanDuel Sportsbook at Valley Forge Casino dominated the online market, accepting a whopping $85.1 million in September bets, up from $35.3 million in August. FanDuel generated $7.1 million in revenue, up from $2.9 million in August.

FanDuel was followed in the online market by:

  • SugarHouse Casino ($31.2 million in online handle, up from $25 million in August; $2.6 million in revenue, up from $1.7 million in August)
  • Fox Bet at Mount Airy ($4.5 million handle; $268,844 in revenue)
  • Rivers Casino ($23.5 million handle, up from $16.9 million; $1.9 million revenue, up from $1 million)
  • Parx Casino ($13.8 million handle, up from $6 million; $1.8 million revenue, up from $620,573)

Pennsylvania’s online market continues to evolve. More online sportsbooks, including DraftKings, are expected to launch during the football season. And the parent companies that own FanDuel and Fox Bet are planning to merge, creating a potential Goliath in online sports betting.

“The merger of FanDuel and Fox Bet, two very recognizable brands, could be a game-changing development,” Gouker said. “Regardless, the competition in the online vertical will remain fierce as sportsbooks vie for a greater share of a rapidly growing market.”

Mount Airy also quietly launched a retail sportsbook just days after Fox Bet was unveiled. Still, Rivers edged Parx to lead the retail market, accepting $7.3 million in bets in September, up from $4.9 million in August. That yielded $957,791 in revenue, up from $631,012 in August. Rivers was followed by:

  • Parx ($7.3 million handle, up from $5 million; $1.1 million revenue, up from $722,945)
  • SugarHouse ($6.5 million handle, up from $5.4 million in August; $1.1 million revenue, up from $816,768)
  • Valley Forge Casino ($3.4 million handle, up from $2.5 million; $376,243 revenue, up from $175,330)
  • Hollywood Casino at Penn National Race Course ($3.3 million handle, up from $2.1 million; $590,006 revenue, up from $309,171)
  • South Philadelphia Race and Sportsbook ($2.3 million handle, up from $2 million; $490,153 revenue, up from $337,680)
  • Harrah’s Philadelphia ($2.2 million handle, up from $1.9 million; $347,873 revenue, up/down from $251,296)
  • Presque Isle ($2.2 million handle, up from $1.2 million; $495,548 revenue, up from $282,384)
  • Oaks Race and Sportsbook ($1.2 million handle, up from $942,856; $146,041 revenue, up from $48,230)
  • Mount Airy  ($372,418 handle; $45,568 in revenue)

Online casino revenue grows in September

SugarHouse, Parx and Penn National casinos generated $5.3 million in gross revenue in September, up 56% from $3.4 million in August, on $140.8 million in wagers. Betting was up 21% from $111.8 million in August. September’s action produced $1.6 million in state taxes.

Penn National led the way with $3 million in revenue, up from $684,452 in September, on $41.1 million in bets, up from $17.8 million. Penn National was followed by:

  • Sugarhouse ($1.1 million revenue, down from $1.6 million; $57.2 million in wagers, up from $40.9 million).
  • Parx ($1.3 million in revenue, up from $1.1 million; $42.4 million in wagers, down from $53.1 million)

“Pennsylvania’s three pioneering online casinos are all off to strong starts and should initially have an advantage over any newcomers,” Welman said. “But at least five online casinos are planning to launch before the end of the year, so the market should morph dramatically over the next few months.”

For more information on the revenue generated by Pennsylvania sports betting, visit www.playpennsylvania.com/sports-betting/revenue/.

 

About the PlayUSA.com Network:

The PlayUSA.com Network is a leading source for news, analysis, and research related to the market for regulated online gaming in the United States. With a presence in over a dozen states, PlayUSA.com and its state-focused branches (including PlayNJ.com and PlayPennsylvania.com) produce daily original reporting, publish in-depth research, and offer player advocacy tools related to the advancement of safe, licensed, and legal online gaming options for consumers. Based in Las Vegas, the PlayUSA Network is independently owned and operated, with no affiliations to any casino — commercial, tribal, online, or otherwise.

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Gambling in the USA

Gaming Americas Weekly Roundup – November 11-17

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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

Golden Entertainment Inc. reported financial results for the third quarter ended September 30. The Company reported third quarter revenue of $161.2 million, net income of $5.2 million and Adjusted EBITDA of $34.0 million. In addition, on November 5, the Company’s Board of Directors authorised the Company’s recurring quarterly cash dividend of $0.25 per share of the Company’s outstanding common stock payable on January 7, 2025 to shareholders of record as of December 20, 2024.

Snoqualmie Casino has announced its rebranding to Snoqualmie Casino & Hotel, reflecting an exciting new chapter in the venue’s history as it embarks on a much-anticipated expansion. Set for completion in mid-2025, this project promises to elevate the guest experience, making Snoqualmie Casino & Hotel a premier destination for entertainment, relaxation and culinary excellence. The cornerstone of the expansion is the construction of a luxurious hotel, which will offer guests unparalleled comfort and stunning views of the Snoqualmie Valley and Mount Si.

Galaxy Gaming Inc., the world’s largest independent developer and distributor of casino table games and technology announced, at a special meeting of its stockholders held on November 12, 2024 (the Special Meeting), Galaxy Gaming stockholders voted to approve the Company’s acquisition by Evolution Malta Holding Limited (Evolution), Evolution AB (publ)’s wholly owned subsidiary. Galaxy Gaming will file a Form 8-K with the U.S. Securities and Exchange Commission reporting the final voting results of the Special Meeting.

Caesars Virginia has announced that its highly anticipated opening date will be Thursday, Dec. 12, 2024. The resort will welcome its first guests beginning at noon. Additional details on the opening festivities will be announced at a later date. Caesars Virginia is a 587,000 square foot casino resort with more than 90,000 square feet of gaming space.

Partnerships

NGX has entered into a strategic partnership with Sportradar, a global leader in sports integrity solutions, which collaborates with more than 180 sports federations and leagues. The agreement aims to support the Brazilian football federations of Rio Grande do Sul, Paraná and Pará, providing detailed reports to ensure the integrity of sporting events and combat fraud.

EvenBet Gaming has announced the launch of its advanced poker solutions in partnership with JugaMax, one of the largest and most respected casino operators in Paraguay. This strategic collaboration marks EvenBet’s debut in the Paraguayan iGaming market, solidifying the company’s expansion within Latin America. The newly established partnership enables the integration of EvenBet Gaming’s poker offering on the JugaMax platform.

Jackpocket, the leading lottery app in the US, and Barstool Sports announced a new collaboration naming Jackpocket as the “Exclusive & Official Digital Lottery Partner of Barstool Sports”. The deal with Barstool follows Jackpocket’s parent company, DraftKings, announcing a similar agreement with the media company in February 2024. This collaboration centers around the integration of Jackpocket in Barstool’s content. Fans can participate in the lottery alongside some of Barstool’s biggest names such as Dave Portnoy, Big Cat & PFT from Pardon My Take – the leading sports podcast in America, Wallo & Gillie from Million Dollaz Worth of Game and more.

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Gambling in the USA

Gaming Americas Weekly Roundup – November 4-10

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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

PENN Entertainment and ESPN announced that account linking between ESPN BET and ESPN is now available for customers, creating an even more deeply integrated media and betting experience. By linking accounts, fans now have the ability to seamlessly track upcoming, live and settled bets within the ESPN app and on ESPN.com. With this product enhancement, ESPN BET will soon bring fans more personalised bets and timely promotions based on their favourite sports, teams, players and fantasy rosters.

Accel Entertainment Inc. has announced that it has completed the acquisition of 85% of the ownership interests of Toucan Gaming LLC and LSM Gaming LLC, two Louisiana-based route operators and owners of multiple licensed video poker establishments (collectively, “Toucan”), for approximately $40 million. The combined business will operate as Toucan Gaming throughout Louisiana and will be led by Stan Guidroz, an industry-leading gaming executive and current CEO of Toucan Gaming. Mr. Guidroz owns the remaining 15% of Toucan’s ownership interests and will lead the Accel team supporting Toucan’s continued growth.

INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT, its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalisation of the existing land-based network. The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.

BetMGM Poker has become the third US operator to offer multi-state online poker. The company has merged its player pools in Michigan and New Jersey. Both states are a part of the Multi-State Internet Gaming Agreement, which allows online poker networks to share liquidity and players in participating markets. The two-state network went live Wednesday afternoon after morning maintenance.

Betsson Group has celebrated its success at the SBC Awards Latinoamérica 2024, winning two prestigious awards: Sportsbook Operator of the Year and Leader of the Year, which was awarded to Kevin Saliba, Commercial Director (Business Development) for Latin America. This marks the second consecutive year Betsson has earned the Leader of the Year accolade, following Andrea Rossi’s win in 2023 – an achievement that underscores Betsson’s consistent leadership in the region.

Partnerships

Play’n GO has announced a new operator partnership with renowned gaming brand Hard Rock Digital for their top-rated Hard Rock Bet online casino platform in New Jersey. The Hard Rock brand is synonymous with entertainment worldwide, and this partnership will see Hard Rock Bet players in New Jersey gain access to hit Play’n GO titles such as Piggy Blitz, Book of Dead and Rise of Olympus 100.

SCCG Management, a global leader in gaming innovation and advisory, has announced a strategic partnership with Chata.AI, a technology provider specialising in self-service, proactive analytics that enables businesses to access real-time insights without requiring extensive technical expertise. This partnership introduces Chata.AI’s technology to the gaming industry, providing operators with powerful tools to streamline decision-making and increase operational efficiency.

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Gambling in the USA

Gaming Americas Weekly Roundup – October 28-November 3

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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

Elray Resources Inc. has announced a significant milestone in the company’s growth strategy. The company has completed the sale of proprietary technology to 180 Life Sciences Corp. (NASDAQ:ATNF), a NASDAQ-listed company in exchange for preferred stock convertible into a 40% stake in ATNF and warrants to purchase 3 million shares of ATNF common stock, the conversion/exercise of which is subject to stockholder approval. The technology stack contained within Elray’s technology package will assist ATNF in launching an iGaming Blockchain casino.

PrizePicks, the largest daily fantasy sports operator in North America, has announced that it has been awarded Daily Fantasy Sports Operator Licenses in Delaware and Missouri. The company will launch Arena, its innovative peer-to-peer fantasy sports contest, in both states. With these new state launches, Arena will now be available in 15 states across the US.

The Pennsylvania Gaming Control Board (Board) unanimously voted to renew the Category 2 stand-alone casino license of Wind Creek Bethlehem LLC, operator of Wind Creek Bethlehem casino in Northampton County. In making the decision, the Board determined that Wind Creek Bethlehem LLC had fulfilled the obligations under its previously approved casino operator’s license and therefore qualified to have its license renewed for an additional five-year period.

Aristocrat announced that the company was the first international slot and online technology company to be granted a Gaming-Related Vendor license by The General Commercial Gaming Regulatory Authority (GCGRA), the federal entity overseeing commercial gaming activities in the United Arab Emirates (UAE). This announcement grants Aristocrat the ability to provide the company’s land-based electronic gaming machines (EGMs) and online games and technology solutions to commercial gaming operators licensed by the GCGRA.

Partnerships

SCCG Management, a leading global advisory and consulting firm in the gambling industry, has entered into a strategic partnership with Slot Machines Unlimited, a premier provider of refurbished slot machines and gaming equipment. The partnership between SCCG Management and Slot Machines Unlimited leverages both companies’ strengths: Slot Machines Unlimited’s expertise in refurbished gaming equipment and SCCG’s deep industry insight, global network and strategic growth capabilities. The collaboration will enhance Slot Machines Unlimited’s international sales and service operations, ensuring gaming establishments worldwide have access to high-quality slot machines and support.

Galaxy Gaming Inc. has announced that the Galaxy Operating System (GOS) is now live on over 50 ships worldwide with Carnival Corporation & PLC, the world’s largest leisure travel company. Since the installation, tables powered by GOS have awarded over $5 million in jackpot payouts to players. GOS is the jackpot progressive system for all Carnival Corporation ships, including Carnival Cruise Line, Holland America Line and Princess Cruises. Launched in 2024, GOS is the next-generation game management system developed by the industry’s leading table game experts.

The hottest new game from Aristocrat Gaming, Phoenix Link, is now live on casino floors, with Yaamava’ Resort & Casino being the first in North America to offer the highly-anticipated game. As the next evolution of the international hit game, Dragon Link, Phoenix Link features player-favourite mechanics from top games with all-new themes, features and bonuses.

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