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Pennsylvania sportsbooks rake in more than $240 million in bets in October

George Miller

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Indiana Sportsbooks End Year With $160 Million Month
Reading Time: 4 minutes

 

Pennsylvania’s online and retail sportsbooks generated more than $200 million in bets in a single month for the first time, as the state’s bettors increasingly turned online in October. And with DraftKings joining the online market in November, and with hockey, basketball, and football all in season, much bigger months lie ahead, according to analysts for PlayPennsylvania.com.

“Pennsylvania’s online market is finally maturing, and that is certainly the most important reason for the growth in the state’s handle,” said Jessica Welman, sports betting analyst for PlayPennsylvania.com. “The path for more growth is clearer now. A major brand like DraftKings coming online, coupled with intense interest in the Sixers, Flyers, and Penguins, will almost certainly give a boost to the already steady growth we’ve been seeing.”

Pennsylvania’s sportsbooks hit a new high in October by accepting $241.2 million in bets in October, up 24% from September’s $194.5 million handle, according to official data released Monday. Those bets generated $19.1 million in revenue, down slightly from September’s $19.3 million win, leading to an injection of $5.1 million into state coffers.

Pennsylvania’s five online sportsbooks generated $198.7 million in October, representing 82% of the state’s total handle. That puts Pennsylvania in line with New Jersey, where about 85% of all bets originate online.

Pennsylvania bettors have quickly adopted online sports betting — growing from 65% of all bets in July.

“Online betting will unquestionably be the driver to future growth in Pennsylvania,” said Dustin Gouker, lead analyst for PlayPennsylvania.com. “Most encouraging is that Pennsylvania’s online market is still expanding with new brands, including DraftKings. That should only encourage more growth.”

FanDuel Sportsbook at Valley Forge Casino continues to dominate the online market, accepting a record $113.9 million in October bets, up from $85.1 million in September. FanDuel generated $8.1 million in revenue, up from $7.1 million in August. FanDuel was followed in the online market by:

  • Rivers-Philadelphia, formerly SugarHouse ($30 million in online handle, down from $31.2 million in September; $2.5 million revenue, down from $2.6 million in September)
  • Rivers-Pittsburgh ($26.6 million handle, up from $23.5 million; $1.6 million revenue, down from $1.9 million)
  • Parx Casino ($18.4 million handle, up from $13.8 million; $1.7 million revenue, up from $1.8 million)
  • Fox Bet at Mount Airy ($9.8 million in online handle, up from $4.5 million; $591,309 revenue, up from $268,844 in revenue)

Rivers-Pittsburgh continued to lead the retail market, accepting $7.7 million in bets in October, up from $7.3 million in September. That yielded $699,611 in revenue, down from $957,791. Rivers was followed by:

  • Parx ($7.5 million handle, up from $7.3 million in September; $1 million revenue, down from $1.1 million in September)
  • Rivers Philadelphia, formerly SugarHouse ($ 7.2 million handle, up from $6.5 million; $813,839 revenue, down from $1.1 million)
  • Valley Forge Casino ($4.1 million handle, up from $3.4 million; $155,730 revenue, up from $376,243)
  • Presque Isle ($3.2 million handle, up from $2.2 million; $194,829 revenue, down from $495,548)
  • Hollywood Casino at Penn National Race Course ($3 million handle, down from $3.3 million; $350,083 revenue, down from $590,006)
  • South Philadelphia Race and Sportsbook ($2.8 million handle, up from $2.3 million; $402,272 revenue, up from $490,153)
  • Harrah’s Philadelphia ($2.3 million handle, up from $2.2 million; $277,295 revenue, down from $347,873)
  • Mohegan ($2.1 million handle, up from 294,723; $305,697 revenue, up from $74,970)
  • Oaks Race and Sportsbook ($1.1 million handle, down from $1.2 million; $162,127 revenue, up from $146,041)
  • Mount Airy ($641,087 handle, up from $372,418 handle; $86,800 revenue, up from $45,568 in revenue)

“FanDuel’s grip on the online market could loosen with increased competition from Fox Bet and DraftKings,” Gouker said. “Overall, though, the increased competition will be a benefit to bettors, giving them more choices and spurring product innovation.”

Online casino revenue grows with poker on the way

Pennsylvania’s four online casinos combined to generate $4.9 million in gross revenue in October, up 20% from $4.1 million in September. Online casino wagers grew 42% to $200.2 million, from $140.8 million in September, and generated $1.5 million in state taxes.

Rivers-Philadelphia took the market lead with $2.5 million in revenue on $85.6 million in bets, which was up from $1.1 million in September revenue on $57.3 million in wagers. Rivers-Philadelphia was followed by:

  • Penn National ($1.8 million in revenue, even with September; $56.6 million in bets, up from $41.1 million).
  • Parx ($610,187 in revenue, down from $1.3 million; $58 million in wagers, up from $42.4 million)

Significantly, PokerStars Casino launched in November, which helped usher in online poker to Pennsylvania. And a fifth online casino, Unibet, also joined the mix.

“The online casino market is rapidly changing, and it should continue to grow,” Welman said. “Online poker is worth watching. It has largely been forgotten in New Jersey, so Pennsylvania could buck that trend if it can sustain interest.”

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

Game Payment Technology raise international profile at ICE London

George Miller

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Game Payment Technology raise international profile at ICE London
Reading Time: 2 minutes

 

Game Payment Technology (GPT), the UK developed cashless payments app, launched its international marketing campaign with a successful debut appearance at ICE London.  The result of a joint venture between bacta and Polar Moment, GPT’s appearance at ICE London resulted in positive interest from gaming organisation’s based in Spain, United States, France and Holland as well as a meeting with representatives from the DCMS, which was described by bacta’s Robert Gibb as being ‘both productive and encouraging.’

Expanding on GPT’s ICE London experience, Gibb stated: “It’s been a key part of the business plan to explore opportunities to introduce the app to businesses operating outside of the UK and in the process seek to develop additional revenue streams to support bacta and its members. In that respect ICE London, which attracts over 100 nationalities, is the perfect platform.

“We met with representatives from several countries and our entire time was spent demonstrating how the app works and explaining how it has been built around a commitment to social responsibility. There’s no doubt that ICE delivers a new audience and is about making contacts for the future. From the feedback we received it’s clear that GPT provides solutions that cut across cultures and jurisdictions. It was also very valuable to be able to spend some time with representatives from the DCMS and keep them updated on the project and the significant progress that has been made. We are very grateful to the team at Reflex for allowing us to share their stand space and extremely happy to start the year with successful appearances first at EAG and then ICE London.”

The GPT app is undergoing its first live tests following completion of a payment acquiring agreement with one of the top three UK acquirers, a nationally recognised brand. It represents the first such deal with a Tier 1 UK bank for cashless gaming in pubs and other venues and is a testament of the acquirer’s confidence in GPT’s business plan, product credentials, financial structure, and the team’s ability to manage a gambling e-wallet.

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Latest News

Week 8/2020 slot games releases

George Miller

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Week 8/2020 slot games releases
Reading Time: 5 minutes

 

Here are this weeks latest slots releases!

BGaming, a Belarus-based online solutions provider to casinos, has launched its new slot, called Avalon: The Lost Kingdom. It is based on a mythical tale about a magical island. BGaming has captured the essence of the story and brought it to life in 5х3 slot with 20 paylines and a wide choice of features like free spins, multipliers and bonus round. The wild symbol in the game replaces any symbol in the line and gives a player a higher chance of winning.

BGAMING - Avalon: The Lost Kingdom slot

 

Joker Troupe, the latest blockbuster online slot release from Push Gaming, turns up the heat on traditional joker games to deliver a thrilling player experience packed with three breath-taking bonus features. Joker Troupe boasts not one but three jokers – Blue Joker, Green Joker and Red Joker– to deliver insane action. This, combined with a generous return to player of 96.68% and a volatility that sits at the high end of the scale, makes for a chart-topping online slot. Each Joker – Blue, Green and Red – is a Scatter Symbol and when three of each land anywhere on the reels, the respective Joker Feature is triggered and the potential for big wins increases significantly.

Push Gaming - Joker Troupe online slot

 

Players head into the skies in search of big wins in Blueprint Gaming’s latest release Mighty Griffin Megaways™. The base gameplay features cascading wins and mystery symbols, which when landing in view transform to reveal the same random symbol for even more ways for players to find their fortune. Three or more Griffin Shield symbols in view triggers the Golden Streak free spins round, during which the win multiplier increases after every reaction. Before entering the round, players are given the opportunity to gamble for even more free spins by spinning the wheel.

Blueprint Gaming - Mighty Griffin Megaways™

 

Yggdrasil is inviting players to the world’s biggest carnival set in the vibrant streets of Rio De Janeiro in its latest title Brazil Bomba. Players can dance the night away in Brazil Bomba where symbols cascade down the 6×8 reels and every cluster of six or more identical symbols brings a win. Land a Bomb symbol and watch it explode across the reels in a star formation clearing up to 16 positions and giving players even more chances to win. Getting a Dropdown win or landing the Bomb feature triggers multipliers which have no cap, offering unlimited rewards. Trigger the generous Brazil Bomba free spin mode by landing 3 or more Free Spin symbols anywhere on the reels.

 Yggdrasil’s Brazil Bomba

 

R. Franco Digital, R. Franco Group’s digital division, has announced the launch of its latest slot, TimeLab. Following a highly successful debut at ICE London, the title is now available for R Franco’s worldwide operator network, including Wanabet, the company’s online betting and gaming platform. The 5×3, 30-payline title takes players on an epic adventure through the ages, encountering a range of exhilarating wilds, respins, and bonuses along the way.

R. Franco Digital-TimeLab

 

Pragmatic Play, has launched Mysterious, the most recent addition to its ever-expanding slot portfolio. The 4×6 video slot boasts 4096 ways to win, inviting players to grab the multipliers as they hunt the Lord. And with Mystery Symbols creating big wins when the Lady is encountered and the Baron summons Infectious Wilds, the game would be a fantastic addition to any operator’s suite of titles. Players choose their own free spins at the fateful hour, selecting roaming wilds or up to 12x the multiplier in this rip-roaring Victorian adventure.

Pragmatic Play - Mysterious

 

Play’n GO have announced the latest title out of their stable, as part of their 52-game release year. Their latest slot, entitled Dawn of Egypt, is a 5-reel slot with a particular focus on powerful symbols, set in an alternate reality where ancient Egypt is ruled by the great god Ra. The slot suppliers are known for the quality of their Egyptian-themed games, a favourite among regular slot players, and this is their second Egpytian released following their 2020 debut Legacy of Dead.

Play'n GO with Dawn of Egypt

 

Endorphina, the online slot game provider from Prague, is already about to release yet another game early this year. As we’ve recently heard, this ambitious slot provider will be releasing 3 brand new games in February alone. Now the time has come when the provider is releasing their SECOND February release. The new game is called Aus Dem Tal, the story of a brave dwarf with his little mouse friend who mines through outstanding caves full of ore to collect bronze, silver, and gold. It sounds like this slot will be a great adventure for players who seek to collect bigger wins hidden in mines of pure gold.

Aus Dem Tal-Endorphina

 

True Lab, a game provider within the True Flip group, presents its latest video slot with vivid arts and engaging bonus features. Hunting for treasures, Victoria has to conquer the drought-ridden desert. Whenever two Tornado Wilds drop out on the reels, a Sandstorm begins. A Wild then randomly moves across the reels and collapses into a thunderstorm of sticky Tornado re-spins if two Wilds match. Victoria collects the Oasis symbols, advancing to the chilling splashes and soft palm shadows where Oasis Free Spins cure her fatigue with the Waterfall Wilds expanding to an extra reel.

Victoria Wild by True Lab

 

NetGaming, the creative casino games studio, has released its latest spectacular slot, Festival of Fortune. The 5×3, 15-payline title, created in celebration of Chinese New Year, sees a range of colourful symbols and inviting characters appear against an immersive traditional Far-Eastern background. Players enjoying good fortune can trigger the Lucky Lion Bonus where a feast of free spins await them, with the Mystery Replace feature allowing for up to 27 additional free spins. The game is the latest addition to NetGaming’s dynamic slot portfolio, which is available in 26 languages and can be played using more than 40 currencies.

NetGaming - Festival of Fortune

 

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Industry News

Online Casino PlayJango Launches on SkillOnNet Platform

Niji Narayan

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Online Casino PlayJango Launches on SkillOnNet Platform
Reading Time: < 1 minute

 

PlayJango has become the latest online casino brand to launch on the SkillOnNet platform. PlayJango offers its players a huge range of online slots and casino games, as well as generous offers and promotions.

The SkillOnNet platform allows PlayJango to offer thrilling tournaments and promotions, as well as localised payment options and top-rated customer support, to its players.

PlayJango will use SkillOnNet’s licences to launch in core markets such as the UK, Germany, Finland and Norway plus dot.com markets via its Malta permit.

“We have gone to great lengths to create a fun and friendly brand that is straight-talking and delivers a no-nonsense online casino experience to players. Partnering with SkillOnNet has allowed us to do this while also providing our players with thousands of popular casino games and a great range of payment options. SkillOnNet is behind some of the most popular online casinos in Europe and we look forward to achieving similar success with PlayJango,” a spokesperson at PlayJango, said.

“We are thrilled to be working with PlayJango and to be powering their online casino which has all the right ingredients to be a huge success. SkillOnNet is one of the most experienced and successful online casino platform providers and we look forward helping PlayJango as it establishes itself as a top-rated online casino brand,” Jerry Land, VP B2B Sales at SkillOnNet, said.

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