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Gambling in the USA

Indiana Sportsbooks Launch New Year With Record January

Zoltan Tundik

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Image by David Mark from Pixabay
Reading Time: 3 minutes

 

Spurred by basketball, bettors pour more than $170 million in bets into Indiana’s online and retail sportsbooks, according to PlayIndiana.com analysts

Indiana retail and online sportsbooks capitalized on basketball to post a record January and continue to firm up the state’s position as the nation’s fourth-largest legal sports betting market. And with the state enjoying its role as the sports betting capital of the Midwest and new online sportsbooks opening in time for the close to the college basketball season, Indiana could begin to put heat on Pennsylvania to become the nation’s third-largest, according to analysts from PlayIndiana.com.

“Indiana has built an impressive infrastructure that continues to maximize the market’s potential,” said Dustin Gouker, lead analyst for PlayIndiana.com. “That should help keep the state a step ahead of its competition as neighboring states, such as Michigan, prepare for their own launches.”

Indiana’s $170.8 million handle in January was up 9.5% from the then-record $161.8 million in December, according to official reporting released Monday. Adjusted gross revenue from those bets was $12.9 million, up 9.3% from $12 million. That yielded $1.2 million in tax revenue for the state.

Interest in basketball was a catalyst in January, which also featured the NFL Playoffs and college football’s national championship game. Basketball boomed with $59.8 million in bets or 35% of the state’s handle. Football drew $36.7 million.

Online sportsbooks generated $123.4 million in bets in January. Online betting represented 72.2% of January’s handle, up from 69.5% in December. And more growth should come. PointsBet, BetIndiana, and BetMGM are all set for a February launch, bringing Indiana’s number of approved online sportsbook licensees to seven.

Indiana’s embrace of online betting, its near-monopoly of the Midwest, and close proximity to major out-of-state markets such as Chicago, have helped Indiana quickly position itself as the fourth-largest legal sports betting market in the U.S. While still well behind No. 3 Pennsylvania — a much larger state by the population that launched sports betting nearly one year ahead of Indiana — the Hoosier State is well-positioned for more short-term growth.

“Indiana has been remarkably progressive in the way it has managed its sports betting industry, rivaling New Jersey as the most forward-thinking legal jurisdiction,” Gouker said. “Early adoption of online betting, which has been atypical among states with legal sports betting, has been an enormous boost. And innovations such as allowing prop bets for the Super Bowl and opening the door to Oscars betting show Indiana is willing to take risks in opening new markets, which will serve the state well.”

The newcomers have a long way to catch market leader DraftKings, which operates under Ameristar Casino’s license. DraftKings posted a $66 million handle in January, down slightly from $66.7 million in December. That generated $4.6 million in gross receipts, down from $5 million. But FanDuel/Blue Chip Casino inched closer with a $49.5 million handle in January, up from $36 million. That resulted in a $1.9 million win, down from $2.2 million.

The market leaders were followed by:

  • BetRivers/French Lick Resort ($7.8 million handle, down from $7.9 million; $590,178 win, down from $528,200)
  • BetAmerica/Rising Star Casino ($89,622 handle, up from $2,129; $1,854 win, up from -$1,173)

Horseshoe Hammond’s proximity to Chicago continued to be a winner, leading the retail market with a $13.7 million January handle, up from $13.4 million in December. Those bets generated $1.8 million in gross receipts, up from $1.1 million. Horseshoe Hammond was followed by:

  • Hollywood Lawrenceburg ($7.8 million handle in January, down from $8.9 million; $578,993 win, down from $824,235)
  • Ameristar Casino ($7 million handle, down from $8.3 million; $1.4 million win, up from $928,211)
  • Harrah’s Hoosier Park ($5.4 million handle, down from $5.7 million; $321,785 win, down from $441,112)
  • Indiana Grand ($5 million handle, up from $4.6 million; $365,318 win, up from $208,275)
  • Blue Chip Casino ($2.7 million handle, down from $4.2 million; $$279,868 win, up from $186,802)
  • Tropicana Evansville ($2 million handle, even with December; $210,974 win, up from $185,176)
  • Caesars Southern Indiana ($2.4 million handle, up from $1.6 million; $143,966 win, down from $170,884)
  • French Lick Resort ($533,634 handle, down from $1.5 million; $14,132 win, up from $13,587)
  • Belterra Casino ($934,724 handle, down from $948,810; $8,077 win, down from $151,640)

“Proximity to Chicago is still a critical advantage in the retail market, but that could change when Illinois launches retail betting, which could happen as early as March,” Gouker said. “FanDuel has made progress in the online market, but it can’t quite overcome DraftKings’ head start. But with new operators coming, the online market could be shaken up, too.”

For more revenue information on Indiana sportsbooks, visit PlayIndiana.com/revenue.

Gambling in the USA

Top C-level Executives, State Representatives are joining the speakers’ lineup at Sports Betting & Casino Summit North America

Zoltan Tundik

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Reading Time: 2 minutes

CEOs, decision-makers, and Government officials among the speakers at the virtual edition of Sports Betting & Casino Summit North America.

With less than a month to go until the Sports Betting & Casino Summit North America (Virtual Conference) will open its virtual doors, we are honored to announce some big names of the North American gambling industry that will be joining the speakers’ lineup.

The top industry companies have all confirmed their interest in the inaugural event which will break all records for the organizing company.

Register now to secure your seat(s)! REGISTER HERE!

Among the already confirmed 40 speakers, you can find:

  • Brandt Iden (State Representative at the State of Michigan)
  • Nick Papadoglou (Chief Commercial Officer at Intralot Inc/US – Head of Sports Betting in the US)
  • Joe Asher (CEO at William Hill US)
  • Seth Schorr (CEO of Fifth Street Gaming and Chairman of Downtown Grand Hotel & Casino)
  • Jay Kornegay (Vice President Race & Sports Operations – Westgate LV Resort & Casino)
  • Grant Johnson (CEO at Esports Entertainment Group)
  • Dmitry Starostenkov (CEO at Evenbet Gaming – the leading poker platform provider)
  • Daniel J. Kustelski (CEO & Co-founder at Chalkline Sports)
  • Benjie Levy (President/COO at Score Media and Gaming Inc
  • Lloyd Danzig (Founder & CEO at Sharp Alpha Advisors)

You can view the full list of speakers on the official site.

We are happy to also reveal the program of the conference which will start on 23 June at 12:00 PM EDT (New York Time) / 9:00 AM (Pacific Time) / 6:00 PM (CET), and looks the following way:

Day 1 (23 June)

  • THE STRATEGY OF RESTARTING THE ONLINE SPORTS BETTING INDUSTRY
  • NAVIGATING THE SIGNIFICANT CHALLENGES & OPPORTUNITIES IN US SPORTS BETTING & ONLINE GAMING IN AN EVER CHANGING WORLD POST COVID-19
  • THE FUTURE OF LEGALIZED SPORTS BETTING IN CALIFORNIA, FLORIDA, AND TEXAS
  • OUTLOOK FOR US GAMING – WHEN CAN WE EXPECT THE US GAMING MARKET TO NORMALISE
  • LAS VEGAS – RE-LAUNCH OF THE STRIP
  • ESPORTS BETTING VS CLASSIC SPORTS BETTING IN NORTH AMERICA
  • VIRTUAL GAMING, IS IT GAINING TRACTION IN AMERICA AND CANADA AUDIENCE?

Day 2 (24 June)

  • IS THERE REALLY AN ONLINE POKER RENESSAINCE?
  • INNOVATION DURING AND POST COVID-19 – HOW IS THE INDUSTRY ADAPTING?
  • COMPLIANCE AND CERTIFICATION DURING COVID-19
  • TRIBAL GAMING INDUSTRY – A NEW ERA?
  • THE FUTURE OF ONLINE GAMING IN CANADA
  • RESPONSIBLE GAMING: LESSONS LEARNED FROM EUROPE AND VICE VERSA
  • THE CURRENT & FUTURE STATE OF THE SPORTS BETTING INVESTMENT LANDSCAPE

The full schedule is available on this link!

Register now to secure your seat(s)! REGISTER HERE!

The virtual conference is designed to bring together regulators, operators, suppliers, marketing managers, C-Level Executives, policymakers, and more for two days of quality online learning and networking.

More speakers and moderators are being added daily so make sure to visit, the event’s official website frequently for updates: summits.gamingamericas.com

For further sponsorship/speaking and marketing inquiries, make sure to reach out to Andrada Bota (B2B Sales Executive at Hipther Agency).

For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).

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Gambling in the USA

Gaming Americas Weekly Roundup – May 25-31

Niji Narayan

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Reading Time: 3 minutes

Welcome to our weekly roundup of American gambling news.

Last week, several gambling companies have re-entered into their businesses despite the ongoing pandemic. Here, we are going through the weekly highlights of the American gambling industry which includes casino reopening, new partnerships, product launches, award winnings, latest approvals, and recent announcements. Read on and get updated.

Casino Reopening

Most of the casinos have resumed their operations this week. Some are on the preparations to restart their business.

Rodney Butler, Chairman of the Mashantucket Pequot Tribal Nation, said that the plans to partially reopen Foxwoods Resort Casino on June 1 are still moving ahead despite opposition from Connecticut Gov. Ned Lamont.

Rodney Butler told in an interview that Lamont is welcome to tour Foxwoods and see firsthand the safety precautions being taken to prevent the spread of the coronavirus, ranging from fewer open slot machines to air filtration systems.

New Deals

AGS announced a new partnership with the Kindred Group to provide its online, real-money games for the Kindred Group’s Unibet brand in New Jersey.

The Vancouver Titans esports team entered into a new partnership agreement with Pizza Hut Canada and designated Pizza Hut as the Official Pizza of the team and their fans.

Microgaming signed an exclusive distribution agreement with game design and development studio, Neko Games. The studio’s Super Showball video bingo game is live on Microgaming’s content aggregation platform from 26 May 2020.

Churchill Downs Incorporated (CDI) and Aristocrat Leisure entered into an agreement in principle to settle the Kater v. Churchill Downs, and Thimmegowda v. Big Fish Games lawsuits.

New Launchings

The igaming publishing company Oddschecker Global Media announced the launch of RacingPicks, a standalone horse racing site. The site’s purpose is to provide day-to-day expert content to the American racing community.

TransAct Technologies Incorporated launched its new Epicentral Clean2Play Sanitization Tracking System for casinos. This new casino product provides real-time printed proof that a slot machine has been cleaned, sanitized, and is ready for play.

The D.C. Lottery is set to launch its sports betting platform in the coming days. The online sportsbook GambetDC will take its first wagers in June, even though a large number of global sports events remain canceled due to COVID-19.

Awards

Michigan State Rep. Brandt Iden received an honorary American Gambling Award for his extraordinary efforts in legalizing sports betting, online poker, and online casino gaming throughout the state in 2019.

Latest Approvals

Illinois lawmakers have approved an approximately $40 billion state budget that largely maintains spending, along with a plan to push forward a Chicago casino.

The budget, which largely relies on federal funding, mostly maintains funding from the current budget, which the exception of health care agencies affected by the COVID-19 outbreak.

Legislators also approved a plan pushed by Chicago Mayor Lori Lightfoot to change the tax structure for a casino in the city. The Chicago casino was included in last year’s gambling expansion authorizing six new casinos, part of a critical funding source for the state’s $45 billion capital plan.

Financial Help

Ontario Lottery and Gaming (OLG) is going to receive a $500m loan from the Provincial Government.

With Ontario’s state of emergency shuttering casinos, slot machines, and racetracks for the past two months, the gaming monopoly was in dire need of a cash injection.

Announcements

Brazilian Deputy Bacelar has affirmed that the legalization of all gambling verticals could play a key role in economic stability in the country.

He stated that following the current health pandemic, he is in favor of legalizing all gambling verticals, including jogo do bicho, on the grounds that gambling could save Brazil from its current financial crisis and rejuvenate the economy.

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Gambling in the USA

GAN Signs Platform Deal with Cordish Companies

Niji Narayan

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GAN Signs Platform Deal with Cordish Companies
Reading Time: 2 minutes

 

Cordish Gaming Group, the global gaming division of the Cordish Companies, has selected GAN Limited as the enterprise software Platform provider to power its new “PlayLive!” branded Internet gambling business in the State of Pennsylvania, complementing the development of two new Live!-branded gaming facilities in Philadelphia and Pittsburgh.

The new Live! Casino & Hotel, located in the Stadium Entertainment District in the City of Philadelphia, will be a world-class hotel, gaming & entertainment destination featuring 2200 slot machines and 150+ live action table games.

The second new Live! Casino, located in Westmoreland County, near Pittsburgh, will feature more than 100,000 square-feet of gaming, dining and entertainment space, including 750 slots and approximately 30 live action table games. Both locations are expected to open in 2020.

Live! Casino will be GAN’s third client of real money Internet gambling enterprise software in the State of Pennsylvania, expanding GAN’s real money Internet gambling operations in the U.S. These operations now include the following states—New Jersey, Pennsylvania, Indiana, as well as Michigan and Ohio, both of which are expected to commence operations in the first half of 2021.

“We’re delighted to expand upon our long-standing relationship with one of America’s premier commercial real estate families. Bringing Pennsylvania’s newest casino online later this year will be a genuine privilege, and we look forward to supporting their on-property gaming business by leveraging our U.S. patented iBridge Framework, bridging the Internet gambling experience with that of retail gaming. Online will remain the growth driver of this Industry for decades to come, not just in Pennsylvania but across the nation,” Dermot Smurfit, CEO of GAN Limited, said.

“With our established relationship, GAN was the logical provider of our enterprise platform for launching real money Internet gambling and offers Cordish the ability to extend on-property rewards into the online channel, which has been shown to increase loyalty amongst players of Simulated Gaming,” Robert J. Norton, President of Cordish Gaming Group, said.

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