Gambling in the USA

Comparing New Jersey Casino Revenues with those in the UK

Published

3 years ago

March 4, 2022

Reading Time: 3 minutes

Since 2018 there have been some tremendous changes in the US gambling industry. It’s been dramatic in the UK too, though mainly due to the Covid-19 pandemic. How do New Jersey casino revenues compare with those in the UK?

It was four years ago that a US Supreme Court Judge made a ruling that had been wanted for years. New Jersey had campaigned long and hard to change the rules in the US. They wanted states to be able to decide themselves whether to legalize gambling. Before the court ruling that supported this, it had been the Federal Government who made that decision.

Since that ruling, many states have chosen to legalize gambling. This has helped the casinos, especially those who have extended their business into offering customers sportsbooks as well as the usual fare of roulette, blackjack, and other casino games.

If you are wanting to play games such as poker or baccarat, it’s advisable to do some research and discover more about these new UK casinos.

The pandemic came along just as casinos were expanding their businesses by branching out into the world of sports betting. Land-based casinos had to temporarily close, but their online ventures came to the rescue. An increasing number of customers went online to place their bets so that gave great help to their balance sheets.

2022 has already seen many US states recording record gambling figures. New Jersey has also seen growth compared to January 2021. The New Jersey Division of Gaming Enforcement have reported that total gaming revenue for the nine casino hotel properties in the state was $183.6 million in January. That’s 14.8% higher than recorded 12 months ago. Of that $183.6 million, slot machines contributed around $129 million.

One of the biggest changes in recent years has been online betting. The total gaming revenue for online casinos was $137.8 million in January. That’s a big 32.8% rise since January 2021 when revenue only just got through the $100 million mark.

The figures build on a highly successful 2021 for the New Jersey casino gambling market. A figure of $4.7 billion was recorded, that was 64.4% higher than in 2020. Compared to 2019 when there wasn’t a pandemic affecting the gambling industry, the 2021 figures were 36.6% higher last year.

The UK has also of course had its gambling industry affected by the pandemic. Land-based casinos have found themselves having to close their doors on more than one occasion. It seemed that as one Covid wave ended and casinos could again open, it wasn’t long before they again had to close and lose revenue.

Just as in the US, the online gambling industry became considerably more important. Casinos that had online sites saw their business increasing. Unable to go to their local land-based casino, customers went online to gamble. Live casinos that were being offered online became more popular.

UK gambling revenue did fall however due to the lockdowns. Their industry is in a very different position than that seen in New Jersey and the rest of the US. There are casinos in all major cities and towns in the UK, but they aren’t on the scale of those seen in Atlantic City for example.

Whereas in the US there are new customers being attracted to the gambling industry, that isn’t quite the case in the UK. Gambling has been legal there for many decades. The trend is now for online casinos to be more popular than the land-based ones. They reported increases in revenue last year and approaching £1 billion for the year.

Can the success of online casinos continue though? The pandemic may not be affecting the industry so much now, but the UK government and Gambling Commission might. The government is eager to pass new legislation that will protect gamblers against developing gambling problems.

The Gambling Commission aren’t afraid to fine casinos that don’t do so. That’s what happened recently to two online casinos. Rank Digital Gaming (Alderney) Limited who trade as bellacasino.com and grosvenorcasino.com were given a £700,557 regulatory settlement for what is termed ‘social responsibility failures.’

Annexio (Jersey) Limited were fined £612,000 for social responsibility and money laundering failures. The monies received by the Commission are given to the National Strategy to Reduce Gambling Harms.

More actions are being taken against the gambling industry in the UK. Only this week, 888 were fined over £9 million by the Commission. Gambling remains popular in the UK, but many are concerned about the amount of gambling advertising on television and the radio and failure by casinos and other branches of the gambling industry to look after their customers.

With details of possible changes being published soon, the UK gambling industry may have many problems, while the New Jersey casino industry continues to flourish.

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Gambling in the USA

Gaming Americas Weekly Roundup – October 21-27

Published

5 days ago

October 28, 2024

Niji Narayan

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

Bally’s Interactive, the digital and sports betting division of Bally’s Corporation, announced the official launch of the Bally Bet Sportsbook app in Tennessee, marking its expansion into the tenth state. This milestone comes on the heels of recent successful Bally Bet launches in Massachusetts and Maryland. Sports enthusiasts across the Volunteer State can now revel in the comprehensive offerings of the Bally Bet sportsbook app. With a wide array of betting options, including spread, money line and total bets, as well as in-game betting and same game parlays, Tennessee sports fans will have an unparalleled wagering experience.

ESE Entertainment Inc., a gaming company that provides a range of services to leading video game developers and publishers, has announced that it has acquired Bombee Global Entertainment (Bombee Americas), the North American arm of Bombee Event Production AB, (Bombee), a global production company specialised in live production, special effects, broadcast and event management for the gaming sector. Bombee has successfully collaborated with ESE to bring its premier event production services and world class customer service to North America and beyond. The North American arm of Bombee, Bombee Americas, will continue to grow and scale in this new organisational structure under ESE, while maintaining its entire team and global support.

Matthew Wantman has become the overall champion of the PokerGO Tour PLO Series II presented by PLO Mastermind. Wantman secured the prestigious honor after an impressive showing at PokerGO Studio in Las Vegas, outperforming a talented field of the best PLO players in the world to earn the $10,000 PGT Passport bonus. The PGT PLO Series II featured a series of high-stakes pot-limit Omaha tournaments. Wantman’s consistent performance set him apart from the competition and solidified his spot atop the leaderboard.

Partnerships

SYNOT Games has announced its further expansion into the Colombian market through a partnership with BetPlay. This alliance highlights SYNOT Games’ commitment to increasing its presence in Latin America and providing its engaging and innovative games to a wider audience. Through this partnership, BetPlay’s online platform will feature a curated selection of SYNOTGames’ top-performing titles, including fan favourites like Aztec Jaguar, Diamond Fever, Realm of Lions.

Internet Sports International, a global provider of turnkey race and sportsbook software solutions, announced its partnership with the We-Ko-Pa Casino Resort in Fort McDowell, Arizona. Through this consultancy, ISI is powering the casino’s sportsbook and retail sports wagering operations on its gaming floor with its award-winning system. WKP Sportsbook is currently operating, allowing patrons to elevate their excitement by wagering on their preferred sporting events with up-to-the-minute odds and live action. The automated sportsbook kiosks provide access to a wide range of sports propositions for both the beginner and expert bettor.

Aristocrat Gaming, a leading designer, manufacturer and distributor of regulated slot games, announced it is now a promotional partner for Princess Cruises, one of the world’s most iconic cruise lines. Through this exciting collaboration, Aristocrat Gaming will design innovative gaming experiences for guests onboard Princess ships as well as create promotions with land-based casinos that offer Princess cruises as rewards.

Gambling in the USA

Gaming Americas Weekly Roundup – October 14-20

Published

2 weeks ago

October 21, 2024

Niji Narayan

Reading Time: 2 minutes

Latest News

Konami Gaming’s President & Chief Executive Officer Steve Sutherland has received the Association of Gaming Equipment Manufacturers’ (AGEM) 2024 Jens Halle Memorial Award during the official awards ceremony at the Global Gaming Expo (G2E) Las Vegas. He was selected for excellence in commercial gaming professionalism, as the embodiment of business success, attention to detail, evident humanity, willingness to “go the extra mile” and long-lasting dedication to the health of the industry as a whole. Investing more than three decades of his career in the gaming supplier sector, Steve Sutherland is a central figure and longtime advocate in responsible gaming industry advancement.

RotoUnderworld, a technology company that analyzes statistical data for fantasy sports, announced that it has raised $1.5 million in a pre-seed funding round to build the next-generation fantasy gaming platform. The round was led by iGaming mavens and technology investors recognising the company’s hyperactive user base and mobile development capabilities. RotoUnderworld’s new FastDraft app is revolutionising the iGaming sector with high-engagement fantasy contests that appeal to both low and high-volume customers.

Scientific Games announced the appointment of Patrick Homm as Vice President, Systems Engineering for the company’s international lottery systems technology. Patrick Homm brings over a decade of experience in innovative gaming systems, software engineering, technology leadership and large-scale systems architecture to his new role.

FanDuel, North America’s premier online gaming company and an Official Sports Betting Partner of the National Basketball Association (NBA), is tipping off the NBA season by bringing back a promotion to provide fans with a three-month subscription to NBA League Pass. Fans who opt-in can also view an enhanced broadcast experience featuring live odds from FanDuel during NBA League Pass games.

Partnerships

Community Gaming, the leading esports platform for automated tournament payouts and sponsor of the Mobile Legends: Bang Bang’s professional league for the Latin America Region, MPL LATAM, now supports developing esports communities in Latin America in collaboration with Moonton. This partnership is a significant boost to CG’s existing advantages associated with its grant programme, a partner-backed initiative to provide organisers with economic resources based on the performance and growth of their local gaming communities.

WPT Global has partnered with Triton Poker Series as the official sponsor of the renowned Triton Poker Super High Roller Series. This partnership ushers in a new era of growth for the Triton Poker Super High Roller Series, as it continues its journey as a leader in high-stakes tournament poker. WPT Global – now offers players the exclusive opportunity to qualify for Triton Poker Super High Roller Series events, expanding accessibility to one of the poker world’s most prestigious tournament circuits.

SCCG Management, a global leader in Tribal gaming advisory and management services, has announced a strategic partnership with Steelhead Compliance Solutions, a leader in tribal gaming compliance and regulatory affairs. This partnership aims to create significant opportunities for tribal nations by connecting them with SCCG’s expansive network of over 200 affiliated gaming companies and service providers. Together, SCCG and Steelhead will work to strengthen tribal gaming operations, enhance regulatory compliance and uphold tribal sovereignty.

Gambling in the USA

Gaming Americas Weekly Roundup – October 7-13

Published

3 weeks ago

October 15, 2024

Niji Narayan

Reading Time: 2 minutes

Latest News

PrizePicks announced the appointment of Marcus Sanford, former CFO of Blizzard Entertainment, as the company’s new Chief Financial Officer. Ari Koteles, who has served as PrizePicks’ CFO since 2021, has been named to the newly created role of Chief Business Officer.

International Game Technology PLC announced that IGT PlayDigital recently released the award-winning Mystery of the Lamp game in several U.S. online gaming jurisdictions – New Jersey, Pennsylvania, Michigan and West Virginia. IGT’s Mystery of the Lamp game rose to super-star status by achieving high performance in land-based casinos worldwide and winning “Top Performing NEW Premium Game” at the lauded 2024 EKG Slot Awards Show.

NorthStar Gaming Holdings Inc. announced the launch across all NorthStar Bets online and mobile betting platforms of “Sports Insights 2.0,” a robust set of enhancements and new features added to its industry-leading content vertical. Sports Insights is a key differentiating feature that supports NorthStar’s position as a premium brand and industry leader at the intersection of iGaming and media.

GAN Limited has announced that it has received approval from the Nevada Gaming Commission (NGC) for the merger of GAN and a subsidiary of SEGA SAMMY CREATION INC. (SSC), an affiliate of SEGA SAMMY HOLDINGS INC. The closing of the merger remains subject to other customary closing conditions including additional gaming regulatory approvals, and is expected to occur in late 2024 or early 2025.

Partnerships

Crane Payment Innovations (CPI) announced its agreement with Everi Holdings, a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions and bingo. This collaboration will integrate Everi’s CashClub Wallet with CPI’s Betbridge cashless solution, enabling at-machine mobile payments in casinos. By building this solution on the trusted bill validator and TITO technology, CPI and Everi are making cashless payments seamless in casinos.

BetMGM announced that it is teaming up with GTG Network to deliver customised content and useful betting insights for sports fans. The multi-year agreement will roll out in phases, beginning with direct-to-consumer content followed by in-app product integrations. BetMGM will use GTG’s proprietary content engine to launch the partnership, harnessing trillions of data points to share valuable market insights, player statistics and win probabilities for MLB, NBA, NFL, NHL, college basketball and college football.

TaDa Gaming has further strengthened its position in the rapidly growing Latin American market through latest partnership with Cactus Gaming. This deal gives more players greater access to the TaDa portfolio of games and newly launched engagement tools across the region The partnership follows on from a slew of new signings for both companies and will enable the integration of the TaDa portfolio into Cactus Gaming’s platform through a single API.

The American Gaming Association (AGA), European Casino Association (ECA) and the Betting & Gaming Council (BGC) announced the signing of a memorandum of understanding that marks the beginning of a collaboration grounded in shared industry values and priorities. The MOU formalises a commitment among the three associations to address key issues facing the global gaming industry including illegal gambling, responsible gaming, innovation and security.