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Gambling in the USA

Another Billion Dollar Month for Nevada Casinos

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2022 got off to a great start for casinos in Nevada. The amount generated went through the $1 billion mark in January. It’s a continuation of the success seen in Nevada’s casinos over the past year.

It’s the 11th month in a row that the land-based casinos in Nevada have been at least $1 billion. The figure for the first month of 2022 was $1.1 billion and that’s a massive rise compared to the figures recorded for January 2021. This kind of growth is expected to be seen globally in the next few years.

The Nevada casino figures for January 2022 are over 40% more than those recorded in January in the previous year. On that occasion, the figures were an impressive $762 million but those results would probably be considered rather disappointing now.

Of course, at that time last year, the pandemic was still causing major problems.  It was better than in 2020 though when in March of that year, Las Vegas land-based casinos had to close.  That hadn’t happened since 1963 when the funeral of President Kennedy was held.

This led to more players going online. Gambling on the internet continues to grow in popularity. If that’s what you wish to do, it is a good idea to read a US online casino guide

The main share of the casino revenue in Nevada came from Clark County. That’s not particularly surprising because that county includes Las Vegas. The county produced revenue of nearly $929 million, that’s around 84% of the total win for the month.

Looking deeper into the figures, over half of the casino revenue that was generated in January came from the Las Vegas Strip. That contains some of the most famous casinos in the world and gamblers are now making their way to the Strip hoping to come away with some big wins.

The figure for the Las Vegas strip in January 2022 was over $567 million. That’s a big increase in the amount recorded for the first month of the year in 2021. This year’s figure is approximately 76% higher than a year ago.

Other areas continue to be in the shade of the Las Vegas strip. The next highest was the Boulder Strip which recorded revenue of $85 million. That’s followed by Downtown Las Vegas on $67.7 million and Reno with $52.3 million.

February saw the attendance levels at casinos increasing. It’s a famous place to go and get married and last month saw Las Vegas issue its five-millionth marriage license. At least now, those getting married were also able to celebrate in the land-based casinos.

January 2022 saw 2.474 million visitors to Las Vegas with hotel occupancy at 53.9%. You can see therefore while the revenue figures are so good. That number of visitors was up 91.2% up from January last year. There was still some way to fully recover though as that figure was 27.5% down from January 2019.

The fact that the land-based casinos are doing so well isn’t just good news for their owners. It’s also excellent news for the state of Nevada. That’s because of the revenue that they receive from the casinos. Around $81.2 million has been received and that’s an increase of 75% (around $35 million) compared to 2021.

That’s the second-highest amount that the state has collected since August 2021. It’s the fourth-highest figure in the 2022 financial year, only beaten by the amounts collected in July, November, and June. The total percentage fee collections for the financial year are around $652 million. That’s an impressive figure that is up 35% on the previous financial year.

Recent months have seen the state of Nevada recovering from the Covid-19 pandemic. This has seen a gradual easing of the restrictions that were in place. For example, early February saw the Nevada Governor, Steve Sisolak publish an emergency directive.

This included the lifting of the state’s mask mandate. The Governor announced that face coverings would no longer need to be worn in public indoor settings. This was followed by the Nevada Gaming Control Board (NGCB) informing licensees that gaming establishments won’t have to make their patrons and staff wear face coverings.

The Governor tweeted that “We are at this point now because as Nevadans we always look out for one another – that’s our Battle Born spirit and that’s the Nevada way.”

There had been a relaxation of the state’s mask policy last year. However, a surge in the numbers being infected by Covid-19 saw more stringent rules put in place.

While the casino business has been making a great recovery, there were still some customers who felt uncomfortable having to gamble while wearing face coverings. Hopefully, the relaxation of the rules will ensure that the casinos enjoy even more success in 2022.

 

Gambling in the USA

Gaming Americas Weekly Roundup – June 3-9

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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

BetConstruct is set to showcase its extensive array of leading-edge products and solutions at the Peru Gaming Show, Jockey Exhibition Centre, Lima, from June 12 to 13. The Peru Gaming Show (PGS), with 21 years of history, is Latin America’s largest gaming fair bringing together top brands, slot machine manufacturers, software developers and platforms for online games and sports betting.

OLG has begun the process of selecting a technology platform provider to replace aging, back-end lottery technology systems. On May 31, 2024, a Request for Proposal (RFP) was posted on MERXTM to initiate this work. The future implementation of a new lottery platform will give OLG the foundation needed to capitalise on emerging technological trends and offer market-leading products and experiences.

Jackpot Digital Inc., a leading manufacturer of electronic multiplayer dealerless poker tables, announced that it has completed the installation of one Jackpot Blitz casino machine at Gray Wolf Peak Casino, located in Missoula, Montana. Currently, the Company has over 70 Jackpot Blitz tables in the field. The Company’s order book continues to grow and now includes more than 90 additional Jackpot Blitz tables, an increase of approximately 120% over the current installation base.

Bragg Gaming Group announced the appointment of Robbie Bressler as interim Chief Financial Officer, effective July 1, 2024. Bressler brings a wealth of experience to the role, previously holding senior finance positions, including SVP Finance, at Bally’s Corporation, Gamesys Group plc and The Intertain Group Ltd. He is currently serving as CFO of ForumPay Ltd., a crypto payment processing company. He began his career at Ernst & Young, where he spent over a decade in their financial services assurance group.

Evolution announced that its highly successful, world-leading Crazy Time live game show has launched to online players in Pennsylvania and West Virginia. Pennsylvania and West Virginia have become the latest states to join Crazy Time’s much-anticipated US rollout, following the game show’s US debut in New Jersey in December last year.

Partnerships

PENN Entertainment has announced that it has reached an agreement with Golf Canada on a multi-year extension for theScore BET to continue as the organisation’s exclusive Official Gaming Partner. The partnership includes sponsorship of Canada’s marquee national golf championships, the RBC Canadian Open and CPKC Women’s Open.

BetMakers Technology Group Ltd has announced that it has signed two-year market access and content agreements with bet365 relating to New Jersey and Colorado. Under the agreements, bet365 will be licensed by BetMakers to offer fixed odds bets on thoroughbred horse racing to bet365 customers within New Jersey. Bet365 will also be licensed to distribute BetMakers’ thoroughbred racing content to bet365 customers in New Jersey and both thoroughbred and harness racing in Colorado.

Pragmatic Play, a leading content supplier to the iGaming industry, has reinforced its commitment to Latin American expansion by strengthening its existing relationship with Colombian operator FullReto. The latest agreement will see FullReto offer its players a broad selection of Pragmatic Play’s unique Virtual Sports titles, building on an already extensive offering of over 300 Slots and Live Casino games.

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Gambling in the USA

Gaming Americas Weekly Roundup – May 27-June 2

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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

DraftKings Inc. announced the completion of its previously announced proposed acquisition of Jackpocket Inc. This acquisition empowers DraftKings to tap into the expansive U.S. lottery vertical, while expanding its position in sportsbook and iGaming by enhancing customer lifetime value and bolstering customer acquisition capabilities.

ODDSworks announced that Kunal Mishra has been appointed as Chief Strategy Officer and COO, enhancing its leadership team. Prior to joining ODDSworks, he was Chief Operating Officer – Americas, for Bragg Gaming Group where he was instrumental in expanding the company’s day-to-day business operations throughout America.

Caesars Entertainment and the World Series of Poker (WSOP) announced the launch of an all-new real-money poker platform, WSOP Online that combines player pools in Michigan, Nevada, and New Jersey into one network. The move makes online poker history, as WSOP becomes the first poker operator to pool liquidity across three U.S. jurisdictions.

Galaxy Gaming has appointed Steve Kopjo as the company’s new Chief Financial Officer. Amid an impressive career in the gaming industry, Kopjo joins Galaxy Gaming on May 28, bringing extensive experience from senior finance and accounting positions held at various publicly traded gaming companies.

Harrah’s Cherokee Valley River has opened its casino floor addition, representing a significant milestone in a $275 million expansion project. Spanning 25,000 sq. ft., the extended casino floor features a curated selection of gaming options. Players can now try their luck at one of the 300 new slot machines or eight additional table games.

Partnerships

Carnival Cruise Line is welcoming more casino players to join the fun on board its fleet of 27 ships by partnering with Bally’s Corporation, one of the world’s leading gaming and entertainment companies, to extend cruise benefits to Bally’s Rewards guests. In addition to special events, Bally Rewards’ Legend, SuperStar and Star tier guests are now eligible for complimentary and discounted Carnival cruises. The new partnership between Carnival and Bally’s also extends the reach of both brands.

International Game Technology PLC announced that its subsidiary, IGT Global Solutions Corporation, has extended its contracts with the Mississippi Lottery Corporation for an additional three years to continue providing online gaming systems and instant ticket services through Dec. 1, 2029. As part of the agreements, IGT will deploy a mobile convenience app, new GameTouch 28 self-service terminals and its Sales Wizard retail automation tool.

SCCG Management announced its role as the title sponsor for the highly anticipated 1st FightPFC Rio Challenge, set to take place on July 20, 2024, at Legustarecreio. Pillow Fight Championship is the world’s first professional pillow fighting league, featuring professional fighters engaging in intense, fast-paced and family-friendly combat. This unique sport, renowned for being a safe alternative to traditional combat sports, offers cardiovascular benefits and an exhilarating experience for participants and spectators alike.

Betlounge is the new website integrated with Pay4Fun. The platform arrived to bring a wide range of entertainment options to the Brazilian public. Betlounge’s interface is fun and simple, making navigation easy and fun. In addition, the site offers a wide selection of bonuses, promotions, agile support, among other resources.

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Gambling in the USA

Wyoming is Next for Fanatics Sportsbook

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Fanatics Betting and Gaming, a subsidiary of Fanatics Holdings Inc, a global digital sports platform, launched the Fanatics Sportsbook today in Wyoming.

Sports fans living in and visiting Wyoming will be able to download the Fanatics Sportsbook on iOS and Android and begin their Fanatics Sportsbook experience. The Fanatics Sportsbook is now available in twenty one states and approximately 95% of the addressable online sports bettor market in the U.S.

The Fanatics Sportsbook makes being a fan easy with fast signup, easy betting, transparent withdrawals and is disrupting the sports betting industry with the following new features:

  • Building a better sportsbook: The Fanatics Sportsbook app was built natively on iOS and Android. The design, speed and quality of the navigation experience rival the sports betting apps in the market today that were not built specifically for iOS and Android.
  • FanCash: Get up to 5% FanCash back on bets, win or lose. Every bet gets you closer to more rewards like team merchandise, bonus bets, and more.
  • Discover: Get everything a customer cares about including marquee games, key stats and trending bets delivered straight to the Discover feed.
  • Search: Find promos, bets, and trending topics all from the advanced search functionality. Bet directly from the search results and spend time enjoying the game, not looking for a bet.
  • Golf Upgrades: Fanatics Sportsbook now offers an enhanced live event center with shot-by-shot data, leaderboard tracking and course maps directly in the app.

To download images and videos of the Fanatics Sportsbook, visit the Fanatics Media Center, and for more news and information, follow us on the Fanatics Sportsbook social channels on X  and on Instagram.

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