Latest News
Which casinos have the biggest market share in the US?
We have basically two worlds when it comes to gambling in the US: traditional land-based operators like those famous in Vegas, and Atlantic City and abroad in places like Macau, for example, and online operators.
Traditional casinos have a more steady form of business model, and comparing the evolution of these enterprises across time is easier as there’s more data available.
The online world is a bit more complicated, as online casinos have only been recently legalized in many American states.
Let’s have a look at the recent market share figures of both forms of casino betting in the US.
Understanding how Sports Betting and Casinos are Entangled Business-wise
Some operations are exclusively focused on sports betting, while some online sportsbooks have a casino section, for example, and we also have land-based sportsbooks at large physical casinos too. Therefore, depending on the figures we analyze, it may be a bit hard to separate the two verticals, but mobileuscasinos.com and other sites that are specialists in the topic do a good job of providing interesting insights.
iGaming is a term used to describe both forms of gambling, and depending on the region, poker online betting too. In the US, the term is usually related to sports betting, casino, and occasionally, horse racing betting.
Figures from October 2022 indicate that 3 brands dominate the iGaming world in the US: BetMGM and DraftKings have 52.6% of the North American online casino market, while FanDuel has 16.1%. Almost ¾ of the market is concentrated in 3 brands, but as mentioned, Draft Kings and FanDuel also have a strong presence in the sports betting scenario.
Traditionally, in markets that are more mature online such as Europe, casino preferences of the consumers are spread across several brands, as the only big difference between the houses use to be the current bonus promotions, and sometimes, an outstanding VIP program or customer service, but the vertical is marked by a lack of major product differences between operators.
More variables are usually seen with sports betting. When a bookie sponsors a specific NFL team, an entire city or state may become more inclined to bet with that specific brand due to local activations, and the simple notion that a specific brand is a ‘partner’ of a beloved club.
Land-based US market share of Casinos
National competition between land-based operators (that sometimes also have online operations like MGM), is always a fierce battle. Let’s analize by region.
The top 10 market protagonists as of February 2023 are as follows, sorted by their revenue in the last quarter ranked according to their in-person winnings at table games, slot machines and at-the-counter sports betting, but excluded online sports betting and internet casino games.
- the Las Vegas Strip ($8.2 billion);
- Atlantic City ($2.8 billion)
- Baltimore-Washington D.C. ($2.2 billion)
- Chicago region spanning parts of Illinois and Indiana ($2.1 billion)
- the Mississippi Gulf coast ($1.6 billion);
- New York City ($1.5 billion);
- Philadelphia ($1.4 billion);
- Detroit ($1.3 billion);
- the St. Louis market spanning parts of Missouri and Illinois ($1.1 billion);
- the Boulder Strip in Nevada ($966 million).
As we can see, the traditional regions with land-based casinos remain the market leaders after the pandemic.
Biggest Casino Brands by Market Share: Is America Leading the Casino World?
In terms of global market share, the US is responsible for the biggest holding by market cap, and the 5th, 6th, 7th and 8th most valuable casino parent companies in the world. We’re talking about Las Vegas Sands, worth $42B (1st), MGM Resorts, worth $14.2B as well as GLPI, worth virtually the same, and Wynn Resorts, worth $11B as of May 31st. Draft Kings is listed at the 8th post worth 10.4B.
As we can see, the US remains extremely relevant when it comes to being the home of 5 out of the 8 biggest holdings of the sector globally.
Even ‘rival regions’ like Macau count on several brands that have their HQs in America, which shows us that the US remains a reference for casino gambling, although some commercial lessons are being imported from Europe when it comes to online betting, as that region has had legal gambling online for a longer time.
eSports
NEW YORK ISLANDERS REPRESENTATIVE ERIK ‘EKI’ TAMMENPAA EARNS HIS SIXTH EUROPEAN TITLE AT THE EA SPORTS NHL 24 EUROPEAN CHAMPIONSHIP
In a rematch of last year’s European Championship, Erik ‘Eki’ Tammenpää, representing the New York Islanders, again prevailed over Teemu ‘Temppanen’ Karvonen representing the Anaheim Ducks to win the EA SPORTS NHL 24 European Championship title. The win marks Eki’s fourth-straight and sixth-overall European Championship title (2018, 2019, 2021, 2022, 2023, 2024) and another $15,000 USD in earnings. Temppanen placed second in the competition that took place at the Copenhagen Media Facility in Copenhagen, Denmark on Sunday evening. For a second year straight, both players will represent Europe in the EA SPORTS NHL 24 World Championship taking place in April in New York.
Eki is a full-time YouTube and Twitch content creator and EA SPORTS™ NHL® 24 expert and 24-year-old native of Helsinki, Finland. He remains the most decorated esports player on the NHL competitive circuit and will try once again to capture the World title after capturing runner up at last year’s EA SPORTS NHL 23 World Final.
During the competition in Copenhagen today, Temppanen and Eki qualified for a spot in the World Final by competing in a semifinal best-of-three round. Both players split their first two games, with Temppanen ultimately overtaking NikkeDanglesin a tight competition and Eki defeating Eken45Jr with eight goals in a Game Three shutout.
The Championship series saw a rematch of last year’s EA SPORTS NHL 23 European Final with Temppanen and EKI facing off once again. While Temppanen took the lead with an early goal in Game One, Eki scored three quick goals in a three-minute span during the second period and a game-winning goal in the third period by Vincent Trocheck (New York Rangers). Eki continued his goal streak and dominated Game Two, ultimately scoring six unanswered goals, including tallies from Jaccob Slavin (Carolina Hurricanes), Bo Horvat(New York Islanders), and Cam Atkinson (Philadelphia Flyers). Eki’s
6-0 victory solidified his sixth European title and status as “the one to beat.”
EA SPORTS NHL 24 EUROPEAN FINAL STANDINGS
1st: Eki, New York Islanders
2nd: Temppanen, Anaheim Ducks
3rd: Eken45jr, Pittsburgh Penguins
4th: NikkeDangles, Washington Capitals
5th-8th: Alphaborje, Detroit Red Wings
5th-8th: Kibeeex, Toronto Maple Leafs
5th-8th: Launonexx, Tampa Bay Lightning
5th-8th: Teemuyy, Colorado Avalanche
The EA SPORTS NHL 24 North American Championship will be contested on March 24 at the NHL Flagship Store in New York beginning at 1 p.m. ET on the NHL’s Twitch channel. For more news, fans can visit www.nhl.com/NHL24 and follow the conversation on social using #NHL24WC.
Asia
TWO PAGCOR MULTI-PURPOSE FACILITIES INAUGURATED IN TARLAC
Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro H. Tengco on Monday, March 18, led the inauguration of two newly completed multi-purpose centers in the towns of San Manuel and Victoria in the province of Tarlac.
Mr. Tengco said the state gaming agency provided a total of Php100 million for both of the two-story projects.
“Naglaan ang PAGCOR ng limampung milyong piso para sa bawat multi-purpose center sa bayan ng San Manuel at Victoria; mayroon itong iba’t ibang pasilidad gaya ng kusina, storage areas para sa relief goods, toilet at shower rooms, lactating rooms at maluwag na activity area para sa iba’t ibang gawain,” he said.
The PAGCOR chief said that because the Philippines is very vulnerable to climate change, “typhoons, floods and earthquakes are common occurrences that we must always be prepared for.”
However, he stressed that while the buildings are primarily designed as temporary shelters during emergencies, the structures can be used for various socio-civic activities, too.
“During the height of the pandemic, when the project was rolled out, there was a high demand for quarantine and evacuation facilities. But now, there is more sense to call these as multi-purpose centers rather than just evacuation facilities,” Chairman Tengco said.
“You may use this facility as your social hall, events area, and livelihood training center. You may also use this building to generate revenues for the local government,” he said.
During the event, Chairman Tengco also introduced PAGCOR’s upcoming flagship programs which include school buildings for public schools, e-learning centers, community wellness centers, and socio civic centers nationwide.
“These upcoming flagship projects are designed to create lasting impact on the lives of ordinary Filipinos,” he said. “These are just some of our nation-building efforts because as you are all aware, PAGCOR is the third largest revenue contributor to the national coffers.”
San Manuel Mayor Doña Cresencia Tesoro thanked the PAGCOR chief for the agency’s support.
“We are grateful that PAGCOR saw our need. This multi-purpose center is so far the biggest project that we have seen in San Manuel, and this is proof of PAGCOR’s commitment to serve the Filipinos,” she said.
“We thank everyone who made this dream come to life. Rest assured that we will use this to enrich the lives of our people and the generations to come,” Tesoro added.
Board Member Harmes Sembrano of the 2nd District of Tarlac also expressed gratitude to PAGCOR for funding the two-story multi-purpose facility in Victoria.
“With our limited resources, we cannot afford to fund all programs that will be beneficial to the people of Tarlac. But because of PAGCOR’s help, we have this new multi-purpose facility which will serve not only the locals of Victoria but also those from neighboring towns,” Sembrano said.
PAGCOR has thus far completed and inaugurated 38 multi-purpose buildings in different parts of the country while 34 others are still under construction.
Latest News
BETSSON.SPORT DEBUTS IN ITALY WITH FRANCESCO TOTTI AS AMBASSADOR
Betsson.sport proudly announces the launch of its new sports infotainment platform in Italy. At the heart of this initiative as its ambassador, stands Francesco Totti, the revered Italian football legend celebrated for his exceptional talent and illustrious career.
With a focus on delivering exclusive content, interviews, news and highlights across various sporting disciplines, Betsson.sport aims to become a go-to destination for sports enthusiasts nationwide.
Additionally, Betsson.sport introduces the initiative ‘Betsson Sport Club,’ inviting teams to join and gain visibility and support alongside other participating teams. This club is open to clubs from both prominent and lesser-known leagues, offering them exposure opportunities and a platform for more visibility.
“I am thrilled to be part of this project, which aligns perfectly with my daily commitment to sharing my passion for sports,” said Francesco Totti. “Betsson.sport presents a wonderful opportunity to unite various sports clubs and helping them to realise their full potential.”
Ronni Hartvig, Chief Commercial Officer of Betsson Group, stated, “Italy holds significant importance for Betsson, and we are delighted to partner with Francesco Totti, a figure synonymous with excellence in Italian football. We think his story and experiences will help us make the Betsson Sports Club even better, promoting our values of fair play, inclusion, and passion.”
As Betsson.sport embarks on its journey in Italy, the brand is committed to innovation and collaboration. The recent partnership announcement with Roma exemplifies this commitment, marking the beginning of a series of dynamic initiatives aimed at strengthening the bond between sports and Betsson.sport.
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