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iovation Report Finds Online Gambling Mobile Use and Fraud Increase in 2018

Zoltan Tundik

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Findings part of iovation’s third annual Gambling Industry Report

iovation, a TransUnion company, today announced the availability of its 2019 Gambling Industry Report. This is the third annual Gambling Industry Report by iovation, providing a comprehensive analysis of the trends that drove online gambling in 2018 and insights into how to drive differentiation with players in 2019.

Key findings around online gambling in the report include:

  • Mobile transactions skyrocket – Transactions processed via mobile devices grew at an average annual rate of 95 percent from only 6 percent in 2012 to 62 percent in 2017 to 70 percent of overall online transactions in 2018 (pg. 7).
  • Game abuse and cheating increase but level out – The growth of game abuses and cheating like chip dumping and player collusion continued in 2018 but slowed from 55 percent growth in 2017 to an increase of 12 percent in 2018 (pg. 12).
  • Credit card fraud continues steady climb – Over the past five years, credit card fraud increased by 155 percent with an average annual growth of 39 percent (pg. 13).

“Even in the evolving environment over iovation’s 15 years protecting more than four billion transactions and stopping more than 47 million fraudulent transactions, there are still some constants we can rely on,” said iovation EVP of Corporate Development and co-founder, Jon Karl. “While fraudsters may have adapted their tactics over the years, at the heart of every online fraud attempt — whether through the web, an application or via a mobile browser — is a customer device.”

In addition to the data findings, the report identifies and explores three key trends driving the iGaming market:

  • Player experience as a market differentiator: Operators are facing a myriad of new challenges and an increasingly competitive market. The recent changes to gambling regulations globally including in the United StatesSingaporeand India, presents an opportunity for market expansion, but also comes with competition from new operators. Attracting and retaining players with a superior experience has never been more important.
  • Managing regulatory uncertainty: Operators are under increased regulatory scrutiny. For instance, fines against gambling operators in the United Kingdom rose from £1.6 million to £18 million from April 2017 to 2018 for money laundering violations and unfair practices. The U.K. Gambling Commission issued another round of fines totalling £14 million in November 2018, so this trend doesn’t look to be slowing.
  • Convergence of fraud prevention and authentication: With the convergence of offline and online identities, it’s important to fight fraud and protect customers across the entire lifecycle without degrading the player experience. This can only be achieved by combining seamless customer authentication with next-generation fraud prevention, protecting against both existing and emerging threats.

The iovation 2019 Gambling Industry Report is based on detailed analysis of its more than 518 million transactions from more than 100 gambling operator and platform customers in 2018. The Gambling Industry Report is available for ICE London 2019 attendees at iovation booth number N9-500.To download the report go here.

About iovation
iovation, a TransUnion company, was founded with a simple guiding mission: to make the Internet a safer place for people to conduct business. Since 2004, the company has been delivering against that goal, helping brands protect and engage their customers, and keeping them secure in the complex digital world. Armed with the world’s largest and most precise database of reputation insights and cryptographically secure multi-factor authentication methods, iovation safeguards tens of millions of digital transactions each day.

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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EveryMatrix Press Releases

CasinoEngine pens deal to integrate Skywind Group’s gaming portfolio and engagement tools

George Miller

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CasinoEngine pens deal to integrate Skywind Group’s gaming portfolio and engagement tools
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CasinoEngine, EveryMatrix’s Casino Integration Platform, pens an agreement with Skywind Group for casino gaming content and engagement tools. Skywind will make available their extensive game portfolio to CasinoEngine’s network of leading operators across many regulated markets. To date, CasinoEngine has the largest game library in the industry, totalling over 8,000 games from 140 top suppliers.

Skywind Group provides premium content and innovative player engagement tools in regulated markets. Skywind’s portfolio of more than 230 games includes video slots, arcade gaming and branded video slot titles such as CSI:Crime Scene Investigation, Resident Evil and the recently launched The Magnificent Seven as well as Skywind’s recently launched video slot Genie Mega Reels.

In addition to premium content, CasinoEngine’s clients will benefit from Skywind’s unique range of engagement tools, such as the Bonus Coins reward which is the first of its kind, and Daily, Must-Go and innovative Split jackpots, among others.

Oren Cohen Shwartz, Skywind Managing Director, said: “EveryMatrix’s CasinoEngine is a world-class casino solution and a great distribution platform for our premium games and inventive player engagement tools. We share a dedication to enabling our partners’ growth and expansion into regulated markets. In the past year we have been awarded with five Gaming licenses in UK, Malta, Romania, Alderney and Spain and our games are certified for Sweden, Italy and more”.

Amund Stensland, CasinoEngine Chief Operations Officer, commented: “The new partnership with Skywind will significantly help our efforts of keeping CasinoEngine’s library appealing to large operators looking to enter additional markets. CasinoEngine’s mission is to help operators fill content gaps and deliver market-relevant content for their targeted territories. We are looking forward to developing our partnership in the future.”

CasinoEngine is the number one casino integration and productivity platform, aiming to help operators deliver outstanding player experiences in regulated markets. With a prominent network of clients, such as Tipico, Wunderino, Norsk Tipping, Adjarabet or newly launched BetWarrior, CasinoEngine is striving to offer the best range of services, value and support in the market.

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Press Releases

BetBuilder evolves to provide the ultimate pre-match experience

George Miller

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BetBuilder evolves to provide the ultimate pre-match experience
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Betgenius and Sportcast, the partnership behind the world’s leading B2B BetBuilder product, have joined forces once again to add even greater variety and control to pre-match betting.

Along with first-of-a-kind BetBuilder products for NFL and NBA, the launch features a full suite of complimentary products including a fully managed feed of pre-built popular bets and a wide-ranging set of player stats markets.

The integration of pre-built popular bets will help sportsbooks maximise turnover by offering hundreds of enticing same-game multis, with selections driven by the latest trending and popular bets.

A wide range of player stats markets are also now available, allowing punters to include and customise selections such as Lebron James to score 30+ points, Sergio Aguero to have 5+ shots or Tom Brady to throw 300+ passing yards.

BetBuilder now features 400+ different markets across all major football competitions, NFL and NBA, offering millions of same-game possibilities, all accessible within an all new and enhanced BetBuilder interface that promises the punter the ultimate user experience.

Matt Stephenson, Global Partnerships Director at Betgenius, said: “Our enhanced product set built in partnership with Sportcast adds even greater depth and flexibility to the pre-match experience. Our first-of-a-kind BetBuilder has delivered extraordinary returns for operators and with the addition of US sports and player props among other new features, we believe there is huge success still to come.”

Ryan Coombs, Managing Director at Sportcast, said: “It is our mission to bring the next generation of user experiences to the industry, player stats markets are a huge part of this picture and we are delighted to offer operators a suite of engaging products that further re-defines the pre-match experience.” 

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Press Releases

BETDAQ to host 2nd edition of Rider Cup golf day for Irish Injured Jockeys Fund

George Miller

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Nine-time Irish champion flat jockey Pat Smullen and three-time Champion Hurdle winner Charlie Swan will lead teams of horse racing greats from the past and present at the second edition of the BETDAQ Rider Cup at the Heritage Resort Golf Course in Co Laois tomorrow (Thursday 19th September).

The golf day, in aid of Irish Injured Jockeys Fund, mirrors the format of the biennial Ryder Cup tournament, although instead of Europe against America, it will be Flat versus jumps.

The Flat team were victorious last year and Mick Kinane, Johnny Murtagh, Chris Hayes and Leigh Roche are just a few of the names attempting to retain the trophy, while among those representing the jumps side are Paul Townend and Robbie Power.

In addition to the funds generated for the IIJF, BETDAQ will be donating a further €1000 to a charity of the winning captain’s choice and both Smullen and Swan have decided to donate it to Cancer Trials Ireland.

BETDAQ will provide live coverage, including video and score updates, from the course on its @BETDAQ Twitter page.

All funds raised by the special event will go to the Irish Injured Jockeys charity, which was set up in 2014 to raise vital funds for riders in need of support. Additional donations can be made via http://www.irishinjuredjockeys.com/donations/.

Greg Walker, PR Officer at BETDAQ, said: “We are delighted to be hosting the BETDAQ Rider Cup again which is supporting two incredible causes, the Irish Injured Jockeys Fund and Cancer Trials Ireland.

“We’re hoping this year’s event will better the sums we raised last year as well as continuing to raise awareness for the fantastic work both charities are doing.

“In team captains Pat Smullen and Charlie Swan, we have two fantastic ambassadors for the sport of horse racing and it will be great to see them as well as a number of other famous faces taking on the links.”

Michael Higgins, General Manager, Irish Injured Jockeys, said: “It’s fantastic that Greg and the BETDAQ team are once again showing their support for the Irish Injured Jockeys Fund after the success of the inaugural Rider Cup last year.

“Both teams have some fantastic personalities from the world of horse racing and we’re looking forward to another great day at the Heritage.”

 

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