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Gambling in the USA

Americans Will Wager $8.5 Billion on March Madness

George Miller

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Americans Will Wager $8.5 Billion on March Madness
Photo Source: streakingthelawn.com
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47 Million People Plan to Place Bets on NCAA Men’s Basketball Tournament

 

Americans plan to wager $8.5 billion on this year’s NCAA men’s basketball tournament, with 1-in-5 adults placing a bet, according to a new survey released today by the American Gaming Association (AGA).

Key findings from the survey, conducted by Morning Consult, include:

  • 47 million American adults will wager $8.5 billion on March Madness;
  • $4.6 billion will be wagered on a collective 149 million brackets by more than 40 million people;
  • Nearly 18 million people will wager $3.9 billion at a sportsbook, online, with a bookie or with a friend;
    • 4.1 million will place a bet at a casino sportsbook or using a legal app;
    • 2.4 million will bet illegally with a bookie; and
    • 5.2 million will bet online, likely at illegal offshore sites.
  • The plurality of bettors favors Duke (29%) to win, followed by Gonzaga (9%), North Carolina (8%), Kentucky (7%), Virginia (5%) and Michigan (5%).

“During this year’s tournament – the first in post-PASPA America – sports fans are expected to bet 40% more than they did on this year’s Super Bowl,” said Bill Miller, AGA’s president and chief executive officer. “Unlike any other sporting event in the country, March Madness attracts millions who fill out brackets, make casual bets with friends or wager at a legal sportsbook, which Americans can now do more than ever before.”

Since the U.S. Supreme Court’s ruling in May 2018, more than $5.9 billion has been wagered in the now-eight states with legal, regulated sports betting, enabling consumer protections and generating valuable tax revenue for state, local and tribal governments across the country.

“These results indicate there’s still work to do to eradicate the vast illegal sports betting market in this country, and we’re committed to ensuring sound policies are in place to protect consumers, like the 47 million Americans who will bet on March Madness,” continued Miller.

Sports betting legalization is currently being considered in 23 states across the country.

Methodology

This survey was conducted on behalf of the AGA by Morning Consult between March 1-7, 2019, among a national sample of 11,002 adults. The interviews were conducted online, and the data were weighted to approximate a target sample of adults based on age, race/ethnicity, gender, educational attainment and region. The margin of error is +/- 1% and greater among subgroups. Bettors include those who expect to place a bet online, with a bookie, with a casino sportsbook, casually with a friend or participate in a bracket contest.

 

About AGA

The American Gaming Association is the premier national trade group representing the $261 billion U.S. casino industry, which supports 1.8 million jobs nationwide. AGA members include commercial and tribal casino operators, gaming suppliers and other entities affiliated with the gaming industry. It is the mission of the AGA to achieve sound policies and regulations consistent with casino gaming’s modern appeal and vast economic contributions.

Source: American Gaming Association

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

GAN Reports Internet Gambling Growth in New Jersey for June 2019

Niji Narayan

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GAN Reports Internet Gambling Growth in New Jersey for June 2019
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GAN plc has updated the market following the publication on July 13, 2019, by the New Jersey’s Division of Gaming Enforcement (DGE) of Internet gaming and Internet sports betting financial information for the month of June 2019 in New Jersey.

DGE highlighted that internet gaming win was $38.1 million in June compared to $22.7 million in the prior year period, reflecting a year-over-year increase of 67.8%. Total internet sports wagering handle was approximately $226.7 million for the month of June, compared to $263.6 million in May.

Gross revenues from the internet sports wagering for the month of June were $6.9 million, compared to $13.7 million for the month of May.

This information is updated and published every month, following publication by the DGE, in order to enable the investor community to readily monitor the growth of Internet gambling in New Jersey, which remains a key market for GAN.

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Gambling in the USA

Gaming Arts All Set for OIGA Conference and Trade Show 2019

Niji Narayan

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Gaming Arts All Set for OIGA Conference and Trade Show 2019
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Gaming Arts LLC is going to present its innovative Class III video reels and SuperPROMO™ at the OIGA Conference and Trade Show (OIGA), in association with Gaming Capital Group.

“OIGA presents a significant opportunity to support Oklahoma’s tribal gaming enterprises. We are thrilled to present our unique and innovative line up of video reels and casino marketing promotional tools to our tribal partners,” Mike Dreitzer, President of Gaming Arts said.

Gaming Arts will display its inaugural collection of Class III slots including the Pop’N Pays®, Da Fa Ba™, and Dice Seeker™ series of games, all of which will showcase the Rocket Rollup™ mystery progressive. The Pop’N Pays series of games, namely Piñatas Olé® and Big Top™, are the first to emerge from the Gaming Arts library with more than 80 cabinet placements in the United States and growing.

SuperPROMO™, the world’s first casino-wide interactive promotional game system, will demonstrate a new method of casino promotion through four fully customisable mobile games that can be presented to players for virtually any type of promotion.

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Gambling in the USA

NetEnt games live in Pennsylvania, USA

George Miller

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NetEnt games live in Pennsylvania, USA
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As expected, the new regulated online gambling market in Pennsylvania has opened. After successful integrations, NetEnt’s games are now live in the US state.  

 

In March this year, NetEnt, through its subsidiary NetEnt Americas LLC, was granted an Interactive Gaming Manufacturer Conditional License by the Pennsylvania Gaming Control Board (PGCB).

Pennsylvania is the second large US state to regulate online casino and with almost 13 million people, it is the fifth largest state by population. The state has a long tradition of gambling on the land-based side. As previously communicated, NetEnt has signed customer agreements with several gambling operators in the state and has been preparing to launch its games as the market opens.

“I am very pleased that the market in Pennsylvania has now opened. We are one of the few online casino suppliers offering our games right from the start, and I am convinced that our award-winning online casino games will be much appreciated by players in Pennsylvania,” says Erik Nyman, Managing Director NetEnt Americas LLC.

 

About NetEnt:

NetEnt Americas LLC is a US subsidiary of NetEnt AB (publ), a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform. NetEnt is committed to helping customers stay ahead of the competition, is listed on NASDAQ Stockholm (NET–B) and employs 900 people in Malta, Stockholm, Kiev, Krakow, Gothenburg, Gibraltar and New Jersey. www.netent.com

 

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