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PlayPennsylvania.com: Sportsbooks generate $350 million in bets as momentum grows

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Pennsylvania Sportsbooks Surpass $2 Billion in Lifetime Bets, But Cancellations Weigh on Future, According to PLAYPENNSYLVANIA
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Keystone State’s momentum continues with record handle and revenue as more online casinos launch, according to PlayPennsylvania.com

A record-setting January pushed Pennsylvania’s online and retail sportsbooks past $100 million in lifetime revenue. But even with a strong start to the New Year, Pennsylvania still has much ground to gain to catch New Jersey and Nevada as the largest sports betting markets in the country, according to PlayPennsylvania.com.

“Pennsylvania’s momentum is growing, and January shows that the state’s sportsbooks can sustain it even as the NFL season winds down,” said Dustin Gouker, lead analyst for PlayPennsylvania.com. “Pennsylvania will likely remain the nation’s No. 3 market for the foreseeable future. But it is becoming clearer that it will one day challenge Nevada and New Jersey as the largest legal sports betting market in the U.S.”

Pennsylvania’s sportsbooks accepted a record $348.4 million in wagers in January, breaking the $342.6 million record set in December up dramatically from $32 million in January 2019, according to official data released Wednesday. $308.6 million, or 88.6%, of the state’s January handle came online.

January’s bets produced a record $31.6 million in gross revenue — up from $17.5 million in December. That produced $7.78 million in state taxes. With January’s gains, Pennsylvania’s sportsbooks have now generated $116.4 million in gross revenue since launching in November 2018.

Pennsylvania is still well behind New Jersey, which generated a handle of $540.1 million in January, and Nevada, which is expected to post a January handle of around $500 million. Pennsylvania’s $30.7 million handle for February’s Super Bowl was third behind Nevada ($154.7 million) and New Jersey ($54.2 million), another sign of the Keystone State’s current place in the sports betting pecking order.

“The opportunities for growth are abundant for Pennsylvania,” Gouker said. “Its population base is a huge advantage. Infrastructure issues have slowed the state’s development. But the industry is unquestionably getting past its growing pains.”

The gap between the top two online sportsbooks appears to be narrowing. FanDuel Sportsbook at Valley Forge Casino remains the market leader with $153.1 million January bets, down from $154.5 million in December. That yielded $8.1 million in taxable revenue, up from $7 million. But DraftKings at The Meadows grew to $58.7 million in January from $35.9 million in December. That produced $2.8 million in taxable revenue, up from $732,883.

DraftKings and FanDuel were followed by:

  • Rivers Philadelphia ($28.4 million in handle, down from $30.6 million in December; $2.2 million taxable revenue, up from $1.1 million)
  • Rivers Pittsburgh ($25.8 million in handle, down from $28.3 million in; $1.7 million revenue, up from $1.3 million)
  • Parx Casino ($21.3 million handle, down from $25.5 million; $2 million revenue, up from $779,529)
  • Fox Bet at Mount Airy ($15.4 million handle, down from $16.4 million; $1.3 million revenue, up from $312,658 in revenue)
  • Unibet at Mohegan Sun Pocono ($4.8 million handle, down from $6.1 million; $126,879 revenue, up from -$31,744)
  • Presque Isle Downs ($1.2 million handle, up from $129,556; $44,717 revenue, up from $28,700)

The online market could soon get a shakeup. Penn National Gaming announced that it has acquired a significant stake in Barstool Sports and with it, a recognizable brand for its online casino and sportsbook that will presumably launch later this year.

“DraftKings has been aggressively marketing itself in Pennsylvania, and it is making some headway in its attempt to catch up with FanDuel. But it still has a long way to go,” Gouker said. “Meanwhile, the expected launch later this year of the Barstool-branded online casino and sportsbook will add intrigue to a market that has been predictably controlled by the two most recognizable brands in online sports betting.”

The retail market was led by Rivers Philadelphia’s $7.4 million handle, down from $7.7 million in December. That yielded $1.1 million in revenue, up from $590,177. Rivers Philadelphia was followed by:

  • Parx ($6.7 million handle, down from $7.5 million; $875,269 revenue, up from $572,416)
  • Rivers Pittsburgh ($6.7 million handle, down from $7.5 million; $791,877 revenue, up from $518,743)
  • South Philadelphia Race and Sportsbook ($3 million handle, down from $3.3 million; $501,515 revenue, up from $328,651)
  • Harrah’s Philadelphia ($3 million handle, even with December; $219,597 revenue, up from $123,799)
  • Valley Forge Casino ($2.9 million handle, down from $3.6 million; $391,012 revenue, up from $107,145)
  • Hollywood Casino at Penn National Race Course ($2.6 million handle, down from $3.2 million; $180,249 revenue, up from $112,277)
  • Presque Isle ($2.3 million handle, down from $3 million; $281,753 revenue, down from $217,870)
  • Mohegan ($1.9 million handle, down from $2.6 million; $137,702 revenue, down from $257,956)
  • Oaks Race and Sportsbook ($973,451 handle, down from $1.2 million; $97,394 revenue, down from $65,949)
  • Mount Airy ($732,813 handle, down from $814,931 handle; $81,793 revenue, up from $73,692 in revenue)

Online casinos continue growth

Online casino games and poker generated $14 million in January gross revenue, up from $10.6 million in December. That yielded $3.4 million in tax revenue for the state.

More importantly, the roster of online casinos grew to seven in January. FanDuel/Valley Forge Casino made a big splash with its debut on Jan. 24, generating $2.1 million during the remainder of the month. FanDuel was followed by the launch of BetAmerica less than a week later.

“The online casino market should get a real jolt from FanDuel’s entrance,” Gouker said. “Integrated within FanDuel’s market-leading sportsbook app, the FanDuel Casino is ideally positioned to leverage its success as a sportsbook into success as an online casino.”

More from January’s report:

  • Rivers-Philadelphia led the online casino market with $3.5 million in revenue on $146.4 million in wagers. Revenue was up from $3 million on $181.5 million in bets in January.
  • Mount Airy/PokerStars, the lone online poker operator in the state, generated $2.2 million in January. That is more than the $1.8 million New Jersey’s online poker room generated in January, but still shy of the all-jurisdiction record $3.4 million that New Jersey claimed in January 2014.
  • Poker helped fueled Mount Airy/PokerStars to $3.5 million in revenue, about the same as December.

For more information on the revenue generated by Pennsylvania sports betting, visit www.playpennsylvania.com/revenue.

Gambling in the USA

Celebrate Fast Times! Sonic Dash Surpasses 500 Million Milestone as Fans Honour 30th Anniversary of Sonic the Hedgehog

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Celebrate Fast Times! Sonic Dash Surpasses 500 Million Milestone as Fans Honour 30th Anniversary of Sonic the Hedgehog
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Beloved IP continues to drive mobile game download growth from loyal global fan base

SEGA of America, Inc. today announced that its hit mobile game Sonic Dash has surpassed a major milestone on mobile devices. Since initially launching in 2013, the game has achieved more than 500 million downloads worldwide. The endless runner game, which stars the famous blue hedgehog running, dashing, jumping, and spinning across stunning 3D environments, is the most played Sonic mobile game ever!

Sonic Dash’s major milestone also falls during the 30th Anniversary of Sonic the Hedgehog, which SEGA is celebrating with fans around the world! From the small mobile screen to the silver screen, the Blue Blur is still capturing the hearts of audiences. Last year saw the first live-action movie release of Sonic the Hedgehog, and now the next chapter of Sonic the Hedgehog 2 is hotly anticipated to release next year in 2022.

Sonic Team’s Takashi Iizuka: “Achieving over 500 million downloads is a huge testament to the endurance of the Sonic brand and the truly fun, timeless gameplay of Sonic Dash. We appreciate our loyal fans as well as our partnership with both Apple and Google for their enduring support in showcasing Sonic Dash in the App Stores. This milestone could not have been achieved at a better time!”

SEGA HARDlight’s Studio Director, Neall Jones: “We continue to be amazed at Sonic Dash’s loyal fans and how the game is still driving millions of new downloads every month. A massive thank you to all Sonic Dash fans. We look forward to continuing to provide you with new and innovative in-game events built around the ever-expanding Sonic universe, for years to come.”

Sonic Dash was developed by HARDlight, a SEGA of Europe studio. The studio is also behind another wildly popular mobile multiplayer runner: Sonic Forces. HARDlight produces regular events in Sonic Dash, featuring collaborations with highly recognized IP. Starting Friday, September 17, fans can also join a special event in Sonic Dash, honoring this 500 million milestone.

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Gambling in the USA

Gaming Americas Weekly Roundup – September 6-12

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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, new partnerships and compliance updates. Read on and get updated.

Latest News

Rush Street Interactive has launched its own branded online live casino studios in both Pennsylvania and New Jersey. The studios will supply live dealer games to the BetRivers online casino in Pennsylvania and PlaySugarHouse online casino in New Jersey.

888 Holdings has announced the launch of SI Sportsbook in Colorado. SI Sportsbook combines 888’s world-class proprietary and scalable technology with Sports Illustrated’s iconic brand to create a unique value proposition for sports fans.

Gaming Realms has announced that its first Slingo game has now gone live in Pennsylvania, following the company’s recent award of an interactive gaming manufacturer license in the state.

Tipico Sportsbook has selected Colorado as the site for its new technology hub. The sportsbook expects as many as 441 jobs to be brought to the area over the next eight years.

International Game Technology has announced that its world-class PlaySports platform footprint will expand into Wisconsin through an agreement to power sports betting at Oneida Casino, on the Oneida Nation Reservation.

Internet Vikings has launched its iGaming hosting services in Colorado. This follows its recent launch in West Virginia. This new launch is just the second step in Internet Vikings’ expansion into the US with 11 more states expected to come onto their map by the end of the year.

DraftKings has announced the addition of its new and exclusive game DraftKings Rocket to the DraftKings Casino product suite. The game is currently available in New Jersey with Michigan and West Virginia to follow pending regulatory approval.

New Partnerships

BetMGM has entered into a strategic partnership with Casino del Mar at La Concha Resort in Puerto Rico. Subject to regulatory approvals, BetMGM will expand its retail and mobile sports betting offerings to Puerto Rico, signifying the company’s first market access agreement outside of the U.S. mainland.

MegaFans, a mobile gaming company headquartered in Southern California, has partnered with Launchpool Labs and joined their first incubator programme which kicked off Sept. 1, 2021.

As the Denver Pioneers prepare for a new sports season, Denver Sports Properties has announced a multi-year agreement with its first corporate sports betting partner, SuperBook Sports. The agreement, facilitated by Playfly Sports, will include branding, media hospitality and social media assets with a focus on responsible gaming and education for student-athletes.

Baltimore Ravens and Caesars Entertainment announced a partnership in which Caesars Sportsbook will be the NFL club’s “premier sports betting partner” while also expanding the Ravens’ relationship with Horseshoe Baltimore casino.

Esports Entertainment Group has signed a partnership agreement with Game Fund Partners LLC to become a part of their Venture Capital Arm and a new planned $300 million game fund.

Genius Sports has expanded its existing agreement with WynnBET to provide the operator with official National Football League sportsbook data, content and fan engagement solutions.

Compliance Updates

Genius Sports Limited has announced that it has been granted a long-term Online Sports Wagering Vendor Permit by the Wyoming Gaming Commission.

The company has also secured a temporary event wagering supplier license from the Arizona Department of Gaming.

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Gambling in the USA

High 5 Games Gets Social With NetEnt

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High 5 Games Gets Social With NetEnt
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Titles from NetEnt are available on High 5 Games’ social casino in free-to-play markets including the United States

 High 5 Games announced the addition of NetEnt games to its social casino. Players in the United States and other free-to-play markets now have access to all NetEnt titles. Games are available to play at High5Casino, on Facebook, and via the High 5 Casino app on iOS and Android.

Yana Tsyganova, VP Operations of High 5 Games, commented: “We’re thrilled to bolster our relationship with Evolution Group and bring our social casino players in the United States the same NetEnt titles that real-money players all over the world can’t get enough of. With the addition of these new NetEnt slots, we’re doubling down on our commitment to the social casino scene and giving players what they want, no matter where they choose to play.”

Titles from NetEnt are already available on High5Casino.com for real money in a number of international markets. With the expanded Evolution Group partnership, players accessing the free-to-play casino in the United States and other jurisdictions where real-money games aren’t available will have access to NetEnt’s most popular slots.

 

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