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Gambling in the USA

New Jersey bettors flock to sportsbooks, online casinos in August

George Miller

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New Jersey bettors flock to sportsbooks, online casinos in August
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New Jersey’s online and retail sportsbooks posted dramatic year-over-year gains in August and the state’s total handle is once again poised to surpass Nevada. In all, New Jersey’s combined handle has more than tripled from August 2018, the month online sports betting launched, a striking gain that has the Garden State establishing itself as the largest legal sports betting jurisdiction in the country, according to PlayNJ.com analysts.

“New Jersey has successfully managed to shrug off competition and continue to grow, and at a faster rate than initially expected,” said Dustin Gouker, lead sports betting analyst for PlayNJ.com. “With new operators launching in September and the NFL season in full swing, New Jersey’s upward trajectory should continue, even as neighboring Pennsylvania expands online sports betting.”

With the kickoff of the college football season in August and NFL futures betting heating up, New Jersey’s sportsbooks accepted $293.6 million in bets for the month, according to official reporting released Thursday. That is up 17% from $251.3 million in July 2019.

August’s combined online and retail handle will likely surpass Nevada, which will posted $247.6 million in August 2018. And in a testament to the industry’s growth, New Jersey’s handle was up 207% from $95.6 million in August 2018. August’s bets yielded $25.2 million in revenue, up 174% from $9.2 million in August 2018 and up 42% from $17.8 million in July.

The success of sports betting continues to be a boon for the state. By amassing $3.8 billion in bets and nearly $250 million in revenue since launching in June 2018, online and retail sports betting has generated $28.9 million in tax revenue for the state.

“By injecting $30 million in tax revenue in just over a year, there can be little question that sports betting has been an unqualified success for New Jersey,” said Eric Ramsey, online gambling analyst for PlayNJ.com. “With a more mature industry ready as football gets into full swing, the next few months could show dramatic gains, too.”

Online sports betting continues to be the driving force, tallying $249.2 million in August bets. Online betting represented 85% of the state’s total handle, the same percentage as July.

FanDuel Sportsbook/PointsBet continues to capture the largest share of the online market, gaining $9.3 million in gross revenue, up from $7.3 million in July. Rival DraftKings — which represents the vast majority of Resorts’ online revenue — fueled Resorts to a $6.7 million month, up from $3.7 million in July. The online market leaders were followed by:

  • Monmouth/William Hill/Sugarhouse ($1.4 million, up from $1.7 million in July)
  • Ocean Resort/William Hill ($915,129, up from $645,956)
  • Caesars Sportsbook/888sport ($340,832, up from $236,254)
  • playMGM/Borgata ($261,312, up from $163,086)
  • Golden Nugget/BetAmerica ($181,427, up from $127,349)
  • Hard Rock ($106,487, up from $24,669)
  • Tropicana/William Hill ($39,638, up from $14,968)

FanDuel Sportsbook at The Meadowlands also remained the retail leader, posting $2.6 million in August gross revenue, up from $1.8 million in July. FanDuel was followed in gross revenue by:

  • Monmouth Park ($697,075, up from $321,694 in July)
  • Borgata ($669,669, down from $696,392)
  • Resorts AC ($527,158, down from $544,990)
  • Ocean Resort ($353,832, up from -$59,040)
  • Tropicana Casino ($284,335, up from $111,281)
  • Bally’s AC ($278,169, up from $256,137)
  • Golden Nugget ($263,030, up from $96,373)
  • Hard Rock AC ($182,995, up from $129,322)
  • Harrah’s AC ($155,715, up from $113,530)

“The addition of new online sportsbooks, including bet365 in late August and TheScore in September, is a good indication that the market still has room to grow,” Gouker said. “That said, the beginning of the NFL season should benefit those operators who offer the most engaging and user-friendly products. It is feasible that FanDuel and DraftKings could increase market share in the coming months.”

Online casinos set new revenue record

New Jersey’s online casino and poker industry hit yet another monthly revenue record in August, and in doing so is neared the total revenue generated in all of 2018. In all, online casino games and poker generated $41.1 million in August, topping the record of $39.3 million set in July.

August’s total — which was up 66% from $24.8 million in August 2018 — gives the industry $297.9 million in revenue for the year. In just eight months, the industry has nearly eclipsed the $298.7 million the industry generated in 2018.

“Bettors’ thirst for online casino games in New Jersey seems to be unquenchable, and could feasibly generate nearly $500 million this year,” Ramsey said. “It’s conceivable the launch of online gambling in Pennsylvania could slow the momentum in New Jersey, but right now we’re seeing no signs of the growth letting up.”

Some other important online casino and poker data from the August report:

  • Online casinos generated $6.2 million in tax revenue and has now injected $230 million into government coffers since launch in November 2013.
  • The Golden Nugget continues to dominate the market, generating $15 million in August, up from $14.9 million in July. Resorts Digital remained second with $7.5 million, up from $6.9 million in July.
  • The industry generated $1.3 million per day during the 31 days of August, up from $800,147 per day in August 2018.
  • Online casino games generated $39.4 million in August, up from $36.3 million in July. Online poker hit $1.7 million, down from $1.9 million in July.

For more information and analysis on regulated sports betting and online gaming in New Jersey, visit PlayNJ.com.

 

About the PlayUSA.com Network:
The PlayUSA.com Network is a leading source for news, analysis, and research related to the market for regulated online gaming in the United States. With a presence in over a dozen states, PlayUSA.com and its state-focused branches (including PlayNJ.com and PlayPennsylvania.com) produce daily original reporting, publish in-depth research, and offer player advocacy tools related to the advancement of safe, licensed, and legal online gaming options for consumers. Based in Las Vegas, the PlayUSA Network is independently owned and operated, with no affiliations to any casino — commercial, tribal, online, or otherwise.

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

IGT PlaySports Bank and PlaySports Pod Make World Debut at G2E 2019

George Miller

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IGT PlaySports Bank and PlaySports Pod Make World Debut at G2E 2019
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New sports betting hardware gives operators added flexibility for how and where they offer sports betting

International Game Technology PLC announced today that the Company will debut its latest sports betting solutions, the IGT PlaySports Bank and PlaySports Pod, at the Global Gaming Expo (“G2E”) this week in Las Vegas.

The PlaySports Bank and PlaySports Pod feature three intuitive, self-service betting kiosks and are topped with high-definition multi-media displays that can showcase a range of content including live sporting events, betting odds, lines, game day feeds and more. The PlaySports Bank is designed to go against a wall, while the PlaySports Pod can be deployed in a standalone setting.

“IGT PlaySports Bank and PlaySports Pod are designed to expand sports betting beyond the sportsbook. They provide our customers with creativity and control in designing their sports betting offerings while improving the player experience and reducing operating costs,” said Enrico Drago, IGT PlayDigital Senior Vice President. “We are excited to add the PlaySports Bank and PlaySports Pod to our market-leading PlaySports portfolio, as they offer a compelling way for our customers to benefit from new sports betting market opportunities.”

IGT PlaySports is currently powering sports betting in ten U.S. states. The Company will showcase the full capabilities of its PlaySports solution and sports wagering peripherals in booth 3659 at G2E. To learn why winners choose IGT PlaySports visit IGT.com.

 

About IGT:
IGT (NYSE:IGT) is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Digital and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has over 12,000 employees. For more information, please visit www.igt.com.

The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.

 

SOURCE IGT

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Gambling in the USA

Playtech to showcase full suite of omni-channel solutions at G2E 2019

George Miller

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Playtech to showcase full suite of omni-channel solutions at G2E 2019
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Global leader opens first US office to replicate worldwide success in U.S. regulated markets

Playtech, the global leader in gambling technology, is set to demonstrate its truly omni-channel suite of integrated, innovative gaming and betting solutions, known in the industry as Playtech ONE, at this week’s Global Gaming Expo 2019 in Las Vegas.

Playtech ONE delivers the end customer a real time, seamless experience across retail and online and across any product vertical, including Playtech’s industry leading Casino, Live Casino and Sports Betting offerings.

Playtech ONE is underpinned by Playtech’s proprietary IMS platform, offering data driven marketing tools and player retention and engagement – including industry leading Responsible Gambling features to ensure a safer entertainment driven customer experience. Playtech offers U.S. licensees everything they need to deliver a seamless player experience anywhere, at any time and on any device through a single account and wallet.

With $1 billion traded globally on sports each month via Playtech’s retail and online sportsbook products, the supplier is helping U.S. operators develop powerful customer-facing products with digital and mobile software proven to generate incremental revenues.

Totaling a 60,000-strong kiosk distribution representing one in three of every bets placed in European venues, including Ladbrokes in the UK, OPAP in Greece, and Codere in Spain, the Playtech team will be on hand to demonstrate its comprehensive range of omni-channel technology, content and responsible gaming tools.

Coinciding with its opening of a NY-based HQ, Playtech’s full range of on-property sports betting products will take centre stage at G2E. Including kiosks, space-saving compact terminals, and over the counter tellers, the company is set to showcase its latest state-of-the-art features, including its new Flexi-Bonus Engine, which uses sophisticated rule-based promotional campaigns for maximum flexibility. Debuting alongside will be the company’s Operator Trading Tools, which allow all operators to adjust and skew odds, as well as add prop bets at the click of a button.

Playtech ONE will also make its first Las Vegas appearance, encompassing Live Casino and Casino. With its latest Live Roulette set to feature heavily, this highly immersive experience brings visuals, sound and dealer presentation together to deliver an engaging combination of visual appeal and innovative gameplay.

With nine distinct global studios now developing content under the Playtech umbrella, the world’s leading supplier is able to deliver bespoke titles in record time and under budget across a wide range of territories, as well as offering an unrivalled selection of games to suit a range of demands via its Open Platform.

Visitors can meet the Playtech team at booth 5323 to experience its complete range of fully integrated omni-channel sports betting and gaming products.

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Gambling in the USA

Table Trac to showcase DataTrac at the G2E Las Vegas

George Miller

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Table Trac to showcase DataTrac at the G2E Las Vegas
Reading Time: 1 minute

 

Table Trac, Inc. announces that it will be showcasing the newest addition to CasinoTrac Casino management System, DataTrac at the upcoming Global Gaming Expo (G2E) conference October 15 – 17, 2019 at the Sands Expo in Las Vegas.

DataTrac provides valuable in-depth insight to the performance of the slot floor, pit, and player performance, in addition to measuring the success of current promotional strategies. DataTrac incorporates easy to read visualizations and dashboards and empowers users to get the most out of their data.

Keeping a properties information safe and secure is our top priority and DataTrac does just that! Enjoy peace of mind knowing that all your data stays on your property with no need for third party vendors or cloud services. DataTrac is fully integrated into the CasinoTrac Casino Management software, giving users the information they need to make decisions in real time.

For more information on DataTrac and CasinoTrac CMS, visit us at Booth 1636.

 

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed with over 90 operators, representing more than 150 sites, in North, South, and Central America, as well as the Caribbean. More information is available at http://www.tabletrac.com/.

 

SOURCE: Table Trac, Inc.

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