Gambling in the USA
PlayPennsylvania.com: Sportsbooks generate $350 million in bets as momentum grows
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
Dealer’s Choice: Uncovering the Truth About Casino Dealer Salaries in 2024, OnlineUnitedStatesCasinos Reports
With the gambling market booming, the role of the casino dealer is becoming an increasingly enticing career prospect for many. As demand for dealers continues to rise, an estimated 43,370 jobs will be filled in the US by 2029, opening up a promising path for those interested in the industry.
While entry-level positions offer modest wages, the potential for substantial earnings is significant. Typically, dealers start with a baseline rate (with experienced individuals earning more) and boost their income through tips or “tokes,” as they’re known in the industry. Historically, dealers pocketed these tokes directly. Now, casinos are adopting a more even-handed approach by pooling and distributing them among staff.
Although Las Vegas would appear to be the pinnacle of lucrative tips for casino dealers, the reality is more complex. In an oversaturated market such as Sin City, where staff numbers are large, tip-sharing often results in lukewarm wages. In 2024, the average salary for casino dealers in Nevada is $19.96 an hour, closely aligning with the national average of $19.25 per hour. Nevada didn’t even make the list of the top five highest-paying states. The ranking is as follows.
Arizona: The average salary of casino dealers in Arizona is $66,370 yearly, the highest in the nation, with 1760 employed.
Washington: In Washington, 4030 dealers make an average of $61,290 annually.
New York: New York employs 1660 dealers, making an average of $56,080 annually.
West Virginia: The 630 casino dealers in West Virginia average $55,700 a year.
New Jersey: With 3490 dealers, New Jersey offers an average of $46,120 annually.
Aspiring casino dealers should carefully consider location and casino size when searching for opportunities. Nonetheless, many find that job satisfaction can outweigh these elements.
Jeffrey Biship, a former dealer in Missouri, said: “I dealt blackjack and craps in the worst casino in St. Louis. But even in the worst casino in probably one of the worst gambling markets in America, it had its definite plusses. On a good night, it was a blast. Sometimes I couldn’t believe that I was paid to have so much fun.”
Heather Ferris, founder and CEO of Vegas Aces and former Las Vegas dealer, said: “Dealing table games was the best job I ever had! Once you know how to deal, you don’t even think about it anymore. It becomes routine. So basically, you spend your entire time talking to people from all around the world…”
She also highlighted how events can significantly boost tips, “Special events or holidays, such as boxing matches or New Year’s Eve, can drastically increase a dealer’s tips. For example, during the Pacquiao-Mayweather fight, some dealers made up to $1500 in a single shift.”
As potential dealers enter the industry, setting realistic expectations and balancing enjoyment, salary and location is essential.
For more about casino dealer salaries in 2024, check out Heather Ferris’s article at Online United States Casinos, where she dives deep into pay rates and shares insights from her first-hand experience navigating this career.
Online United States Casinos is a comprehensive resource for gambling information with an adept team of specialists committed to accuracy. It is dedicated to empowering readers to make well-informed choices through in-depth research, unbiased reviews, and expert insights.
The post Dealer’s Choice: Uncovering the Truth About Casino Dealer Salaries in 2024, OnlineUnitedStatesCasinos Reports appeared first on European Gaming Industry News.
Ground-breaking partnership sees over 50 classic Play’n GO titles available to bet365 players in the Garden State
Play’n GO, the world’s leading casino entertainment provider, has today announced a new operator partnership in the state of New Jersey with leading operator bet365.
This partnership will be Play’n GO’s sixth in New Jersey, and sees legendary Play’n GO titles available to players in the state, including Book of Dead, Rise of Olympus 100, and Colt Lightning.
Play’n GO is now live in five US states and 30 jurisdictions around the world, with a mission to be live in every regulated market worldwide.
Magnus Olsson, Chief Commercial Officer at Play’n GO said: “Adding an operator of bet365’s caliber is always exciting and we’re looking forward to seeing our games live with them in New Jersey, one of our most important markets. It’s been a great year for Play’n GO in the US, and we’re proving that a sustainable, player-safety-led approach is the way to success in all regulated markets. We’re looking forward to many years of prosperity with bet365 in the United States, replicating our joint success back in Europe where our businesses first began working together.”
A bet365 spokesperson said: “We are proud to extend our partnership with Play’n GO into the New Jersey market. We’re determined to offer the best player experience in every market we operate in, and adding Play’n GO’s content to our platform is important to that mission.”
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 and new partnerships. Read on and get updated.
Latest News
Bally’s and SC Gaming announced the termination of their agreement to open and operate a Category 4 satellite casino near Penn State University at the Nittany Mall. Despite the split, the project remains on track to open in the first half of 2026. The decision comes three years after the two companies agreed to develop a “mini casino” in what was previously a Macy’s department store at the Nittany Mall, located just five miles from Penn State’s campus.
FanDuel, North America’s premier online gaming company, has announced it has appointed Caralyn Cooley as the company’s new Chief People Officer (CPO). Cooley will join FanDuel’s Executive Leadership Team (ELT) reporting to CEO Amy Howe. In her role as CPO, Cooley will be responsible for the continued acceleration of FanDuel’s people strategy reflecting the company’s extraordinary growth trajectory.
Interblock, the global leader in luxury table gaming products, has taken a significant step in strengthening its market leadership with the acquisition of majority share in Zuum Limited (acquisition), a premier manufacturer of Class II and Class III electronic table games (ETGs), slots, and bingo products. This strategic acquisition will enable Interblock to deliver a broader range of innovative and cost-effective gaming solutions to its customers while driving significant growth in key markets.
JCM Global (JCM) has successfully passed regulatory review and is now licensed by the New Mexico Gaming Control Board. This license enables JCM to sell and service customers directly throughout the state. This license is the latest in JCM’s wide array of awarded gaming licenses across North America and around the world and underscores JCM’s commitment to holding itself to the highest regulatory standards. JCM now maintains more than 170 active gaming licenses.
Partnerships
CT Interactive, a global provider of online gaming solutions, has announced the launch of its games on Novibet’s platforms for Mexico (www.novibet.mx) . This partnership underscores CT Interactive’s commitment to expanding its reach and delivering high-quality gaming experiences to players worldwide. Striving to offer exciting content to its users, Novibet.mx will now feature a selection of CT Interactive’s newest and most innovative games.
Hardware platform and embedded software solutions specialist Quixant has partnered with Novatrade as it continues its expansion in the Brazilian market. Novatrade specialise in expanding and accelerating organisations’ international presence and operations, with tailored solutions for every expansion phase. This collaboration positions Quixant to better support its customers in the rapidly evolving Brazilian market, as sports betting and online gaming are legalised.
Playtech announced its games supplier partnership with Rush Street Interactive. This strategic collaboration has proven successful with the launch of a variety of slots and live dealer games, on RSI platforms across New Jersey, Michigan, Pennsylvania, Ontario and Mexico under the multi-state agreement, underscoring the strong demand and performance of Playtech’s products in these markets.
SYNOT Games has made further expansion into the Peruvian market through a partnership with Betsafe, one of Betsson Group’s brands. This collaboration underscores SYNOT Games’ commitment to growing its footprint in Latin America and bringing its top-quality, innovative games to a broader audience.
The post Gaming Americas Weekly Roundup – September 16-22 appeared first on European Gaming Industry News.
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