Canada
PlayColorado.com: Record $327 million in January puts sportsbooks on path to $3 billion
Colorado crossed another impressive threshold in January, becoming the sixth state in U.S. history to take in more than $300 million in legal sports bets in a single month. The record-setting start to 2021 offers a strong hint for what is to come this year for Colorado’s retail and online sportsbooks, which has the potential to take in more than $3 billion in wagers this year, according to PlayColorado.com, which provides news and analysis of the state’s gaming industry.
“What’s really stuck out is just how relentless Colorado’s growth has been,” said Jessica Welman, analyst for PlayColorado.com. “Every month we get new data. Every month sportsbooks set a new state record. There has been no letup regardless of what has happened with sports schedules during this pandemic. Growth is the rule in just about every legal jurisdiction, but none have had such a long, consistent upward trajectory.”
Colorado’s online and retail sportsbooks generated a record $326.9 million in bets in January, according to data released Thursday by the Colorado Department of Revenue’s Division of Gaming. That was up 14.9% from $284.6 million in December. In every month since Colorado launched sports betting in May 2020 the state has set a fresh handle record.
Gross gaming revenue, which has not grown quite as consistently, set a fresh record in January. Sportsbooks won $22.7 million, up from $17.2 million in December and topping the previous record of $18.4 million set in November. January’s gross gaming revenue yielded $11.7 million in net sports betting proceeds, up from $5.7 million in November. That produced $1.2 million in state taxes in December.
The opening month of 2021, in addition to the $31.2 million handle sportsbooks generated on the Super Bowl, could be the beginning of a year that could bring in $3 billion in wagering, $200 million in gross gaming revenue, and more than $6 million in state tax revenue, according to PlayColorado projections.
“With a tax rate on sports betting that is lower than in most legal states, Colorado is counting on market growth to get to a point where it is a reliable revenue generator for the state,” said Ian St. Clair, analyst for PlayColorado.com. “That growth is coming more quickly than was projected last May, when we didn’t even know when major sports would return.”
Currently the sixth-largest market in terms of handle — behind No. 5 Indiana, which generated $348.2 million in January — no state has evolved quite like Colorado. For one, an abundance of home-grown tech talent has made the state appealing to operators such as PointsBet, which has set up its North American headquarters in downtown Denver. But more noticeably, Colorado’s interests have set the market apart.
Like any legal jurisdiction, the NFL playoffs drew major interest in January, generating $75 million in bets on pro football. But the NBA, which enjoyed its first full month of the 2020-21 season, fueled $88.4 million on pro basketball. And college basketball generated another $39.9 million. And continued interest in sports outside the mainstream, most notably table tennis, has made Colorado unique among U.S. markets. With $11.8 million in January bets, table tennis has now generated $78.3 million in bets since May 1.
“To put the popularity of table tennis into perspective, it accounts for a similar percentage of Colorado’s handle as hockey does in most other states,” Welman said. “In no other state is there a relatively obscure sport that commands so much attention. Amazingly, it continues to be an important piece to the success of the state’s industry, and there is no sense yet that interest is waning.”
For more information and analysis on regulated sports betting in Colorado, visit PlayColorado.com/revenue.
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Bally Bet Sportsbook & Casino app
Bally’s Interactive Launches the New Bally Bet Sportsbook & Casino App in Ontario
Bally’s Interactive, the digital and sports betting division of Bally’s Corporation, has launched the all-new Bally Bet Sportsbook & Casino app in Ontario, Canada. This latest release marks another significant milestone for the company, following the recent app update in New Jersey and a series of successful app launches in the past year, including the introduction of Bally Bet Sportsbook across multiple states and Bally Casino in Rhode Island.
The updated Bally Bet Sportsbook & Casino app represents a major step forward, as it combines the functionalities of the existing Bally Casino app and Bally Bet Sportsbook app into one comprehensive platform. Powered by White Hat Gaming, this new app allows players residing in or traveling to Ontario to conveniently place wagers on both sports and casino games using a single app, account, and universal wallet.
“We are thrilled to introduce the new Bally Bet Sportsbook & Casino app, marking a significant milestone for Bally’s. This integrated platform merges the features of our previous apps, providing players in Ontario with a seamless experience for both sports and casino betting. Our commitment to enhancing the player experience remains at the forefront as we strive to personalize the enjoyment of playing Bally Bet,” said Robeson Reeves, CEO of Bally’s Corporation.
BCLC reminds adults to gift responsibly this holiday season
With the holiday season in full swing, BCLC is reminding British Columbians to gift responsibly and scratch lottery products from their shopping lists for kids.
“Scratch & Win tickets can make great stocking stuffers for the adults in your life, but they’re not for kids,” said Ryan McCarthy, BCLC’s Director of Player Health. “The research shows that children who have early encounters with gambling are four times more likely to develop riskier gambling behaviour as they grow up. While people are out shopping for those last-minute gifts, BCLC wants adults to be aware of the potential risks associated with gifting lottery products to children and to consider safer alternatives.”
While Scratch & Win tickets are among the most common ways kids can be introduced to gambling, children are increasingly exposed to various online forms, such as gambling streams.
“With the convergence of gaming and gambling, youth are becoming more exposed to gambling content in online spaces like streaming sites, where creators are able to live-stream their own gambling, usually while playing online slots and instant games,” said Dr. Luke Clark, Director for Gambling Research at UBC. “Our research at the UBC Centre for Gambling shows that a higher frequency of watching online gambling streams is associated with a more positive attitude towards gambling and a high intention to gamble in the future.”
In B.C., it is illegal to sell lottery products to anyone under the age of 19 and BCLC encourages adults to have conversations with the kids in their lives about the risks associated with gambling.
“Open and honest conversations are crucial when it comes to navigating childhood exposure to gambling,” said McCarthy, who shared the following tips to adults:
- Monitor for gambling-related lifestyle changes. For example, developing a positive attitude towards gambling or a preoccupation with video games or streaming sites.
- Be a positive role model. Exhibit safer gambling behaviour and talk about the risks.
- Limit exposure. Monitor kids’ online activities and discourage engagement with gambling content. Explain how gambling is based on chance.
Jackpot Digital Inc., a leading provider of innovative dealerless electronic poker gaming solutions, has announced that the Alcohol and Gaming Commission of Ontario (AGCO) has approved the Company to be licensed as a registered Gaming Related-Supplier (the “Supplier License”) under the Gaming Control Act in the Province of Ontario.
This significant achievement allows Jackpot Digital to enter one of the most dynamic and rapidly growing regulated gaming markets in North America. The Supplier License authorizes Jackpot Digital to supply its electronic table games to Ontario’s gaming venues, including casinos and other regulated gaming facilities.
Jackpot Digital’s flagship product, the Jackpot Blitz electronic table game system, offers a modern, dealerless, player-friendly solution that integrates traditional multiplayer poker games with cutting-edge digital technology. The Supplier License will enable the Company to offer its innovative gaming solutions to operators throughout Ontario, driving new revenue opportunities and enhancing player experiences.
“Receiving AGCO’s approval is a major milestone. This approval provides us with the opportunity to offer our top-tier electronic gaming systems to operators throughout all of Ontario, positioning us for further growth in one of the world’s most robust gaming markets. We are excited to bring our innovative products to Ontario’s gaming community and continue our commitment to providing exciting, technology-driven entertainment experiences,” said Jake Kalpakian, CEO of Jackpot Digital.
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