Connect with us

Canada

Michigan Internet Gaming and Sports Betting Operators Report Combined $216.4M in March Total Gross Receipts

Published

on

 

Michigan commercial and tribal operators reported a combined $216.4 million total internet casino gaming gross receipts and gross sports betting receipts in March. Gross receipts increased 26.7% compared with February results.

March internet gaming gross receipts were a Michigan record $171.8 million, surpassing the previous total gross receipts record of $153.7 million set in January. Gross sports betting receipts totaled $44.6 million. In March 2022, internet gaming gross receipts were $131.67 million, and gross sports betting receipts were $30.48 million.

Combined total internet gaming and internet sports betting adjusted gross receipts were $186.09 million, including $154.65 million from internet casino gaming and $31.44 million from internet sports betting. Internet gaming adjusted gross receipts increased 30.4% from the $118.58 million recorded in March 2022, and internet sports betting adjusted gross receipts improved 114.5% from the $14.66 million total recorded in March a year ago.

March 2023 combined adjusted gross receipts were 31.3% higher than the $141.73 million in total adjusted gross receipts logged in February 2023.

For the first quarter of 2023, internet gaming adjusted gross receipts totaled $426.3 million, and internet sports betting adjusted gross receipts were $57.7 million. Michigan operators reported $338.3 million in internet gaming adjusted gross receipts and $29.9 million in internet sports betting adjusted gross receipts during the first quarter of 2022.

Total internet sports betting handle at $407.7 million was down 9.7% from the $451.6 million handle recorded in March 2022. March 2023 handle was up 18.2% from the February 2023 handle of $344.9 million.

The operators reported submitting $33.2 million in taxes and payments to the State of Michigan during March including:

  • Internet gaming taxes and fees: $31.3 million.
  • Internet sports betting taxes and fees: $1.9 million

The three Detroit casinos reported paying the City of Detroit $9.1 million in wagering taxes and municipal services fees during March including:

  • Internet gaming taxes and fees: $8.2 million
  • Internet sports betting taxes and fees: $865,916

Tribal operators reported making $3.7 million in payments to governing bodies in March.

Powered by WPeMatico

Continue Reading
Advertisement

Canada

IGT Signs Agreement to Deploy 720 Sierra27 Video Lottery Terminals Across Saskatchewan

Published

on

igt-signs-agreement-to-deploy-720-sierra27-video-lottery-terminals-across-saskatchewan

 

IGT announced that its subsidiary, IGT Canada Solutions Limited (IGT), signed an agreement with Western Canada Lottery Corporation (WCLC) to supply 720 additional Sierra27 video lottery terminals (VLTs) in 2026. The agreement strengthens IGT’s position as a leading VLT supplier in Canada and marks the second consecutive year that IGT has been selected through WCLC’s competitive VLT procurement process.

“WCLC selected IGT through a competitive procurement process, and these additional Sierra27 VLTs will support our venue network with hardware and content designed for the Canadian market. IGT has been a longstanding supplier to WCLC, and we look forward to continuing our work together,” said Eric Karmark, WCLC Vice President, VLT Gaming & Operations.

“As the leading VLT supplier in Canada, IGT is uniquely positioned to help WCLC enhance venue performance and player experiences with proven products and solutions backed by decades of market experience. This significant agreement with WCLC for 720 additional IGT Sierra27 VLTs reinforces the strength of our outstanding collaboration in providing games that excite and engage players,” said Chad Helm, IGT VP of Sales, Canada and Oregon.

IGT’s versatile Sierra27 VLT delivers comfort and serviceability and features two high-definition 27-inch screens, a 13.3-inch dynamic player panel with dual bash buttons, and a wireless inductive charger. The Sierra27 VLT is backed by a large library of high-performing content and games designed specifically for players in Canada, including Big City 5’s Diamond, Tiki Tiki Tiki Mayhem, Cash Climb Garden of Hesperides, and more.

The post IGT Signs Agreement to Deploy 720 Sierra27 Video Lottery Terminals Across Saskatchewan appeared first on Americas iGaming & Sports Betting News.

Continue Reading

Affiliate Succes

Media Troopers reports early lift in Alberta after market launch

Published

on

media-troopers-reports-early-lift-in-alberta-after-market-launch

Media Troopers says it is seeing early signs of increased engagement after the first week of operations in Alberta’s newly regulated online gambling market, which launched on July 13.

The company said it supported marketing campaigns with six partner operators in the first week, and reported a rise in first-time registrations and depositors across its verticals. Media Troopers added that it is rolling out a phased launch strategy and is now onboarding nine additional operators.

“As with every new market, we are implementing in Alberta phased launch that enables us to carefully optimize in real time our advertising channels and marketing campaigns,” said Shmulik Segal, CEO at Media Troopers.

Media Troopers pointed to its established presence in Ontario as a reference point for Alberta’s long-term potential. The company cited iGaming Ontario figures showing total wagers in Ontario peaked at $82.7 billion and total gaming revenue reached $2.9 billion in the 24-25 fiscal year, up 32% and 31% year-over-year, respectively.

“Given the launch corresponded with the final stages of the FIFA World Cup, we are seeing encouraging results so far. However, as with any new market, the real challenge will be sustaining growth after the initial buzz. Still, early signs show promise,” Segal added.

The post Media Troopers reports early lift in Alberta after market launch appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Affiliate Industry

Media Troopers reports early traction in Alberta after regulated market launch

Published

on

media-troopers-reports-early-traction-in-alberta-after-regulated-market-launch

Media Troopers said it is seeing promising early performance after the first week of operations in Alberta’s newly regulated online gambling market, which launched on July 13.

Alberta’s launch makes it Canada’s second competitive regulated market after Ontario, which opened in 2022. Media Troopers said Alberta’s framework creates a new opportunity for operators and suppliers targeting local players through regulated channels.

The company said it supported various marketing campaigns with six partner operators during the market’s first week, reporting increased engagement across verticals, including a rise in first-time registrations and depositors. Media Troopers added that it is taking a gradual approach to launching in the province and is in the process of onboarding nine additional operators.

“As with every new market, we are implementing in Alberta phased launch that enables us to carefully optimize in real time our advertising channels and marketing campaigns,” said Shmulik Segal, CEO at Media Troopers.

Media Troopers pointed to its Ontario experience as a benchmark for Alberta’s potential. According to figures published by iGaming Ontario, total wagers in the province peaked at $82.7 billion while total gaming revenue totaled $2.9 billion for the 24-25 fiscal year, a rise of 32% and 31% year-over-year, respectively. “Given the launch corresponded with the final stages of the FIFA World Cup, we are seeing encouraging results so far. However, as with any new market, the real challenge will be sustaining growth after the initial buzz. Still, early signs show promise,” Segal added.

The post Media Troopers reports early traction in Alberta after regulated market launch appeared first on Americas iGaming & Sports Betting News.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania