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Gambling in the USA

Pennsylvania Sportsbooks Surpass $2 Billion in Lifetime Bets, But Cancellations Weigh on Future, According to PLAYPENNSYLVANIA

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A busy February pushed Pennsylvania’s retail and online sportsbooks past $2 billion in wagers since the industry was launched. But with every major U.S. sport suspended indefinitely, the immediate future for Pennsylvania’s sportsbooks and online casinos is far less certain, according to analysts from PlayPennsylvania.

“The next few months are impossible to predict until we get a better handle on how long the coronavirus will affect, not just sports and the gaming industry, but all of daily life,” said Dustin Gouker, lead analyst for PlayPennsylvania.com. “The immediate outlook of sportsbooks is secondary right now. But there is little doubt that the industry will be affected significantly, at least in the short-term.”

Pennsylvania’s sportsbooks produced $329.8 million in wagers, just short of the $348.4 million record set in January, according to official data released Wednesday. Pennsylvania has now collected $2.1 billion in online and retail wagers since the state’s industry was born in January 2019. By doing so, the Keystone State joined Nevada and New Jersey as the only states to have crossed the $2 billion threshold.

February’s handle produced $4.7 million in gross revenue, down from January’s record $31.6 million. Sportsbooks rebounded from a $3.3 million loss on the Super Bowl, which generated $30.7 million in bets. The revenue resulted in a $1.6 million injection into state coffers. Online betting produced $294.1 million, or 89.2%, of the state’s February handle. The online handle generated $4.7 million in gross revenue, providing all of the state’s taxable revenue.

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That revenue will be difficult to replace over the next few weeks.

“Revenue from online casinos should help fill in the gaps, at least in part, while sportsbooks and land-based casinos feel the impact from COVID-19,” Gouker said. “In New Jersey, online casino revenue already tops $50 million per month, and revenue could really leap forward in Pennsylvania, too. But it will be impossible to completely replace all the revenue lost from the sports world going dark.”

FanDuel Sportsbook at Valley Forge Casino dominated the online market with $138.5 million in February bets, down from $153.1 million in January. That yielded $146,080 in taxable revenue.

Rivers-Philadelphia’s $7.2 million handle, down from $7.4 million in January, led the retail market. That yielded $383,793 in revenue, down from $1.1.

“After a slow start, Pennsylvania sportsbooks have continually matured into the market that we all thought it would be when the state first legalized sports betting,” Gouker said. “The state has only begun to scratch the surface of its potential. In fact, Pennsylvania was on track to reach $4 billion in lifetime handle by the beginning of the NFL season. But it would take a quick recovery from the coronavirus outbreak to reach that milestone now.”

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Online casinos

Pennsylvania’s online casinos and poker rooms generated a record $19.5 million in February gross revenue, up from $14 million in January. Casinos and poker generated $672,097 per day in the 29 days of February. February yielded $4.7 million in tax revenue for the state, and online casino games attracted $547.6 million in bets.

“Online casinos have dealt with headwinds that have been more forceful than anything that New Jersey operators have had to face,” Gouker said. “These are mostly just growing pains, and it is a near-certainty that online casinos will take off.”

For more, www.playpennsylvania.com/revenue.

About the PlayUSA.com Network:
The PlayUSA.com Network and its state-focused branches is a leading source for news, analysis, and research related to the market for regulated online gaming in the U.S.

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SOURCE PlayPennsylvania

Gambling in the USA

Jackpot.com Inducted as Associate Member in North American Association of State and Provincial Lotteries (NASPL)

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Online lottery courier welcomed by the industry-leading group.

Leading online lottery courier, Jackpot.com, announced today that it has received approval to join NASPL as an Associate Member organization. NASPL represents 53 lottery organizations across North America, advocating on matters of general lottery policy and leveraging collaboration, communication, education, and information for the advancement of the industry. Jackpot.com is excited to join this dynamic community, bringing years of knowledge and experience to help impact and support its ongoing growth.

“It is an absolute honor to be joining the NASPL community,” said Akshay Khanna, CEO and Co-Founder of Jackpot.com. “As Jackpot.com continues to grow and expand its presence in additional member states, we could not be more excited to collaborate with regulators and other NASPL members to help sustain future opportunities for contributing to worthy causes and the drive towards responsible gaming.”

Since its inception, Jackpot.com has made responsible gaming a focal point in their operations and is the only lottery courier service to launch with iCap certification from the National Council on Problem Gambling. The company has set a new standard for responsible gaming and has significantly invested in integrating gaming protections that include allowing customers to set spend limits, setting default limits on daily deposits, providing access to local and national responsible gambling resources, self-exclusion, self-suspension and automated notifications that offer help should problematic behavior be detected.

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“NASPL is pleased to have Jackpot.com as an associate member; and look forward to working with them throughout the year and beyond”, said Jake Coy, Director of Partner Relations at NASPL.

Jackpot.com currently operates in Massachusetts, Arkansas, New York, Ohio and Texas, and has received investments from major investors in sports, entertainment, and gaming, such as Dallas Cowboys, New York Yankees, San Francisco 49ers, the Tisch family (co-owners of the New York Giants), the Haslam Sports Group (owners of the Cleveland Browns and Columbus Crew), Kraft Sports & Entertainment (owners of the New England Patriots), Michael Rubin (founder of Fanatics), and NBA stars James Harden and Joel Embiid.

For more information, please visit Jackpot.com.

 

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Gambling in the USA

Thousands attend grand opening of Pinkbox Doughnuts® at the Pahrump Nugget Hotel & Casino in Pahrump, Nevada

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Thousands of people gathered Saturday morning for the grand opening of the award-winning and wildly popular Pinkbox Doughnuts ® at the Pahrump Nugget Hotel & Casino, located at 681 Hwy. 160.

The grand opening event started with an official ribbon-cutting with numerous local dignitaries including:

  • Justice of the Peace for Nye County Michele Fiore,
  • Nye County Sheriff Joe McGill, and Jenney Sartin,
  • CEO of the Pahrump Valley Chamber of Commerce.

At the event, Pinkbox Doughnuts also made donations via large check presentations to the Pahrump Valley High School and Pat Leming of Never Forgotten Animal Society. Pinkbox’s signature grand opening festival-style celebration followed with performances by the Pahrump Valley High School Dance Team and numerous family friendly activities such as balloon art, face painting, and games. Records were broken in doughnut eating contests, and winners received a Pinkbox Doughnuts gift card. In addition, three lucky customers who found a “Pink Ticket” in their doughnut won free doughnuts for a year.

Located by the hotel entrance, across from the registration desk, the new Pinkbox Doughnuts shop welcomes guests with its fun design elements and trademark décor, including pink drips, a graffiti wall, and an over-sized Pinky statue that is a perfect companion for photos.

An illuminated oversized doughnut display case showcases Pinkbox Doughnuts’ full line of more than 70 creatively designed, delicious doughnuts that will be sold seven days a week. The shop also features Pinkbox Doughnuts’ full coffee program including premium roast coffee, lattes, cappuccinos, mochas, nitro cold brew and more.

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“The fantastic community of Pahrump has been eagerly requesting Pinkbox Doughnuts, and as the saying goes: ask and you shall receive,” stated Judith Perez Siegel, executive vice president of Pinkbox Doughnuts. “No need to journey to Las Vegas anymore; we’ve brought our fun, unique, and one-of-a-kind doughnuts directly to you. We’re ecstatic to join this wonderful community and share our doughnuts, guaranteed to bring smiles to everyone.”

“We are thrilled to welcome Pinkbox Doughnuts to Pahrump, where our community will not only enjoy their amazing doughnuts, but also a fun, whimsical experience of their playful shop,” said Eliot Ripoll, vice president and general manager of Pahrump Nugget Hotel & Casino. “The addition of Pinkbox Doughnuts to the property furthers our commitment to enhancing the Pahrump Nugget guest experience.”

The Pinkbox Doughnuts shop in Pahrump created more than two dozen jobs. The Pahrump shop is the twelfth location for the fast-growing Vegas-born doughnut brand, which currently boasts eight locations across the metropolitan Las Vegas Valley in addition to a shop at the Arizona/Nevada border in Laughlin, at the California/Nevada border in Primm, Nevada and in St. George, Utah.

For more information on Pinkbox Doughnuts, shop locations, hours, and doughnut varieties, please visit pinkboxdoughnuts.com.

 

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Brad Rhines

Smoking Room & Bar to Open This Summer at Miccosukee

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This summer, Miccosukee Casino & Resort is preparing to unveil a new and exclusive smoking casino section. The venue, located in the northwest corner of the property, is tailored for casino-goers who prefer to smoke while playing their favorite slots in a comfortable and refined indoor ambiance featuring 20-foot-tall ceilings.

“At Miccosukee Casino & Resort, we value our customers’ feedback, and we strive to meet their needs. Many of our guests have requested a new, indoor, dedicated smoking section, and I am proud that we will be unveiling this unique attraction to them very soon. It’s a fusion of gaming, sophisticated design, and an upscale bar, all created to cater to our distinguished guests,” said General Manager Brad Rhines.

The new smoking venue is equipped with a state-of-the-art air filtration system to ensure the comfort of smoking guests while preserving the air quality in the casino’s non-smoking areas. Additionally, it offers new restrooms in the smoking section, as well as in the non-smoking corridor.

Featuring 117 slot machines, a contemporary full bar with four 75-inch high-definition TVs, and eight bar-top slot machines, this exclusive smoking area perfectly accommodates Miccosukee’s esteemed patrons.

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