Gaming Revenue
Light & Wonder Reports Fourth Quarter and Full Year 2023 Results
Light & Wonder Inc. reported results for the fourth quarter and fiscal year ended December 31, 2023. The Consolidated revenue in the quarter grew 13%.
Highlights
- Gaming revenue increased to $496 million, up 13% compared to the prior year period, primarily driven by another quarter of robust Gaming machine sales growth, which increased 31% globally, coupled with continued strong momentum in Gaming operations.
- SciPlay revenue rose to $204 million, a 12% increase from the prior year period, breaking a quarterly revenue record for the sixth consecutive quarter, driven by the core social casino business, which once again delivered strong payer metrics and outpaced the market and gained share.
- iGaming revenue increased 13% to $70 million reflecting continued growth momentum in the US and international markets.
- Full year consolidated revenue increased 16% to $2.9 billion delivering record results, which showcased strong financial performance, execution on growth strategy and transformation, and continued advancement toward long-term financial targets.
Matt Wilson, President and CEO of Light & Wonder, said: “2023 was a banner year for Light & Wonder. Our businesses delivered double-digit growth across the board throughout the year, enabled by strategic investments and strong execution. We consistently leverage a differentiated product strategy and plan to capitalize on the significant growth opportunities ahead of us. I am thrilled with the momentum we continue to see in the business, and with our winning mentality, experience, and talent in place, we are well-positioned to continue our growth trajectory. I want to congratulate our team on a successful year and know the best is yet to come.”
Oliver Chow, Chief Financial Officer of Light & Wonder, said: “We continue to see healthy trends in the business and were able to capitalize on many of the opportunities presented to us in 2023 to deliver strong top- and bottom-line growth, both in the quarter and for the full year. Our teams continued to deliver quality earnings with improved metrics over the course of 2023. Moving forward, we will focus on driving sustainable growth and executing against our balanced and opportunistic capital allocation strategy with discipline, driving value for all stakeholders.”
Leverage, Capital Return and Strategy Update
- Principal face value of debt outstanding of $3.9 billion, translating to net debt leverage ratio of 1x as of December 31, 2023, despite the cash outflow required to complete the SciPlay merger. The net debt leverage ratio decreased 0.2x from December 31, 2022, and remained within the targeted net debt leverage ratio range of 2.5x to 3.5x.
- Returned $25 million of capital to shareholders through the repurchase of approximately 3 million shares of L&W common stock during the quarter and $170 million or 2.4 million shares during 2023. Since the initiation of the program, the company has returned $575 million of capital to shareholders through the repurchase of approximately 9.4 million shares of L&W common stock, representing 77% of total program authorization.
- Repriced the Term Loan B in January 2024 reducing the interest rate by 35 basis points, resulting in a reduction in annualized interest costs of approximately $8 million.
- SciPlay merger integration completed successfully, with the Company strengthening its cross-platform strategy through synergistic game development processes across all businesses.
Arizona
Arizona Department of Gaming Marks Fifth Super Bowl of Legal Sports Betting — November Wagers Top $965M
The Arizona Department of Gaming today highlighted a major milestone: the upcoming Super Bowl will be the fifth played under Arizona’s legal, state-regulated sports wagering framework. Since regulated event wagering launched in 2021, Arizona’s oversight—guided by state law and Tribal-State Compacts—has aimed to protect consumers, preserve integrity, and generate public revenue.
Key November 2025 figures: strong wagering growth
In its latest monthly report, the Department said Arizona bettors wagered approximately $965 million on sports and events in November 2025 — about a 7.5% increase versus November 2024. The state collected roughly $5.5 million in privilege fees for the month.* Fiscal year-to-date privilege fees total $26.3 million (about $25.7M from event wagering and $637,399 from fantasy sports).
Arizona also recorded its highest monthly event wagering in October 2025 with $967,141,269, and the second-highest in November 2025 with $965,233,844.*
Regulated framework and consumer protections
Arizona’s regulated model requires licensed operators to follow statutory rules, Tribal-State Compacts, and ongoing regulatory oversight. The Department conducts audits, compliance reviews, and integrity controls designed to prevent fraud and illegal activity. Licensed event wagering operators remit privilege fees, calculated as a percentage of gaming revenue — with 90% of those fees directed to Arizona’s General Fund to support state programs and priorities.
There are currently fourteen licensed event wagering operators approved to offer wagering in Arizona, each subject to ongoing Department review and potential audit adjustments.
Responsible play and support resources
The Department emphasizes the importance of using state-licensed event wagering and fantasy sports apps or retail locations. For guidance and safety tips, players are encouraged to visit Check Your Bet at gaming.az.gov/checkyourbet.
For individuals and families affected by problem gambling, the Department’s Division of Problem Gambling offers confidential, subsidized treatment and resources statewide at problemgambling.az.com.
* Disclaimer: Monthly operator figures are self-reported and subject to adjustment after Department audits and review. The Department does not guarantee the final accuracy of the self-reported totals.
The post Arizona Department of Gaming Marks Fifth Super Bowl of Legal Sports Betting — November Wagers Top $965M appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Eurojackpot
Svenska Spel Reports 7% Increase in Q3 Net Gaming Revenue
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Svenska Spel has reported 7% increase in Q3 net gaming revenue, driven by strong product brands such as Eurojackpot and Oddset. Two of three business areas show growth, which has a positive impact on the result, which increases compared to the same quarter last year. This is evident from Svenska Spel’s interim report for the third quarter of 2025.
“During the quarter, we have awarded big prizes to customers, elite sports scholarships within our sponsorship and grants for gaming research. This shows that our operations are permeated by Svenska Spel’s purpose: to create gaming joy with care and give back to society. All of this is made possible by customers liking our games and our strong brands, which is a decisive factor behind the group’s increased revenue during the quarter,” said Anna Johnson, President and CEO of Svenska Spel.
Higher revenue for the group
The Group’s net gaming revenue for the quarter is SEK 1874 million (1754), which is an increase of SEK 120 million or 7%.
Net gaming revenue for the Luck business area increased by 7% compared to the same quarter last year. Interest in Eurojackpot continues to increase, partly as a result of two jackpot wins this year going to Sweden. The game broke a new sales record during a week with a high jackpot in September. Lotto has also received a positive reception at its relaunch in the latter part of the quarter.
Net gaming revenue for the Sport & Casino business area increased by 9% compared to the same quarter last year. The positive development continues for sports betting under the Oddset brand with increased revenue and higher customer activity. Online casino also increased during the quarter, partly due to positive customer development. Interest in ice hockey has been high in connection with the start of the top leagues’ season, which was noticeable in the hockey game Powerplay.
The Vegas business area’s net gaming revenue is down 10%, due in part to the challenging economic situation for business partners, which has a negative impact on revenue.
The Group’s operating profit increased by SEK 112 million or 19% to SEK 718 million (606), positively affected by increased revenues and stable costs. The operating margin amounted to 38% (35).
The Group’s online business continues to grow, this quarter by 15% compared to the same quarter last year. Online accounts for 65% (60) of the Group’s revenue during the quarter.
Winnings, sports scholarships and research
During the quarter, Svenska Spel has awarded 90 million-kronor prizes on lotteries with a total value of just over SEK 805 million. The highest prize was just over SEK 409 million on Eurojackpot, the third largest prize ever in Svenska Spel’s history. The second highest prize was SEK 160 million on Lotto’s Dream Prize. Sports and casino games have delivered 19 million-kronor prizes during the quarter, of which eleven on Stryktipset and eight on Europatipset. The highest prize on sports betting was over SEK 10 million on Stryktipset.
In sports sponsorship, Svenska Spel, together with the Swedish Sports Federation, has awarded 60 new elite sports scholarships of SEK 60,000 each. The scholarship recipients are active in 40 different specialist sports associations and the addition gives them a better opportunity to combine elite-level sports with higher studies.
Support for research is an important part of Svenska Spel’s strategic goal of ensuring that customers play healthily. Svenska Spel’s independent research council celebrates 15 years this year and has also passed an important milestone: over SEK 100 million has been distributed to Swedish research on gambling and gambling addiction since its inception in 2010. In this year’s distribution, six new research projects will share a total of SEK 5 million.
Third quarter summary
• Net gaming revenue for the Group amounted to SEK 1874 million (1754), an increase of SEK 120 million or 7%, driven by growth for product brands such as Eurojackpot and Oddset.
• The operating profit for the Group amounted to SEK 718 million (606), an increase of SEK 112 million or 19%. The positive result is driven mainly by increased net gaming revenue.
• The operating margin amounted to 38% (35).
• Income statements, operating margin and other key figures in the report refer to continuing operations and exclude the land-based casino operations, which are reported as discontinued operations.
• Lotto has been relaunched with updated packaging. One of the new features is that even more people now have the chance to become millionaires by playing Lotto.
• Awarded 60 new elite sports scholarships that give scholarship recipients greater opportunities to combine elite sports with higher studies.
• Svenska Spel’s independent research council has awarded 5 million SEK to six new research projects on gambling and gambling addiction.
Summary of the period January – September
• Net gaming revenue amounted to SEK 5562 million (5479), an increase of SEK 83 million or 2%.
• The online sales channel increased by 9%.
• Operating profit for the Group amounted to SEK 1898 million (1762), an increase of SEK 135 million or 8%.
• The operating margin amounted to 34% (32).
• Casino Cosmopol in Stockholm closed on April 25 after the Riksdag decided that land-based casinos would no longer be allowed to operate from the beginning of the year. The operation is being wound up and the sales process for the Hasseln 1 property in Stockholm is ongoing.
• Income statements, operating margin and other key figures in this report refer to continuing operations and exclude the land-based casino operations, which are reported as discontinued operations.
• The profit for the continuing operations amounted to SEK 1536 million (1418).
• Launched the new lottery Lyckoplatsen where the whole of Sweden serves as the playing field and the customer can win by choosing their own lucky spot.
• The Tips-SM has been held where the top three tipsters get to donate half a million to sports clubs through the sponsorship initiative Gräsroten.
• Sweden’s and Svenska Spel’s highest win of 1.25 billion kronor has been won on Eurojackpot.
• The Administrative Court in Linköping has overturned the Swedish Gambling Authority’s decision regarding a warning and penalty fee against Svenska Spel Sport & Casino AB in a case from 2021 concerning the duty of care. The Swedish Gambling Authority has appealed the Administrative Court’s ruling.
The post Svenska Spel Reports 7% Increase in Q3 Net Gaming Revenue appeared first on European Gaming Industry News.
DraftKings
New Jersey Gambling Revenue Surges in July with Online Casinos Leading Growth
The gambling sector in New Jersey experienced impressive gains in July, hitting a total gaming revenue of $606.2 million. This figure marks an increase of 10.7% compared to July 2024, highlighting continued expansion within the state’s gaming market.
Online Casinos Set New Records with $247 Million Revenue
Online casino platforms played a key role in driving this growth, generating an unprecedented $247.3 million during the month. This amount represents a more than 25% rise from the same period last year and establishes a new monthly high for internet gaming in New Jersey. So far in 2025, online casinos have accumulated $1.63 billion in revenue, a year-over-year increase exceeding 23%. Major operators such as FanDuel, DraftKings, and BetMGM have been instrumental in positioning New Jersey as the leading state for legal online gambling in the US.
FanDuel maintained its position as the top online casino, earning $52 million in July—a 38% increase from the previous year. DraftKings followed with $48.6 million, while BetMGM generated $31.4 million. Additionally, Caesars Palace Online achieved a record $18.7 million, more than 50% above last year’s equivalent month. The fierce competition among these industry leaders has sparked innovation and increased player engagement, contributing to sustained market growth.
Land-based casinos in Atlantic City also experienced a positive month, collectively bringing in $284.1 million, a 4.3% increase compared to July 2024. The Borgata remained the highest-grossing casino with nearly $80 million in revenue, while Ocean Casino Resort recorded the fastest growth at over 18%. Hard Rock Atlantic City also noted gains. However, many of the older casinos continue to lag behind their pre-pandemic results, emphasizing the growing importance of newer venues in the market.
Conversely, sports betting revenue saw a decline. Earnings from bets placed at casinos, racetracks, and online platforms totaled $74.8 million in July, reflecting a 6.6% decrease year-over-year. The total amount wagered reached $664 million for the month, bringing the cumulative sports betting revenue for 2025 to $626.8 million—approximately 4% lower than last year’s figures.
Record-Breaking Year-to-Date Revenue and Tax Contributions
Despite the downturn in sports betting, New Jersey’s overall gambling industry has achieved record-breaking performance during the first seven months of 2025. Combined revenue from all gaming categories reached $3.92 billion, marking the highest year-to-date total on record for the state. In July alone, gambling-related tax revenues amounted to $81.7 million, contributing to a year-to-date total of $446.1 million to New Jersey’s fiscal resources.
The post New Jersey Gambling Revenue Surges in July with Online Casinos Leading Growth appeared first on Gaming and Gambling Industry in the Americas.
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