Connect with us

Latest News

New Study Reveals Economic and Social Risks of iGaming

Published

on

new-study-reveals-economic-and-social-risks-of-igaming

 

In response to the increasing concerns over the social and economic risks of iGaming, the gaming and entertainment business leaders have joined forces to launch the National Association Against iGaming (NAAiG).

The organization is formed in opposition to the expansion of iGaming and its well-reported economic and social dangers and urges other local businesses, employee unions, and community groups to mobilize in their effort to protect local communities.

A new study for NAAiG by The Innovation Group, a research and advisory firm specializing in gaming, hospitality, and tourism that has previously conducted multiple studies of online gambling for state governments and industry stakeholders, debunks the myth that iGaming offers easy revenue for states. Instead, the study uncovers the damaging effects of iGaming expansion, exposing widespread job losses and significant declines in economic output across multiple states.

Main findings of the report:

Land-based casino revenue drops by 16% on average after iGaming is introduced, leading to substantial job losses, hundreds of millions of dollars in lost economic output and reduced tax contributions that fund public services.

States introducing iGaming face significant economic losses, with projected job cuts reaching 4921 in New York and 4733 in Illinois by 2029.

iGaming results in significant losses for states in economic output. All states analyzed would see massive GDP reductions, including Ohio ($602 million), Indiana ($428 million), Maryland ($372 million), and Colorado ($313 million).

States’ net tax gains from iGaming are limited, even before accounting for the increased social costs associated with its high rates of problem gambling and related social ills. For instance, Louisiana, Maryland, and Mississippi could all see negative net tax revenue due to displaced in-person gaming dollars and related impacts on state and local economies.

Brick-and-mortar casinos in every state would face significant revenue losses due to iGaming cannibalization. Projections reach up to $983.7 million in New York, $545.3 million in Illinois, $522.6 million in Ohio, and $342.6 million in Maryland by 2029.

The introduction of iGaming reduces in-person casino employment, with an estimated 2818 jobs lost in Ohio, 2642 in Louisiana and 1906 in Mississippi.

The job losses caused by iGaming will result in massive reductions each year in employee wages and related taxes for states. Annual labor income losses would reach nearly $110 million in Colorado and Maryland, $204 million in Ohio, nearly $300 million in Illinois, and nearly $450 million in New York.

States with iGaming experience an 8.3% decline in distributed gaming revenue, impacting taverns and small gaming establishments.

Projected U.S. gambling losses from iGaming are expected to surpass $1 trillion by 2028, straining local economies and public health resources.

“These statistics underscore the urgent need for action. iGaming’s unchecked access to gambling on cell phones is bad public policy that threatens local jobs and businesses and will cost states. When increased social costs caused by iGaming higher rates of underage and problem gambling are considered, the net tax revenue results are uniformly negative for every state,” said Mark Stewart, EVP & General Counsel of The Cordish Companies and NAAiG board member. “

“Beyond the lack of any real upside for states, iGaming puts vulnerable individuals at greater risk of problem gambling and financial instability. NAAiG is uniting stakeholders to push back and stop the spread of these harmful trends and advocate for responsible gaming policies,” said NAAiG board member Jason Gumer, Executive Vice President and General Counsel at Monarch Casino & Resort Inc.

“iGaming is eroding our communities. This isn’t just about responsible gaming—it’s about protecting local family-sustaining jobs and preventing financial harm. In Maryland alone, iGaming could cost $372 million in economic output, $342.6 million in lost casino revenue and nearly $110 million in annual wages. We must act now to protect our state and local economies nationwide,” said Shannon McCracken, Senior Director of Government Relations at Churchill Downs Incorporated and NAAIG board member.

The post New Study Reveals Economic and Social Risks of iGaming appeared first on Gaming and Gambling Industry in the Americas.

Continue Reading
Advertisement

Booming Games

Booming Games launches Greedy for Gold: Hold and Win, second in series

Published

on

booming-games-launches-greedy-for-gold:-hold-and-win,-second-in-series

Irish-themed slot runs a 5×3 layout with 20 fixed paylines and lists a 2,000x max win, plus Hold and Win and bonus buy options.

Booming Games has launched Greedy for Gold: Hold and Win, the second game in its Greedy for Gold series. The supplier said the slot uses a 5×3 grid with 20 fixed paylines and offers a maximum win potential of 2,000x.

The Irish-themed title includes Pot of Gold and Lucky Hat mechanics, plus Free Spins with Jumbo symbols and a Hold and Win feature. In the base game, Booming Games said the Pot of Gold feature collects non-triggering coins and can award Hold and Win on any spin, while Lucky Hat collects Scatter symbols for a chance to trigger Free Spins. Three, four or five Scatter symbols award 10, 15 and 20 Free Spins respectively.

During Free Spins, Jumbo symbols appear across reels 2-4, the company said. Jumbo Scatter symbols award an extra three spins, while Jumbo Value symbols trigger the Hold and Win feature. Value symbols range from 1x to 100x the bet amount, and filling the grid awards the Grand Bonus worth 1000x the bet amount.

Booming Games said Hold and Win starts with three respins, with Scatter symbols held in place and additional symbols resetting the respin counter to three. Players can also purchase a Mystery Bonus for 75x the bet amount or a Super Bonus for 100x, while a Boost+ side bet increases the bet amount by 25% and increases the chance of triggering bonus features with Bonus Buy.

Craig Asling, Director of Games at Booming Games, said: “While we have a dedicated pipeline of releases around St Patrick’s Day, our Irish themed games are popular with players all year round. With a number of innovative bonus features, the game demonstrates our commitment to delivering premium gaming experiences, and we’re confident that players will enjoy this latest addition to our collection.”

The post Booming Games launches Greedy for Gold: Hold and Win, second in series appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

4 Pots Riches: Super Wheel

Playson adds Super Wheel mechanic to 4 Pots Riches slot series

Published

on

playson-adds-super-wheel-mechanic-to-4-pots-riches-slot-series

4 Pots Riches: Super Wheel introduces a wheel-trigger tied to Bonus and Mega Bonus modes, with up to 10,000x payouts.

Playson has released 4 Pots Riches: Super Wheel, adding a new “Super Wheel” mechanic to its 4 Pots Riches slot line-up.

The Super Wheel feature triggers when a Super Wheel Symbol is present on the reels at the moment either the Bonus Game with Pot Features or the Mega Bonus Game starts. Playson said the wheel then spins to award either a Jackpot Coin, a Clover Coin, or a coin with a value of up to 10x.

In the Bonus Game, Clover Coins are collected by coloured pots above the reels and can trigger one of three pot features: Multi (adds multipliers of up to 5x), Collect (collects symbol values on the reels into the coin value, including multipliers), and Mystery (awards a Mini, Minor or Major Jackpot, or a random value of up to 75x the total bet). The Mega Bonus Game is played on an expanded 5×5 field and is accessed via a Mega Clover Coin in the main game, increasing the chance to land additional Clover Coins and features.

Playson also said a Golden Pot feature can randomly trigger during the Bonus or Mega Bonus Game, transforming into a violet, blue or red Clover Coin to activate or enhance features. Jackpot Coins can also appear, awarding Mini, Minor or Major wins worth 15x, 30x or 100x. Filling all 15 cells in the Bonus Game or all 25 cells in the Mega Bonus Game awards 3,000x and 10,000x wins respectively.

Anton Ivannikov, CPO at Playson, said: “4 Pots Riches: Super Wheel reflects our commitment to evolving successful game concepts with fresh mechanics that enhance engagement and excitement. The new Super Wheel feature adds an extra layer of anticipation to the bonus experience while complementing the proven appeal of our Pot Features.

“Combined with the Mega Bonus Game and Golden Pot enhancements, the release delivers a compelling blend of familiar mechanics and new opportunities. We believe it will resonate strongly with players and further strengthen the popularity of our 4 Pots series.”

The post Playson adds Super Wheel mechanic to 4 Pots Riches slot series appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Altenar

Altenar and Greentube Announce Strategic Sportsbook Partnership

Published

on

altenar-and-greentube-announce-strategic-sportsbook-partnership

Leading sportsbook provider joins forces with one of the industry’s most established gaming content and technology brands

18 June, 2026

Altenar, the leading sportsbook and iGaming software provider, has announced a strategic partnership with Greentube, the Digital Gaming and Entertainment Division of NOVOMATIC, in a deal that will further strengthen both companies’ offerings across key regulated European markets.

The agreement will see Greentube integrate Altenar’s sportsbook technology, enabling the company to enhance its sports betting proposition with a scalable, feature-rich solution designed to maximise player engagement and operational performance.

Altenar delivers a fully managed and highly configurable sports betting platform, offering comprehensive pre-match and live betting coverage, advanced risk management, personalised promotional tools, and a flexible framework tailored to the needs of operators in regulated jurisdictions worldwide.

By combining Greentube’s extensive market presence and digital expertise with Altenar’s sportsbook capabilities, the collaboration aims to create new opportunities for growth while providing players with a seamless and engaging betting experience.

Charlie Williams, Commercial Director at Altenar, said:

“We are delighted to partner with Greentube, a company that has built an outstanding reputation for innovation, quality and excellence across the global gaming industry.

“At Altenar, we pride ourselves on delivering a sportsbook solution that combines flexibility, reliability and localisation, enabling operators to create unique experiences for their players while remaining competitive in increasingly demanding markets such as Spain and the UK.

We look forward to working closely with the Greentube team and supporting their continued growth.”

Ronald van den Brink, Chief Commercial Officer at Greentube, added:

 “Partnering with Altenar reflects our commitment to evolving our product suite in line with the demands of regulated markets. Our players expect a broad, high-quality entertainment experience, and sports betting is an increasingly important part of that.

Altenar has a strong record in delivering sportsbook solutions that perform across diverse jurisdictions, and by bringing that capability together with our content portfolio and technology platform, we’re well placed to offer something compelling in markets where the bar for quality continues to rise.”

The collaboration is expected to unlock new opportunities for growth while delivering enhanced value to operators and players alike.

About Altenar
Founded in 2011, Altenar is a leading turnkey sportsbook provider committed to meeting the unique needs of its clients. Renowned for its flexibility and customer-centric approach, Altenar specialises in customising solutions to new markets, audiences and requirements. With a focus on building enduring partnerships, Altenar aims to be the most partner-oriented iGaming software provider in the industry.

www.altenar.com

About Greentube

Step inside the “Home of Games” with Greentube, delivering safe and secure casino entertainment to players around the world. As the NOVOMATIC Digital Gaming and Entertainment division, Greentube offers a diversified portfolio of Video Slots, Table Games, AWP Reloaded Slots, Server-Based Gaming, Social Casino Gaming, Video Bingo and more. Greentube’s omnichannel technology is at the forefront of gaming innovation and converges online, mobile and land-based gaming.

The post Altenar and Greentube Announce Strategic Sportsbook Partnership appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

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