Canada
ILLINOIS SPORTSBOOKS HIT $140 MILLION IN AUGUST DESPITE OBSTACLES Overcoming inconsistent remote registration and limited sportsbook options, Illinois now the fifth-largest legal market in the U.S., according to PlayIllinois
Illinois online and retail sportsbooks attracted $140.1 million in bets in August, making the state the fifth-largest legal market in the U.S. The state’s rapid ascension comes even as in-person registration rules remain inconsistent and tenuous, and without the largest operator in the country for much of the month, according to PlayIllinois analysts.
“August’s results are a testament to just how lucrative a market Illinois truly can be,” said Dustin Gouker, lead analyst for PlayIllinois.com. “In-person registration was stunting growth, and that ended on Aug. 21. And FanDuel did not launch until the end of the month. Even with that, Illinois found itself ahead of Colorado, which has matured much more quickly, and on the heels of Indiana, the country’s fourth-largest market.”
The $140.1 million wagered in August was up 167% from $52.5 million in July, according to official reporting released Tuesday. That is more than Colorado’s $128.6 million in August, but less than neighboring Indiana’s $169 million.
August’s bets produced $7.2 million in adjusted gross revenue statewide, which yielded $1.2 million in taxes.
Without football, Illinois’ strong August performance came almost entirely on the power of the Major League Baseball, NBA, and NHL games. It was helped by remote registration — which allows bettors to sign up for an account without ever physically appearing at a state sportsbook — for the last 10 days of the month.
“The NFL will generate far more interest, and with mobile registration back for all of September, the pool of bettors will certainly grow significantly,” Gouker said. “August is really just a first taste of what Illinois can do as a market.”
BetRivers/Rivers Casino in Des Plaines — which had a significant head start on its competition — was by far the state’s largest revenue producer. BetRivers/Rivers Casino accepted a whopping $118 million in online and retail bets, yielding $6.3 million in adjusted gross revenue.
DraftKings — the nation’s No. 2 online sportsbook, operating under the Casino Queen license in Illinois — drew in $13.1 million in online bets. Rival FanDuel — the nation’s No. 1, which is partnering with Par-A-Dice Casino — attracted $4.2 million in bets after launching Aug. 28.
“BetRivers’ head start is a massive advantage that both FanDuel and DraftKings will have to try to overcome,” Gouker said. “But they are the two largest operators for numerous reasons, and it will be interesting to watch how long it will take for those two to eat into BetRivers’ market lead.”
For more information and analysis on regulated sports betting in Illinois, visit PlayIllinois.com/news.
Powered by WPeMatico
Canada
ComeOn Group adds sportsbook to its offering in Ontario
ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.
ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.
ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.
Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”
*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)
BCLC
INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform
INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT Inc., its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalization of the existing land-based network.
The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.
INTRALOT is a leading player in a changing world of gaming. With significant experience in looking forward and anticipating emerging trends, the company provides future-proof solutions to regulated lottery and gaming operators around the world.
Canada
IAGR announces Toronto as host city for 2025 conference
Hot on the heels of its most attended conference in history, the International Association of Gaming Regulators (IAGR) is excited to announce that its 2025 conference will take place in Toronto, Canada, from October 20 to 23, 2025.
The event will be held in partnership with the Alcohol and Gaming Commission of Ontario (AGCO) at the Westin Harbour Castle, offering stunning waterfront views and a premier, downtown Toronto location.
‘Fresh off the success of our Rome conference, we’re thrilled to continue the momentum with next year’s event in Toronto,’ said Ben Haden, IAGR President.
‘The IAGR 2025 conference promises to be another unparalleled opportunity for our global community to come together, collaborate and shape the future of gaming regulation. We’re looking forward to working with AGCO to bring it all together.’
AGCO CEO and Registrar Dr. Karin Schnarr, added, ‘We’re excited to welcome IAGR and its members to Toronto. This partnership provides a great opportunity to share Ontario’s innovative regulatory practices and foster meaningful discussions that drive positive change in the industry.’
Stay tuned for registration details early next year.
-
Balkans5 days ago
Synot Group Debuts at the BEGE in Bulgaria
-
Australia4 days ago
Vanguard Overwatch is Hardening Gaming Venues Against Financial Crime and Working Towards Minimising Gambling Harm
-
Compliance Updates5 days ago
Turkish Football Federation to Penalise Clubs Promoting Illegal Betting
-
Australia5 days ago
Light & Wonder Signs Multi-year Systems Deal with SkyCity Entertainment
-
Diana Margarita Otalora5 days ago
Stake’s Latam leadership team smashes glass ceiling; sweeps awards
-
Africa4 days ago
SunBet Extends Online Betting Platform Contract with Bede Gaming Amid Record-Breaking Performance
-
Greece5 days ago
Stakelogic Live Pens Deal with Novibet for Mexican and Greek Markets
-
Latest News5 days ago
Join in the carnival celebrations with PG Soft’s Rio Fantasia