Connect with us

Canada

Pennsylvania Sportsbooks Join Elite Club with $462.8 Million in September, According to PlayPennsylvania

Published

on

 

Pennsylvania’s online and retail sportsbooks took advantage of a perfect storm of major U.S. sports in September to easily generate a record $462.8 million in bets. By doing so, Pennsylvania entered an exclusive club of gaming markets, joining New Jersey and Nevada, that have surpassed $450 million in wagers in a single month, according to PlayPennsylvania.

“With the beginning of the NFL season, a full schedule of baseball, and the NBA and NHL playoffs, there may never be such a confluence of sporting events again,” said Dustin Gouker, lead analyst for PlayPennsylvania.com. “Like New Jersey, Pennsylvania has created a well-rounded market that can drive significant action on every major sport. That market dynamic was able to bear fruit in September in a way that may never be fully possible again.”

September’s handle, which was released Friday, was up 137.9% from $194.5 million in September 2019 and easily surpassed the previous record of $365 million set just last month. But the record wagers produced just $6.3 million in taxable revenue, down from $18.3 million in August and $14.9 million in September 2019, a result of heavy promotion and some unlucky results for sportsbooks. September revenue yielded $2.1 million in state taxes and another $125,398 in local share assessments.

“The question now becomes whether Pennsylvania can sustain this level once the sports calendar returns to normal,” said Valerie Cross, analyst for PlayPennsylvania.com. “Pennsylvania has etched a place in the top tier of gaming markets and could possibly pass Nevada as the nation’s No. 2 market before the end of the year.”

Online wagering accounted for 89.5%, or $414.1 million, of September’s handle. FanDuel Sportsbook/Valley Forge Casino extended its online supremacy with $168 million in online bets, up 16.2% from $144.6 million wagered in August. Those bets produced $2.4 million in taxable revenue. Also, Penn National’s Barstool Sports-branded sportsbook on Hollywood Casino’s license generated $29.9 million in bets, losing $2.8 million on those bets, in just two weeks of operation.

“Barstool adds a brand name with a uniquely loyal following, and its launch comes with high hopes,” Gouker said. “On the surface it seems like it has the potential to eat into the dominant market shares of FanDuel and DraftKings. But that is no easy task considering how entrenched both have become in the Pennsylvania market.”

In-person betting reached $48.7 million in September bets, winning $5.1 million on those bets. Rivers-Philadelphia claimed the top retail spot with $11.4 million in bets and gross revenue of $1.2 million.

Online gambling

Online casino games and poker continued their hot streak in September, combining to produce a record $57 million in gross operator revenue, or $1.9 million per day over the 30 days of September. That is up from August, when online gambling generated $55.9 million, or $1.8 million per day for the 31 days of August.

September’s revenue yielded $16 million in state taxes and another $3.8 million in local share assessments.

“Pennsylvania’s online casinos generate nearly five times as much in bets as sports betting, and revenue doesn’t fluctuate nearly as much,” Cross said. “That has quickly made online gambling a dependable and significant tax revenue driver for the state, accomplishing the main goal of regulation.”

Rivers-Philadelphia’s brands topped online casinos with $16.1 million in revenue on $578.8 million in wagers.

SOURCE PlayPennsylvania.com

Powered by WPeMatico

Continue Reading
Advertisement

Alex Malchenko

Evoplay Strengthens Canadian Presence with BetMGM Partnership

Published

on

evoplay-strengthens-canadian-presence-with-betmgm-partnership

 

Evoplay is celebrating another milestone in its regulated-market journey with a new launch in Ontario, teaming up with BetMGM to bring its games to one of Canada’s most dynamic and competitive jurisdictions.

The rollout introduces 18 Evoplay titles to BetMGM Casino in Ontario, carefully selected to deliver long-term engagement and appeal to a wide range of player preferences. The first wave includes proven performers such as:

• Hot Triple Sevens

• Hot Volcano

• Gold of Sirens Bonus Buy

• Inner Fire Bonus Buy.

These are games that have already demonstrated strong results across multiple regulated markets.

This launch marks another confident step in Evoplay’s Canadian expansion, reinforcing the company’s commitment to aligning its content with local market requirements, player expectations, and regulatory standards.

Alex Malchenko, Head of Sales at Evoplay, said: Ontario continues to set a high standard for regulated online casinos, making it a market where the right partnerships truly matter. Collaborating with BetMGM allows us to expand our reach with a portfolio that has already performed strongly across multiple areas and territories.

Oliver Bartlett, VP of Gaming at BetMGM, said: “Partnering with Evoplay adds a strong selection of proven, high-performing titles to our growing portfolio in Ontario.”

The post Evoplay Strengthens Canadian Presence with BetMGM Partnership appeared first on Americas iGaming & Sports Betting News.

Continue Reading

Bet Rite

Spintec Expands into Canada with Bet Rite

Published

on

spintec-expands-into-canada-with-bet-rite

Spintec is expanding its footprint in North America by partnering with Bet Rite in the Canadian gambling sector. As a prominent developer of electronic table games, Spintec invested significant effort into locating a partner who comprehends the distinctiveness of the Canadian casino industry. Bet Rite is taking on the position of Spintec’s distributor in Canada, leveraging its established reputation and substantial industry knowledge. This collaboration combines global innovation with local expertise in a partnership that is helping Spintec advance its expansion objectives in North America.

Bet Rite’s establishment is rooted in years of industry expertise. The firm focuses on providing top-notch gaming solutions designed specifically for Canadian operators. They aim to provide a sole vendor connection that grants access to numerous top-tier product lines, establishing them as a reliable partner nationwide.

For Spintec, collaborating with a company that prioritizes service, product excellence, and enduring relationships is vital, and Bet Rite is dedicated to prioritizing customer needs. With a solid sales network and a reputation for dependability, their market stance is highly strong.

Through this collaboration, Spintec is guaranteeing that their creative products receive backing from an attentive, community-focused service. The initial product line to be launched in the Canadian market will be Spintec’s premier Charisma line. Charisma’s design, flexibility, innovation, and wide range of product customizations will undoubtedly make it a top seller in Canada as well.

Billy Maclellan, Bet Rite President, says: “Our company has grown by offering best-in-class suppliers the local support that they need. Spintec fits the mold perfectly and together we are well placed to make this partnership a glowing success”

Goran Sovilj, Spintec’s Chief Commercial Officer, agrees: “Bet Rite’s deep understanding of the Canadian market makes this alliance very promising. We are always excited to introduce innovative and exciting products to new markets, especially when our distributors are as experienced and knowledgeable as Bet Rite.”

The post Spintec Expands into Canada with Bet Rite appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Canada

Gaming Corps takes flight in Ontario with High Flyer Casino partnership

Published

on

gaming-corps-takes-flight-in-ontario-with-high-flyer-casino-partnership

Gaming Corps, the Sweden-based publicly listed game development studio, has secured a new content partnership with High Flyer Casino, an AGCO-licensed online gaming operator in Ontario, Canada. The agreement marks another strategic step forward for Gaming Corps as it continues to grow its footprint in one of North America’s most competitive regulated iGaming markets.

As part of the deal, a curated selection of Gaming Corps’ slot titles will be made available to High Flyer Casino players across Ontario. The initial launch includes 3 Pigs of the Caribbean, a swashbuckling instalment from the well-known 3 Pigs franchise, alongside Savannah Stacks, a high-volatility slot inspired by the thrills of a safari adventure.

High Flyer Casino has established itself as a slots-focused operator with a strong reputation for value-driven, mobile-first gaming experiences tailored to Canadian players. Operated by Ellipse Entertainment Limited, the company draws on more than 25 years of industry expertise and offers a diverse portfolio that features over 100 exclusive games. Its offering is further enhanced by the proprietary Reel Jackpot brand, popular Money Spinner titles, and a wide range of progressive slots.

Commenting on the partnership, Adam Pentecost, Chief Revenue Officer at Gaming Corps, said:
“High Flyer Casino has carved out a clear position in Ontario with a focused slots strategy and a strong understanding of what local players are looking for. Bringing our most recognisable titles to their platform allows us to reach a highly engaged audience in a market that continues to set the pace in North America. This agreement represents another meaningful step in expanding our distribution with operators who value distinctive content and long-term portfolio growth.”

Man Mac, Head of Marketing at High Flyer Casino, added:
“At High Flyer Casino, we are building a slot lineup that blends proven player appeal with unique and memorable gaming experiences. Gaming Corps’ portfolio fits perfectly with that approach, delivering polished, entertaining games that are full of personality.”

The post Gaming Corps takes flight in Ontario with High Flyer Casino partnership appeared first on Eastern European 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