Canada
Pennsylvania Sportsbooks Join Elite Club with $462.8 Million in September, According to PlayPennsylvania
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
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Canada
Play’n GO announces partnership with Canadian operator Loto-Québec
Play’n GO, the world’s leading casino entertainment provider, has today announced a partnership with Canadian operator Loto-Québec, launching the Swedish gaming giant’s games into another Canadian province.
Already active in another Canadian province , this partnership sees Play’n GO’s content available in the province of Québec exclusively with Loto-Québec, a state-owned corporation, where online players now have access to titles such as Tome of Madness.
Magnus Olsson, Chief Commercial Officer, Play’n GO said: “At Play’n GO, we have always been clear in our vision to be active in every regulated market in the world, and this partnership with Loto-Québec is the next step on that journey.
“Our past success in Canada gives us confidence that players in Québec will enjoy the best Play’n GO content, and we look forward to many years of success with Loto-Québec in the province.”
Stéphane Martel, Head of Product and Innovation at Loto-Québec added: “As the sole iGaming operator in Québec, we pride ourselves on offering titles that truly add value to our platform, lotoquebec.com. We are happy to bring Play’n GO games to our players.”
Canada
Court Decision Upholds iGaming Ontario’s Model
iGaming Ontario has welcomed the decision of the Ontario Superior Court, which found that iGaming Ontario’s model is consistent with the Criminal Code and that iGaming Ontario is conducting and managing igaming in the province.
“We have always been confident in our model and are pleased that the court has ruled in our favour, and that Ontarians can continue to play with confidence in our regulated igaming market,” said Martha Otton, Executive Director of iGaming Ontario.
“Ontario’s model meets the requirements and contributes to the public good by protecting players, their data and their funds, while helping to fund priority public services in Ontario, and bringing well-paid, high-tech jobs and economic development to Ontario,” Otton added.
In dismissing the application brought forward by the Mohawk Council of Kahnawà:ke (MCK), the Superior Court found that iGaming Ontario is the “operating mind” behind Ontario’s competitive igaming market in accordance with the conduct and manage requirements of the Criminal Code.
iGaming Ontario will continue to conduct and manage igaming as it has since the launch of the regulated market on April 4, 2022.
Bragg Gaming Group
Bragg Gaming Appoints Renowned iGaming Executive Neill Whyte as Chief Commercial Officer
Bragg Gaming Group, a global iGaming technology and content provider, announced that Neill Whyte has been appointed as Chief Commercial Officer (CCO), effective 1st May 2024, establishing a new global commercial structure at the Company and bolstering its leadership team.
Whyte brings over 18 years of experience in the iGaming sector, most recently in the role of Chief Commercial Officer at Digital Gaming Corporation’s (DGC), B2B iGaming Division. After joining DGC in early 2020, he was responsible for the commercially successful launch and growth of its content distribution business in the US.
Prior to joining DGC, Whyte held multiple positions in the gaming industry including as Head of Business Development at Isle of Man-based iGaming specialist Apricot Investments, as Board Member at Swedish iGaming product and Lottery content distributor Genera Networks, and in various senior roles over eleven years at leading iGaming content supplier Microgaming, including as Head of Product Channels.
In his new role with Bragg, Whyte will be tasked with leading the Company’s global commercial teams to drive growth across all of the Company’s product verticals which include proprietary online casino content from its Atomic Slot Lab, Indigo Magic and Wild Streak Gaming studios, exclusive content from content partners, HUB a leading casino content aggregation platform, Fuze player engagement, as well as its award-winning player account management (PAM) platform and turnkey solutions.
Matevž Mazij, Chief Executive Officer at Bragg, said: “I am very pleased to be announcing today the appointment of Neill Whyte as Chief Commercial Officer at Bragg. His iGaming product and market knowledge, together with his record in driving growth from developing successful and mutually beneficial commercial partnerships are exceptional.
“As we leverage our broad content and product portfolio to grow in existing and new markets, including in the United States, Canada, Latin America and Europe, Neill’s unique combination of knowledge, skills and experience in this sector are a perfect fit for our ambitions at Bragg.”
Neill Whyte, Chief Commercial Officer at Bragg, said: “It’s an honor to join Matevž and the wider teams at Bragg already in place across North America, Europe and in India. I have been impressed with the depth and quality of the content, product and technology offerings at Bragg, and its ability to rapidly adapt, certify and deploy this content and technology in newly regulated markets is a distinct advantage.
“We also have a huge opportunity to grow our footprint with our existing customers in markets in which we are already established. Our content and product roadmaps are second to none, and I’m planning to get on the road in the coming weeks and months to meet the team and our customers and to start building for the next stage of mutual growth. I can’t wait to get going.”
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