Canada

PlayIllinois.com: Sportsbooks suffer first month-over-month decline, but gain ground on nation’s top markets

Published

3 years ago

April 12, 2021

Illinois sportsbooks posted a month-over-month decline in betting volume for the first time since launching in late July, continuing what was a national trend in February. But the state still managed to narrowly surpass Pennsylvania to place third among U.S. states for the month. More concerning for what has been a booming industry in Illinois, though, is the return of in-person registration, which could stymie online sports betting growth for as long as it is in place, according to PlayIllinois, which provides news and analysis of the state’s gaming industry.

“Passing Pennsylvania should be momentous but it is almost certainly going to be short-lived, as the decision to return to in-person registration will likely mean the end of growth for the Illinois sports betting industry,” said Jessica Welman, analyst for PlayIllinois.com. “Open registration has been a key component in making Illinois one of the largest sports betting markets in the country. Forcing people to physically appear in a retail sportsbook is a counterproductive measure, which should be apparent whenever Illinois April data is released.”

With open registration still in place in February, Illinois retail and online sportsbooks attracted $509.8 million in wagers, according to official data released Friday. That is down 12.3% from the record $581.6 million in January, an expected dip with fewer days during the month and only one NFL game to bet. That game, the Super Bowl, drew $45.6 million in bets, though some of those bets were accepted prior to February.

Bettors placed $18.2 million per day in the 28 days of February, which was down slightly from $18.8 million per day in January. Illinois’ relatively modest pullback made it the third-largest U.S. market in terms of money wagered, gaining ground on leaders New Jersey ($743 million) and Nevada ($554.1 million), while topping Pennsylvania ($509.5 million) for the first time.

February’s handle also produced $30.3 million in operator revenue, down 38.7% from the record $49.4 million in January. But the month’s win produced $35.4 million in taxable revenue, which yielded $5.3 million in taxes for the state and another $541,832 in local taxes.

“February’s results in Illinois actually compare well to the other major markets in the U.S., showing that the state had yet to reach its ceiling,” said Joe Boozell, analyst for PlayIllinois.com. “Even with the return of in-person registration, operators have set a good foundation of bettors that will sustain the industry, even as the rules stunt the market’s growth.”

For the first time in months, retail sportsbooks were open for a full month, attracting $19.6 million in bets. But online betting still drove 96.2%, or $490.2 million, of the state’s handle. That is down from 98.9%, or $575.2 million, in online betting in January.

DraftKings/Casino Queen remained the market leader by accepting $199.8 million in online and retail wagers in February, which was down from the operator’s $244.2 million handle in January but still represented 39.2% of the state’s total handle. $196.5 million of February’s bets came online.

FanDuel/Par-A-Dice Casino was second with its $158.9 million handle, $158.4 million of which came online. The operator’s overall handle was down from $173.5 million in January. BetRivers/Rivers Casino was third with $86.9 million in online betting and $96.4 million overall, down from $112.7 million in January.

The market has also gotten more competitive, most notably from the March 11 launch of Penn National’s Barstool-branded app, which is partnering with Hollywood Casinos. But Barstool’s launch came just weeks before the end of open registration, hamstringing what has been a popular operator in both Pennsylvania and Michigan.

“Barstool had just three weeks to build a customer base in an open environment, which should put it at a permanent disadvantage against the market leaders,” Welman said. “That said, their brand is popular and should draw significant interest, helping to grow the market. It could be the last hurrah, of sorts, as new operators might be deterred by in-person registration.”

In February, Super Bowl betting drove more action than any other single event, of course. But the NBA and college basketball continued to be a popular bet, drawing $256.7 million, or 50.4% of the state’s total handle, even as college basketball betting is slowed by the ban on wagers on in-state college teams. And bettors placed $45.3 million on tennis, a surprising surge for what is a fringe betting sport in much of the U.S.

“Illinois has grown in ways that are typical of most major markets, with an overwhelming preference for major U.S. sports and driven less by single events,” Boozell said. “But tennis’ popularity shows that the state is unique in some ways, too. We will now see how operators adapt to the state’s regulatory decisions, which have created challenges that sportsbooks will have to overcome to grow in the future.”

For more information and analysis on regulated sports betting in Illinois, visit PlayIllinois.com/news.

Canada

Play’n GO announces partnership with Canadian operator Loto-Québec

Published

21 hours ago

May 16, 2024

GamingAmericas.com

play’n-go-announces-partnership-with-canadian-operator-loto-quebec

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

Published

2 days ago

May 15, 2024

GamingAmericas.com

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

Published

1 week ago

May 10, 2024

GamingAmericas.com

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.”