Connect with us

Canada

PlayIndiana.com: Sports betting expectedly slows in April

Published

on

 

Indiana’s sports betting industry experienced another month-over-month decline in April, as wagering dropped to its lowest level since October 2020. But in a state that has known little else but growth, the expected decline is indicative of the beginning of a typical sports betting slowdown period that will likely last until the beginning of football season, according to PlayIndiana, which provides news and analysis of the state’s gaming industry.

“Even a high volume of regular season baseball and NBA basketball games can’t make up for a calendar devoid of NFL and college football games, or a major betting event like the NCAA Tournament,” said Jessica Welman, lead analyst at PlayIndiana. “Because the pandemic turned the 2020 sports schedule on its head, Indiana hasn’t really experienced a full year of normal sports betting activity. But there are normal seasonal ebbs and flows in sports betting, and this is the start of what is historically the slowest period of every year.”

Indiana sportsbooks collected $236.4 million in wagers in April, according to official reporting released Wednesday. That is down 25.4% from $316.7 million in March and counts as the lowest monthly handle since sportsbooks generated a $230.9 million handle in October 2020.

April’s bets produced $20.1 million in adjusted gross revenue, down 23.8% from $26.4 million in March. That yielded $1.9 million in state taxes.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Indiana sportsbooks have already accepted $1.2 billion in bets through the first four months of the year. Even with a month-over-month decline in April, this year stands in stark contrast to 2020. In what was the low point of the year, online sportsbooks took in just $26.3 million in wagers in April 2020, while retail outlets were completely shuttered as the sports world went quiet.

“This is the first time we get to see how Indiana will perform during the spring and summer months, and through one month Indiana is meeting expectations,” said Nicole Russo, analyst for PlayIndiana. “With the Olympics ahead and the NBA Playoffs pushed back a month, this could actually be a better summer than in most years. And Indiana’s sportsbooks are well-positioned to take advantage.”

Online betting accounted for 88.4%, or $209.1 million, of the state’s handle, an increase from 88.1% in March. Retail sportsbooks generated the remaining $27.3 million in wagers, down from $37.5 million in March.

DraftKings once again topped all online operators with $79.3 million in online bets, down from $111.2 million in March. That produced $6.1 million in gross receipts, down from $8.5 million in March. FanDuel was second with $67.1 million in bets, down from $92.4 million in March. That produced $5.7 million in gross receipts, down from $6.8 million.

The leaders were followed by:

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
  • BetMGM ($30.9 million handle, down from $39.4 million in March; $3.1 million win, down from $3.6 million).
  • PointsBet ($10.3 million handle, down from $13.1 million; $794,476 win, down from $1.7 million)
  • William Hill ($8.5 million handle, down from $9.5 million; $378,830 win, down from $879,577)
  • BetRivers/French Lick Resort ($7.3 million handle, down from $9.2 million; $381,975 win, down from $829,034)
  • TheScore ($3.2 million handle, up from $3 million; $128,670 win, down from $263,111)
  • Unibet ($2 million handle, down from $2.1 million; $23,884 win, down from $139,283)
  • WynnBet ($411,778 handle; $47,206 win)
  • TwinSpires ($158,702 handle; -$8,929 win)
  • Caesars (No handle; -$2,167 win, down from $1,392)

Hollywood Lawrenceburg, nearest Cincinnati, led the retail market again with $8.4 million in wagers. Ameristar East Chicago was second with $5.2 million.

The online market also got more competitive in April. First with the launch of WynnBET on April 1, then later with the launch of TwinSpires just ahead of the Kentucky Derby. Barstool is also gearing up for the much-anticipated launch of its app.

“Even as the market approaches its second birthday, operators remain bullish on Indiana,” Russo said. “With two of the highest-volume retail sportsbooks in the state already, Barstool’s online app could really move the market. Fresh entries into the market will keep the largest operators in the state on their toes and vying for new customers.” 

For more revenue information on Indiana sportsbooks, visit PlayIndiana.com/revenue.

Powered by WPeMatico

Continue Reading
Advertisement

Canada

absolutebet Secures AGCO Registration as an Internet Gaming Operator in Ontario

Published

on

absolutebet-secures-agco-registration-as-an-internet-gaming-operator-in-ontario

 

Internet Gaming Operator by the Alcohol and Gaming Commission of Ontario (AGCO).

This significant milestone authorizes absolutebet to offer regulated iGaming services in Ontario’s legal market under the oversight of AGCO and iGaming Ontario (iGO).

The registration marks a key step in absolutebet’s mission to bring a trusted, responsible, and innovative online casino experience to Ontario players. absolutebet is committed to operating with integrity and transparency, meeting all provincial standards for player protection, responsible gambling, anti-money laundering, and game integrity.

Securing AGCO registration is more than a milestoneit’s the start of absolutebet’s journey in one of the most exciting regulated markets in the world,” said Chen Truman, Founder of absolutebet. “We are building a brand that will grow with the Ontario community and set the stage for future expansion.”

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

On the regulatory milestone, Krisztina Kalla, Legal & Regulatory Compliance Advisor of absolutebet, commented: “I’m incredibly proud to see all the hard work behind this license pay off. Securing AGCO registration has taken months of preparation and close collaboration with regulators and partners. I am very happy to see the result of that work, and even more excited as we move into the launch phase and open up the absolutebet community to Ontario players in a fun and responsible way.”

Ontario is recognized as one of the most competitive and fast-growing regulated iGaming markets in North America. With AGCO registration secured, absolutebet will move forward with the final stages of its iGO onboarding process in preparation for launch.

 

The post absolutebet Secures AGCO Registration as an Internet Gaming Operator in Ontario appeared first on Gaming and Gambling Industry in the Americas.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Alex Malchenko Head of Sales at Evoplay

Evoplay strengthens Ontario presence in partnership with Caesars Entertainment

Published

on

evoplay-strengthens-ontario-presence-in-partnership-with-caesars-entertainment

 

Evoplay, the award-winning game development studio, has partnered with Caesars Entertainment to expand its footprint in the Canadian market, following its initial entry earlier this year. The partnership integrates 20 of the studio’s top-performing titles onto Caesars Palace Online Casino, Horseshoe Online Casino and Caesars Sportsbook & Casino in Ontario, including fan-favourites such as Hot Triple Sevens, Triple Chili, and The Greatest Catch Bonus Buy.

Having announced its official entrance into Ontario in March, the collaboration with Caesars marks a significant step in Evoplay’s local strategy. Further standout releases, such as Inner Fire Bonus Buy and Hot Volcano, also launched as part of the initial package, with additional player favourites, including Fruit Nova and Ice Mania.

The collaboration underlines Evoplay’s commitment to working with leading operators to deliver high-quality content tailored to regional audiences.

Alex Malchenko, Head of Sales at Evoplay, said: “Launching with Caesars in Ontario marks a key milestone in our North American strategy.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“It reflects both the strength of our portfolio and our commitment to providing innovative, high-performing content to operators of the highest caliber.”

Ricardo Cornejo Rivas, Vice President of Online Gaming at Caesars Digital, said: “Evoplay brings a fresh and dynamic approach to online gaming, which we’re excited to offer to our players in Ontario. This portfolio of standout titles adds to our growing content library and furthering our ongoing goal of delivering top-tier entertainment experiences to our players.”

The post Evoplay strengthens Ontario presence in partnership with Caesars Entertainment appeared first on Gaming and Gambling Industry in the Americas.

Continue Reading

Canada

iGaming Ontario Appoints Joseph Hillier as its New President and CEO

Published

on

igaming-ontario-appoints-joseph-hillier-as-its-new-president-and-ceo

 

The iGaming Ontario Board of Directors has announced Joseph Hillier as the organization’s new President and Chief Executive Officer, effective September 8, 2025. Joseph’s depth in the Ontario igaming market combined with successful public and private sector careers make him the ideal President and CEO at this critical point in iGaming Ontario’s growth.

Joseph was most recently Chief Strategy Officer and Corporate Secretary at the Alcohol and Gaming Commission of Ontario (AGCO), where he delivered significant strategic and regulatory initiatives across the province’s alcohol, cannabis, gaming, and horse racing sectors. Prior to the AGCO, he served as Chief of Staff to Ontario Attorney General Hon. Doug Downey and led the development, launch and implementation of Canada’s first private sector-driven igaming market and the creation of iGaming Ontario. Joseph also spent more than a decade working in the financial and legal services sectors.

The Board expressed its sincere thanks to David Smith for serving as Interim President and Chief Executive Officer since Martha Otton’s retirement.

The post iGaming Ontario Appoints Joseph Hillier as its New President and CEO appeared first on Gaming and Gambling Industry in the Americas.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
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