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PlayMichigan.com: Sports betting drops for first time in online era

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Michigan experienced its first month-over-month decline in sports betting since launching online sports betting earlier this year, an unsurprising result as the sports calendar slowed in April. But the seasonal slowdown didn’t stop the state from becoming the quickest in the U.S. to $1 billion in online wagering. This as online casinos continued to dwarf sports betting with another month of revenue that neared $100 million, according to PlayMichigan, which analyzes and researches the state’s regulated online gaming and sports betting market.

“Sports betting gets the lion’s share of attention, but it will take years for Michigan’s sportsbooks to reach the kind of revenue that online casinos are already producing,” said Jessica Welman, analyst for PlayMichigan.com. “In addition, online casinos aren’t susceptible to the same seasonal ebbs and flows like sports betting. That said, $1 billion in less than four months of online sports betting is no minor feat either.”

Relying mostly on regular season baseball and NBA games to generate action, Michigan sportsbooks accepted $249.9 million in online handle in April, according to official data released Friday by the Michigan Gaming Control Board. That total was down 30.5% from $359.5 million in March. Combined with the state’s $24.2 million retail handle, which was released last week, Michigan’s online and retail sportsbooks collected $274.2 million in bets, 91.1% of which were made online. The combined handle was down 28.5% from $383.7 million in bets in March.

The total handle will likely keep Michigan at No. 5 in the U.S., behind New Jersey, Nevada, Pennsylvania, and Illinois. But with $1.03 billion in online wagers made from the launch of online sports betting on Jan. 21 through April 30, Michigan is the quickest of any state to reach $1 billion in online wagers.

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April’s gross operator revenue from online betting slipped to $20.4 million, down 36.8% from $32.3 million in March. Adjusted gross revenue fell to $10.9 million from the record $19.0 million generated in March. That revenue yielded just $312,824 in state taxes. Promotional credits continue to sap the state’s take, even as the promotional spend fell to $9.5 million in April.

“Sportsbooks are in a generally healthy position heading into the typical summer slowdown, especially considering Michigan’s pro teams have not done much to spur interest,” said Matt Schoch, analyst for PlayMichigan.com. “Tax revenue is still a concern, and we will likely have to wait until football season to see significant growth in sports betting again. But with the Olympics this year and the NBA Finals later than usual, sportsbooks can look forward to a busier-than-normal summer. Ideally, that will positively affect tax revenue, too.”

FanDuel/MotorCity Casino topped online operators with a $74.2 million online handle, down from $107.2 million in March. April’s action produced $7.0 million in gross sports betting receipts for FanDuel, down from $7.8 million in March, resulting in a market-best $5.2 million in taxable revenue, up from $5.0 million.

DraftKings/Bay Mills Indian Community jumped to No. 2 with $61.5 million in wagers, down from $76.5 million in March. Gross gaming revenue dropped to $3.4 million from $6 million in March, leading to $1 million in adjusted revenue, down from $3.7 million. BetMGM/MGM Grand Detroit was third in betting volume with $54.9 million, down from $92.6 million in March. Gross receipts fell to $5.5 million from $8.7 million, and taxable revenue dropped to $3.8 million from $6.4 million.

The online market leaders were followed by:

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Barstool/Greektown Casino ($24.8 million handle, down from $39.6 million in March; $1.2 million adjusted gross revenue, down from $3.6 million)
PointsBet/Lac Vieux Desert Band of Lake Superior Chippewa Indians ($14.1 million handle, down from $14.2 million; -$355,073 AGR, down from $2.2 million)
William Hill/Grand Traverse Bay Band of Ottawa and Chippewa Indians ($7 million handle, down from $11 million; -$8,162 AGR, down from $1 million)
FOX Bet/Little Traverse Bay Bands of Odawa Indians ($5.5 million handle, down from $7 million; $163,175 AGR, down from $503,063)
BetRivers/Little River Band of the Ottawa Indians ($2.8 million handle, down from $4.8 million; -$28,856 AGR, down from $537,644)
Twin Spires/Hannahville Indian Community ($1.9 million handle, down from $3.2 million; -$12,190 AGR, down from $209,572)
Wynn/Sault Ste. Marie Tribe of Chippewa Indians ($1.9 million handle, down from $2.2 million; $89,902 AGR, down from $418,529)
Golden Nugget/Keweenaw Bay Indian Community ($874,114 handle, up from $789,792; -$43,215 AGR, down from $70,649)
Four Winds Sportsbook/Pokagon Band of Potawatomi Indians ($345,719 handle, down from $385,009; $107,524 AGR, up from $51,196)
“FanDuel, BetMGM and DraftKings continue to flex their marketing advantages to separate themselves from the state’s other operators,” Schoch said. “As the trio entrench themselves at the top of the market, it will be increasingly difficult for any other operator to break through.”

Online casinos and poker

Michigan’s online casinos and poker rooms continued to impress with $94.9 million in April — down slightly from $95.1 million in March. That total actually represents a small increase in revenue per day, however. Online casinos and poker rooms combined to win $3.16 million per day for the 30 days of April, up from $3.07 million per day in the 31 days of March.

The win yielded adjusted gross receipts of $88.9 million, up from $88.7 million in March, generating $17.8 million in tax revenue for the state and $5.2 million in local taxes.

April’s revenue should keep Michigan close to Pennsylvania and New Jersey, the nation’s two largest iGaming markets in the U.S., though neither of those states has reported April data yet. The biggest difference is where the states are in maturity. New Jersey launched online casinos in 2013 and Pennsylvania launched in 2019.

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“There is no precedent for how Michigan has responded to the launch of online casinos,” Welman said. “It’s safe to say that at some point Michigan will challenge to be the largest online casino market in the U.S. The only question is when.”

Other highlights from April:

BetMGM/MGM Grand Detroit led with $36.8 million in adjusted receipts, yielding $7.2 million in state taxes.
FanDuel/Motor City was second with $14.1 million in AGR, producing $2.8 million in state tax. That total edged DraftKings/Bay Mills’ $14 million in AGR.
For more information and analysis on regulated sports betting in Michigan, visit PlayMichigan.com/news.

About the PlayUSA.com Network:
The PlayUSA.com Network is a leading source for news, analysis, and research related to the market for regulated online gaming in the United States. With a presence in over a dozen states, PlayUSA.com and its state-focused branches (including PlayMichigan.com, PlayNJ.com, and PlayPennsylvania.com) produce daily original reporting, publish in-depth research, and offer player advocacy tools related to the advancement of safe, licensed, and legal online gaming options for consumers. Based in Las Vegas, the PlayUSA Network is independently owned and operated, with no affiliations to any casino.

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Canada

Casino Time Elevates Social Gaming in Ontario with Launch of iGaming Website

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Casino Time, a full-service online casino for Ontario residents, proudly announces the highly anticipated launch of its iGaming website, CasinoTime.ca. Affiliated with 10 Charitable Gaming entertainment venues across the province, Casino Time extends its legacy fundraising model and beloved social gaming experience to the digital realm.

At the time of launch, Casino Time features a premium selection of games in each of its core product verticals including Slots, Live Dealer Casino Games, and Bingo. Adding to its diverse portfolio, Casino Time is also set to introduce a Sportsbook in late 2024. With a robust suite of features including interactive chat, local customer service, 24/7 accessibility, loyalty rewards, and rapid payment solutions, the online platform provides a powerful casino experience that is community-oriented.

Casino Time is committed to meeting the expectations of players who value the superior gaming experience associated with its charitable gaming affiliates. The iGaming website harnesses industry-leading technology from Gaming Innovation Group (GiG) to deliver an intuitive user experience and offers progressive jackpots and full-service game offerings from Pragmatic Play, Evolution, IGT, and Blueprint Gaming, including mega hits like Lightning Roulette, Gonzo’s Quest, and Cleopatra.

Pragmatic Play will also be the driving force behind Casino Time’s Bingo offering, handpicked by the operator for its best-in-class user experience, comprehensive promotional suite, live chat functionality, and exclusive play-on-demand feature. Casino Time is the first Canadian iGaming operator to offer regulated access to the globally renowned bingo product, Bingo Blast, cherished by players everywhere.

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“We have been leading the revival of community gaming in Ontario for 20 years with cutting-edge gambling entertainment at the local level. Now through an exclusive partnership with iGO, we’re bringing our offerings online across Ontario, providing more access to the social gaming revolution that has won us a legion of fans,” says D’Arcy Stuart, CEO of Casino Time.

Rooted in legacy, Casino Time’s team is dedicated to delivering an unparalleled online and offline gaming experience with over 50 years of serving the gambling community in Ontario. Committed to VIP loyalty, high-touch customer care, responsible gaming practices, and safety and security, Casino Time provides community and peace of mind to its players.

“In our physical locations, our gambling product is, of course, second to none, but the special sauce is the social experience, which we’re replicating with the iGaming platform,” adds George Prue, General Manager of Jackpot Time Sarnia. “We know our customers personally and we love being part of their recreation and banter. Plus, proceeds get invested straight back into the community. That’s a gambling model we can proudly stand behind.”

Casino Time is not merely an online entity; it is an extension of the vibrant Ontario gambling community. Casino Time’s iGaming website goes beyond the ordinary, fostering a community-oriented gaming experience that is both social and inclusive.

 

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Alcohol and Gaming Commission of Ontario (AGCO)

Soft2Bet strengthens integrity monitoring with IBIA membership in Ontario

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Soft2Bet, a leading casino and sportsbook platform provider, has joined the International Betting Integrity Association (IBIA) and activated its membership in Ontario, Canada, following its licensing in the Canadian province.

Soft2bet obtained its Certificate of Registration from the Alcohol and Gaming Commission of Ontario (AGCO) at the end of March, where the company’s Ontario-focused brand Tooniebet.com will now feed into IBIA’s world-leading sports betting integrity monitoring platform before worldwide implementation in the coming months.

IBIA includes over 50 of the world’s leading sports betting and gaming companies, who operate over 125 sports betting brands. Soft2Bet’s decision to join the association further strengthens its own internal betting integrity protocols and IBIA’s position as the world’s leading sports betting integrity monitoring body.

David Yatom Hay, General Counsel at Soft2Bet, commented: “Soft2Bet is delighted to be joining the IBIA as we strengthen our own betting integrity monitoring processes and play our part in furthering the IBIA’s long-standing work on this key issue. Ontario is a world class iGaming jurisdiction; it will be the first market where we will implement our IBIA membership and we look forward to deploying the monitoring infrastructure worldwide in all the other markets in which we operate.

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Khalid Ali, CEO of IBIA, said: “Soft2Bet is a very welcome addition to IBIA, further strengthening our position in the Ontario market. The operator’s decision to join IBIA demonstrates its desire to utilise the best integrity protection available for its sportsbook product. The association is delighted to be able to integrate Tooniebet within our integrity monitoring system and looks forward to working closely with Soft2Bet to maintain the high integrity of its sportsbook.”

IBIA is a not-for-profit body that has no competing conflicts with the delivery of commercial services to other sectors and is run by operators and for operators to protect regulated sports betting markets from match-fixing. IBIA’s global monitoring network is a highly effective anti-corruption tool, detecting and reporting suspicious activity in regulated betting markets.

Through the IBIA monitoring network it is possible to track transactional activities linked to individual customer accounts. IBIA members generate more than $300bn in annual betting turnover (handle), accounting for approximately 50% of the global commercial regulated land-based and online sports betting sector, and in excess of 50% for online alone.

IBIA recently released a report on the Availability of Sports Betting Products which highlighted Ontario as a leading regulated gambling jurisdiction, with an expected onshore channelisation for sports betting of 92% in 2024 forecast to rise to 97% in2028. IBIA currently represents over 60% of the private sports betting operators licensed in the province. All online sportsbetting operators licensed in Ontario are required to be part of a betting integrity monitoring body.

IBIA’s Q1 2024 report detailed 56 alerts during the quarter. IBIA alerts contributed to the investigations and subsequent successful sanctioning of 21 clubs, players and officials in 2023, an increase on the 15 sanctioned in 2022.

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British Columbia Lottery Corporation

SCCG Management Signs Contract with British Columbia Lottery Corporation

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SCCG Management has signed a contract with the British Columbia Lottery Corporation (BCLC), the B.C. Crown corporation which conducts and manages commercial gambling in the province, including lotteries, casinos, and online gaming. This partnership aims to undertake a comprehensive assessment and strategic enhancement of BCLC’s diverse operations.

The work between SCCG and BCLC will involve a thorough review of technological infrastructures, strategic market positioning, and the integration of various gaming modalities. SCCG’s extensive expertise will be pivotal in harmonizing BCLC’s online and physical gaming experiences.

Stephen Crystal, Founder and CEO of SCCG Management, said: “Our collaboration with BCLC represents a remarkable opportunity to push the boundaries of innovation within the gaming industry. We are committed to deploying our resources and expertise to enhance BCLC’s operational efficiencies and customer engagement strategies. It’s an honor to partner with an organization that has a robust impact on the community through its support of public initiatives.”

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