Canada
PlayPennsylvania.com: Sports betting expectedly slows in April
Sports betting in Pennsylvania slowed to its lowest level since September 2020, an expected drop with a sports calendar absent the NFL or a major betting holiday such as the NCAA Tournament, according to PlayPennsylvania, which analyzes and researches the state’s regulated online gaming and sports betting market. Meanwhile, online casinos and poker continued their yearlong surge.
“Sports betting is following normal seasonal patterns seen in almost every legal jurisdiction, so it might be until September that the state’s sportsbooks begin to challenge the state record books again,” said Dustin Gouker, analyst for PlayPennsylvania.com. “With the Olympics and the NBA Playoffs later than usual this year, this will still be a summer that is better than a typical year. And that could be especially so if Sixers make a deep run into July.”
Pennsylvania’s online and retail sportsbooks accepted $479.4 million in wagers in April, according to official data released Tuesday, snapping a streak of four consecutive months above $500 million in wagers. April’s volume was down 14.4% from $560.3 million in March and the lowest since sportsbooks generated $462.8 million in September. Still, handle was up dramatically over the $46 million in bets taken in April 2020, the first full month sportsbooks were affected by pandemic-related shutdowns and the statistical low.
Sportsbooks won $36 million in gross gaming revenue of April’s wagering, up 1,025.1% from $3.2 million in April 2020 though down 13.9% from $41 million in March. April’s receipts produced $26.3 million in taxable revenue, yielding $8.9 million in state taxes and $525,930 in local share assessment.
Local interest in the playoff runs of the Philadelphia 76ers and Pittsburgh Penguins, coupled with the start of the Philadelphia Phillies and Pittsburgh Pirates seasons, actually helped shallow the seasonal lull for Pennsylvania. Colorado (-18%), Indiana (-25.4%), Iowa (-26.7%), and Michigan (-30.5%) all experienced more dramatic month-over-month declines in April, while New Jersey (-13%) and Tennessee (-13.6%) were slightly better.
“Local teams performing well, such as the Sixers and Penguins, are always a powerful incentive for bettors in any state,” said Valerie Cross, analyst for PlayPennsylvania.com. “In the case of Pennsylvania, it was a key difference between meeting expectations and falling short in April.”
Online sports betting accounted for $439.1 million of April’s handle, or 91.6%, down from 91.8% in March. FanDuel/Valley Forge led online operators again with $167.6 million in online wagering, down from $202.8 million in March. Those bets led to $13.75 million in gross revenue, up slightly from $13.72 million in March, and $11.1 million in taxable revenue. DraftKings/The Meadows was a distant second with $105.7 million in bets, down from $116.6 million in February. That action created $6.4 million in gross revenue, down from $7.7 million in March, and $5.4 million in taxable revenue.
Handle from the Barstool-branded Penn National/Hollywood Casino app fell to $57.2 million in April, down from $65.2 million in March and the third consecutive monthly decline. Those bets yielded $2.6 million in gross revenue, down from $6.2 million in March.
The online leaders were followed by:
BetMGM/Hollywood Morgantown ($33 million handle, down from $37.4 million; $2.5 million in gross revenue, down from $3.1 million)
BetRivers/Rivers-Pittsburgh ($18.8 million handle, down from $24.8 million; $1.8 million revenue, down from $2.3 million)
Fox Bet/Mount Airy ($15.2 million handle, down from $17.5 million; $1.1 million revenue, down from $1.3 million)
Parx Casino ($14.2 million handle, down from $18.7 million; $1.7 million revenue, up from $1.4 million)
PlaySugarHouse/Rivers-Philadelphia ($13.4 million handle, down from $17.2 million; $995,423 in revenue, down from $1.1 million)
Unibet/Mohegan Sun Pocono ($7.2 million handle, down from $10.2 million; $436,595 revenue, down from $620,357)
Betfred/Wind Creek ($2.7 million handle, up from $2.2 million; $49,074 revenue, down from $152,563)
Caesars/Harrah’s ($2.1 million handle, down from $1.7 million; -$75,375 revenue, down from $144,858)
TwinSpires/Presque Isle ($2.1 million handle, down from $1.4 million; $33,622 revenue, down from $436,828)
Meanwhile, as restrictions on brick-and-mortar casinos loosened, including the return of drink service on April 4, retail sportsbooks generated $40.3 million in handle in April. That was down from $45.9 million in March. April’s action produced $4.8 million in gross revenue, while Rivers-Philadelphia topped the retail market with $7.7 million in bets, just ahead of Parx Casino’s $5.3 million.
The entirety of the state’s gross gaming revenue — including online and retail sports betting and online and retail casinos — reached $404.1 million in April, the second consecutive month of total gaming revenue surpassed $400 million.
“Retail betting, whether casino games or sports betting, continues to inch toward normal, while the gains in online revenues made over the last year continue to hold,” Cross said. “That has created an overall gaming market that easily surpasses pre-pandemic level, even if retail betting is not quite where it was.”
Online casinos and poker
With $105.5 million in gross revenue and $92.7 million in taxable revenue in April, Pennsylvania’s online and retail sports showed more dramatic year-over-year growth. Taxable was up 115.2% from $43.1 million in April 2020 even as it fell short of the record $97.7 million set in March.
Online casino wagering hit $3.2 billion in April, up 128.6% from $1.4 billion in April 2020. And with new operators coming online, including BetMGM/Hollywood Casino earlier this year and late-April’s online launch of Borgata/Rivers Philadelphia, that growth shows few signs of stopping.
“Online casinos continue to thrive, even as retail casinos operate under few restraints and competition among online operators heats up,” Cross said. “New operators joining the mix shows there is still a belief that the online casino market in Pennsylvania has not yet reached its peak.”
Other highlights from April:
April’s revenue produced $25.5 million in state taxes and another $13.1 million in local share assessments and county grants.
Online casino and poker rooms generated $3.1 million per day in taxable revenue over the 30 days of April, down from the record of $3.2 million per day set in March.
Penn National, which includes the DraftKings, BetMGM, and Hollywood casinos, topped the market with $36 million in revenue on $1.2 billion in wagers. Rivers-Philadelphia, which includes PlaySugarHouse and BetRivers casinos, was second with $26.6 million in revenue on $846.7 million in wagers.
Revenue at Mount Airy/PokerStars, which was the lone online poker operator in the state, hit $2.3 million. While newly launched online poker rooms BetMGM, under the Hollywood Casino Grantville license, and Borgata, under the Rivers Philadelphia license, combined to generate $27,071 in the two days each operated in April.
For more information on the revenue generated by Pennsylvania, visit www.playpennsylvania.com/revenue.
Powered by WPeMatico
Canada
PointsBet Canada to Contest Proposed 5-Day Suspension by AGCO
PointsBet Canada confirmed it will request a hearing before the independent Licence Appeal Tribunal to contest the Notice of Proposed Order issued by the Alcohol and Gaming Commission of Ontario (AGCO) on February 12, 2026, proposing a five-day suspension of its operator registration.
PointsBet claims that the proposed sanction overemphasized an isolated incident that was a result of human error, not a systemic issue. The company also said that it did not intentionally withhold information from gaming regulators, and it immediately sent the necessary information once it was discovered.
The operator, which launched in Ontario in April 2022, also said that it cooperated fully with the AGCO’s investigation.
“We have a strong compliance record in Ontario and remain fully committed to the highest standards of integrity and player protection. We look forward to presenting our case at the Tribunal,” said Scott Vanderwel, PointsBet Canada Chief Executive Officer.
The post PointsBet Canada to Contest Proposed 5-Day Suspension by AGCO appeared first on Americas iGaming & Sports Betting News.
Canada
CasinoCanada enters partnership with Beef Casino
CasinoCanada has partnered with Beef Casino, an online gaming platform operated by Royal Partners. The partnership will enhance Beef Casino’s brand visibility in Canada through editorial coverage and targeted digital promotion.
CasinoCanada will produce in-depth reviews, analytical comparisons, and SEO-focused content for Canadian audiences and also generate SEO-based traffic to Beef Casino. This content will offer players accurate, transparent insights into Beef Casino’s offerings and support its regional growth.
CasinoCanada is an online casino information portal run by SEOBROTHERS.
Eugene Ravdin, Head of PR at SEOBROTHERS, commented: “Our cooperation with Beef Casino reflects our strategy of working with established operators that prioritize compliance, security, and user experience. Backed by Royal Partners’ extensive portfolio and operational expertise, Beef Casino brings strong value to the Canadian market. Through CasinoCanada.com, we aim to deliver clear, research-based content and sustainable traffic growth, building a partnership grounded in consistency and measurable results.”
Beef Casino operates under a licence from the Curaçao Gaming Authority. Managed by Royal Partners, one of the leading direct advertisers in the gambling sector, the brand benefits from a network of 17 proprietary products and over 1 million active users worldwide, according to the Royal Partners website.
The platform features thousands of premium gaming titles, including popular slots and a comprehensive Live Casino experience. Beef Casino uses advanced encryption technologies and operates under a trusted international licence to protect personal and financial data. 24/7 support is available via Live Chat, email, and hotline.
Lena Patrubeika, Head of EU-department at Royal Partners, stated: “The collaboration between Beef Casino, managed by Royal Partners, and CasinoCanada.com is built on a professional and disciplined approach. We find their team to be responsive to our brand’s requirements and consistent in their communication. The primary benefit of this partnership is the transparency they maintain throughout the workflow. Looking ahead, we aim to maintain this steady cooperation and continue fulfilling our mutual objectives.”
The agreement highlights both parties’ commitment to transparency, operational efficiency, and long-term growth in the competitive Canadian iGaming market.
The post CasinoCanada enters partnership with Beef Casino appeared first on Americas iGaming & Sports Betting News.
Adjusted EBITDA
Bragg Gaming Announces Select Preliminary Unaudited Fourth Quarter and Full Year 2025 Financial Results, and Issues Full Year 2026 Guidance
Bragg Gaming Group has announced that its preliminary unaudited financial results for the year ended December 31, 2025 are expected to come within its previously issued guidance ranges for both revenue and Adjusted EBITDA.
The Company anticipates the fourth quarter and full year 2025 financial results to include the following highlights:
Fourth quarter 2025 revenues to be approximately EUR 27.7 million, an increase of 1.8% from EUR 27.2 million in the fourth quarter of 2024, and Adjusted EBITDA to be approximately EUR 6 million (representing an Adjusted EBITDA Margin2 of approximately 16.6%), compared to EUR 4.7 million (representing an Adjusted EBITDA Margin of approximately 17.2%) in the fourth quarter of 2024. High-margin proprietary content revenue grew by 70% in Q4-2025 over Q4-2024, primarily driven by growth in the US.
Full year 2025 revenues to be approximately EUR 106.1 million, an increase of 4.0% from EUR 102.0 million in 2024, and Adjusted EBITDA to be approximately EUR 16.6 million (representing an Adjusted EBITDA Margin of approximately 15.6%), compared to EUR 15.8 million (representing an Adjusted EBITDA Margin of approximately 15.5%) in 2024. The Company notes that, excluding the Netherlands given its challenging regulatory environment, expected 2025 revenues would represent an 18% increase from 2024, driven by the Company’s performance in Brazil and the US.
These figures are preliminary and unaudited, and actual revenues, Adjusted EBITDA, and Adjusted EBITDA margin may differ.
Bragg is providing this information at this time because of planned investment community meetings to be held ahead of the release of its fourth and full year 2025 financial results and conference call in March 2026.
Anticipated Financial Highlights for 2026
Revenue Guidance: Revenue for the year ended December 31, 2026 is expected to be in the range of EUR 97.0 million to EUR 104.5 million, despite Bragg anticipating that it will have to continue navigating increasingly complex regulatory compliance requirements and recent tax changes in the Netherlands and other regions in which the Company operates.
Adjusted EBITDA Guidance: Adjusted EBITDA for the year ended December 31, 2026 is forecasted to be in the range of EUR 16.0 million to EUR 19.0 million (representing an Adjusted EBITDA Margin of approximately 16.0% to 18.0%), supported by factors which include a continuing shift toward higher-margin product offerings and the structural cost savings expected from Bragg’s recently announced initiative to utilize artificial intelligence (AI) to drive cost efficiencies and improve operational excellence.
Matevž Mazij, Chief Executive Officer for Bragg, said: “Based on the preliminary results, we delivered another record year in 2025, as demonstrated by increased revenue and higher Adjusted EBITDA. Now in 2026, we remain confident in our ability to successfully navigate evolving international regulatory and taxation developments, continue to increase our overall content market share in Brazil and the United States, aggressively pursue emerging alternative markets, such as Historical and Live Racing and Prediction Markets, and move into new jurisdictions that offer opportunities for higher margin content business. At the same time, we plan on thoughtfully harnessing the power of the Bragg AI Brain to reduce our overall cost structure, drive EBITDA growth, and move toward sustained net profitability. We look forward to updating investors as we progress.”
The post Bragg Gaming Announces Select Preliminary Unaudited Fourth Quarter and Full Year 2025 Financial Results, and Issues Full Year 2026 Guidance appeared first on Americas iGaming & Sports Betting News.
-
Central Europe7 days agoPowering the Next Generation of Online Casinos: Inside DSTGAMING’s Scalable iGaming Ecosystem
-
Adjusted EBITDA6 days agoBragg Gaming Announces Select Preliminary Unaudited Fourth Quarter and Full Year 2025 Financial Results, and Issues Full Year 2026 Guidance
-
Alberta iGaming Corporation7 days agoAlberta iGaming Corporation Partners with Responsible Gambling Council
-
Bagley-Keene Act6 days agoCalifornia Gambling Control Commission Issues Critical Guidance on Stakeholder Communications and Ex Parte Rules
-
Habanero7 days agoRacing Royalty — Habanero’s High-Speed Hold-and-Ride Thrill
-
BGaming7 days agoBrace for Impact — BGaming’s Rocket Eruption: Triple Blast
-
iGaming5 days agoPRAGMATIC PLAY UNEARTHS PROGRESSIVE MULTIPLIERS IN ROLLING IN TREASURES
-
Comatel4 days agoCOMATEL CELEBRARÁ UNA FIESTA PARA CIENTOS DE OPERADORES TRAS FINALIZAR EL PRIMER DÍA DE LA FERIA ESPAÑOLA, INTERAZAR



