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SPORTS WAGERING IN IOWA SLIDES FOR SECOND CONSECUTIVE MONTH

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Iowa’s sports betting volume dropped slightly in May and remained well below the market’s peak reached in March. The modest downtick in wagering to less than $115 million is a fresh reminder that it likely won’t be until football season before Iowa’s sports betting industry sees significant growth again, according to analysts from PlayIA, which tracks the state’s regulated online gaming and sports betting market.

“There is no avoiding a summer slowdown, but Iowa’s sportsbooks are in a remarkably better position than this time last year when there was still so much uncertainty,” said Jessica Welman, analyst for PlayIA.com. “Sportsbooks will continue to be innovative this summer in an effort to keep bettors engaged with the remaining NBA season, baseball, and other sports, including the Olympics. Contrast that to last summer when most were in survival mode.”

Bettors placed $114.9 million in wagers at Iowa sportsbooks in May, according to official data released Thursday. That is down 2.9% from the $118.4 million in bets generated in April, and well short of the record $161.4 million in wagers in March. Betting fell to $3.7 million per day over the 31 days in May from $3.9 million over the 30 days in April.

Net operator revenue reached $6.1 million in May, down from $7.7 million in April. That resulted in $414,175 in tax revenue.

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This is the second consecutive month-over-month decline for Iowa, which isn’t a surprise. In April, all but one U.S. legal sports betting jurisdiction reported a month-over-month decline, including all of the nation’s 10 largest markets. Of those, only Nevada (-29.1%) and Michigan (-30.5%) experienced a larger dip from March to April than Iowa’s 26.7% decline.

“Iowa is more driven by college athletics than the majority of the largest markets in the U.S., so the end of college basketball season was bound to have an outsized effect,” said Dustin Gouker, analyst for PlayIA.com. “But a surge by the Cubs and White Sox in May was a big help for sportsbooks. If both teams can remain relevant this summer, it should really be a boost ahead of football season.”

$99.9 million in bets were made online in May, representing 87% of the state’s overall handle. That is down from 88.3% of the state’s handle in April. Retail betting accounted for the remaining $15.0 million, up from $13.8 million in April.

William Hill, which partners with six Iowa casinos — Prairie Meadows, Horseshoe Casino Council Bluffs, Isle Casino Hotel Waterloo, Isle of Capri Bettendorf, Lakeside, and Harrah’s Council Bluffs — led the market again with $37.6 million in wagers, including $35.3 million in online wagers. William Hill’s combined retail and online handle was down from $39.1 million in April and produced $1.1 million in net receipts. 

Wild Rose, which includes DraftKings and BetRivers, was second with $33.8 million in online and retail wagering. That is down from $34.6 million in April. $33.5 million of those bets were made online. Wild Rose led the market with $1.4 million in net receipts.

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Fueled by FanDuel and BetMGM, Diamond Jo took in $27.6 million in combined wagers, which included $24.3 million in online wagering. The combined bets led to a market-leading $2.5 million in net receipts.

“New operators will be pushing to launch ahead of football season, which will shake up the market a bit,” Welman said. “But for the moment, it appears the market leaders in Iowa are entrenched.”

For more information and analysis on regulated sports betting in Iowa, visit PlayIA.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 and its state-focused branches, including PlayIA.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.

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Bally Bet Sportsbook & Casino app

Bally’s Interactive Launches the New Bally Bet Sportsbook & Casino App in Ontario

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Bally’s Interactive, the digital and sports betting division of Bally’s Corporation, has launched the all-new Bally Bet Sportsbook & Casino app in Ontario, Canada. This latest release marks another significant milestone for the company, following the recent app update in New Jersey and a series of successful app launches in the past year, including the introduction of Bally Bet Sportsbook across multiple states and Bally Casino in Rhode Island.

The updated Bally Bet Sportsbook & Casino app represents a major step forward, as it combines the functionalities of the existing Bally Casino app and Bally Bet Sportsbook app into one comprehensive platform. Powered by White Hat Gaming, this new app allows players residing in or traveling to Ontario to conveniently place wagers on both sports and casino games using a single app, account, and universal wallet.

“We are thrilled to introduce the new Bally Bet Sportsbook & Casino app, marking a significant milestone for Bally’s. This integrated platform merges the features of our previous apps, providing players in Ontario with a seamless experience for both sports and casino betting. Our commitment to enhancing the player experience remains at the forefront as we strive to personalize the enjoyment of playing Bally Bet,” said Robeson Reeves, CEO of Bally’s Corporation.

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BCLC

Be #GiftSmart: Scratch the Idea of Gifting Scratch & Win Tickets to Kids

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BCLC reminds adults to gift responsibly this holiday season

With the holiday season in full swing, BCLC is reminding British Columbians to gift responsibly and scratch lottery products from their shopping lists for kids.

“Scratch & Win tickets can make great stocking stuffers for the adults in your life, but they’re not for kids,” said Ryan McCarthy, BCLC’s Director of Player Health. “The research shows that children who have early encounters with gambling are four times more likely to develop riskier gambling behaviour as they grow up. While people are out shopping for those last-minute gifts, BCLC wants adults to be aware of the potential risks associated with gifting lottery products to children and to consider safer alternatives.”

While Scratch & Win tickets are among the most common ways kids can be introduced to gambling, children are increasingly exposed to various online forms, such as gambling streams.

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“With the convergence of gaming and gambling, youth are becoming more exposed to gambling content in online spaces like streaming sites, where creators are able to live-stream their own gambling, usually while playing online slots and instant games,” said Dr. Luke Clark, Director for Gambling Research at UBC. “Our research at the UBC Centre for Gambling shows that a higher frequency of watching online gambling streams is associated with a more positive attitude towards gambling and a high intention to gamble in the future.”

In B.C., it is illegal to sell lottery products to anyone under the age of 19 and BCLC encourages adults to have conversations with the kids in their lives about the risks associated with gambling.

“Open and honest conversations are crucial when it comes to navigating childhood exposure to gambling,” said McCarthy, who shared the following tips to adults:

  • Monitor for gambling-related lifestyle changes. For example, developing a positive attitude towards gambling or a preoccupation with video games or streaming sites.
  • Be a positive role model. Exhibit safer gambling behaviour and talk about the risks.
  • Limit exposure. Monitor kids’ online activities and discourage engagement with gambling content. Explain how gambling is based on chance.
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Jackpot Digital Receives Approval from AGCO as a Registered Gaming Supplier

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Jackpot Digital Inc., a leading provider of innovative dealerless electronic poker gaming solutions, has announced that the Alcohol and Gaming Commission of Ontario (AGCO) has approved the Company to be licensed as a registered Gaming Related-Supplier (the “Supplier License”) under the Gaming Control Act in the Province of Ontario.

This significant achievement allows Jackpot Digital to enter one of the most dynamic and rapidly growing regulated gaming markets in North America. The Supplier License authorizes Jackpot Digital to supply its electronic table games to Ontario’s gaming venues, including casinos and other regulated gaming facilities.

Jackpot Digital’s flagship product, the Jackpot Blitz electronic table game system, offers a modern, dealerless, player-friendly solution that integrates traditional multiplayer poker games with cutting-edge digital technology. The Supplier License will enable the Company to offer its innovative gaming solutions to operators throughout Ontario, driving new revenue opportunities and enhancing player experiences.

“Receiving AGCO’s approval is a major milestone. This approval provides us with the opportunity to offer our top-tier electronic gaming systems to operators throughout all of Ontario, positioning us for further growth in one of the world’s most robust gaming markets. We are excited to bring our innovative products to Ontario’s gaming community and continue our commitment to providing exciting, technology-driven entertainment experiences,” said Jake Kalpakian, CEO of Jackpot Digital.

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