Connect with us

Canada

PlayPennsylvania.com: Sportsbooks make first betting volume gains since March

Published

on

 

The return of football helped Pennsylvania sportsbooks post their first month-over-month increase in betting volume since March with nearly $350 million in wagers in August. The gain sets the stage for what could be a record-shattering fall for the state’s sportsbooks as online casinos and poker rooms continue their own torrid pace, according to PlayPennsylvania, which tracks regulated online gaming and sports betting in the state.

“August’s sports schedule is still relatively light compared with the fall, so it is welcome to see betting volume move off the low we saw in July,” said Valerie Cross, analyst for PlayPennsylvania.com. “The next four months is the most important stretch of the year for sportsbooks, though, and every sign points toward a stretch of widespread growth.”

Pennsylvania’s online and retail sportsbooks accepted $348.5 million in wagers in August, down 4.5% from $365.0 million in August 2020 but up 14.5% from $304.4 million in July, according to official data released Monday. August marked the first month since March, when sportsbooks took in $560.3 million in wagers, that the combined handle topped the previous month’s handle.

Gross gaming revenue fell 8.3% to $25.3 million from $27.6 million in August 2020 and fell 7.9% from $27.5 million in July. August produced $18.0 million in taxable revenue, generating $6.1 million in state taxes and $360,145 in local share assessments.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The gains in August were likely in part a product of increasing interest in baseball, especially as the Philadelphia Phillies remained in postseason contention. But a handful of college and NFL preseason games, in addition to futures betting on football, undoubtedly helped boost bettors’ interest.

“An inglorious exit from the NBA playoffs, the struggles of the Pittsburgh Pirates, and the inconsistency of the Phillies, conspired to make this a relatively slow summer for Pennsylvania’s sportsbooks,” said Dustin Gouker, analyst for the PlayUSA.com Network, which includes PlayPennsylvania.com. “It took just a handful of games in August to show how important football is to the sports-betting industry.”

Bettors made $318.1 million in wagers at the state’s online sportsbooks, representing 91.3% of the state’s total handle. FanDuel led all online operators with $135.7 million in wagering, up 27.1% from $106.7 million in July. FanDuel’s online revenue fell 54% to $5.7 million in August from $12.3 million in July, yielding $3.0 million in taxable revenue.

DraftKings was second in the state with $80.4 million in wagers, up 21.4% from $66.2 million in July. That yielded $8.0 million in gross revenue and $6.6 million in taxable revenue. BetMGM was third in the state with $29.0 million in wagers and $2.5 million in gross revenue.

Penn National’s Barstool-branded app attracted $26.3 million in wagers creating $2.1 million in gross revenue and $1.6 million in taxable revenue.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The online leaders were followed by:

  • BetRivers ($13.2 million handle, down from $14.5 million; $882,274 GGR, down from $1.3 million)
  • SugarHouse ($10.3 million handle, up from $9 million; $692,350 in GGR, up from $680,099)
  • Fox Bet ($8.6 million handle, down from $10 million; $746,103 in GGR, up from $709,376)
  • Parx Casino ($6.4 million handle, down from $7.9 million; $713,282 GGR, down from $745,087)
  • Unibet ($4.2 million handle, down from $4.5 million; $307,601 GGR, down from $316,936)
  • TwinSpires ($2.3 million handle, up from $2.1 million; $147,448 GGR, down from $179,276)
  • Caesars ($1.2 million handle, up from $947,532; $73,785 GGR, up from -$126,967)
  • Betway ($617,954 handle; up from $563,481; $18,818 GGR, up from -$32,239)
  • Wind Creek ($521,601 handle, up/down from $406,259; $78,195 GGR, up from $6,284)

Meanwhile, retail sportsbooks accepted $30.4 million in wagers in August, up from $29.0 million in July. Those wagers created $3.3 million in gross gaming revenue, up 22.8% from $2.7 million in July. Rivers Philadelphia topped the retail market with $5.1 million in bets, ahead of Rivers Pittsburgh’s $4.4 million handle.

“Revenue generation is important this time of year, too, but football is often a springboard for operators to build relationships with new customers,” Gouker said. “This is why operators are aggressive with their football-related promotional offerings and advertising campaigns, particularly around the opening weeks of the season. It’s also a time when giants such as FanDuel and DraftKings really can exploit their resource advantage over smaller operators.”

Online casinos and poker

Online casinos and poker rooms posted their sixth consecutive month with gross gaming revenue over $100 million with $103.2 million in August. That was up 54.8% from $66.7 million in August 2020, though down 1.2% from $104.5 million in July.

Gross revenue was whittled to $88.7 million in taxable revenue, which was even with July. August’s win yielded $39.4 million in state and local taxes. Wagering at online casino games remained brisk, hitting $3.2 billion in August, which was also even with July.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“While sportsbooks ebb and flow with the seasons, the growth at online casinos has been consistent and relentless,” Cross said. “As the weather cools, that growth should continue. There are no signs yet that point to any kind of slowdown on the immediate horizon.”

Other highlights from August:

  • Online casino and poker rooms generated $3.3 million in gross gaming revenue per day over the 31 days of August, down from $3.4 million per day in July.
  • Penn National, which includes the DraftKings, BetMGM, Barstool, and Hollywood casinos, led the market once again with $35.1 million in gross revenue. Rivers Philadelphia, which includes SugarHouse, Borgata, and BetRivers casinos, was second with $30.8 million.
  • On the strength of the first full month of the World Series of Poker, poker generated $3.2 million in revenue, up from $2.7 million in August 2020. Mount Airy/PokerStars topped operators with $1.9 million in revenue.

For more information, visit www.playpennsylvania.com/news.

Powered by WPeMatico

Continue Reading
Advertisement

BetVictor

BetVictor Canada launches Tracy McGrady Safer Gambling campaign

Published

on

betvictor-canada-launches-tracy-mcgrady-safer-gambling-campaign

 

BetVictor Canada has launched its new out-of-home advertising campaign across the streets of Toronto to promote NBA legend Tracy McGrady as its Safer Gambling Ambassador.

Two mobile digital trucks strategically targeting high-traffic areas near Scotiabank Arena, Rogers Centre, and major sporting events will provide prime audience exposure for the campaign, scheduled around Toronto Maple Leafs, Toronto Raptors, and Toronto Blue Jays home games.

To further enhance the campaign’s reach, BetVictor Canada has partnered with Clear Media Group to leverage digital taxi tops across Toronto, providing city-wide exposure with 100 taxis displaying key brand messaging. These digital taxi tops will run during peak evening hours (5:00pm – 9:00pm) on select dates until April 5th, 2025.

The campaign coincides with Problem Gambling Awareness Month, a nationwide grassroots campaign held each March that seeks to increase public awareness of problem gambling and promote prevention, treatment, and recovery services.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

BetVictor Canada offers an array of tools and services to help its Canadian customers bet and play safely and responsibly, across a host of sports betting markets and online casino games.

Mark Harper, Head of Emerging Markets at BV Group, said: BetVictor is delighted to be participating in the National Council of Problem Gambling campaign in March, to help increase public awareness of problem gambling and the need to promote prevention, treatment and recovery services.

“In using our Safer Gambling Ambassador, Tracy McGrady, to raise awareness about BetVictor’s safer gambling tools such as loss limits, time alerts and product restrictions we are dedicated to ensuring all players have a safe gambling experience. #PGAM2025.”

The post BetVictor Canada launches Tracy McGrady Safer Gambling campaign appeared first on Gaming and Gambling Industry in the Americas.

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

AGCO

AGCO issues $110,000 in penalties to BetMGM Canada for offering cash to induce new gambling customers

Published

on

agco-issues-$110,000-in-penalties-to-betmgm-canada-for-offering-cash-to-induce-new-gambling-customers

 

The Alcohol and Gaming Commission of Ontario (AGCO) has served BetMGM Canada Inc. with an Order of Monetary Penalty (OMP) of $110,000 for violations of the Registrar’s Standards for Internet Gaming.

In two separate incidents in 2024, BetMGM engaged marketing companies who offered cash to members of the public in return for opening new BetMGM accounts. The marketing activities occurred in public forums, such as a major national trade conference. Under AGCO’s Standards, operators are responsible for the conduct of their third-party suppliers who are contracted to support the operator’s Ontario gaming business, and must require their third-parties to meet Ontario laws, regulations and standards (Standard 1.19).

Ontario is one of the first jurisdictions in the world to establish and enforce rules that strictly limit high-risk inducement advertising and marketing in the online gambling industry. Registered iGaming operators are prohibited from offering gambling inducements, bonuses and credits as part of their broad public advertising and marketing activities (Standard 2.05). These Standards exist to protect Ontarians from predatory advertising and promotional marketing practices in order to limit the risk of gambling-related harm.

A registered operator served with an OMP by the AGCO has the right to appeal the Registrar’s decision to the Licence Appeal Tribunal (LAT), which is an adjudicative tribunal independent of the AGCO and part of Tribunals Ontario.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

QUOTE

“Responsible gambling safeguards and the protection of Ontarians on registered gaming sites is among our key priorities. The AGCO monitors the activities of all registered operators and their third-party suppliers to ensure they are meeting our high standards and we continue to take strong action to ensure they operate within the public interest.”

Dr. Karin Schnarr, Chief Executive Officer and Registrar – AGCO

ADDITIONAL INFORMATION

BetMGM Canada Inc. failed to comply with the Registrar’s Standards for Internet Gaming. Specifically, the licensee failed to comply with the following provisions of the Standards:

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
  • 1.19 Operators are responsible for the actions of third parties with whom they contract for the provision of any aspect of the Operator’s business related to gaming in Ontario and must require the third party to conduct themselves in so far as they carry out activities on behalf of the operator as if they were bound by the same laws, regulations, and standards.
  • 2.05 Advertising and marketing materials that communicate gambling inducements, bonuses and credits are prohibited, except on an operator’s gaming site and through direct advertising and marketing, after receiving active player consent.

Contrary to the Standards, BetMGM Canada Inc. and/or their affiliates allegedly engaged in the following activities:

a) On or about January 13 and 14, 2024, BetMGM representatives were alleged to have attended the National Franchise Show and were offering $100 in cash to new players for opening a new account and depositing $15.
b) On or about March 11, 2024, BetMGM acknowledged that its marketing affiliate “Above the Street” had engaged in prohibited inducement marketing. The conduct resulted in 377 player sign-ups and $127,180.00 in commissions to “Above the Street”.
c) On or about April 13, 2024, another BetMGM marketing affiliate “Maple Leaf Marketing” engaged in prohibited inducements and marketing to induce on-site activations and acquire new players. The conduct resulted in 94 player sign-ups and about $34,000.00 in commissions paid to “Maple Leaf Marketing”.

The post AGCO issues $110,000 in penalties to BetMGM Canada for offering cash to induce new gambling customers appeared first on Gaming and Gambling Industry in the Americas.

Continue Reading

BCLC

BCLC Launches “What’s played here stays here” Campaign

Published

on

bclc-launches-“what’s-played-here-stays-here”-campaign

 

BCLC’s new “What’s played here stays here” campaign is issuing an important reminder to British Columbians who choose to gamble – specifically that all net profit its operations generate stays in B.C. to help fund critical services like education, health care and community programs.

The campaign also reinforces that all other gambling websites operating in B.C. are illegal and take away funds from critical community programs and services.

“Across B.C. and Canada, we’ve seen incredible groundswell around the importance of buying and supporting local, and that’s no different for British Columbians who choose gambling for their entertainment. We want our B.C. players to know they can find a world-class gambling experience in their own backyard, whether it’s at one of our 33 casinos, 3,400 lottery retailers, or online at PlayNow.com, and that the proceeds from their play with BCLC make a positive impact at home in their community,” Pat Davis, President and CEO of BCLC, said.

Along with illegal online gambling websites, BCLC also competes with Washington State and Las Vegas casinos, all of which aggressively market to B.C. residents.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“BCLC continues to raise awareness that these gambling options do not support B.C.’s economy and take away funds from vital provincial and community-based programs and services. In a time when British Columbians are standing united, we want to reinforce that playing together with BCLC helps make B.C. even better,” Pat Davis added.

The post BCLC Launches “What’s played here stays here” Campaign appeared first on Gaming and Gambling Industry in the Americas.

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