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ILLINOIS SPORTSBOOKS HIT $400 MILLION IN WAGERING IN AUGUST Sports betting volume rises in August, foreshadowing what will be a busy fall, according to PlayIllinois

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Illinois sportsbooks began to emerge from a summer slowdown in August with an 8.5% gain in betting volume from July, the first month-over-month gain in wagering since March. The boost to more than $400 million in wagering was welcome ahead of a critical time of year for the industry, according to PlayIllinois, which tracks the state’s regulated online gaming and sports betting market.

“Interest in baseball, particularly the White Sox, coupled with the return of football in August, set the stage for what will certainly be the busiest four-month stretch ever for Illinois’ legal sports betting industry,” said Eric Ramsey, an analyst for the PlayUSA.com Network, which includes PlayIllinois.com. “After summer, any gain is welcome. But the gains in August should pale in comparison to what we see with a full football schedule.”

Illinois’ retail and online sportsbooks accepted $400.4 million in bets in August, up 185.8% from $140.1 million in August 2020 and up 8.5% from $369.1 million in July, according to official data released Tuesday. The per-day betting volume grew to $12.9 million over the 31 days of August, up from $4.5 million per day in August 2020 and $11.9 million per day in July.

Gross gaming revenue fell 12.3% to $32.7 million in August from $37.3 million in July, which produced $26.8 million in adjusted gross revenue. August’s profit yielded $4.3 million in state and local taxes.

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Baseball garnered the most interest in August, drawing $139.6 million in wagers, up from $124.0 million of action in July. Tennis ($43.4 million) and soccer ($30.8 million) drew significant interest, too. With just a handful of college and NFL preseason games, in addition to futures betting, football attracted $17.2 million in wagering.

August’s volume helped push the industry to $4.0 million in wagers and $326.3 million in gross gaming revenue for the year. And with football projected to draw more than $20 billion in wagering across the country, the state could reach $6 billion in wagering and $500 million in gross revenue by year’s end.

“There is little question that the final four months of the year will bring an onslaught of fresh records,” said Joe Boozell, lead analyst for PlayIllinois.com. “The biggest unknown is how much will in-person registration and the ban on wagering on in-state college teams drag on betting volume. We know it will be a strong finish to the year for sportsbooks, but it won’t be as good for the industry as it could have been.”

August’s wagering included $380.2 million in online bets, accounting for 95.0% of the state’s handle. DraftKings/Casino Queen topped Illinois again with $149.2 million in combined online and retail handle, up from $122.7 million in July. The operator took in a market-best $146.6 million in online wagers, too. In all, DraftKings generated a market-leading $11.3 million in gross gaming revenue, a notable gain from $9.5 million in July after the operator began offering profitable same-game parlays.

FanDuel was second with $111.5 million in online and retail wagers, down from $118.5 million in bets in July. $110.9 million of August’s wagering came online. The result was $10.5 million in gross gaming revenue.

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The leaders were followed by:

  • BetRivers/Rivers Casino ($73.5 million in wagers, including $64.8 million online; $6.1 million in revenue)
  • PointsBet/Hawthorne Race Course ($28.9 million in wagers, including $27.3 million online; $2.5 million in revenue)
  • Barstool/Hollywood Aurora ($26.4 million in wagers, including $25.5 million online; $2.1 million in revenue)
  • Caesars by William Hill/Grand Victoria ($6.5 million in wagers, including $5.2 million online; -$157,256 in revenue)
  • Argosy ($3.3 million in retail wagers; $242,700 in revenue)
  • Hollywood Joliet ($771,613 in retail wagers; $74,856 in revenue)
  • Par-A-Dice ($266,658 in wagers; $5,043 in revenue)

“The return of football brings in high betting volume, which is a motivator for every operator,” Boozell said. “But the value of football season for sportsbooks isn’t just in short-term profitability. Strong engagement offers sportsbooks an opportunity to grow their customer base by using aggressive promotions and other marketing strategies. And that can pay off even after the football season ends.”

For more revenue information, visit PlayIllinois.com/revenue.

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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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AGCO

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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