New Jersey Sportsbooks, Online Casinos Turn September Into A Month Of Milestones – European Gaming Industry News|New Jersey Sportsbooks, Online Casinos Turn September Into A Month Of Milestones

New Jersey sportsbooks, online casinos turn September into a month of milestones – European Gaming Industry News|New Jersey sportsbooks, online casinos turn September into a month of milestones

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New Jersey sportsbooks, online casinos turn September into a month of milestones

The first month of the NFL season propelled New Jersey’s online and retail sportsbooks to a record handle and win in September and past $4 billion in bets since the industry launched in June 2018, according to PlayNJ.com analysts.

“New Jersey more than doubled its handle from September 2018, which is staggering growth,” said Dusin Gouker, lead analyst at PlayNJ.com. “After such an impressive debut, the question now becomes how much room is there to grow? The upward trajectory will continue, it is just a matter of how steep the growth will be.”

In September, bettors made $445.6 million in wagers through New Jersey sportsbooks, a 142% jump from $183.9 million in September 2018, according to official reporting released Tuesday. Those bets yielded a record $37.9 million in revenue, up 59% from $23.9 million in September 2018 and breaking the record $31.7 million set in March. September’s revenue injected $4.5 million into state coffers.

New Jersey reached a number of milestones in September, including:

  • $4.2 billion in lifetime handle
  • $284.8 million in lifetime sports betting revenue
  • $33.5 million in tax revenue collected

In addition, September’s handle bested New Jersey’s previous record of $385.3 million set in January. But as good as September was for New Jersey, its handle is still likely to be shy of Nevada’s, which generated $571 million in September 2018. If so, it will break a string of two consecutive months that New Jersey posted the country’s largest handle.

“Football betting is massive in Nevada, so it won’t be shocking if New Jersey doesn’t overtake the Silver State in September,” Gouker said. “But what September did show us it that football betting is still an overwhelmingly powerful force in New Jersey, and that will help it keep pace.”

$374.3 million in bets were made online in September, accounting for 84% of New Jersey’s handle. That is down from 85% in August.

FanDuel Sportsbook/PointsBet remains the online market leader, gaining $13.3 million in gross revenue, up from $9.3 million in August. Still driven primarily by DraftKings in September, Resorts license generated $10.7 million, up from $6.7 million in August. But Resorts, which after the launch of Fox Bet on Sept. 13, is now anchored by two of the most recognizable brand names in sports betting. The online market leaders were followed by:

  • Monmouth/William Hill/Sugarhouse ($2.4 million, up from $1.4 million in August)
  • Ocean Casino/William Hill ($1.3 million, up from $915,129)
  • BetMGM/Borgata ($721,801, up from $261,312)
  • Caesars Sportsbook/888sport ($486,668, up from $340,832)
  • Golden Nugget/BetAmerica ($336,740, up from $181,427)
  • Hard Rock/Bet365/Unibet ($178,255, up from $106,487)
  • Tropicana/William Hill ($29,783, down from $39,638)

Earlier this month, FanDuel owner Flutter Entertainment PLC agreed to buy Stars Group Inc., which operates Fox Bet as a joint venture with Fox Sports. Though the brands will likely remain separate, the merger will create a behemoth in online sports betting.

“The launch of Fox Bet adds another instantly recognizable brand name to New Jersey, and it could eventually challenge the DraftKings and FanDuel brands,” Gouker said. “In the end, though, the merger puts the company that owns both FanDuel and Fox Bet in position to be the big winner.”

FanDuel Sportsbook at The Meadowlands posted $3.6 million in September gross revenue, up from $2.6 million in August, to lead retail sportsbooks. FanDuel was followed in gross revenue by:

  • Ocean Casino ($1.8 million, up from $353,832 in August)
  • Monmouth Park ($996,844, up from $697,075)
  • Borgata ($756,416, up from $669,669)
  • Resorts AC ($340,117, down from $527,158)
  • Bally’s AC ($241,703, down from $278,169)
  • Hard Rock AC ($231,150, up from $182,995)
  • Tropicana Casino ($170,792, down from $284,335)
  • Golden Nugget ($150,698, down from $263,030)
  • Harrah’s AC ($118,102, down from $155,715)

Online casinos surpass $300 million in annual revenue for the first time

Another record month in September pushed New Jersey’s online casino and poker industry past the $300 million annual revenue mark for the first time. In September, online casino games and poker generated $41.14 million, up 59% from $25.8 million in September 2018, and edging the $41.1 million gained in August.

The industry has now generated $339 million through the first nine months of the year, easily outpacing the $298.7 million full-year record set in 2018.

With three months to go before the end of the year, online casino games and poker are on pace to surpass $450 million in annual revenue, which would be a 50% gain over 2018.

“The emergence of sports betting over the last year has lifted online casinos more than most would have guessed,” said Eric Ramsey, online gambling analyst for PlayNJ.com. “New Jersey online sportsbooks and online casinos have been aggressive in cross-marketing to sports bettors and casino gamblers, which has benefited the bottom line of both.”

Some other important online casino and poker data from the September report:

  • Online casinos generated $6.2 million in tax revenue in September and has now injected $237.3 million into government coffers since launch in November 2013.
  • The Golden Nugget generated $15.6 million in September, up from $15 million in August, to easily pace the market. Resorts Digital was second with $8.9 million, up from $7.5 million in August.
  • The industry generated $1.4 million per day during the 30 days of September, up from $858,415 per day in September 2018.
  • Online casino games generated $39.5 million in September, up from $39.4 million in August. Online poker hit $1.6 million, down from $1.7 million in August.

For more information and analysis on regulated sports betting and online gaming in New Jersey, visit PlayNJ.com/news.

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 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 — commercial, tribal, online, or otherwise.

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Gaming Americas Weekly Roundup – December 5-11

December 13, 2022

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Tipico has debuted its early registration offers for immediate redemption across the state of Ohio. Throughout the month of December, bettors will be able to choose one of three Ohio-only state-wide bonus offers with account registration on the Tipico mobile app (available on iOS and Android) or via Tipico.com/us.

North Dakota Governor Doug Burgum and chairpersons of the five tribal nations with whom North Dakota shares geography completed the signing of new tribal-state gaming compacts, which now go to the U.S. Department of the Interior for final approval.

CT Interactive launches more games and Mystery Jackpot in Colombia. The company was granted with a certificate for a new package of its exciting games and the innovative Hot Luck Jackpot.

BetMakers Technology, in partnership with Supreme Ventures Racing and Entertainment, launched fixed odds betting at Caymanas Park in Jamaica. Fixed odds betting at the Cayamans Park racetrack started at the inaugural running of the Mouttet Mile, meaning bettors could lock in their wagering prices as soon as their bets were placed.

New Jersey’s online casino PlayStar’s new loyalty programme is now live. Players who sign up to the rising-star gaming site will automatically become a member of the PlayStar Club. Players will earn points every time they play and move up the five loyalty levels to be rewarded with high-end gifts, exclusive promotions, local shopping and dining rewards and money can’t buy experiences.

Partnerships

PointsBet has announced the integration of IMG ARENA’s Golf Event Centre into its app, delivering an enhanced golf betting experience to users. IMG ARENA’S Golf Event Centre offers over 35,000 betting markets per tournament and allows sports fans to enjoy every shot, hole and player at a tournament.

WagerWire, an innovative marketplace for buying and selling active sports bets, and Wagr, an exciting venture-backed sports betting platform initially launched in Tennessee, announced their partnership. Both companies have a social-centric ethos and will collaborate on building community and providing a differentiated and engaging user experience.

PokerStars has become the new official sponsor of the Detroit Red Wings. This partnership will offer Red Wings fans and poker players a powerful combination of entertainment through leading poker experiences.

CT Interactive has increased its footprint in Latin America by signing a deal with the operator Slots Del Sol. An exclusive list of 60 games from the global iGaming provider’s rich portfolio and the Hot Luck Jackpot is now live on the operator’s website in Paraguay.

Appointments

The Tsuut’ina Nation has announced the appointment of Mr. Tyrone Waite as the Resort CEO for the Grey Eagle Resort & Casino. Located on the beautiful Tsuut’ina Nation (Treaty 7) at the foot of the Canadian Rockies, since opening in 2007 the Resort has become a renowned entertainment destination.

Diamond Sports Group announced that its Board of Managers has appointed David Preschlack as Diamond’s CEO. Mr. Preschlack has been a member of Diamond’s Board of Managers since May 2022 and most recently served as President of NBC Sports Regional Networks & Executive VP of Content Strategy for the NBC Sports Group.

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Gambling in the USA

Gaming Americas Weekly Roundup – November 28-December 4

December 5, 2022

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Novibet has entered the Mexican market. This is Novibet’s first move outside of Europe, and it is a key step in its strategic expansion plan as it seeks to enter new markets including Latin America and North America.

Greco has registered as a vendor in New Jersey, where it plans to start its US operations in enhancing risk management for online casinos and iGaming operators. Resorts Digital Gaming has already announced it has an agreement in place with Greco, which the New-Jersey-based arm of Resorts Casino and hotel hopes will “herald a wider shift in the local industry, worth $3.12 billion to the state economy”.

The ACMA has requested that Australian internet service providers (ISPs) block more illegal offshore gambling websites, after investigations found 9 services to be operating in breach of the Interactive Gambling Act 2001. The latest sites blocked include Winning Days, 21Bit Casino, Oshi Casino, Lucky Elf Casino, NeoSpin, Lets Lucky, Boho Casino, Ripper Casino and BC.Game.

Scientific Games has announced that it will provide the company’s latest WAVE point-of-sale technology across Atlantic Lottery’s retailer network of 3000 locations in the Canadian provinces of New Brunswick, Prince Edward Island, Nova Scotia and Newfoundland and Labrador.

PointsBet Holdings, the leader in live betting, announced the company has officially unveiled its market-leading mobile app and digital sports betting product in the state of Maryland.

The Mohawk Council of Kahnawà:ke has launched a constitutional challenge against iGaming Ontario and the Attorney General of Ontario over the provincial government’s unilateral changes to the way gaming is managed. It says the changes are illegal and unconstitutional and is contesting Ontario’s re-interpretation of Section 207 (1) of the Criminal Code, which permits provinces to regulate single-event sports betting.

Underdog Fantasy has been named “Fantasy Sports Site of the Year” by the 2022 edition of the American Gambling Awards. The American Gambling Awards are produced by Gambling.com Group Limited, a leading provider of player acquisition services for the regulated global online gambling industry.

Partnerships

Pragmatic Play has established an agreement with Peruvian operator Tinbet for three of its leading verticals. Tinbet’s customers will benefit from Pragmatic Play’s leading Slots, Live Casino and Virtual Sports content, featuring a vast collection of exclusive products that are proven to boost player engagement.

Sports.com has entered into an exclusive multi-year Partnership with Berlin-based Data Sports Group. The Partnership will allow Sports.com to provide world-class sports content to digital publishers. The Partnership will be the first solution marketed under the Sports.com brand.

Gift & Go has finalised a long-term extension to its partnership with a subsidiary of Light & Wonder to continue its growth and expand its revolutionary gifting technology software across U.S. markets. The three-year agreement will further enhance Light & Wonder’s position as a global leader in land-based casino ecosystems and cross-platform game experiences.

Fandifi Technology Corp has announced that the company is teaming up with Esports Awards to present day #1 of LVL Up Las Vegas. LVL Up Las Vegas is taking place December 11-13 coinciding with the 2022 Esports Awards.

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Pariplay® expands Ignite® program in North America by adding Reloaded Gaming content

December 1, 2022

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Exclusive deal provides Fusion ® aggregation platform with entertaining and wide-ranging slots offering

NeoGames S.A (Nasdaq: NGMS) subsidiary Pariplay® has signed an exclusive agreement to add Reloaded Gaming as its latest Ignite® partner, as the leading aggregator and content provider continues to build on its unique proposition in the North American market.

Reloaded Gaming’s varied games offering will be supplied exclusively in North America, through the new deal, via the aggregator´s Fusion® platform. From classic Vegas-style slots to modern, casual themes, the studio’s impressive catalogue will be rolled out to players worldwide, including all five U.S. states Pariplay® is currently licensed in.

The studio will also now be able to create games through Pariplay’s turnkey development framework and have a smooth enter in the U.S. market thanks to Pariplay´s compliance services and exclusivity deals for Ignite® Partners. In addition to enhancing speed-to-market, launches will be supported through a complete suite of engagement solutions.

Reloaded Gaming offers entertainment-driven, feature-rich games that have been developed with a mobile-first approach, with a diverse portfolio that is easy to integrate through well-defined APIs. Created by a group of innovative gaming professionals with over 20 years of experience within the online gaming industry, Reloaded Gaming’s talented team has a passion for developing highly attractive, top-tier slots.

The addition of Reloaded Gaming to the Ignite® program serves to significantly boost the developer’s reach, while also adding to Pariplay’s unique content offering. Pariplay recently gained approval to become a supplier in Connecticut, adding to licenses in Pennsylvania, Michigan, West Virginia and New Jersey. In addition, the company is live in Alberta and Ontario, Canada, and will soon be available in five other Canadian provinces.

Ignite® supports all coding languages and allows for games to be built more quickly and with substantially lower costs, empowering game developers to reach global markets.

Callum Harris, Director of Partnership at Pariplay®, said: “As our presence in the United States continues to expand at a rapid rate, we are always on the lookout for games studios that can add a unique element to Pariplay’s Ignite® program offering.

“Reloaded Gaming’s wide-ranging slots catalogue contains every element that a player could wish for, from land-based classics to more modern feature-rich titles that have been proven to be successful in markets worldwide. It is fantastic to have signed Reloaded as an Ignite® partner on an exclusive basis and we look forward to entertaining players right across the US as we continue to grow together.”

Robert Skogh, CEO at Reloaded Gaming, said: “The Ignite® program provides us with a great opportunity to get our games in front of players across the United States, through Pariplay®’s partnerships with a host of leading operators.

“We are excited to see how our dedicated approach in delivering entertaining mobile-first slots content resonates with players across regulated states. I am certain this unique deal will help to accelerate our growth significantly.”

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