Latest News
Offerwalls Drive Record Publisher Earnings on Android and iOS as Monetization Rates Bounce Back from the Ad Industry’s Policy Shift

New research by Tapjoy (www.tapjoy.com), a mobile advertising and app monetization company, shows rewarded ads have rebounded from the recent sweeping tech policy changes. While the removal of Cost Per Engagement (CPE) ads from iOS in 2019 and the introduction of App Tracking Transparency (ATT) in 2021 challenged mobile app publishers, Tapjoy’s innovations in rewarded advertising have fueled the resurgence of monetization performance on iOS and continued growth on Android. According to the latest analysis, compiled in Tapjoy’s Ultimate Offerwall Guide 2021, publishers that adopt these approaches are well-positioned for revenue growth during this new era.
Tapjoy surveyed thousands of users and analyzed billions of engagements to discover the tactics publishers need to navigate mobile monetization in 2021. Here are some of the key insights from the research:
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Offerwalls deliver returns for app publishers: Top eCPM rates in the US reach $1500 and average $400 across genres. Monetization rates per daily Offerwall user range from $0.07 to $0.33, with the US average sitting at $0.20.
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iOS monetization rates are recovering: The growth of shopping offers on the iOS Offerwall — a popular rewarded ad unit — has created a resurgence in monetization rates. Rates grew by 100% since the removal of CPE ads and have maintained over 50% of their gains despite ATT.
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Multi-Reward CPE ads are popular on Android: Ad spend for the new Multi-Reward CPE ad format increased by 420% YoY.
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Users have embraced the rewarded ads model: 70% of users surveyed indicated they enjoy rewarded ads. 47% shared that rewarded ads are their preferred way to get virtual currency.
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Rewarded ads are part of gameplay: 79% of users surveyed complete rewarded ads weekly, and 41% complete rewarded ads daily. 45% of users said they would stop playing a title if the Offerwall was removed.
Tapjoy’s guide breaks down the latest data on rewarded ad user preferences, investigates rewarded ad trends by platform and region, and reveals publisher ad benchmarks and best practices.
“Despite significant challenges, the rewarded ad model has proven remarkably robust,” said Benjamin Chen, EVP & GM, Global Developer Relations at Tapjoy. “On iOS, we’ve seen users respond strongly to the influx of shopping offers — a response that’s largely the product of exciting improvements to the Offerwall’s UI. Meanwhile Multi-Reward CPE has proven wildly successful in the Android ecosystem. Overall, mobile advertising has been resilient in the face of trying circumstances.”
The survey data in Ultimate Offerwall Guide 2021 was gathered from 3,977 respondents on the Tapjoy network in the first quarter of 2021. Platform data from the report is global and covers the second quarter of 2019 through the second quarter of 2021. Tapjoy analyzed billions of user engagements to calculate the mobile advertising benchmarks.
To download the complete guide, visit https://www.tapjoy.com/lp/ultimate-offerwall-guide-2021/.
Industry News
Gaming and Leisure Properties Inc. Names Carlo Santarelli Senior Vice President, Corporate Strategy and Investor Relations

Gaming and Leisure Properties Inc. announced that Carlo Santarelli has been appointed Senior Vice President, Corporate Strategy and Investor Relations, a new position at the Company. Mr. Santarelli will begin his new position on August 18, 2025 and will report to GLPI President and Chief Operating Officer, Brandon Moore.
Mr. Santarelli brings over 25 years of Wall Street experience in Equity Research and Investment Banking to his new role and joins the Company from Deutsche Bank where he was Managing Director of Gaming & Lodging Equity Research. Prior to Deutsche Bank, Mr. Santarelli held similar positions at Bear Stearns, JP Morgan and Wells Fargo. He consistently ranked highly in Institutional Investor and other sell-side analyst research polls as a thought leader in the space, providing unique perspectives on industry events and trends with his data-driven approach and stock picking talent. Carlo Santarelli graduated from the University of Pennsylvania with a B.A. in Economics in 2000.
Peter Carlino, Chairman and Chief Executive Officer of GLPI, said: “We’ve known and respected Carlo’s research work on the gaming, lodging and gaming REIT sectors for many years. Carlo brings to GLPI an in-depth knowledge of the industry and its participants, having experienced GLPI’s original formation of the gaming triple-net-REIT structure from a research analyst and capital markets perspective. We value his deep network of contacts among institutional investors, sell-side analysts and a wide range of gaming industry operators and we look forward to the value of his contributions.”
In his new role, Mr. Santarelli will work with Mr. Carlino and GLPI’s senior management to develop and evaluate growth opportunities and strategic relationships, and will oversee investor relations interactions.
Industry News
VIP Play Announces Departure of Chief Financial Officer

VIP Play, a technology-driven leader in interactive consumer engagement, announced that Jim Mackey, the Company’s Chief Financial Officer, will step down from his role, effective August 8, 2025.
The Company has initiated a transition process and is in the process of identifying a successor. Mackey will assist in an orderly transition over the coming weeks.
“We thank Jim for his contributions to the Company, particularly during a transformative period for our business. We remain focused on executing our strategic priorities, including financial visibility, operating efficiency, and delivering value to our stakeholders,” said Les Ottolenghi, CEO of VIP Play.
Latest News
BETBY LAUNCHES COMPREHENSIVE REPORT ON PERU’S REGULATED GAMBLING MARKET

BETBY, the premium supplier of cutting-edge sportsbook solutions, has published a detailed report titled “The Peruvian Breakthrough: A Market Ready for Takeoff”, offering a thorough analysis of the country’s newly regulated iGaming industry.
Following the implementation of Peru’s online gambling framework in 2024, this report explores the legislative transformation, market growth trends, and consumer behavior shaping one of Latin America’s most promising emerging markets.
The report covers several key aspects, including:
✅ Evolution of Peru’s gambling legislation and its impact on market structure and operator licensing;
✅ Market performance analysis, including land-based vs. online growth and mobile channel adoption;
✅ Economic indicators, such as GDP contribution, per capita GGR, and projected market size through 2030;
✅ Player profiles and betting behavior, with insights into frequency, motivations, and engagement across age and gender groups;
✅ Digital readiness, including mobile usage, internet speeds, and device preferences;
✅ Competitive landscape, with a breakdown of leading operators and changes in market share.
🔗 DOWNLOAD the report to discover strategic insights and unlock growth opportunities in Peru’s regulated gambling ecosystem.
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