Press Releases
New York will be largest gaming market in US despite 51% tax predicts BonusFinder.com
Bonus Index finds combination of 20m population, competitive market, high bonuses and sizeable player volumes will offset tough tax regime to benefit industry and consumers
New York will become the US sports betting market’s most lucrative and consumer friendly state despite one of the highest tax rates on nine newly licensed operators, according to BonusFinder.com‘s new Bonus Index.
The new Bonus Index, launched just 24 hours after New York’s regulator announced its winning licensees, measures a wide variety of factors across all current and future regulated sports betting states. This includes population, number of licences and licensees, betting volume and average bonus offerings across all licensed brands to calculate an overall Free Bet index score.
New York will become the number one state for US sports betting due to its 20 million population, competitive market with nine licensees, sizable player volumes and predicted high bonus offers.
This formula for success is expected to offset some of its 51% operator tax to create a booming market both for brands and consumers with strong competition between operators. This will result in higher bonus offers for players including a predicted average welcome offer of $1,500 with a low of $550 and a high of $5,000 according to Bonusfinder.com calculations.
Fintan Costello, Managing Director, BonusFinder.com, said: “The Bonus Index is able to accurately plot and track how successful every North American state sports betting and casino market is month on month and has uncovered some fascinating data.
“New York is one of the US sports betting market’s crown jewels and its launch is a moment in time the industry has been waiting for, a large state with millions of passionate sports fans and bettors. Even allowing for the high tax rate the convenience for consumers and the number of licenses issued means operators will be competing hard for customer accounts. This means they will be presented with some of the country’s most competitive bonuses.
“Looking ahead we have high hopes for North Carolina and Maryland who are considering a large number of licenses which will create a competitive market and overtake states such as Michigan and Arizona, but while New York is exciting, our Index shows that Ontario Canada will blow it out of the water.
“It may have six million fewer people but its large number of licences across both sportsbook and casino will see it become North America’s largest gaming and betting market.”
21VIRAL has confirmed the integration of Bitblox’s unique crypto-price-based games into its platform. This distribution deal allows 21VIRAL access to popular games such as “3 in a Row,” “Up or Down?” and “Up or Down? Turbo.”
In these prediction games, players can guess whether the price of Bitcoin will rise or fall. The timing is particularly favourable, as the recent bull run in cryptocurrencies and heightened mainstream awareness following the US presidential election have contributed to their popularity.
Christoph Härtel, CEO of 21VIRAL, stated, “We are excited to onboard Bitblox Games to our GameConnector platform. These unique games, based on the crypto market, are highly entertaining and engaging, providing our operator partners with an innovative way to attract and retain players across Latin America.”
Brandt Page, CEO of Bitblox Games, added, “Working with the 21VIRAL team has been a pleasure, from our initial discussions to the contract exchange. The fast integration took less than four weeks, which is a significant advantage for any game studio like ours. Speed to market is crucial for optimal distribution of our crypto-prediction games.”
“The recent developments in the US have led to a surge in the crypto market, increasing the demand for our games within the iGaming ecosystem. As awareness of cryptocurrencies continues to grow in mainstream media, we look forward to collaborating with 21VIRAL and expanding our distribution in the Latin American market”.
Bettors in Arizona wagered approximately $732 million on sports in September of 2024, according to a new report by the Arizona Department of Gaming. This represents an approximate 20% increase when compared to September of 2023.
The state collected approximately $3.96 million in privilege fees in the month. You can view the full September report on the ADG website: LINK.
Play’n GO content now live with Boyd Interactive-owned brand Stardust in New Jersey and Pennsylvania
Play’n GO, the world’s leading casino entertainment provider, has today announced a new US operator partnership with leading brand Stardust Casino.
Stardust Casino, owned by Boyd Interactive, will now host Play’n GO content in New Jersey and Pennsylvania, meaning Stardust Casino players in these states will now have access to classic Play’n GO titles such as Piggy Blitz, Fire Joker, and Colt Lightning.
Play’n GO entered New Jersey in September 2022, and entered Pennsylvania earlier this year, making a total of five states where it is licensed as a games provider.
Magnus Olsson, Chief Commercial Officer at Play’n GO, commented, “It’s great to join forces with Stardust Casino in New Jersey and Pennsylvania, two of our most important markets globally, not just in the US. The Stardust Casino brand goes back decades in the gaming landscape of the United States, and the introduction of our games to their platform is an exciting prospect for both businesses.
“Play’n GO is the world’s leading casino entertainment provider. We set the industry standard for game content and innovation. This partnership is another significant milestone on our journey in the US, and our focus now turns to unlocking the full potential of this partnership for both Play’n GO and Stardust Casino.”
Alexander Angelo, CRM Director, Stardust Casino, added “We’re equally enthusiastic to welcome Play’n GO to the Stardust Casino family, and we’re excited to introduce our players in Pennsylvania and New Jersey to some classic Play’n GO games. We’re determined to offer our players the best online casino gaming experience possible, so adding Play’n GO’s games to our portfolio of over 200 online games was a no-brainer. We’re looking forward to many years of success together.”
-
Financial reports4 days agoCommercial Gaming Revenue Growth Continues in Q3 2024, Driving Industry’s 15th Consecutive Quarter of Growth
-
Latest News6 days agoFull House Resorts Announces New Leadership for Rising Star Casino Resort
-
Latest News7 days agoArizona Department of Gaming Investigation into Illegal Gambling Leads to Record-Breaking Firearms Seizure
-
Latest News4 days agoBGaming pens Brazilian multi-brand agreement with Cometa Gaming
-
Compliance Updates7 days agoChris Christie bets on Texas to approve OSB in 2025
-
eSports7 days agoInfluencers, Content and eSports: Unleashing the Power of Dynamic Strategies in the eSports Ecosystem
-
Latest News4 days agoBlack Oak Casino Resort Chooses QCI Chatalytics™ to Enhance Casino Operations with Integrated AI Solutions
-
Compliance Updates5 days agoGLI Becomes First Laboratory to be Accredited in Maranhão, Brazil