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Gambling in the USA

New Jersey’s Sportsbooks Hit $800m While Online Casinos Surpass Milestone of Their Own, According to PlayNJ

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PlayIA.com: Iowa sportsbooks set per-day betting record during $144 million February

 

New Jersey’s online and retail sportsbooks enjoyed their first-ever $800 million month, putting the state on the path to the best year in terms of wagering of any legal jurisdiction, a shocking achievement in such an unusual year, according to PlayNJ analysts.

“The record-setting pace has now continued even as October’s sports schedule returned to something more resembling normal, which is a great sign for the industry’s near-term,” said Dustin Gouker, lead analyst at PlayNJ.com. “New Jersey is now clearly the standard-bearer among legal sports jurisdictions, and the state seems to only be widening the gap.”

New Jersey’s online and retail sportsbooks combined to break their own monthly all-jurisdiction record for the third consecutive month with $803.1 million in bets in October, according to official data released Friday. Those bets beat the record $748.6 million handle gained in September and are up 64.6% from $487.9 million in October 2019.

October’s bets yielded a record $58.5 million in gross operator revenue, up 26.1% from $46.4 million in October 2019 and breaking the previous record of $53.6 million set in January. Last month’s revenues injected $7.4 million into state coffers.

Despite months of retail sportsbook closures and sports stoppages, New Jersey sportsbooks have now generated $4.1 billion in bets so far this year. That puts New Jersey on pace to surpass Nevada’s all-jurisdiction record of $5.3 billion, set in 2019.

New Jersey’s embrace of online betting, which accounted for 92.6%, or $743.9 million, of October’s handle, is a chief reason. October’s online handle is up from $678.7 million in September and $417 million in October 2019.

“The pandemic has crystalized the difference between Nevada and New Jersey, where online betting is paramount,” said Eric Ramsey, analyst at PlayNJ.com. “New Jersey was almost certain to grow into the nation’s largest market. But with 90% of bets coming through online sportsbooks in New Jersey, it was simply better prepared for the events of 2020.”

Football generated $278.9 million in bets in October, baseball added $93.9 million, while basketball chipped in $28.5 million.

FanDuel Sportsbook/PointsBet topped online operators with $29.3 million in gross revenue, up from $25.1 million in September. Retail sportsbooks generated $59.2 million in bets, down from $69.8 million in September. Borgata led with $1 million in revenue.

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“October represented a return to normal, of sorts, with a football-driven schedule spurring interest and operators announcing fresh investments,” Gouker said. “October’s results suggest a new permanent trajectory for New Jersey, with no apparent signs of letting up.”

Online casino and poker

New Jersey’s online casinos and poker rooms reached the $90 million plateau for the first time, generating a record $93.5 million in October revenue. That is up 106.7% from $45.2 million in October 2019, yielding $14 million in state taxes.

The Golden Nugget’s October revenue again topped all online casinos with $28.6 million. But one of the bright spots this year has been the growth of other operators. Borgata grew its October revenue 184.6%, to $22.1 million, year over year. And Resorts Digital jumped 109.2%, to $21.6 million.

“Catching the Golden Nugget is a tall task, but operators such as Borgata and Resorts Digital have made important gains,” Ramsey said. “Operators have been forced to drive revenue through their online portals to supplement what has been lost in the retail market.”

SOURCE PlayNJ.com

Gambling in the USA

Kambi Group plc signs on-property sportsbook partnership with the Oneida Indian Nation’s Turning Stone Enterprises

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Oneida Indian Nation to offer Kambi’s premium Turnkey Sportsbook at three properties in Upstate New York

Kambi Group plc (“Kambi”), the home of premium sports betting solutions, has agreed a long-term partnership with the Oneida Indian Nation to provide its leading retail sportsbook solution to Turning Stone Enterprises’ three sportsbooks in Upstate New York.

Under the terms of the agreement, Oneida will replace its current third-party sports betting supplier with Kambi’s flexible Turnkey Sportsbook, which includes cutting-edge technology such as kiosks, point-of-sale terminals, Bring Your Own Device technology and an award-winning Bet Builder.

Turning Stone Enterprises is the parent organization for all business operations of the Oneida Indian Nation. The premier gaming destination in New York state, Turning Stone Enterprises’ portfolio of gaming venues includes – Turning Stone Resort Casino, YBR Casino & Sports Book and Point Place Casino.

Werner Becher, CEO of Kambi, said: “We are thrilled to announce our partnership with the Oneida Indian Nation, further strengthening our tribal partner network and expanding our footprint in one of the largest sports betting markets in the US. Oneida has a proven track record of offering best-in-class gaming experiences, and we look forward to working with them to ensure they have an unparalleled sportsbook offering for years to come.”

Ray Halbritter, Oneida Indian Nation Representative and Turning Stone Enterprises CEO, said: “Our collaboration with Kambi marks a major step forward for our sportsbooks. This new partnership will give our guests faster, more intuitive ways to place bets and add an all-new level of excitement to our sports betting experience.”

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Gambling in the USA

Offering a great value in Vegas, The Plaza Hotel & Casino extends its All-Inclusive Hotel Room Package through September

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Due to popular demand, the Plaza Hotel & Casino is extending its all-inclusive hotel room package starting at $125 per person per night.

The Plaza was the first Las Vegas property to introduce an all-inclusive hotel room package in the summer of 2024. It was so well received by guests that the iconic downtown Las Vegas property brought it back this summer, and now, it has extended it to the month of September.

“Everyone has seen viral videos of people complaining about costs in Las Vegas or read headlines that Vegas is dead, but nothing is further from the truth at the Plaza in downtown Las Vegas,” said Jonathan Jossel, CEO of the Plaza Hotel & Casino. “We continue to welcome guests to the Plaza thanks to the value we offer, and this summer, many of our guests have taken advantage of our all-inclusive hotel room package.”

Jossel added that guests also enjoy the Plaza’s free fireworks show every Friday in the summer, a variety of dining options, the most pickleball courts of any Las Vegas resort, and the best player-friendly odds in Las Vegas on the casino floor.

The Plaza’ all-inclusive hotel room package waives all resort fees, but guests will still have free access to the fitness center, self-parking, and rooftop pool. It also includes bottomless drinks from the Omaha Bar and Sports Book Bar on the casino floor as well as breakfast and dinner from various dining outlets. In addition, the free dining options have been expanded, and a 25% discount on drinks at the rooftop pool cocktail bar has been added to the all-inclusive hotel offer. Details on the amenities included in the Plaza’s all-inclusive hotel package can be found at https://www.plazahotelcasino.com/las-vegas-all-inclusive-room-package/.

The Plaza’s all-inclusive hotel room package is available for booking online for a stay now through Sept. 30.

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Gambling in the USA

Chris Barranco Joins Quick Custom Intelligence as Director of Business Development

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Quick Custom Intelligence (QCI), a leading provider of AI-driven analytics and enterprise solutions for the gaming and hospitality industry, today announced the addition of Chris Barranco as Director of Business Development.

Barranco brings 25 years of experience leading high-performing teams, driving revenue, and building durable client relationships. He is adept at solution-selling methodology and full sales-cycle management, with a proven track record of mentoring top-tier account executives, delivering high-impact presentations, and retaining key accounts. Known for a tenacious approach to new-business development and customer loyalty, Barranco will focus on expanding QCI’s market footprint, strengthening the partner ecosystem, and advancing go-to-market execution across QCI’s product portfolio.

“I’m excited to join the clear market leader and work with the exceptional team at QCI,” said Chris Barranco, Director of Business Development at QCI. “QCI’s commitment to turning data into action aligns perfectly with my approach to helping customers achieve measurable revenue impact. I look forward to working closely with our clients and partners to accelerate growth and deliver exceptional outcomes.”

“We’re delighted to welcome an industry veteran of Chris’s caliber to the QCI team,” said Andrew Cardno, CTO and Co-Founder of QCI. “His leadership, mastery of solution selling, and passion for customer success will further strengthen our ability to scale, deepen client relationships, and deliver the operational results our customers expect.”

As Director of Business Development, Barranco will lead initiatives to expand QCI’s presence across key markets, refine sales enablement programs, and collaborate with product and customer success teams to ensure a seamless path from discovery to measurable value realization.

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