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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.

“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

New Trade Association Launches Unprecedented Effort to Strengthen Responsible Online Gaming, Promote Best Practices

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New Trade Association Launches Unprecedented Effort to Strengthen Responsible Online Gaming, Promote Best Practices

 

The Responsible Online Gaming Association (ROGA), an independent trade association launched by seven of the largest U.S. legal mobile gaming companies, will actively promote a new industry-wide best practices charter, overseen by one of the world’s foremost experts in the field of responsible gaming (RG).

This unprecedented effort will be led by Dr. Jennifer Shatley, a deeply respected responsible gaming executive with more than 25 years of experience in the industry. She will serve as ROGA’s full-time Executive Director, and her role will be to facilitate widespread education to all relevant parties on the subject of responsible gaming.

ROGA will embark on a series of initiatives under Dr. Shatley’s direction. These include research, consumer and industry responsible gaming education and awareness, promoting responsible gaming best practices, an independent data clearinghouse, and an independent certification program.

Demonstrating their commitment to this endeavor, initial member companies – who together represent more than 85% of the legalized online sports betting and iGaming industry – have pledged more than $20 million in support of ROGA’s mission in year one. ROGA’s member companies include BetMGM, bet365, DraftKings, Fanatics Betting and Gaming, FanDuel, Hard Rock Digital, and PENN Entertainment.

“I am humbled, honored, and excited to be selected to lead ROGA during this important period of growth in legalized mobile gaming. Many of America’s largest legal mobile gaming operators will be establishing a framework that helps to aid in responsible gaming education and awareness. Together, our members will work alongside researchers, experts, regulators and stakeholders to promote responsible online gaming and maximize our efforts to support additional responsible gaming education and awareness. By coming together with a clear set of objectives, ROGA and our members will work to enhance consumer protections and help provide easier and more efficient access to responsible gaming tools for consumers to enjoy the entertainment of online gaming,” said Dr. Shatley.

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Compliance Updates

Play’n GO awarded Pennsylvania license 

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Play’n GO awarded Pennsylvania license 

 

Play’n GO has continued on its upward trajectory in North America by landing its latest US iGaming licenses and will soon supply its award-winning content portfolio to operators and players in Pennsylvania and Delaware

These licenses are the fifth and sixth obtained by the Swedish gaming giants in the USA, following New Jersey, Michigan, West Virginia, and Connecticut.

Play’n GO have taken a dual-pronged approach to its strategy in North America, with these US licenses being complimented by the company’s success north of the border in Canada, where Play’n GO was one of the first suppliers to be licensed to supply slot games in the province of Ontario.

Although early in its American journey, Play’n GO games such as Piggy Blitz, make regular appearances in the top 15 most popular titles in all of North America*.

Magnus Olsson, Chief Commercial Officer for Play’n GO, said: “Play’n GO content is the most conducive to player retention across the industry. With player acquisition costs sky high in the US, we’re pleased to be able to offer operators in Pennsylvania access to our content which will keep players coming back for more.

“We are determined to be the number one casino gaming supplier in every regulated market in the world, and given that we are thriving in more than 25 jurisdictions around the world where we have a license, we fully expect a similar success story in Pennsylvania in the coming years.”

Play’n GO is set to release more than 50 online slot titles in 2024 and is active in more than 25 regulated jurisdictions worldwide, including Ontario, New Jersey, Michigan and West Virginia in North America.

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Gambling in the USA

Lightning Box concocts scientific experiment with new release Experi-MENTAL

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 Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with its subsidiaries, “Light & Wonder” or “L&W”) announced the launch of its new game, Experi-MENTAL, stacked with features, modifiers and a clash with the mad scientist.

Experi-MENTAL has two in-game features to enhance the overall player experience.

This 3×5 title, exhibits the distinctive Expanding Wild Feature, which can award huge prizes for players should the Wild Brain symbol expand and replicate by five times during the Free Games round.

When players enter the mad scientist’s lab, they will stumble across the Upgrading Feature, which zaps the 9, 10, J, Q, K or A symbols into high-paying icons, including Test Tubes, Power Switch, Cat, Pug or Man. The wins are then accumulated and paid out once the reels have stopped spinning.

The Barrel Pick Feature can radio-activate the feature by awarding an extra 15 Free Games, as players are presented with highly dangerous barrels with an unknown material.

A meter appears when players select a barrel, with a red area and a green area in view. Landing on the meter’s green area ensures the Free Games round is triggered and additional games are awarded but landing in the red zone activates only the round itself.

The classic Free Games mode is unlocked when Scatter symbols appear, with five Scatters granting the maximum of 10 Free Games and the Barrel Pick Feature. During the round, Free Games can be retriggered at any time.

Experi-MENTAL is set to go live with Caesars in New Jersey, Michigan and Ontario initially, and will be available at a later date to customers of Light & Wonder’s industry-leading OPENGAMING™ platform.

 Michael Maokhamphiou, Studio Director at Lightning Box, said: “Experi-MENTAL is one Wacky slot game, and we believe it can propel our slots onto the next level.

 “During this game, players can unlock some new features, which add a dramatic element to this slot and classic round that are a cornerstone of Lightning Box’s portfolio. We are in no doubt will love taking on the mad scientist in this epic title.”

 Rob Procter, VP of Game Development at Light & Wonder, said: “2024 is going to be a big year for Lightning Box and the launch of Experi-MENTAL gives players the opportunity to showcase this thrilling game.

 “With a variety of different features exhibited on this captivating title, it sets Lightning Box apart from its competitors, ensuring the player experience is unrivalled.”

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GamingAmericas.com (part of HIPTHER) is your one-stop portal for the latest news, insights, and analyses in the gaming industry across the Americas. From legislative updates and market trends to interviews with industry leaders, we provide a comprehensive look at the dynamic landscape of both online and land-based gaming. Whether you're a stakeholder looking to stay ahead of the curve or a gaming enthusiast eager for reliable updates, GamingAmericas.com has got you covered. Follow us on social media and subscribe to our newsletter for real-time updates and exclusive content. Make informed decisions and stay ahead in the game with GamingAmericas.com.

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