Gambling in the USA
Nevada Casinos to Operate at 100% Capacity from June 1
Nevada Gov. Steve Sisolak has announced that the casinos in the state can operate at full capacity from June 1.
Nevada is one of the leading tourist destinations in the world and has dramatically suffered due to the coronavirus pandemic. At one point last year, the entire state was shut down for three months until mid-June. But even then capacity limits were in place and hotel casinos were begging to return to full capacity.
Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority, said the vaccines played a huge role.
âThe wide availability and rapid administration of vaccines will allow our valued events industry to reconvene with confidence and in its entirety. Las Vegas will continue providing the gold standard for health, wellness and safety precautions for the benefit of its workforce, the community and our visitors,â Hill said in a statement.
Caesars Entertainment also released a statement saying: âWe are grateful for Governor Sisolakâs continued, thoughtful leadership and are heartened by his goal to reopen Nevada at 100% capacity by June 1. We strongly encourage all Caesars Entertainment Team Members to get vaccinated and are continuing to provide free and convenient COVID-19 vaccines.â
Sisolak finally relented in the wake of decreasing COVID-19 cases combined with more than three months of successful vaccinations going on.
Nevada is currently at 50% capacity, although some of the resort corridors have featured shoulder-to-shoulder traffic on recent weekends.
âNevada, we are closer to the end than the beginning,â Sisolak said.
Sisolak also said the state would transition the social distancing mandate to individual counties beginning May 1 because âeach county in Nevada is unique and has different factors to consider: rural or urban settings, community transmission rates in the area, and vaccine administration, among a few. This is one of the best measures I can take as your governor to increase flexibility and remove roadblocks for local authorities as they take over authority of mitigation measures.â
Sisolak said the introduction of the vaccines âchanged the game,â and led to his decision after months of being conservative and erring on the side of caution.
The three Detroit casinos reported $123.86 million in monthly aggregate revenue (AGR) for the month of March 2024, of which $122.26 million was generated from table games and slots, and $1.6 million from retail sports betting.
The March market shares were:
- MGM, 46%
- MotorCity, 31%
- Hollywood Casino at Greektown, 23%
Monthly Table Games, Slot Revenue, and Taxes
March 2024 table games and slot revenue increased 3.8% when compared to March 2023 revenue. Marchâs monthly revenue was 16.7% higher than February 2024. From Jan. 1 through March 31, the Detroit casinosâ table games and slots revenue decreased by 1.6% compared to the same period last year.
The casinosâ monthly gaming revenue results were mixed compared to March 2023:
- MGM, up 4.1% to $56.65 million
- MotorCity, up 7.2% to $38.35 million
- Hollywood Casino at Greektown, down 1.4% to $27.26 million
In March 2024, the three Detroit casinos paid $9.9 million in gaming taxes to the State of Michigan. They paid $9.5 million for the same month last year. The casinos also reported submitting $14.5 million in wagering taxes and development agreement payments to the City of Detroit in March.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $17.25 million in total retail sports betting handle, and total gross receipts were $1.61 million for the month of March. Retail sports betting qualified adjusted gross receipts (QAGR) in March were up by 13.2% when compared to the same month last year. Compared to February 2024, March QAGR was up by $1.7 million.
March QAGR by casino was:
- MGM: $327,857
- MotorCity: $538,988
- Hollywood Casino at Greektown: $731,389
During March, the casinos paid $60,413 in gaming taxes to the state and reported submitting $73,838 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Fantasy Contests
For February 2024, fantasy contest operators reported total adjusted revenues of $405,342 and paid taxes of $34,049.
Gambling in the USA
IGT Wheel of Fortune and Powerbucks Slots Award Monumental Million-Dollar-Plus Jackpots in March
International Game Technology PLC (IGT) announced that its Wheel of Fortune and Powerbucks slots awarded four life-changing jackpots totaling more than $5 million in March.
Lucky slots players won the following million-dollar-plus jackpots last month:
- On March 8, a Wheel of Fortune slots player won $1,254,996 playing Wheel of Fortune Triple Gold Gold Spin at Beau Rivage Resort & Casino in Biloxi, Miss.
- On March 12, a Wheel of Fortune slots player won $1,635,694 playing Wheel of Fortune Triple Gold Gold Spin Megatower at The Venetian Resort Las Vegas in Nevada.
- On March 22, a Powerbucks slots player won CA$1,485,994 playing Wheel of Fortune Lucky Coins On Stage at Chances Casino Kelowna in British Columbia, Canada.
- On March 30, a Wheel of Fortune slots player won $1,172,262 playing Wheel of Fortune Gold Spin Triple Red Hot 7s at the California Hotel & Casino in Las Vegas, Nev.
IGT Powerbucks slots have paid 56 jackpots of $1 million or more since their Canadian debut in 2016. Wheel of Fortune slots have minted over 1100 millionaires and awarded over $3.5 billion in jackpots since their launch in 1996.
Gambling in the USA
Playân GO Announces Expansion of Rush Street Interactive Partnership with Pennsylvania Launch on BetRivers PlatformÂ
Swedish gaming giantsâ games now live with leading operator Rush Street Interactive Incorporated in Michigan, West Virginia, New Jersey and âThe Keystone Stateâ
Playân GO, the worldâs leading casino entertainment provider, has today announced further expansion of its partnership with leading United States operator Rush Street Interactive Incorporated (NYSE: RSI) (RSI), which operates the BetRivers platform. The Swedish gaming giantâs content is now available with BetRivers in Pennsylvania.
Playân GO has already had great success with RSI via the BetRivers brand in Michigan, New Jersey and West Virginia and this expansion sees the partnership extend to a fourth United States state. This announcement follows Playân GOâs procurement of a Pennsylvania license in March and will see BetRivers players in Pennsylvania gain access to some classic titles from the Playân GO catalogue including Reactoonz and Boat Bonanza.
Playân GO is now licensed in six United States states and is aiming to be active in every regulated market in the United States and around the world.
âWeâre excited to expand our United States offering into the great state of Pennsylvania and are proud to do so with the innovative and well-respected team at BetRivers, with whom weâve already enjoyed such great success in recent months,â the North America Commercial Director for Playân GO, Magnus Natt och Dag, said. âPlayân GO is committed to a safe, sustainable entertainment-led industry and we know that the team at BetRivers shares that same vision.â
âWeâre very happy to be expanding our partnership with Playân Go into Pennsylvania on our BetRivers platform,â the Chief Executive Officer for RSI, Richard Schwartz, said. âPlayân Go has an impressive portfolio of popular titles and we are thrilled to offer our BetRivers PA players its innovative and top-quality games.â
To find out more about working with Playân GO in the United States and other regulated markets, please visit PlaynGO. com.
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