Gambling in the USA

Fanatics Sportsbook and Cleveland Guardians Open Retail Sportsbook at Progressive Field

Published

1 year ago

August 21, 2023

Fanatics Betting and Gaming, the online and retail sports betting subsidiary of Fanatics Holdings Incorporated, a global digital sports platform, opened a retail sportsbook location in partnership with the Cleveland Guardians today at Progressive Field.

“We’re very excited to partner with Fanatics Betting and Gaming to bring a retail sportsbook location, its first in Major League Baseball, outside Progressive Field in downtown Cleveland,” the Vice-President of Corporate and Premium Partnerships for the Cleveland Guardians, Ted Baugh, said. “This will provide our fans a very convenient in-person option to place bets.”

Paul Shuey, former Cleveland Guardian pitcher, placed the ceremonial first bet at the brand-new Fanatics Sportsbook at Progressive Field. Shuey, a University of North Carolina graduate and Cleveland’s first round pick in 1992 (2nd overall), placed a $20 moneyline bet (-135) on the University of North Carolina (football) to win its home opener against University of South Carolina on Sept 2, 2023.

“This is Fanatics Betting and Gaming’s first retail sportsbook at a Major League Ballpark,” the Chief Business Officer for Fanatics Betting and Gaming, Ari Borod, said. “We designed this location to complement our online sports betting app and usher in a brand-new sports betting experience with the most rewarding online sportsbook in Ohio, allowing customers to earn up to 5% back in FanCash on every bet.”

Stake - Best Online Casino & Sports Betting Platform

The Fanatics Sportsbook app is available for download on iOS and Android for sports fans living and visiting the state of Ohio. The Fanatics Sportsbook makes being a fan easy with fast sign-up, easy betting, transparent withdrawals, an industry-leading search functionality and a curated Discover page with the sports and bets that matter most to a customer.

The Fanatics Sportsbook at Progressive Field is located outside the Right Field District Gate at the corner of Larry Doby Way and East 9th Street. The newly-designed sportsbook is nearly 600 square feet and features two betting windows, four self-service betting kiosks and seven television monitors. The Fanatics Sportsbook at Progressive Field will offer legal betting markets for all major sports including professional and college football, basketball, hockey and baseball alongside tennis, soccer, golf, MMA and boxing. The development and trading of sports betting markets will be done in-house at Fanatics Betting and Gaming and supported by a number of world-class trading suppliers. Fans seeking to place an in-person bet will not require a Guardians game ticket to access the sportsbook.

Fanatics Betting and Gaming and the Cleveland Guardians believe that responsible gaming is a core tenet and a part of each company’s DNA. On-site staff at the Fanatics Sportsbook at Progressive Field have received responsible wagering training and can offer support services to customers when needed.

The Fanatics Sportsbook at Progressive Field will be open weekdays from 2pm to 8pm and weekends from 11am to 9pm. On game days, the Fanatics Sportsbook at Progressive Field will be open two hours prior to first pitch and stay open through the conclusion of the game.

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Gambling in the USA

Andrew Cardno to Deliver Keynote at November Gaming Conference in Phoenix: “How are Technology Advancements Impacting Decision Making and Driving Innovation in Gaming?”

Published

14 mins ago

October 23, 2024

Peter Tolan

The gaming industry continues to evolve with the rapid integration of advanced technologies, offering new pathways for innovation and decision-making. Andrew Cardno, Chief Technology Officer of Quick Custom Intelligence (QCI), will deliver a keynote address titled “How are Technology Advancements Impacting Decision Making and Driving Innovation in Gaming?” at this year’s premier gaming conference, taking place on November 12th and 13th in Phoenix, Arizona.

Cardno, a leading expert with over two decades of experience in gaming and technology, will explore how advancements such as artificial intelligence, machine learning, and data-driven solutions are reshaping decision-making processes within the gaming industry. His address will provide actionable insights for professionals seeking to stay ahead in this fast-paced environment.

“Technology is no longer just an enabler; it’s the driving force behind innovation in gaming,” said Andrew Cardno. “At this year’s conference, I will delve into how these advancements can empower industry leaders to make better, faster decisions and capitalize on new opportunities for growth.”

Mark Pace, President of the International Gaming Standards Association (IGSA), praised Cardno’s expertise: “Andrew Cardno has a deep understanding of how technology is transforming the gaming industry. His ability to translate complex innovations into practical, strategic insights makes him the ideal keynote speaker. His work continues to inspire and guide decision-makers across the gaming world.”

The conference, held in Phoenix on November 12th and 13th, promises to be a hub of cutting-edge discussions and networking opportunities, bringing together top leaders to explore the future of gaming.

Gambling in the USA

New Jersey Division of Gaming Enforcement Announces September 2024 Total Gaming Revenue Results

Published

1 day ago

October 22, 2024

Niji Narayan

New Jersey Division of Gaming Enforcement announced the September 2024 total gaming revenue results.

Casino Win:

Based upon filings with the Division of Gaming Enforcement, Casino Win for the nine casino hotel properties was $230.6 million for September 2024, reflecting a decrease of 6.5% when compared to $246.5 million reported in September 2023. Year-to-date Casino Win for the nine casino hotel properties was $2.15 billion, which is a decrease of 0.9% compared to the year-to-date Casino Win for September 2023.

Internet Gaming Win:

For the month of September 2024, Internet Gaming Win reported by casinos and their partners was $208.1 million, reflecting growth of 27.1% when compared to $163.8 million reported in September 2023. For the year-to-date period, Internet Gaming Win reported by casinos and their partners was $1.73 billion, reflecting growth of 23.2% when compared to $1.41 billion for the prior year-to-date period.

Sports Wagering Gross Revenue:

Sports Wagering Gross Revenue reported by casinos, racetracks, and their partners was $119.6 million for September 2024, reflecting a 7.6% increase when compared to $111.1 million reported in September 2023. Sports Wagering Gross Revenue reported by casinos, racetracks, and their partners was $835.4 million for the year-to-date period, reflecting a 17.8% increase when compared to $709.0 million reported in the prior year-to-date period.

Total Gaming Revenue:

Total Gaming Revenue reported by casinos, racetracks, and their partners was $558.3 million for September 2024, reflecting a 7.1% increase from $521.5 million reported in September 2023. For year-todate, Total Gaming Revenue reported by casinos, racetracks, and their partners was $4.72 billion, reflecting a 10.1% increase from $4.29 billion reported in the prior year-to-date period.

Gambling in the USA

Detroit Casinos Report $101.98M in September Revenue

Published

2 weeks ago

October 11, 2024

Niji Narayan

The three Detroit casinos reported $101.98 million in monthly aggregate revenue (AGR) for the month of September 2024, of which $101.23 million was generated from table games and slots, and $755,519 from retail sports betting.

The September market shares were:

• MGM, 47%

• MotorCity, 31%

• Hollywood Casino at Greektown, 22%

Monthly Table Games, Slot Revenue, and Taxes

The casinos’ revenue for table games and slots for the month of September 2024 increased 1.2% when compared to the same month last year. September’s monthly revenue was 8.6% lower when compared to the previous month, August 2024. From Jan. 1 through Sept. 30, the Detroit casinos’ table games and slots revenue increased by 1.0% compared to the same period last year.

The casinos’ monthly gaming revenue results were mixed compared to September 2023:

• MGM, up 6.6% to $47.68 million

• MotorCity, up 0.5% to $31.17 million

• Hollywood Casino at Greektown, down 7.8% to $22.38 million

In September 2024, the three Detroit casinos paid $8.2 million in gaming taxes to the State of Michigan. They paid $8.1 million for the same month last year. The casinos also reported submitting $12.5 million in wagering taxes and development agreement payments to the City of Detroit in September.

Monthly Retail Sports Betting Revenue and Taxes

The three Detroit casinos reported $22.02 million in total retail sports betting handle, and total gross receipts were $771,751 for the month of September. Retail sports betting qualified adjusted gross receipts (QAGR) were down by 52.0% in September when compared to September 2023, and down by 55.4% when compared to August 2024.

September QAGR by casino was:

• MGM: $601,794

• MotorCity: $11,817

• Hollywood Casino at Greektown: $141,908

During September, the casinos paid $28,559 in gaming taxes to the state and reported submitting $34,905 in wagering taxes to the City of Detroit based on their retail sports betting revenue.

Fantasy Contests

For August 2024, fantasy contest operators reported total adjusted revenues of $613,448 and paid taxes of $51,530.