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Super Bowl 2023 Commentary – Zak Cutler, President of Global Gaming, Paysafe

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Super Bowl 2023 Commentary – Zak Cutler, President of Global Gaming, Paysafe

 

Super Bowl LVII – pitting the Kansas City Chiefs against the Philadelphia Eagles at Glendale’s State Farm Stadium in Arizona – will make U.S. online sports-betting history, as the first time America’s biggest sporting event plays out in a state where iGaming is regulated. Smart phones are now the go-to device for U.S. online sports bettors, with 54% of American players wagering with either an iPhone or Android phone, according to our Q4 2022 research. We can expect to see both Chiefs and Eagles fans in the State Farm Stadium placing bets live on their phones before the game and as it’s played.

“And beyond the stadium itself, betting volumes will almost certainly surge. American online sports bettors tend to wager more than other global players, with the average U.S. player wagering $97 compared to $59.1 in the mature U.K. iGaming market and $47.3 in the Canadian province of Ontario, according to our recent research. But we can expect U.S. players’ bets to increase even more for the Super Bowl, with our recent research indicating that players’ wager sizes rise around major sporting events – and there is no event bigger than the Super Bowl.

“Connected to this, Super Bowl LVII will almost certainly attract more high-stakes, VIP sports bettors than an NFL regular season game. You’ll see sportsbooks tailoring their payment stacks and cashiers to serve this player segment, with the need to offer payment methods supporting higher deposit limits like our Skrill digital wallet. In addition, a digital wallet tends to be the go-to alternative payment method (APM) for all players, but it’s a VIP’s favorite payment method among all other solutions, according to our Q4 research. In short, we expect a surge in demand for our Skrill solution as we count-down to Sunday and on the day itself.

“And in terms of the bigger picture, we’ll likely see payment volumes break new records for Super Bowl LVII. We saw volumes pretty much double between 2021 and last year’s Super Bowl, and expect similar or even great growth this year, with the regulated North America iGaming market having expanded over the last 12 months to include Ohio, Maryland, Kansas, and Arkansas, as well as Ontario, Canada’s most populated province.” – Zak Cutler, President of Global Gaming, Paysafe.

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Compliance Updates

IGSA Welcomes Sharp Vision as Silver Member

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The International Gaming Standards Association (IGSA) has welcomed Sharp Vision as a new Silver member. Sharp Vision is a leading provider of regulatory turnkey solutions for gaming authorities.

“We are delighted to be a part of IGSA and we look forward to contributing to the advancement of best practices among regulators in the fast-growing gaming industry,” Damien Raymond, COO of Sharp Vision, said.

“IGSA is very excited to welcome Sharp Vision to our membership. We believe that IGSA Standards can enhance Sharp Vision’s products supporting regulatory authority oversight. We look forward to their participation in IGSA committees,” Mark Pace, President of IGSA, said.

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BigCash Goes Global with Launch in Brazil

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BigCash, India’s leading online skill-based real money gaming company, has set its sights on global expansion and aims to offer an unparalleled gaming experience to users worldwide. The global skill-based gaming market is estimated to grow annually at a CAGR of 13.50% and will be valued at USD 106.78 billion, by 2032. Building on its success in India, BigCash is poised to introduce its entertaining games to global audiences, uniquely blending local flavors with its hallmark innovative gameplay.

BigCash started its journey in 2017 and has quickly become players’ preferred choice, by strategically focusing on launching new games and features regularly and due to its superfast and user-friendly interface. Being a multi-gaming app, it offers a wide range of games tailored for all age groups. With popular Indian card games, like poker, rummy, and call break with regional variations; casual games like ludo, ice blaster, fruit chop, along with fantasy cricket, the platform resonates deeply with the players of Bharat.

Continuing on the mission to take Indian technology global and to reach a wider global gaming audience, BigCash, after months of an in-depth market study, had set its views on expanding its global presence with in-house developed and tailored gaming technology and experience. BigCash presently operates in Brazil, besides India.

One of the key reasons behind BigCash’s entry into the Latin American market is the region’s immense potential for growth in the gaming sector. Brazil, in particular, has emerged as a hotspot for gaming companies due to its large population, favorable demographics, and a growing middle class with disposable income.

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BigCash’s global expansion plans include multiple launches in Latin America, Asia, and Africa over the next 12 months. BigCash plans to offer local and international flavors, customized specifically for each country, with a focus on Responsible Gaming and other trust measures, to ensure a deeper bonding with the players.

Ankur Singh, CEO of BigCash, said: “Going global has been part of our strategic planning always; with our launch in Brazil, we have just taken the first step. We are aspiring to be present in 8 countries in the next 12 months. The competitive landscape in Latin America’s gaming industry presents both opportunities and challenges. BigCash is a perfect fit for the Latin American gaming landscape due to our stronghold on tech, which allows product customizations, easy-to-play online games, a supersafe and fast experience; we are already gaining a lot of organic traction.”

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Michigan Lottery Transitions to 1-800-GAMBLER for Responsible Gaming Support

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The Michigan Lottery announced that it will transition to the National Problem Gambling Helpline, 1-800-GAMBLER for responsible gaming support. This aligns the agency with the Michigan Gaming Control Board and other online gaming platforms operating in Michigan in promoting 1-800-GAMBLER. The 1-800-GAMBLER helpline will replace the Michigan Problem Gambling Helpline currently in circulation (1-800-270-7117), although the previous number will remain in operation.

“The Lottery is committed to providing Michiganders with easy access to resources that support responsible gaming. By transitioning to 1-800-GAMBLER, we are able to ensure that Michigan residents can reach specially trained staff who can provide confidential professional support, local referrals, and resources to those who may have a gambling problem,” said Lottery Commissioner Suzanna Shkreli.

Operated by the National Council on Problem Gambling (NCPG), 1-800-GAMBLER is the world’s largest problem gambling helpline network by call volume, population served, and geographic area covered. The helpline connects people and families impacted by problem gambling with professional support, local referrals, and resources.

Calls made to 1-800-GAMBLER from Michigan will be routed to the Michigan Department of Health and Human Services. The helpline can also be reached by texting 800GAM or chatting online at 1800gamblerchat.org. Trained contact center staff are available 24/7, 365 days a year to provide support, guidance, and relevant information to anyone seeking help related to problem gambling. Additionally, players or their family members may connect to support resources such as live chat, text, and the helpline number by selecting the links in the footer of the Lottery’s website.

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The Michigan Lottery was the first lottery in the US to achieve the Internet Responsible Gambling Compliance Assessment Program certification through NCPG in October 2015. The NCPG evaluated the Lottery’s compliance with Internet Responsible Gaming (IRG) standards developed based on best practices from jurisdictions around the world. IRG standards are the highest standards for online responsible gaming in the nation.

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