Press Releases
Pennsylvania Sportsbooks Hit Record $365 Million In Bets, Putting Nevada In Sight, According to PlayPennsylvania
Pennsylvania sportsbooks enjoyed their best month since the state launched the legal sports industry in November 2018 as the return of major sports helped unleash a wave of pent-up demand. Pennsylvania’s record $365 million handle could make it the No. 2 legal sports betting market in the country, according to PlayPennsylvania.
“In what has been a difficult year, August’s packed schedule of major sports helped Pennsylvania sportsbooks make up some of what was lost from pandemic-related shutdowns,” said Dustin Gouker, lead analyst for PlayPennsylvania.com. “It is remarkable to think that Pennsylvania could surpass Nevada, the nation’s most mature sports-betting market. The state’s online products have helped bridge a gap that at one point looked nearly insurmountable.”
Retail and online sportsbooks generated $364.99 million in wagers in August, up 121.5% from $164.8 million in July and up 234.7% from $109 million in August 2019, according to official data released Wednesday.
The growth in revenue was impressive, too. August’s handle produced $18.3 million in taxable revenue, up 124.3% from $8.1 million in July and up 198.8% from $6.1 million in August 2019. August’s revenue produced $6.2 million in state taxes.
Pennsylvania fell shy of Nevada’s $165.6 million handle in July, but its record-breaking August could top the Silver State â which will announce August data later this month.
“The continuing build-up of online and mobile sports betting, in addition to online casinos and poker rooms, is paying enormous dividends,” Gouker said. “Some gamblers appear to still be reluctant to visit casinos in person, and technology is bridging that gap.”
Online wagering accounted for 88.1%, or $321.6 million, of all bets in August. FanDuel Sportsbook at Valley Forge Casino was again the primary driver by accepting $144.6 million in online bets, a 110.3% gain from $68.8 million wagered in July. Those bets produced $8.9 million in taxable revenue, up 518.6% from $1.4 million in July.
The retail sector picked up steam in August with $43.4 million in bets, up from $9.4 million in July, to produce $2.8 million in revenue. Rivers-Philadelphia led retail books with $11.8 million in bets and $949,903 in gross revenue.
The online market could get another boost, too, with the kickoff of football and the launch of the Barstool Sportsbook App.
“Barstool is the most intriguing launch since FanDuel and DraftKings entered the market, and could really move the needle,” said Valerie Cross, analyst for PlayPennsylvania.com. “It’s difficult to capitalize on such a busy sports schedule if bettors are limited in their online choices. The state’s gaming industry still has significant challenges, but its ability to entice so many online competitors has made the Pennsylvania market far more resilient.”
Online gambling
Online casino games and poker reached another all-time high in August with $55.9 million in gross operator revenue, or $1.8 million for the 31 days of August. That is up from July, when online gambling generated $54.4 million. All of August’s operator revenue resulted in a $15.8 million injection into state coffers and another $6.3 million in local share assessments.
“The continued growth of online casino revenue, even with opened retail casinos, shows that the industry has set a new standard for online gambling,” Cross said. “The popularity of these games should remain, and likely expand, over the next few months even as casinos steady.”
For more, www.playpennsylvania.com/news.
About the PlayUSA.com Network:
The PlayUSA.com Network and its state-focused branches is a leading source for news, analysis, and research related to the market for regulated online gaming in the U.S.
SOURCE PlayPennsylvania
Playân GO, the worldâs leading casino entertainment provider, has today confirmed its plans to attend the Global Gaming Expo (G2E) at the Venetian Expo Center in Las Vegas, which kicks off on October 8th.Â
Playân GO will exhibit at the worldâs largest gaming conference under the tagline âWe Are Gameâ, and will match last yearâs 1750sqft booth, within which the Swedish gaming giant will showcase its ambitious US games roadmap, its music division Playân GO Music, and so much more. Â
Now live in five US states, Playân GOâs US games portfolio is reaching new heights, with classic titles such as Rise of Olympus Origins and Oasis of Dead set to hit US shores for the first time in the coming months. Chart-topping title Colt Lightning Firestorm will also feature heavily at Stand 4030, where Playân GO plans to entertain and educate visitors. Â
Launched in December 2023, Playân GO Music will this year have its own DJ booth contained within the stand, celebrating its season-long collaboration with MoneyGram Haas F1 Team through a series of Spotify playlists. The world of motorsport itself will also be represented in Las Vegas, in the shape of two active racing simulators connected to the stand. Â
Now entering its third year of US operations, Playân GO is licensed and active in West Virginia, New Jersey, Michigan, Pennsylvania, and Connecticut, with a publicly stated goal of being active in every regulated market in the world. Â
Ebba Arnred, Chief Marketing Officer and Co-Founder at Playân GO said: âPlayân GO is one of the best-known casino gaming providers in the world, and weâre excited to showcase our brand at the Global Gaming Expo for the third year running.  Â
âG2E has played a big role in our brand strategy since we began attending in 2022, as we continue to build brand awareness and provide the best gaming experience possible, both in the US and around the world. Â
âWeâre proud of what weâve achieved in the US since entering the market in 2022, and weâre hungry for more success. We want to invite all G2E attendees to pay us a visit at stand 4030, where our people will be ready to welcome and educate you on all things Playân GO. Weâre looking forward to travelling to Vegas next week to show the world that WE ARE GAME.ââŻâŻÂ
Playân GO can be found at stand 4030 in the iGaming Zone at G2E 2024.âŻÂ
Global gaming supplier AGS (NYSE: AGS or âthe Companyâ) will serve a full-course menu of delectable gaming experiences, including high-performing slot and iGaming content, cutting-edge cabinets, and revolutionary table game innovations at the 2024 Global Gaming Expo (âG2Eâ) in Las Vegas on October 8 to 10.
Products for Every Space, Games for Every Palate
As AGS continues to evolve and secure its place among the top four slot suppliers in North America, its G2E showcase will highlight its ability to outfit nearly every corner of the casino floor and satisfy every playerâs appetite. AGS will debut not one, not two, butthree form factors from its new Spectra Plus cabinet line: Spectra SL49+â˘, Spectra SL49+⢠Premium, and Spectra SL75+â˘. The cabinets will be accompanied by AGSâ most extensive library of sizzlinâ slot content, featuring innovative extensions from its renowned franchise, Rakinâ BaconÂŽ:Rakinâ Bacon Linkâ˘, Rakinâ Bacon Cash Comboâ˘, Rakinâ Bacon Triple Oinkâ˘, andRakinâ Bacon Jackpotsâ˘.
Additionally, AGS will showcase its latest games on its new three-reel stepper cabinet, Revelâ˘, and high-performing content for the recently released Spectra UR43â˘, Spectra UR43⢠Premium, and Spectra UR49C⢠cabinets.
Serving Up the Best in Table Progressives and Shufflers
G2E 2024 is a landmark year for AGSâ Table division as it becomes a full-service progressive and shuffler supplier. AGS will unveil enhancements to its award-winning progressive platforms, including a new sign package for STAX⢠and an innovative addition to its industry-leading Bonus Spin⢠Xtreme platform, Bonus Spin⢠Xtreme for Poker Rooms. The new addition, which was recently awarded a â2025 Best Table Product or Innovationâ in Global Gaming Magazineâs Gaming & Technology Awards, offers flexible progressive configurations to operators and adds the potential for players to win life-changing jackpots in live poker rooms.
Building on the success of the DEX SÂŽÂ single-deck poker shuffler and the Pax SÂŽÂ specialty single-deck shuffler, AGS will preview its latest innovation, the MAX 8â˘Â multi-deck shuffler. MAX 8 can shuffle up to eight decks of cards for shoe games, including baccarat and blackjack, and is designed to fit both sit-down and regular height table games.
AGSi: Bringing the Secret Sauce to Interactive
With a steady stream of chart-toppers and high-indexing content, AGSi has skyrocketed to the top of the interactive supplier charts in North America. AGSi continues to solidify its leading position in the interactive space by consistently releasing high-performing slot games in new categories, including the launch of bespoke content, as well as its first table game, and nearly doubling its content output compared to last year.
AGSi stays ahead of the competition by offering innovative solutions to help its partners generate revenue. This includes successfully executing a year-long, highly publicized campaign to lead the industry in cross-channel game launches, featuring both land-based and online titles such as Rakinâ Bacon Odysseyâ˘, Rakinâ Bacon Saharaâ˘, and three-reel classic slots, Gold InfernoÂŽ. AGSiâs commitment to data-driven results, coupled with the teamâs unmatched flexibility and nimbleness, ensures it remains a dominant force in the interactive space.
Meridianbet has successfully advanced to the next stage in Brazilâs exclusive sports betting and iGaming licensing process. The company is one of only 89 operators (from over 600 initial applicants) shortlisted at the federal level by the Brazilian Ministry of Finance. This shortlist grants operators permission to continue offering sports betting and iGaming services nationwide during the adaptation period, which runs until December 31, 2024.
This important step places Meridianbet among an elite group of global operators as Brazil approaches the launch of one of the most highly anticipated gaming markets in the world. With non-listed companies set to be prohibited from offering services starting October 11, 2024, inclusion on this shortlist highlights Meridianbet’s technological excellence, commitment to compliance, and its focus on responsible gambling and strategic market planning.
The company’s proprietary platform, which has undergone rigorous testing, along with its comprehensive marketing strategies and responsible gambling policies, positions it as a key player in the future of Brazilâs gaming industry. The application covers both sports betting and iGaming (online casino) under Brazilâs licensing regime, allowing Meridianbet to provide a full suite of gaming experiences to Brazilian players.
Brazilâs gambling market is forecasted to generate $34 billion in sports betting turnover by 2028, with an onshore gross win of $2.8 billion, according to a report by the International Betting Integrity Association (IBIA). Unlike the state-by-state regulatory approach in the U.S., this federal-level licensing will grant nationwide access, enabling the company to tap into Brazilâs rapidly growing market and diverse player base.
As part of the Golden Matrix Group (NASDAQ: GMGI), Meridianbet is leveraging global expertise and proprietary technology to strengthen its position in Brazil, ensuring it remains at the forefront of this emerging market.
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