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PlayPennsylvania.com: Sports betting expectedly slows in April

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Pennsylvania

 

Sports betting in Pennsylvania slowed to its lowest level since September 2020, an expected drop with a sports calendar absent the NFL or a major betting holiday such as the NCAA Tournament, according to PlayPennsylvania, which analyzes and researches the state’s regulated online gaming and sports betting market. Meanwhile, online casinos and poker continued their yearlong surge.

“Sports betting is following normal seasonal patterns seen in almost every legal jurisdiction, so it might be until September that the state’s sportsbooks begin to challenge the state record books again,” said Dustin Gouker, analyst for PlayPennsylvania.com. “With the Olympics and the NBA Playoffs later than usual this year, this will still be a summer that is better than a typical year. And that could be especially so if Sixers make a deep run into July.”

Pennsylvania’s online and retail sportsbooks accepted $479.4 million in wagers in April, according to official data released Tuesday, snapping a streak of four consecutive months above $500 million in wagers. April’s volume was down 14.4% from $560.3 million in March and the lowest since sportsbooks generated $462.8 million in September. Still, handle was up dramatically over the $46 million in bets taken in April 2020, the first full month sportsbooks were affected by pandemic-related shutdowns and the statistical low.

Sportsbooks won $36 million in gross gaming revenue of April’s wagering, up 1,025.1% from $3.2 million in April 2020 though down 13.9% from $41 million in March. April’s receipts produced $26.3 million in taxable revenue, yielding $8.9 million in state taxes and $525,930 in local share assessment.

Local interest in the playoff runs of the Philadelphia 76ers and Pittsburgh Penguins, coupled with the start of the Philadelphia Phillies and Pittsburgh Pirates seasons, actually helped shallow the seasonal lull for Pennsylvania. Colorado (-18%), Indiana (-25.4%), Iowa (-26.7%), and Michigan (-30.5%) all experienced more dramatic month-over-month declines in April, while New Jersey (-13%) and Tennessee (-13.6%) were slightly better.

“Local teams performing well, such as the Sixers and Penguins, are always a powerful incentive for bettors in any state,” said Valerie Cross, analyst for PlayPennsylvania.com. “In the case of Pennsylvania, it was a key difference between meeting expectations and falling short in April.”

Online sports betting accounted for $439.1 million of April’s handle, or 91.6%, down from 91.8% in March. FanDuel/Valley Forge led online operators again with $167.6 million in online wagering, down from $202.8 million in March. Those bets led to $13.75 million in gross revenue, up slightly from $13.72 million in March, and $11.1 million in taxable revenue. DraftKings/The Meadows was a distant second with $105.7 million in bets, down from $116.6 million in February. That action created $6.4 million in gross revenue, down from $7.7 million in March, and $5.4 million in taxable revenue.

Handle from the Barstool-branded Penn National/Hollywood Casino app fell to $57.2 million in April, down from $65.2 million in March and the third consecutive monthly decline. Those bets yielded $2.6 million in gross revenue, down from $6.2 million in March.

The online leaders were followed by:

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BetMGM/Hollywood Morgantown ($33 million handle, down from $37.4 million; $2.5 million in gross revenue, down from $3.1 million)
BetRivers/Rivers-Pittsburgh ($18.8 million handle, down from $24.8 million; $1.8 million revenue, down from $2.3 million)
Fox Bet/Mount Airy ($15.2 million handle, down from $17.5 million; $1.1 million revenue, down from $1.3 million)
Parx Casino ($14.2 million handle, down from $18.7 million; $1.7 million revenue, up from $1.4 million)
PlaySugarHouse/Rivers-Philadelphia ($13.4 million handle, down from $17.2 million; $995,423 in revenue, down from $1.1 million)
Unibet/Mohegan Sun Pocono ($7.2 million handle, down from $10.2 million; $436,595 revenue, down from $620,357)
Betfred/Wind Creek ($2.7 million handle, up from $2.2 million; $49,074 revenue, down from $152,563)
Caesars/Harrah’s ($2.1 million handle, down from $1.7 million; -$75,375 revenue, down from $144,858)
TwinSpires/Presque Isle ($2.1 million handle, down from $1.4 million; $33,622 revenue, down from $436,828)
Meanwhile, as restrictions on brick-and-mortar casinos loosened, including the return of drink service on April 4, retail sportsbooks generated $40.3 million in handle in April. That was down from $45.9 million in March. April’s action produced $4.8 million in gross revenue, while Rivers-Philadelphia topped the retail market with $7.7 million in bets, just ahead of Parx Casino’s $5.3 million.

The entirety of the state’s gross gaming revenue — including online and retail sports betting and online and retail casinos — reached $404.1 million in April, the second consecutive month of total gaming revenue surpassed $400 million.

“Retail betting, whether casino games or sports betting, continues to inch toward normal, while the gains in online revenues made over the last year continue to hold,” Cross said. “That has created an overall gaming market that easily surpasses pre-pandemic level, even if retail betting is not quite where it was.”

 

Online casinos and poker

With $105.5 million in gross revenue and $92.7 million in taxable revenue in April, Pennsylvania’s online and retail sports showed more dramatic year-over-year growth. Taxable was up 115.2% from $43.1 million in April 2020 even as it fell short of the record $97.7 million set in March.

Online casino wagering hit $3.2 billion in April, up 128.6% from $1.4 billion in April 2020. And with new operators coming online, including BetMGM/Hollywood Casino earlier this year and late-April’s online launch of Borgata/Rivers Philadelphia, that growth shows few signs of stopping.

“Online casinos continue to thrive, even as retail casinos operate under few restraints and competition among online operators heats up,” Cross said. “New operators joining the mix shows there is still a belief that the online casino market in Pennsylvania has not yet reached its peak.”

Other highlights from April:

April’s revenue produced $25.5 million in state taxes and another $13.1 million in local share assessments and county grants.
Online casino and poker rooms generated $3.1 million per day in taxable revenue over the 30 days of April, down from the record of $3.2 million per day set in March.
Penn National, which includes the DraftKings, BetMGM, and Hollywood casinos, topped the market with $36 million in revenue on $1.2 billion in wagers. Rivers-Philadelphia, which includes PlaySugarHouse and BetRivers casinos, was second with $26.6 million in revenue on $846.7 million in wagers.
Revenue at Mount Airy/PokerStars, which was the lone online poker operator in the state, hit $2.3 million. While newly launched online poker rooms BetMGM, under the Hollywood Casino Grantville license, and Borgata, under the Rivers Philadelphia license, combined to generate $27,071 in the two days each operated in April.
For more information on the revenue generated by Pennsylvania, visit www.playpennsylvania.com/revenue.

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BETBY STRENGTHENS LATAM PRESENCE THROUGH STRATEGIC PARTNERSHIP WITH CALÍMACO

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BETBY STRENGTHENS LATAM PRESENCE THROUGH STRATEGIC PARTNERSHIP WITH CALÍMACO

 

BETBY, an industry-leading sports betting provider, has announced a long-term partnership with CalĂ­maco, a premium B2B sportsbook supplier with a strong foothold across Latin America. This collaboration aligns with BETBY’s expansion strategy in the LATAM market, reinforcing its commitment to delivering state-of-the-art sportsbook solutions in the region.

As part of the agreement, Calímaco will integrate BETBY’s award-winning sportsbook solution, including its proprietary esports feed BETBY Games, and comprehensive trading and risk management services. Additionally, by leveraging BETBY’s AI-driven technology, AI Labs, Calímaco’s partners will gain access to an unparalleled betting experience tailored to the needs of the LATAM market.

Known for its scalable and robust casino and lottery platform, Calímaco will significantly enhance its offering with an additional 300,000+ events, 8,000+ markets, 125+ sports, and 35+ esports provided by BETBY, cementing its position as a go-to supplier in the region’s competitive iGaming landscape.

Stefanos Karakidis, Head of Business Development at BETBY, commented: “We are excited to partner with Calímaco, a company that shares our vision for technological excellence and operator-focused innovation. Integrating our complete sportsbook solution into Calímaco’s platform will enable brands across LATAM to elevate their sports betting offerings and provide their users with an exceptional experience.”

Alejandro Serrano, Head of Business Development at Calímaco, added: “BETBY’s sportsbook technology is renowned for its flexibility, scalability, reliability, and comprehensive coverage. Incorporating their award-winning solution into our platform will empower our partners with world-class sports betting capabilities, further strengthening our presence in the Latin American market.”

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GLIÂź Names Sangeeta Reddy as Vice President, Innovation

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GLIÂź Names Sangeeta Reddy as Vice President, Innovation

 

To ensure the company keeps its global clients well ahead of the technology curve, Gaming Laboratories International (GLI¼) has named Sangeeta Reddy as Vice President, Innovation. Previously, she served as Vice President of Engineering. Reddy will lead the company’s newly formed Innovation division.

“Technology is advancing at a breathtaking rate. Our mission at GLI is to advance with technology, while also constantly finding ways to do more to keep our clients informed and ahead of what’s next. In her new role, Sangeeta will continue to evolve our evaluation methodologies via her passion for R&D, her extensive experience both in and out of the gaming, and her strong academic background,” said President and CEO James R. Maida.

Reddy began her gaming industry career in 2001 as a PA Engineer at IGT, specializing in VLT, Slot games. She joined GLI in 2020. Prior to joining GLI, Reddy successfully managed Software QA and Development teams at Thomson Reuters and General Motors.

She holds a certificate from the Harvard Business Publishing’s Emerging Leaders program and a certificate in Associates Computer Information Systems. Her Postgraduate certification includes Chief Technology Officer Program, Business Analytics: From Data to Insights, and Driving Strategic Innovation: Leading Complex Initiatives for Impact from the Wharton School Aresty Institute of Executive Education and certifications in Cloud Computing, Artificial Intelligence and Machine Learning: Business Applications, Artificial Intelligence, and Data Science and Business Analytics from the Texas McCombs School of Business, Postgraduate Program.

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Rubens Barrichello to Open SiGMA Americas 2025 with a Keynote Speech

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Rubens Barrichello to Open SiGMA Americas 2025 with a Keynote Speech

 

Legendary motorsport racer and SOFTSWISS’ Non-Executive Director in Latin America Rubens Barrichello is taking the stage at SiGMA Americas 2025 with an inspiring keynote speech on 8 April, the opening day of the summit.

This will be Barrichello’s first major public engagement as an official SOFTSWISS representative at SiGMA Americas. In his speech, he will spotlight his vision of racing and iGaming – two worlds defined by speed, precision and passion. Attendees can expect a unique view of how these seemingly distant industries are more connected than it may seem.

In his keynote, Barrichello will share insights that bridge his personal racing journey with the opportunities presented by SOFTSWISS. The speech will also cover the cultural and human elements of doing business in Latin America, and the importance of timing, connections, and adaptability to achieve long-term success in this booming market.

“Latin America is a unique region filled with pure energy, emotion, and drive,” said Rubens Barrichello, Non-Executive Director in Latin America at SOFTSWISS. “The iGaming industry here is moving so fast, that for me it’s like stepping into a new race. But instead of cars, it’s technology, competition, and innovation pushing the progress forward, just like in Formula 1. I can’t wait to speak at the SiGMA Americas Summit and share what it takes to grow business on this continent.”

Barrichello’s active public engagement highlights SOFTSWISS’ strategic expansion into Latin America, one of the fastest-growing iGaming markets in the world. The company has already established itself in the region through certification in Brazil and Peru for its Game Aggregator and Jackpot Aggregator. In addition, SOFTSWISS recently partnered with rising talent Eduardo Barrichello for the 2025 FIA World Endurance Championship.

Rubens Barrichello will also join the SOFTSWISS team at Stand M85, where attendees can book meetings and explore how SOFTSWISS helps partners drive success across Latin America.

 

About SOFTSWISS

SOFTSWISS is an international technology company with over 15 years of experience developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Online Casino Platform, the Game Aggregator with over 27,800 casino games, the Affilka Affiliate Platform, the Sportsbook software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team counts over 2,000 employees.

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