Press Releases
PlayIllinois.com: Sports betting slows, but Illinois quickest ever to $5 billion in wagering
Wagering at Illinois sportsbooks slowed in June to below $500 million for the first time since December 2020 while revenue once again surged, as the effects of summer’s sports calendar and in-person registration requirements continued to be felt. Even as the Prairie State remains in line with trends seen in most major U.S. markets, Illinois managed to reach $5 billion in lifetime handle quicker than any market in U.S. history, according to analysts from PlayIllinois, which tracks the state’s regulated online gaming and sports betting market.
“Illinois sportsbooks is very much continuing down the same path as most major U.S. markets in June, with revenue surging despite the seasonal headwinds working to keep handle down,” said Eric Ramsey, analyst for the PlayUSA.com Network, which includes PlayIllinois.com. “Fortunately for them, sportsbooks only have to endure one more month of sluggish action before the fall sports season reignites the industry.”
Illinois’ retail and online sportsbooks took in $476.5 million in wagers in June, down 6.1% from $507.3 million in May, according to official data released Thursday. That is the lowest handle in the state since sportsbooks collected $449.2 million in November 2020. The day-by-day pace of betting slowed to $15.9 million over the 30 days of June, which was down from $16.9 million per day in May.
The month’s handle placed Illinois No. 3 in the U.S. in June, behind New Jersey ($766.9 million) and Nevada ($545.5 million), but ahead of Pennsylvania ($420.2 million). More impressive, though, June’s handle pushed the lifetime total for the state to $5.1 billion. Illinois is just the fourth state to reach $5 billion, and the state’s sportsbooks did it in 16 months, breaking New Jersey’s record of 18 months.
“Even with all the twists and turns over the last year, namely the back-and-forth with in-person registration requirements and pandemic restrictions, Illinois continues to break new ground,” said Joe Boozell, analyst for PlayIllinois.com. “Illinois bettors remain highly engaged, keeping the state entrenched among the nation’s sports betting heavyweights like Nevada and New Jersey.”
As June’s handle fell, gross gaming revenue rose 31.8% to $48.2 million from $36.6 million in May. That is the third highest revenue total in state history, only surpassed by the record $49.9 million set in March and $49.4 million in January. July’s gross revenue produced $47.5 million in adjusted gross revenue, yielding $7.7 million in state and local taxes.
The revenue jump is a product of the way bettors tend to engage with summer sports.
Basketball remained the top sport, attracting $126.9 million in bets, which was down from $154.3 million in wagering in May. Baseball betting remained relatively flat, producing $126.7 million in bets, up from $126.1 million in May.
Meanwhile, parlay bets swelled to $101.1 million in bets, generating a whopping $22.8 million in revenue for sportsbooks. Tennis jumped to $40.3 million in wagers from $32.6 million in May.
“Bettors interact with individual sports like golf and tennis differently than major U.S. team sports like football, placing more futures bets and single-game parlay bets that carry lower odds to win,” Ramsey said. “For sportsbooks those bets are particularly important during the summer when volume drops. And it puts sportsbooks in an excellent position as football season approaches.”
$451.7 million, or 94.8%, of June’s bets were made online. DraftKings/Casino Queen remained in the market lead with $160.2 million in combined online and retail handle, down from $170.1 million in May. June’s handle included $157.1 million of online bets and $14.0 million in gross gaming revenue.
FanDuel’s online and retail sportsbooks attracted $156.3 million in bets in June, which was flat from May. The month’s bets, $155.3 million of which came online, generated a market-leading $20.3 million in gross gaming revenue.
BetRivers/Rivers Casino rose to $83.2 million in combined handle, including $71.2 million in online wagering. That led to $7.5 million in gross gaming revenue.
The leaders were followed by:
- PointsBet/Hawthorne Race Course ($35.6 million in wagers, including $33.6 million online; $3.4 million in revenue)
- Barstool/Hollywood Aurora ($30.4 million in wagers, including $28.7 million online; $2.1 million in revenue)
- William Hill/Grand Victoria ($6.6 million in wagers, including $5.9 million online; $504,006 in revenue)
- Argosy ($2.7 million in retail wagers; $359,010 in revenue)
- Hollywood Joliet ($1.2 million in wagers; $95,949 in revenue)
- Par-A-Dice ($360,804 in wagers; -$69,131 in revenue)
The fight for market share was largely static in June. This as lawmakers continue to grapple with in-person registration requirements and a $20 million licensing fee for online-only operators.
“Without a legislative fix, in-person registration will continue to be an issue that alters the market,” Boozell said. “Worse, if no operator pays the hefty online-only fee when those licenses become available in December it could make in-person registration permanent. We will see if legislators are able to either lower the price of the online-only licenses to make them more attractive or make it so that the online-only licenses aren’t the trigger for remote registration.”
Compliance Updates
BMM Testlabs Earns Accreditation in Maranhão, Brazil To Test Fixed Odds Betting Systems and Lottery Platforms
BMM Testlabs, the world’s original gaming test lab renowned for exceptional product compliance and testing services, today announced its official accreditation to test systems and games for the Brazilian state of Maranhão.
This new accreditation allows BMM Testlabs to test fixed-odds betting systems and lottery platforms for the Maranhão market. The Company is now authorized in every Brazilian jurisdiction that has regulated at state-level online fixed-odds betting.
The Maranhão accreditation, issued by Maranhão Parcerias SA (MAPA/LOTEMA), authorizes BMM Testlabs to work with lottery operators in the state to ensure compliance and quality standards for the gaming and lottery industry through end-to-end product compliance testing for Maranhão’s standards.
Additionally, Brazil’s Secretaria de Prêmios e Apostas has federally authorized BMM Testlabs to test betting systems, live gaming studios, and online games used by fixed-odds betting operators.
BMM Testlabs’ Marzia Turrini, President of iGaming & Cybersecurity, said, “We are excited and deeply honored that the State of Maranhão’s official lottery has entrusted BMM Testlabs with the responsibility of testing products for their new online fixed odds betting program, knowing that we’ll do so with the highest levels of impartiality, technical expertise, transparency, efficiency, and, most of all, integrity.”
With the Maranhão accreditation, BMM Testlabs solidifies its position as the leading independent test lab in Brazil. BMM Testlabs is accredited in all jurisdictions that have authorized fixed-odds betting for online gaming and sports betting.
BMM Testlabs brings 44 years of global leadership in product compliance across regulated markets and is trusted by games, systems, and lottery manufacturers, suppliers, developers, and regulators worldwide.
In addition to product compliance testing, BMM Testlabs provides end-to-end cybersecurity protection solutions. Through its sister company, RG24seven Virtual Training, BMM also offers compliance-grade virtual training on responsible gaming, anti-money laundering, and other important topics – presented by industry experts and available in English, Spanish, and Portuguese.
Conferences
Meridianbet CEO Showcases GMGI’s $163M FY2024 Revenue, USA & Brazil Entry at ICR 2025 Conference
In a packed room at the prestigious ICR 2025 Conference held in Orlando, FL, Zoran Milosevic, CEO of Meridianbet, captivated the audience of elite investors with GMGI’s remarkable growth story and series of strategic market entries that position the company for significant value creation in 2025 and beyond. The company also led the conference with the highest number of one-on-one investor meetings, signaling strong interest in its growth trajectory.
The world-class event, also known as the financial market Super Bowl, is recognized as the planet’s premier small and medium-cap conference for US listed companies. It brought together over 3,000 attendees, including institutional investors, sell-side analysts, investment bankers, and private equity professionals.
This builds on the success at the 2024 Citi Global TMT Conference, when the company shared insights alongside industry giants like DraftKings, FanDuel, and IBM.
61% Year-Over-Year Growth Positions GMGI as Gaming Industry Leader
The world’s elite investment audience found out a compelling history of growth: GMGI’s preliminary FY 2024 revenue surged 61% year-over-year to $150 million, with pro forma consolidated revenue reaching $163 million.
This exceptional growth trajectory, driven by strategic market expansions and technological innovation, showcases GMGI’s emerging dominance in the global gaming landscape.
Brazil: A Game-Changing Market Entry
In what could prove to be a transformative catalyst, Meridianbet secured a coveted federal license in Brazil – a market projected to reach $2.5-4 billion annually. With instant access to over 100 million potential customers across all 26 states, this strategic move positions GMGI to capture substantial market share in one of the world’s most lucrative gaming opportunities.
North American Expansion Accelerates
The Group’s momentum in North America exemplifies its multi-market growth strategy:
- Strategic entry into the rapidly expanding U.S. sweepstakes gaming market, leveraging proprietary content from Expanse Studios
- Pending gaming license in Ontario, Canada’s largest regulated market
- Deployment of AI-driven gaming solutions to maximize player engagement and retention
GMGI’s Unified Ecosystem: A Competitive Moat
Meridianbet CEO showcased how the Group’s six synergistic companies create a formidable competitive advantage, presenting to investors a unique ecosystem:
- Meridianbet’s presence in 18 regulated jurisdictions, powered by 1,200+ employees including 100 software engineers
- Expanse Studios’ proprietary game development driving high-margin revenue lowering the reliance on third-party content
- Strategic assets across key growth markets: Mexplay in South America, Rkings in the UK, and Classics for a Cause in Australia
2025: Multiple Growth Catalysts Ahead
The confluence of strategic initiatives positions GMGI for accelerated growth:
- Brazil market ramp-up expected to drive substantial revenue expansion
- Proprietary AI technology deployment enhancing player monetization
- First-mover advantages in newly regulated markets
- Continued margin expansion through operational efficiencies
For investors seeking exposure to the explosive growth in global gaming, GMGI represents a unique opportunity: a proven operator with proprietary technology, multiple growth vectors, and strategic positioning in the world’s most promising gaming markets.
Latest News
GAN Selects Internet Vikings’ Hosting Solutions in Arkansas
Internet Vikings, a licensed in-state hosting provider for iGaming and online sports betting, announces the extension of its relationship with GAN Sports®, a supplier of industry-leading casino content, into Arkansas.
Following a successful multi-state collaboration initiated in 2022, Internet Vikings continues to support GAN by delivering hosting services tailored to their operational needs. Internet Vikings is continuing to grow across the United States, as Arkansas becomes the latest state to benefit from their hosting services.
GAN, a B2B supplier of internet gambling software-as-a-service solutions, initially entered into an agreement with Internet Vikings in a landmark deal covering 15 states. Since then, the relationship has grown stronger, with GAN relying on Internet Vikings’ bare metal server solutions to support their large-scale U.S. operations.
This expansion into Arkansas follows a recent deployment in Nevada, where Internet Vikings also provides hosting solutions to GAN. As GAN continues to operate across regulated U.S. markets, Internet Vikings remains a dependable resource, and has demonstrated its reliability to support long-term growth.
Rickard Vikström, CEO and Founder of Internet Vikings, shared his thoughts, “Our relationship with GAN reflects the trust we’ve built over the years. It’s not just about providing hosting solutions; it’s about understanding their vision and exceeding their expectations.”
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