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TENNESSEE SHATTERS WAGERING RECORD AGAIN WITH $375 MILLION OCTOBER Busy schedule that included five weekends of football ‘rocket fuel’ for sportsbooks, according to PlayTenn analysts

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Formation of Coalition for Responsible Sports Betting Advertising Announced

 

Tennessee sportsbooks obliterated the state record for monthly wagering with $375 million in bets in October, $120 million more than the previous high set in September. October’s surge is a product of an unusually robust sports calendar and bettors’ increasing comfort with sports betting, according to PlayTenn, which tracks the Tennessee gaming market.

“With five full weekends of the NFL and college football, baseball’s postseason, and the start of the NBA season, betting inventory was off the charts,” said Alec Cunningham, an analyst for PlayTenn.com. “The calendar won’t always be so cooperative, but a maturing market will continue to push Tennessee’s industry.”

Sportsbooks accepted $375.3 million in bets in October, up 45.9% from the record $257.3 million handle generated in September, according to data released Tuesday during a meeting of the Tennessee Education Lottery and Sports Wagering Advisory Council. Bettors placed $12.1 million in wagers per day over the 31 days of October, up from $8.6 million per day over the 30 days of September.

Gross revenue fell 9.0% to $23.3 million from September’s record of $25.6 million, but that still represented the second-most profitable month for sportsbooks. The win led to a record $17.2 million in taxable revenue, which yielded $3.4 million in tax revenue.

October’s results pushed the state’s lifetime handle to $2.3 billion since the first sportsbooks launched in November 2020, making the Volunteer State the fifth-fastest to the $2 billion milestone.

“The enthusiasm for football in Tennessee has been a sort of rocket fuel for the state’s industry,” said Eric Ramsey, an analyst for the PlayUSA.com Network, which includes PlayTenn.com. “Tennessee is proof that if demand is high and sportsbooks put out a good product, the market will succeed regardless of sometimes clumsy regulation.”

Sportsbooks should see plenty of action over the next two months, even without five weekends of football like October offered.

“Tennessee is one of the few states with at least one NFL, NBA, and NHL team and multiple Division I football and basketball programs, all of which will be playing full schedules in November,” Cunningham said. “More records will almost certainly fall before the end of the year.”

Compliance Updates

Asensi Technologies Appointed as Approved Agent by Kahnawake Gaming Commission

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Asensi Technologies, a leading provider of Technical Compliance and Certification Services for online Gaming and Gambling companies, proudly announces its appointment as an Approved Agent by the Kahnawake Gaming Commission. This partnership further solidifies Asensi Technologies’ commitment to ensuring regulatory compliance and integrity throughout the gaming industry.

With a track record dating back to 2017, Asensi Technologies has been at the forefront of providing Technical Compliance and Certification Services to gaming operators and suppliers alike. Accredited as a gaming laboratory in Spain since 2017 and most recently in Peru on February 13, 2024, Asensi Technologies has continually demonstrated its expertise in facilitating compliance with regulatory requirements.

The Kahnawake Gaming Commission’s decision to designate Asensi Technologies as an Approved Agent reflects the company’s commitment to upholding the highest standards of regulatory compliance and integrity. Asensi Technologies is poised to assist the Kahnawake Gaming Commission in fulfilling its regulatory objectives effectively and efficiently, ensuring the integrity of gaming operations at every level of the industry and supporting all stakeholders in meeting regulatory standards.

“We are honored to be appointed as an Approved Agent by the Kahnawake Gaming Commission,” said Aurora Merino Salas, CEO at Asensi Technologies. “This appointment further validates our dedication to providing comprehensive technical compliance and certification services and also underscores our steadfast commitment to promoting transparency and integrity throughout the gaming industry.”

Asensi Technologies remains fully committed to leveraging its expertise and experience to assist the Kahnawake Gaming Commission in achieving its regulatory objectives. The company’s comprehensive range of services aims to facilitate seamless compliance for gaming operators and suppliers, thereby enhancing trust and confidence in the gaming sector.

“We extend our gratitude to the Kahnawake Gaming Commission for trusting in our capabilities,” added Aurora Merino Salas. “At Asensi Technologies, we are committed to continuing our efforts to uphold the highest standards of regulatory compliance and integrity within the gaming industry. Without a dedicated, committed, and specialized team like that of Asensi Technologies, all these steps forward would be impossible.”

For more information about Asensi Technologies and its suite of Technical Compliance and Certification Services, please visit Asensi website.

 

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KARA MATTHEW, BMM INNOVATION GROUP CHIEF OPERATIONS OFFICER, RECOGNIZED AMONG GLOBAL GAMING BUSINESS MAGAZINE’S “25 PEOPLE TO WATCH” IN GAMING

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Matthew’s Impressive Performance Earns Her a Coveted Place on Prestigious “25 People to Watch for 2024”; List.

BMM Innovation Group (“BIG” or the Company), a technology conglomerate providing world-class services and cutting-edge solutions to the global gaming industry, today announced that Kara Matthew, Chief Operations Officer, has been recognized by Global Gaming Business (GGB) Magazine as one of its “25 People to Watch for 2024” in the gaming industry.

GGB Magazine’s 25 People to Watch acknowledges individuals who have demonstrated significant achievements in their gaming careers and are poised to make a substantial impact on the gaming landscape in 2024 and beyond.

Matthew said, “I am extremely humbled to be selected amongst 25 outstanding gaming industry leaders. This recognition further motivates me to continue pushing the boundaries, ensuring that BMM remains at the forefront of innovation. I’m excited about the journey ahead and the positive impact we can make in shaping the future of gaming.”

Martin Storm, Chairman and Chief Executive Officer of BIG, said, “We congratulate Kara on this unparalleled recognition. She has excelled in large-scale global management, process optimization, and technology advancement throughout her career. Her leadership has been instrumental in steering the BMM Innovation Group to new heights, and we are confident that her endeavors will continue to shape and elevate the future of the gaming industry.”

Matthew received a bachelorߣs degree in communications from the University of Washington, Seattle. She has over two decades of experience in the video gaming industry at Microsoft Xbox, and the casino gaming industry at International Game Technology (IGT), where she led global research and development and operational teams. More recently, she led delivery and operational teams at a global healthcare company, Change Healthcare, with hundreds of employees across the world, where she played a key role in the growth and ultimate IPO of the company.

 

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Gambling in the USA

March is Problem Gambling Awareness Month — Help Raise Awareness of Resources to Combat Problem Gambling

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The Arizona Department of Gaming (ADG), Division of Problem Gambling (DPG), in collaboration with the National Council of Problem Gambling (NCPG), recognizes March as Problem Gambling Awareness Month. 2024 marks the 21st anniversary of Problem Gambling Awareness Month. “Problem gambling is a serious addiction that affects an estimated two percent of adults and five percent of youth in Arizona,” said Katie Hobbs, Arizona Governor. “That is why I have issued a proclamation announcing March 2024 as Arizona Problem Gambling Awareness Month — through education and outreach, we can spread the word and support those in Arizona who may suffer from problem gambling by getting them the help they need.”

Problem gambling is defined as all gambling behavior patterns that compromise, disrupt or damage personal, family, or vocational pursuits. Approximately 2 million U.S. adults (1% of the population) are estimated to meet criteria for severe problem gambling. Another 4 to 6 million (2-3%) meet the criteria for mild or moderate problem gambling.

This year, DPG will be hosting the 16th Annual Symposium on Problem Gambling. With the theme, “A Closer Look at Problem Gambling in Arizona Through Diverse Populations,” this year’s symposium will be taking a closer look at problem gambling and how it relates to other behavioral health topics and the research and experience of diverse populations.

“There is great importance in bringing together innovators, leaders, and decision makers in person, going beyond virtual interactions,” said Jackie Johnson, ADG CEO. “Our goal is that our conference provides an opportunity for meaningful discussions, sharing of leading best practices, and strategic collaborations essential to our organization’s mission and objectives.”

Problem Gambling Awareness Month is designed to coincide each year with March Madness, during which Americans are expected to wager over $3 billion. For the majority of adults, gambling can be a fun and entertaining experience, but there are risks involved. Sports bettors are at a particularly high-risk for developing a gambling problem. According to the National Survey on Gambling Attitudes and Gambling Experiences 2.0, 4 out of 5 sports bettors reported often needing to gamble more to get the same feeling of excitement.

“We are more than grateful that Arizona Governor Katie Hobbs has once again proclaimed March as Arizona Problem Gambling Awareness Month,” said Elise Mikkelsen, Director of DPG. “We know the disparities in both access to services as well as treatment outcomes have become increasingly evident for individuals from historically underrepresented communities and we want you to know that you are not alone. By utilizing DPG’s free, 24/7 confidential helpline or visiting our website, those in the state can take the next step and access information and resources critical in addressing a problem with gambling.” The Arizona Department of Gaming is not the only State agency that works to alleviate problem gambling.

“The Arizona Lottery recognizes that gambling addiction can affect anyone regardless of age, gender, or socioeconomic status,” said Arizona Lottery CEO Alec Thomson. “We are committed to doing our part to promote responsible gaming by raising awareness on the signs of problem gambling and providing resources to help those who may struggle with a gambling problem.” To date, the Lottery has provided $5.7 million to ADG to contribute to effective statewide problem gambling prevention, treatment, and education programs.

If you or someone you know has a gambling problem, DPG urges you to get help now by calling 1-800-NEXT-STEP (1.800.639.8783), DPG’s confidential helpline, texting “NEXTSTEP” to 53342, or utilizing a chat feature on the DPG website. DPG’s helpline provides confidentiality and connects callers with a master’s level counselor who can connect them with available resources, including statewide treatment providers who specialize in problem gambling. The helpline is available 24/7 to everyone facing a problem with gambling – individuals and affected family members, friends or co-workers.

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