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European Gaming Congress 2024
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Press Releases

Q1 2024 Commercial Gaming Revenue Sets New Quarterly High, Marks 13th Straight Month of Industry Growth

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AGA State of the States Report Shows Record $14.67 Billion in 2023 Commercial Industry Tax Contributions.

U.S. commercial gaming revenue reached a quarterly record of $17.67 billion in Q1 2024, the industry’s 13th consecutive quarter of growth, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. The quarter was punctuated by March revenue of $6.09 billion, the industry’s second-highest grossing month ever.

 

 

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“While gaming’s momentum remains strong, 2024 will be the new baseline for future growth after several years of sports betting legalization and post-pandemic consumer shifts,” said AGA President and CEO Bill Miller. “Gaming’s continued growth relies on maintaining our commitment to innovation and responsibility.”

Commercial Gaming Revenue Tracker Highlights

Across the country, 11 state gaming markets set new quarterly revenue records, including Pennsylvania and New York, two of the nation’s largest commercial gaming markets.

Both retail and online gaming saw annual growth in Q1 2024, though at slower rates than in previous quarters. Retail gaming accounted for 70.7 percent of total revenue while online gaming represented its largest share ever, 29.3 percent. Looking closer at each sector:

  • Traditional Gaming: Traditional brick-and-mortar casino gaming generated quarterly revenue of $12.34 billion, a modest increase of 0.3 percent year-over-year that was hampered by severe January weather in regional gaming markets nationwide.
  • Legal Sports Betting: Americans wagered a first-quarter record $36.86 billion on sports in Q1, generating $3.33 billion in quarterly revenue (+22.0% year-over-year). The growth compared to Q1 2023 was in part driven by new market launches in Kentucky, Maine, North Carolina and Vermont.
  • iGaming: iGaming grossed an all-time high of $1.98 billion in Q1, a 26.1 percent year-over-year increase bolstered by Rhode Island’s iGaming market launch in March.

State of the States 2024

The AGA also released its annual State of the States report today, which provides the definitive state-by-state economic and regulatory analysis of U.S. commercial gaming in 2023 for policymakers, gaming stakeholders and industry observers.

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State of the States 2024 details the record $14.67 billion in direct gaming tax revenue paid to state and local governments by commercial gaming operators in 2023—up 9.7 percent from 2022. This does not include the billions more paid in income, sales or other taxes.

“As gaming expands, more communities than ever are benefiting,” continued Miller. “We are proud to create jobs across the country, provide world-class entertainment experiences that offer safe alternatives to the pervasive illegal gambling market, and generate tax revenue to support critical public projects.”

 

Background

  • AGA’s Commercial Gaming Revenue Tracker provides state-by-state and cumulative insight into the U.S. commercial gaming industry’s financial performance based on state revenue reports. This issue highlights Q1 2024 results.
  • 37 states and the District of Columbia featured operational commercial gaming markets in Q1 2024, including casino gaming, sports betting and iGaming.
  • AGA’s State of Play Map charts gaming’s economic impact, industry regulations and casino locations on a state-by-state basis for both the commercial and tribal gaming sectors.

 

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Canada

mkodo Joins the Canadian Gaming Association in its Commitment to Supporting the Regulated Canadian Gaming Market

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mkodo, the leading provider of mobile apps, websites, front-end UX and geolocation technology to the Canadian lotteries, including OLG, BCLC, WCLC, ALC and AGLC for over 13 years, is proud to announce its recent membership to the Canadian Gaming Association (CGA). This strategic partnership demonstrates mkodo’s commitment to supporting and enhancing the digital experience within Canada’s dynamic regulated iGaming sector.

As a member of the CGA, mkodo will collaborate with other industry leaders to drive innovation, advocate for responsible gaming practices, and contribute to the overall growth and sustainability of lottery, betting and gaming, both land-based and online, across the Canadian provinces.

Joining the CGA highlights mkodo’s dedication to delivering high-quality, secure, and user-friendly products and services that meet the changing needs of iGaming operators and their players, including their geolocation compliance service, GeoLocs, that is used by lottery operators across Canada, including OLG and WCLC, along with iGaming operators and platforms in Ontario including White Hat Gaming,, Casino Time and Betty.

Stuart Godfree, Managing Director of mkodo, said of the new partnership: “We are thrilled to join the Canadian Gaming Association, an organisation that plays a crucial role in shaping the future of the regulated gaming industry in Canada. This membership aligns perfectly with our mission to provide exceptional user experiences in iGaming and Lottery and reinforces our commitment to supporting responsible gaming initiatives within Canada. We look forward to collaborating with CGA members to drive forward the industry’s standards and innovation.”

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Paul Burns, President and CEO of the Canadian Gaming Association, welcomed mkodo to the association, saying: “We are delighted to have mkodo join our membership. Their expertise as the leading mobile apps and geolocation supplier to Crown Corporations Lotteries will be a valuable addition to our community.”

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Industry Awards

Slotsoo Casino Awards Is Back – Check Out the Seven Winners for 2024

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Slotsoo is back with another edition of their Casino Awards. The competition was fierce, and most of the trophies went to different operators compared to last year. Continue reading to find out who the seven winners were this time, and to be the first to hear about Slotsoo’s newest ventures.

The Casinos that Received Legendary Status
This year, the following casinos made it into “The Seven”:

  1. The Gambling GOAT– Slotshammer
  2. The Bonus Buff– Scarabet
  3. The Loyalty Lord– Rollino
  4. The Withdrawal Wizard– Rakoo
  5. The Gamification Guru– Hit’n’Spin
  6. The Payout Professor– Stupid Casino
  7. The Noisy Newcomer– Gangsta Casino

The main trophy, The Gambling GOAT, goes to the overall best casino. Last year, during the inaugural ceremony, it was the Campeon Affiliates site Svenbet that won it. At the Slotsoo Casino Awards 2024, the prize went to their other brand Slotshammer.

Campeon also scored a second trophy this year, with their newest casino Scarabet. The rest five trophies were awarded to different operators compared to last year. Markus Björk, head writer at Slotsoo, congratulates all the winners and explains that this is a sign of the fierce competition and the constant innovation in the iGaming industry:

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“The fact that most of the trophies went to new operators shows that nobody is safe. Existing companies need to constantly keep innovating or they will risk losing their shares to newcomers. European casino players in 2024 rank value above everything else.”

Expansion of the Casino Awards to Local Markets

This Spring, Slotsoo also held their first casino awards for one of their language versions. The Finnish Kasinogaala 2024 had the trophies and names modified to fit the local market, but the core idea of the different trophies remained the same: Fun categories that resonate to players.

An 8th trophy was introduced for the casino with the best streaming services. With this award they wanted to highlight the interactive and social nature of casino gaming. Playing online slots in 2024 is not about sitting alone in a dark basement staring at a big screen.

What Else Is New at Slotsoo? Pragmatic Play Tournaments

While many businesses are enjoying a relaxing break during the summer months, Slotsoo is in full swing to grow their website. Earlier this week, they launched free slot tournaments. This new project is a cooperation with Pragmatic Play and one of the main goals is to get more people interested in slots.

In the Slotsoo Social Tournaments, participants have the chance to win gift cards, without putting their own money at risk. The currently ongoing July tournament started a few days early and offers a 500€ Amazon gift card as the grand prize. The winner is the one who manages to get the biggest total win in the fish-themed slot Big Bass Floats My Boat with 50 spins.

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The tournaments are open to all adults that live in the EU/EEA region, except for a few restricted countries. Markus Björk hopes that the monthly tournaments will gain a lot of popularity, and informs that they also have a special Honor & Glory tournament:

“The Honor & Glory tournament lasts until the end of 2024 and consists of 1000 spins to the game Gates of Olympus 1000. If more than one million people register to the tournament the winner will get a really cool secret prize worth a lot of money. If there are 999 999 participants or less, then they just win honor and glory.“

The post Slotsoo Casino Awards Is Back – Check Out the Seven Winners for 2024 appeared first on European Gaming Industry News.

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eSports

Esports World Cup and Aramco Announce Strategic Partnership

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Global energy brand extends relationship with one of the world’s largest gaming festivals

The Esports World Cup Foundation (“EWCF”) and Aramco, one of the world’s leading integrated energy and chemicals companies, announced a strategic partnership that will see Aramco extend its sponsorship of the Esports World Cup, set to take place this summer in Riyadh, Saudi Arabia.

As the official title partner of the Aramco SIM Arena, Aramco will present a high-end simulator zone where racing enthusiasts can compete in community tournaments at the Esports World Cup Festival. The Aramco SIM Arena, offering hyper-realistic simulators that provide an experience akin to driving an F1 car, will be a premier destination for sim-racing fans. This partnership builds on Aramco’s previous successful sponsorships of Gamers Without Borders and Gamers8: The Land of Heroes festival.

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Aramco’s involvement with the Esports World Cup is part of a broader ambition to promote economic development and diversification, provide new opportunities for young people in the country, deliver critical STEM skills, and help build a diverse and dynamic Saudi economy.

The partnership between Aramco and the Esports World Cup is set to create a lasting, positive impact on the world of esports. As the festival approaches, both parties look forward to showcasing Saudi talent on the global stage and inspiring today’s youth through the power of gaming and esports.

Starting July 3, 2024, the EWCF will transform Riyadh into the epicenter of esports fandom and gaming culture, with an eight-week festival. The event will feature gaming activations, community tournaments, pop culture celebrations, international experiences and more. Fans can watch their favorite athletes and clubs compete in 21-game championships for a share of more than $60 million in prize money, the largest in esports history.

The post Esports World Cup and Aramco Announce Strategic Partnership appeared first on European Gaming Industry News.

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