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Gambling in the USA

Gaming Americas Weekly Roundup – May 29-June 04

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

SoftGamings has confirmed its attendance at the upcoming SiGMA Americas conference in São Paulo, Brazil. The expo is SiGMA America’s first conference in the area following the acquisition of the Brazilian iGaming Summit, making it a perfect platform for discussing and exploring innovative strategies within the budding LatAm gaming sector. SoftGamings will be among the industry leaders at the conference, demonstrating its comprehensive suite of iGaming solutions at stand E111, on June 14–18, 2023, at Transamerica Expo Centre.

Pragmatic Play, a leading content provider to the iGaming industry, is speaking and exhibiting its latest content at this year’s Peru Gaming Show, Mission #7 on its Latam Missions Itinerary. Celebrating a milestone 20th year, PGS is widely considered to be one of the industry’s most important international events in Latin America, attracting top providers, operators and more from across the globe.

Bragg Gaming Group announced that it has filed a notice of meeting and management information circular in respect of its upcoming annual meeting of shareholders to be held on Thursday, June 22, 2023 at 10:00 am (Toronto Time). In addition, the company also announced that there will be three new nominees for election to its board of directors (Board). The new nominees will replace three existing directors, Paul Godfrey (Chair), Paul Pathak and Rob Godfrey, who have each opted not to stand for re-election to the Board at the Meeting.

Endorphina has announced its participation at the Perú Gaming Show, going to be held on June 14 and 15. You can find the Endorphina team at Stand 47, as they are looking forward to meeting and greeting attendees as well as connecting with industry professionals. With a commitment to delivering high-quality casino experiences to players worldwide, Endorphina is in the excitement to be part of PGS, a major gaming event in South America.

IGT has introduced its latest video poker game, Fortune X Poker, to players at Yaamava’ Resort & Casino at San Manuel in Highland, Calif., with a special ribbon-cutting ceremony. The “X Marks the Spot!” celebration commemorated this “first in California” installation and included five popular slot influencers from across the US.

Partnerships

Betsson LATAM and the Sergio Urrego Foundation have entered into an alliance to support the Línea Salvavidas (Lifeline). The Lifeline is a free telephone service, staffed by psychology professionals, who provide crisis intervention in situations of risk associated with discrimination in emergency contexts and isolation, through direct prevention actions and psychosocial guidance.

Fortune Coins Casino announced a strategic partnership with Sweden’s leading casino content provider Fantasma Games to bring its players brand new titles and boost both parties’ influence across the North American social casino sector.

Marker Trax has announced a significant milestone, partnering with Pennsylvania’s Rivers Casino Philadelphia, in a move that brings contactless, cashless play and credit to a Philadelphia casino for the first time. Marker Trax has teamed up with the Fishtown venue to introduce the Pennsylvania gaming market’s first contactless, cashless digital advance system, through Rivers Casino Philadelphia’s Rush Credit programme, powered by Marker Trax.

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New Jersey Gambling Revenue Increases in July

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This summer is shaping up to be a strong one for Atlantic City casinos and their online gambling operating partners. According to the latest data collected by the state, the total gambling revenue for the casinos and their operating partners from in-state online gambling was nearly $250 million during July. That represents a nearly 27% increase over last year’s total revenue for July, and it comes on top of a more than 23% year-over-year increase measured during the month of June.

In all, revenue this year from online gambling through the end of July topped $1.6 billion, up 23.3% compared to the same period last year, according to a report from the state’s Division of Gaming Enforcement, which regularly tracks gambling revenue earned legally in New Jersey.

The revenue gains from online gambling do not appear to have come at the expense of in-person gambling this summer, according to the DGE data. Revenue from gambling at the casinos also grew in both June and July, although at more modest rates, with year-to-date collections totaling $1.66 billion through the end of July, the report said.

Amid the online-gambling revenue upswing, state policymakers decided earlier this summer to increase the state tax levied on legal online gambling offered by casinos and their operating partners.

The online gambling tax hike, as well as an increase in the state tax levied on mobile sports betting, came as part of a broader plan to raise an additional $600 million in annual revenue for the state budget.

The two gambling tax hikes, which went into effect on July 1, are projected to increase the revenues the state collects from casino taxes and fees by more than $200 million annually, according to estimates from the Department of the Treasury.

According to the report issued by Stockton University, which is based in Atlantic County, the casino industry’s gross gambling revenues totaled nearly $5.7 billion in 2024.

Last year, the total from taxes and fees levied on casino operators in New Jersey topped $880 million, according to a report issued earlier this year by Stockton University.

This included $572 million in revenue that went directly into New Jersey’s Casino Revenue Fund, the report said. That fund, by law, benefits programs and services for senior citizens and disabled residents.

In all, online gambling on traditional casino games, like poker and blackjack, netted casino operators $2.4 billion in gross revenue last year, followed by slots, $2.1 billion; table games, $699.7 million; mobile sports betting, $486.5 million; and in-person sports betting, $6.5 million, according to the report, which cited state data.

And even before the increased state tax rates that were put in place earlier this summer, the tax revenue generated by casino gambling in New Jersey was trending up, the report said.

The post New Jersey Gambling Revenue Increases in July appeared first on Gaming and Gambling Industry in the Americas.

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Virginia Lawmakers Debate Creating iGaming Agency

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Virginia lawmakers are actively debating whether to establish a new regulatory agency to oversee iGaming. The joint subcommittee discussed a bill to create the Virginia Gaming Commission. It would manage all gambling verticals beyond the lottery.

Delegate Paul Krizek said: “The Virginia Gaming Commission is a step we need to preserve the good.”

Currently, the Virginia Lottery regulates sports betting and casinos, while other agencies manage charitable gaming and horse racing. Lawmakers also considered legalizing online casinos, including real-money platforms.

Delegate Marcus Simon introduced HB 2171 earlier this year. The bill aimed to authorize a real money online casino market under casino-lottery oversight. While the bill failed, Simon explained that the aim remains to curb illegal offshore platforms.

“My goal is to bring it under a regulated umbrella where we can have some oversight and supervision,” Simon said.

The subcommittee reviewed revenue projections estimating up to $5.3 billion in taxable income from online casinos over five years. The estimates included increased land-based casino revenue of 8.4%.

Experts raised concerns about real money online casino risks. Keith Whyte from Safer Gambling Strategies urged strong enforcement and safer gaming tools. Whyte noted: “Players could be encouraged… to take control through deposit limits, time limits, budget calculators, and personalized dashboards.”

Mental health advisor Brianne Doura-Schawohl backed up Whyte’s statement, warning that such products are dangerous without safeguards.

Former New Jersey regulator David Rebuck testified that iGaming complemented land-based casinos there. He pointed to New Jersey’s market, where online play boosted tourism and in-person casino revenue.

However, some Virginia legislators expressed skepticism, citing fears of cannibalization. They questioned whether online casinos might draw customers away from brick-and-mortar venues.

Industry experts countered that New Jersey and Michigan showed the opposite effect. Rebuck explained: “The evidence demonstrates iGaming expands the player base rather than cannibalizes physical casinos.”

Supporters argued that Virginia’s land-based operators could benefit from cross-promotion, loyalty programs, and expanded reach to players in rural areas.

The subcommittee must make recommendations by November 30, 2025. Officials expect the commission’s creation will precede legalization of online casinos. The Virginia lawmakers will review feasibility and revise HB 2171 before the 2026 legislative session.

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DraftKings Introduces Credit Card Deposit Ban for US Customers

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DraftKings has introduced credit card deposit ban for US customers. This decision aligns them with other major gambling operators, such as Fanatics Betting & Gaming, Betr, and Sporttrade, which have already banned credit card funding for wagering accounts.

It also comes on the heels of another major announcement by DraftKings. Starting September 1, DraftKings will charge a 50-cent fee for every mobile and online bet placed in Illinois using its Sportsbook platform. This change follows a similar move by FanDuel.

DraftKings CEO, Jason Robins, expressed his disappointment with Illinois policymakers for significantly raising the tax rate. He is worried that this could hurt the legal sports betting industry, while the illegal market continues to operate without paying taxes or providing any consumer protections.

DraftKings has informed its users that any saved credit card information will be disabled.

Moving forward, players will need to utilize alternative payment methods, including:

• Debit Cards

• ACH and wire transfers

• PayPal, Venmo

• Apple Pay

• Gift Cards

Bettors can also use cash at physical locations to fund their accounts.

DraftKings describes this step as a “strategic business decision” aimed at shielding customers from the high interest rates and cash advance fees usually associated with credit card deposits in gambling. Unlike regulatory demands, this decision was internally driven but coincides with growing scrutiny from regulators.

DraftKings has decided to stop accepting credit cards for deposits in the US due to worries about customer safety and more scrutiny from regulators. Recently, the company faced a significant fine in Massachusetts, where it is based. The Massachusetts Gaming Commission fined DraftKings $450,000 for allowing credit card deposits, which goes against state laws.

The post DraftKings Introduces Credit Card Deposit Ban for US Customers appeared first on Gaming and Gambling Industry in the Americas.

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