Connect with us
European Gaming Congress 2024

Gambling in the USA

Land-based closures spark 100% rise in US ‘online casino’ searches – BonusFinder research

Published

on

Reading Time: 2 minutes

 

The closure of major US land-based gaming venues and cancellation of live sport has sparked a 100% rise in internet searches for ‘online casino’ across North America, BonusFinder.com research can reveal.

The research was carried out using Google Trends from February to the end of March this year and uncovered a sharp spike in players searching for ‘online casino’ following land-based venues switching off slot machines and sports events being rescheduled.

The tipping point came on 12th March when more US players searched for ‘online casino’ than ‘sports betting’ with numbers doubling in the following two weeks.

Advertisement
Stake.com

Since the repeal of PASPA in August 2018, 17 US states have regulated sports betting with only five, including Delaware, Michigan, Nevada, New Jersey and Pennsylvania opening up igaming.

Combined sports betting and online casino ‘handle’ across those US States was more than $1.7 billion in February 2020.

Sportsbook handle is expected to dramatically shrink in March and beyond with operators and states urgently looking to mitigate losses and make up shortfalls. As a result of the surge in online casino interest, lawmakers in states that have already regulated betting could consider fast-tracking igaming.

According to VIXIO GamblingCompliance, New Jersey alone generated $482.7 million in igaming Gross Gaming Revenue (GGR) in 2019 and $52m in February 2020.

Industry trade group, iDevelopment & Economic Association, for example, is already urging states to allow online casino games to replace disappearing revenue, including exploring how governors can use emergency powers to quickly allow online casinos to operate.

Advertisement
Stake.com

Fintan Costello, Managing Director, Bonusfinder.com, said: “The five states that have opened igaming are seeing month-on-month revenue rises with New Jersey leading the way. It has a robust and responsible framework in place to protect players and has shown that online and offline casinos can operate together within the same territory and consistently generate very healthy returns.”

“This is a wake-up call for the 12 states that have already established an online sports betting regime. They should take note of the enormous interest in online casino from players and use this momentum to legislate igaming before we start seeing players turning to unlicensed, offshore sites and the black market.

“The demand will only continue to increase as this unprecedented situation continues, therefore now is the time to focus on providing best-in-class, regulated real-money online casino games that players can enjoy responsibly and that can also help state governments make up revenue shortfalls.”

Last month research carried out by BonusFinder.com monitoring the Swedish market uncovered a spike in Swedish players searching for a basket of black-market keywords. Almost a third of Swedish online casino players are searching online for ‘unlicensed casinos’, with growing numbers turning to black-market brands due to the market’s restrictive gaming regulations.

Advertisement
Stake.com
Continue Reading
Advertisement

Gambling in the USA

Pennsylvania Skill, Powered by Pace-O-Matic, Congratulates PA Gaming Control Board and Casino Giants on Surpassing 2023 Revenue Numbers

Published

on

pennsylvania-skill,-powered-by-pace-o-matic,-congratulates-pa-gaming-control-board-and-casino-giants-on-surpassing-2023-revenue-numbers

 

Pace-O-Matic (POM), creator of Pennsylvania Skill games, has congratulated the Pennsylvania Gaming Control Board (PGCB) which saw an 8.7% increase in gambling revenue in May 2024 over revenue in May 2023.

The funding comes from slot machines, table games, internet gaming, sports wagering, fantasy contests, and video gaming terminals (VGTs). The May revenue total is $520,997,868.

As the PGCB celebrates yet another enormous financial win, small businesses, veterans groups, volunteer fire companies and other fraternal clubs across the state also are pleased with the income they receive from operating legal skill games.

“The increased revenue for casinos and other gambling enterprises under the jurisdiction of the PGCB is good for the commonwealth. These numbers show that there is room in the state for both casinos and small businesses that operate skill games to be successful. There is no competition between the two,” said Mike Barley, spokesman for Pennsylvania Skill.

Advertisement
Stake.com

Barley questions why casinos, especially Parx Casino, are fighting skill games when they continue to see increased revenues month after month and year after year. He added he is disappointed the giant casino industry wants to destroy family businesses and organizations that count on skill games for supplemental income by seeking to impose a crushing tax rate on the games. Legislation to regulate skill games calls for a 16% tax on skill games while casinos say the tax should be 52%.

“Sadly, $521 million a month is not enough to satisfy the greedy casino industry. Instead, they want to kill small businesses, American Legions, volunteer fire companies, Moose Lodges and other places that count on income from skill games. These locations could never afford to pay the same tax rate that wealthy casinos pay. Casinos know that but they simply don’t care,” Barley added.

Barley explained that POM supports legislation sponsored by Sen. Gene Yaw and Rep. Danilo Burgos that will regulate and tax skill games. There is bipartisan backing for the legislation that will put guardrails around skill game operations and provide $250 million in skill game tax revenue for the state in the first year alone. Gov. Josh Shapiro wants to see skill game tax revenue as part of his 2024-25 state budget. But, Barley added, that revenue is generated only through a reasonable tax on skill games.

Several courts have ruled Pennsylvania Skill games are legal, including a unanimous Commonwealth Court in November. In addition to providing supplemental income to small businesses, the games are manufactured in Williamsport and 92% of the income they generate stays within the local economy or the state.

Advertisement
Stake.com
Continue Reading

Gambling in the USA

Gaming Americas Weekly Roundup – June 24-30

Published

on

gaming-americas-weekly-roundup-–-june-24-30
Reading Time: 2 minutes

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

Sportingtech, an award-winning platform by SBC Latinoamérica and full-service betting and gaming provider, announced the opening of its new office in the vibrant Villa Lobos area of São Paulo, Brazil. This strategic location, chosen to bring the company closer to its partners, customers and those interested in the Brazilian gaming market will serve as a hub for its operations and cater to the unique needs of this market.

Stokastic has appointed Daniel Haight as its Chief Operating Officer. Haight joins Stokastic from Yahoo Sports, where he spent the last eight years building their paid gaming products ecosystem from the ground up, overseeing all operational aspects, including product development, business strategy and P&L management. He spearheaded the successful launches of Yahoo Daily Fantasy, Yahoo Best Ball and Yahoo Sportsbook.

Advertisement
Stake.com

A subsidiary of Betsson AB has obtained its first local licenses for the newly regulated market in Peru. The licenses cover online casino and sports betting for the Betsson and Betsafe brands. Further, licenses for the Inkabet brand are expected to be obtained soon.

Following the announcement of free self-exclusion support for Colorado, Iowa, Michigan and Tennessee, The National Voluntary Self-Exclusion Programme (NVSEP) announced that, beginning this August, individuals in California will have a simple, no-cost way to take the proactive step of voluntary self-exclusion to address their gambling through NVSEP. NVSEP is working closely with the California Council on Problem Gambling to ensure that the programme fills a great need for Californians.

Partnerships

SCCG Managed Services (SCCGMS) has selected PLYMKR as a key partner to evolve its comprehensive managed services. This strategic collaboration combines SCCGMS’s extensive expertise and vast experience in managing tribal gaming, iGaming and sportsbook operations with PLYMKR’s innovative retail betting technology and complimentary gaming solutions.

Aftermath Interactive AB, a Sweden-based independent game studio, and Hensel Grad P.C., a U.S. gaming law and advisory firm, announced a strategic agreement to develop a skill-based poker game for launch in the US. The strategic agreement partners Aftermath Interactive’s innovative game development expertise with Hensel Grad’s deep knowledge of U.S. gaming laws and regulation. Together the companies will create a truly skill-based digital poker experience.

Advertisement
Stake.com

Spinmatic has signed a partnership deal with Blazesoft, a leading provider of social gaming solutions in the US and Canada, and its brands. Through this agreement, Spinmatic’s premium casino games will be available for Blazesoft players via its social brands Fortune Coins, Zula Casino and Sportzino.

SCCG Managed Services (SCCGMS) has selected Altenar as a key partner to evolve its comprehensive managed services. This strategic collaboration combines SCCGMS’s extensive expertise and vast experience in managing tribal gaming, iGaming and sportsbook operations with Altenar’s innovative sports betting solutions.

Duetto, a global leader in revenue management solutions, and SHR (an Access company), a leading provider of innovative and intelligent technology solutions for hotels and resorts, announced a strategic partnership designed to revolutionise the casino resort industry. Using Duetto’s Dynamic Rate Engine, SHR Group will enable its casino customers to deliver real-time personalised pricing online to maximise revenue, as well as increase occupancy and guest satisfaction.

The post Gaming Americas Weekly Roundup – June 24-30 appeared first on European Gaming Industry News.

Advertisement
Stake.com
Continue Reading

California Council on Problem Gambling

National Voluntary Self-Exclusion Program Adds Free Support for California

Published

on

national-voluntary-self-exclusion-program-adds-free-support-for-california

 

Following the announcement of free self-exclusion support for Colorado, Iowa, Michigan, and Tennessee, The National Voluntary Self-Exclusion Program (NVSEP) announced that, beginning this August, individuals in California will have a simple, no-cost way to take the proactive step of voluntary self-exclusion to address their gambling through NVSEP.

NVSEP is working closely with the California Council on Problem Gambling to ensure that the program fills a great need for Californians.

Robert Jacobson, Executive Director of the California Council on Problem Gambling, stated: “California self-exclusion is a critical state program which allows individuals to request that a card room prevent them from gambling at, or in many cases entering, the premises for a designated period. This can be a crucial tool for those battling gambling addiction. However, enrolling in the program in person at a card room’s premises can have a powerful triggering effect, potentially leading to a relapse or deterring the individual from self-excluding entirely.”

“Remotely excluding – i.e., mailing in a form – can be a great alternative; however, it requires that the enrollment form be notarized to verify the identity of the person submitting the form. For someone suffering from an addiction – especially one which causes severe financial hardships – each added barrier or cost makes it that much more difficult for them to take that first step on the road to recovery. NVSEP’s offer of free notarization services for those enrolling in California’s self-exclusion program removes a significant barrier, potentially having a tremendously positive impact on countless Californians dealing with gambling addiction by making one of our most vital prevention and recovery tools more accessible,” said Mr. Jacobson.

Advertisement
Stake.com

Jonathan Aiwazian, CEO of idPair, said: “NVSEP is singularly focused on expanding free and simple access to voluntary self-exclusion to those who need it. This announcement has the potential to help many of the tens of millions of people who either call California home or make it a travel destination and need a free and effective way to protect themselves.”

Continue Reading

Trending