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Gambling in the USA
Pennsylvania Sportsbooks Lose Out On $220 Million In Bets While Online Casinos Hit New Revenue Record In March
With $24.3 million in revenue, online casinos and poker lone bright spot for the industry, according to PlayPennsylvania
LAS VEGAS — The handle for Pennsylvania’s retail and online sportsbooks shrunk in March to its smallest monthly total since August 2019, while online casinos and poker exploded to a new record. Coronavirus shutdowns loom over the gambling industry, costing sportsbooks $220 million in wagers in March, according to PlayPennsylvania estimates, and sending home-bound bettors to online casinos and poker rooms in record numbers.
“Pennsylvania’s gaming industry is navigating waters that are unprecedented anywhere,” said Dustin Gouker, lead analyst for PlayPennsylvania.com. “It’s an industry that employs thousands in Pennsylvania and generates millions of dollars in tax revenue, and it is not designed to be closed. Growth in online casinos is helping, but it can’t entirely make up for the revenue lost from sports betting and land-based casinos being shut down.”
Pennsylvania sportsbooks appeared headed for its first month with a handle of more than $350 million in revenue. But with the sports world largely shuttered after March 11, Pennsylvania’s handle slumped to just $131.3 million for the month, according to official data released Thursday. That is down 60.2% from $329.8 million in February, though up from $44.5 million in March 2019, before online sports betting launched.
March’s revenue hit $8.6 million, up from $4.7 million in February. The win resulted in $2.3 million in tax revenue for the state.
The suspension of the NBA season on March 11 sent shockwaves through the sports world, leading to the eventual indefinite shut down of most major events. That included the cancelation of March Madness, which would have attracted $100 million in bets at Pennsylvania sportsbooks, according to PlayPennsylvania estimates. The closures have limited books to futures betting, mostly on the NFL, and some international sports.
“The timing of the coronavirus shutdowns was particularly damaging to Pennsylvania sportsbooks, costing the industry millions in basketball-related bets,” Gouker said. “The first weekend of March Madness is the second-biggest sports betting event in the U.S., behind only the Super Bowl, and its cancellation leaves no feasible way to make up that revenue. Obviously, there are dramatic health and economic concerns for everyone right now, but the loss of revenue will be felt by Pennsylvania’s gambling industry for quite some time.”
$118.3 million, or 90.1%, of the state’s March handle came from online betting. FanDuel Sportsbook at Valley Forge Casino led the market with $53.7 million in March wagers, down from $138.5 million in February. That yielded $2.8 million in taxable revenue, up from $146,080 in February. FanDuel was followed by:
- DraftKings at The Meadows ($28.6 million in handle, down from $72.3 million; $1.5 million taxable revenue, up from $1 million)
- Rivers-Philadelphia ($12 million in handle, down from $24.7 million; $601,984 revenue, down from $784,565)
- Rivers-Pittsburgh ($8.2 million in handle, down from $18.9 million; $535,860 revenue, down from $680,514)
- Parx Casino ($7.9 million handle, down from $19.9 million; $618,159 revenue, down from $818,817)
- Fox Bet at Mount Airy ($6.1 million handle, down from $14.4 million; $159,013 revenue, down from $539,372)
- Unibet at Mohegan Sun Pocono ($1.2 million handle, down from $4 million; $19,750 revenue, down from $86,558)
- Presque Isle Downs ($483,429 handle, down from $1.4 million; $23,905 revenue, down from $37,258)
- Harrah’s ($139,790 handle, -$18,075 revenue)
Rivers-Philadelphia led the retail market with a $2.3 million handle, down from $7.2 million in February. That yielded $146,281 in revenue, down from $383,793. Rivers-Philadelphia was followed by:
- Parx ($2 million handle, down from $5.9 million; $168,090 revenue, up from $127,231)
- Rivers-Pittsburgh ($1.8 million handle, down from $6 million; $130,270 revenue, down from $809,858)
- South Philadelphia Race and Sportsbook ($1.1 million handle, down from $2.7 million; $87,757 revenue, down from $181,236)
- Presque Isle ($1.1 million handle, down from $1.7 million; $35,838 revenue, up from $12,865)
- Harrah’s Philadelphia ($1 million handle, down from $2.9 million; $94,056 revenue revenue, up from -$64,494)
- Valley Forge Casino ($859,504 handle, down from $2.5 million; -$40,280 revenue, up from -$75,306)
- Mount Airy ($769,909 handle, up from $589,668; $14,344 revenue, up from -$20,065 in revenue)
- Hollywood Casino at Penn National Race Course ($571,511 handle, down from $2.1 million; $53,730 revenue, up from -$150,053)
- Mohegan ($463,552 handle, down from $1.7 million; -$15,336 revenue, down from $19,561)
- Oaks Race and Sportsbook ($284,736 handle, down from $856,374; -$8,526 revenue, down from $17,529)
“The bottom line is that Pennsylvania’s sportsbooks will not be healthy again until the sports world begins to reopen,” Gouker said. “No one yet knows for sure when that day will come. But sports leagues everywhere are trying to figure out ways to begin games again, so there is at least some reason for some optimism.”
Online casinos and poker boom
With land-based casinos closed and many of the state’s residents home-bound, Pennsylvania’s online casinos and poker rooms boomed to dramatic new records. Combined, online casino games and poker generated a record $24.3 million in revenue, easily surpassing the previous best of $19.5 million in revenue set just last month. March’s gains yielded $5.9 million in tax revenue for the state.
Poker alone generated $3.1 million in March revenue, all by Mount Airy/PokerStars, the lone online poker operator in the state. Previously, the all-jurisdiction record for poker revenue in a month was $3.1 million, set in October 2016 in New Jersey. The Garden State also set a new record in March with $3.6 million.
Online casinos boosted monthly revenue to $21.1 million on $871.6 million in wagers, which was up from $547.6 million in bets in February.
A high tax rate and technological issues had slowed the development of Pennsylvania’s online casinos and poker industry, and even now those issues continue to impede the market. But March’s gains were much-needed for an industry with nowhere else to turn.
“Pennsylvania’s online product has been slow to develop, but the revenue the industry is generating now is vital to the gaming industry and the state budget,” Gouker said. “Ideally, Pennsylvania’s online casino industry would’ve had the opportunity to mature more quickly. But it is definitely better than if it didn’t exist at all, as is the case in most states.”
Other important online data from March:
- Rivers-Philadelphia led the market with $6.8 million in revenue on $293.2 million in wagers. That is up from $4.8 million in revenue on $194.7 million in wagers in February.
- FanDuel/Valley Forge Casino was second with $5 million in online revenue on $250.6 million in wagers. That was down from $6.1 million in revenue on $279.3 million in wagers in February.
- Casinos and poker generated $782,768 per day in the 31 days of March, up from $672,097 per day in the 29 days in February.
For more information on the revenue generated by Pennsylvania sports betting, visit www.playpennsylvania.com/revenue.
Gambling in the USA
Gaming Americas Weekly Roundup – February 10-16
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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
Quick Custom Intelligence (QCI) has launched QCI Heatmap, an advanced contour heatmapping tool that transforms the way casinos interact with slot performance data. This release represents a unique modernisation of classic data visualisation techniques, reimagined using state-of-the-art graphics processing, machine learning and QCI’s proprietary intellectual property. Heatmapping has long been a valuable tool for understanding gaming floor performance, but traditional implementations were often limited by static visualisations, sluggish responsiveness and an inability to scale dynamically. With QCI Heatmap, the company has re-engineered these foundational techniques using modern high-performance rendering technology, GPU acceleration and AI-driven insights, enabling real-time, interactive exploration at a level never seen before.
FanDuel has revealed that during the 2024-25 NFL Season nearly half of its customers, approximately 3.5 million, reviewed their play activity using My Spend, a new personalised responsible gaming dashboard. The growing adoption demonstrates that customers are engaging with RG tools that provide personalized insights that help them to manage their time and spending on the platform. My Spend provides customers with detailed insights on their deposit and betting activity, including amount deposited and net winnings over the last seven days, four weeks or three months. The My Spend dashboard also encourages customers to utilise the existing suite of responsible gaming tools FanDuel offers, including deposit limits and wager limits.
Partnerships
SCCG Management has entered into a strategic partnership with Tecpinion, a premier provider of custom development and ready-to-launch, 100% customisable iGaming platforms with full ownership. Tecpinion delivers state-of-the-art platforms for sweepstakes casinos, social casinos, sports betting, online casinos, fantasy sports, crash games and more, with integrated solutions such as multi-lingual support, payment gateways and referral systems that cater to a global audience. SCCG Management will provide business development support, sponsorship exposure and strategic distribution opportunities, leveraging its extensive global network to position Tecpinion as a go-to provider for gaming operators looking to scale efficiently.
Major League Baseball and Sportradar announced a long-term extension and expansion of their decade-long partnership, set to begin with the 2025 season, aimed at unlocking the full potential of MLB’s data and audiovisual (AV) content while growing America’s pastime worldwide. As part of the agreement, MLB has acquired an equity stake in Sportradar, further solidifying the partnership between the two organizations and supporting future growth opportunities. Under the new terms, Sportradar, in partnership with MLB, will exclusively distribute MLB’s ultra-low latency official data, media content, including MLB Statcast Data, and AV content across its global client network, which spans 800 sportsbook clients and 900 media companies.
SYNOT Games has entered into a new partnership with Novibet in Brazil. This collaboration marks a significant milestone in SYNOT Games’ expansion into the burgeoning Brazilian iGaming market. This deal introduced Novibet’s players in the Brazilian region to an impressive portfolio of 85 premium games, including some of SYNOT’s most popular and highest-grossing titles such as Fruity Gold 243 and 100 Stunning Fruits. The launch comes at an exciting time for the Brazilian online gaming industry, which is experiencing rapid growth thanks to increasing player demand and favourable regulatory developments.
The post Gaming Americas Weekly Roundup – February 10-16 appeared first on European Gaming Industry News.
Gambling in the USA
Gaming Americas Weekly Roundup – February 3-9
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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
Governor Joe Lombardo has announced the appointment of Chandeni Sendall to the Nevada Gaming Control Board. Since 2015, Ms. Sendall has served as a Deputy City Attorney for the City of Reno, practicing in the civil division. Before her work in the Reno City Attorney’s Office, Ms. Sendall worked in civil and commercial litigation, served as an in-house legal intern for Caesars Entertainment, and clerked for the Honorable James W. Hardesty at the Nevada Supreme Court. While attending the William S. Boyd School of Law, Ms. Sendall served as the Editor-in-Chief of the UNLV Gaming Law Journal. Before her legal career, she served for several years as an Internal Auditor for Caesars Entertainment.
TheLotter US has send a reminder to customers to be vigilant against online phishing scams and fraudulent websites. With online lottery courier services growing in popularity, cybercriminals often target unsuspecting individuals with fraudulent emails and messages that falsely claim recipients have won a lottery prize. TheLotter Group’s announcement follows their fraud team’s discovery of phishing attempts, including several fraudulent websites impersonating the courier service’s platform.
The Pennsylvania Gaming Control Board has approved three consent agreements presented by its Office of Enforcement Counsel resulting in total fines of $282,205. The largest of the fines is $260,905 and was assessed against Interactive Gaming Operator BetMGM for 152 instances in which an individual on the Board’s Interactive Self-Exclusion List was permitted to gamble on their sites. Licensed operators of iGaming sites in Pennsylvania must deny individuals on the self-exclusion list from establishing or maintaining an interactive gaming site.
Zitro Digital has announced its entry into the newly regulated Brazilian iGaming market. With deep roots in Brazil, Zitro Digital is to bring its portfolio of in-house content to local players, marking a new chapter in the company’s long-standing connection with the country. Brazilian players can now enjoy a selection of Zitro Digital’s slots, including the popular series Fu Frog, as the company introduces its offerings to operators within the country. The move comes as part of Brazil’s ongoing efforts to create a regulated and secure online gaming environment for players, offering a responsible platform for gaming activities.
Partnerships
Everi Holdings Inc in an agreement with 1/ST, North America’s preeminent Thoroughbred horse racing and pari-mutuel wagering company, announced the launch of their new mobile app and wagering experience, Gulfstream Racing. The new Gulfstream Racing App is now available in the Apple App Store. This launch is part of Everi’s strategic expansion into Sports and Entertainment following its acquisition of Venuetize in 2023 and expands the company’s footprint in the horse racing segment. Gulfstream Racing will be a valuable companion app for guests seeking the premier hospitality experience that 1/ST provides.
Payflo Inc. has entered into a partnership with MoneyGram to deliver cash-in and cash-out payment solutions tailored for U.S. gaming, lottery and marker settlement, marking a first-of-its-kind milestone in the industry. Payflo and MoneyGram introduced a customer-driven solution—enabled by the simple integration of Payflo’s advanced payment processing technology with MoneyGram’s technology-powered, extensive network and trusted financial infrastructure.
The post Gaming Americas Weekly Roundup – February 3-9 appeared first on European Gaming Industry News.
Aaron Gomes
Revo Casino and Social House in Conway Holds Grand Opening
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Revo Casino and Social House in Conway, New Hampshire, has held its grand opening on Tuesday.
The Conway property is the latest addition to Revo’s growing presence in New Hampshire, joining locations in Dover, Lebanon, Manchester, and Keene.
Revo Casino and Social House’s new amenities include:
• Rebels: A bold dining experience with a full bar and great game-day energy. Revo’s signature restaurant serves up flavorful dishes like the Rebel Smash Burger, flatbread pizzas, and prime rib, making it the perfect spot to eat, drink and enjoy the action.
• Rebel Stage: Featuring live music every weekend.
• Revo Studio powered by iHeartMedia: An in-house broadcast center featuring live iHeart broadcasts. The studio also drives the Soundtrack of the Revolution, a curated music selection that sets the energy and vibe of the property.
Gaming Highlights: 75 thrilling casino machines, including Ultimate Fire Link Explosion, Huff N Even More Puff, and Devil’s Lock. Table games, including blackjack, roulette, and poker tables.
Speakers and guests at the event included Revo President Aaron Gomes, Executive Director of Mount Washington Valley Promotions Lisa DuFault, and the Mount Washington Valley Chamber of Commerce.
“It’s exciting to open Revo Casino and Social House and see the community’s enthusiasm for our gaming, entertainment and dining options. Beyond entertainment, Revo Casino and Social House will also support nonprofits across the Mount Washington Valley. We’re proud to be part of this community and contribute to its success,” said Gomes.
“This facility will make such an incredible difference for so many nonprofits in the Mount Washington Valley. The support that Revo Casino and Social House provides allows organizations like ours to better serve our communities and care for those in need. The impact is truly life changing,” said Lisa DuFault, Executive Director of Mount Washington Valley Promotions.
The post Revo Casino and Social House in Conway Holds Grand Opening appeared first on Gaming and Gambling Industry in the Americas.
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