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July 19, 2023

Pennsylvania gambling revenue records tumble in 2022-23

Pennsylvania set a series of new gambling revenue records during the 2022-23 fiscal year, while the state also reported year-on-year growth in June.

Total gambling revenue in 2022-23 reached $5.51bn, according to the Pennsylvania Gaming Control Board (PGCB). This was an all-time high for the state, beating the previous record of $5.04bn set in 2021-22 by 10.0%.

Retail slots were the main source of revenue by some margin. The $2.45bn generated was 1.7% ahead of last year and the second-highest annual total in history, behind $2.48bn in 2011-12.

However, land-based table games revenue slipped 4.1% year-on-year to $974.0m.

Read the full story on iGB North America

July 18, 2023

Delaware igaming spend slips to year-low in June

Consumer spending on online gambling in Delaware fell to a calendar year-low of $37.9m in June, although sports betting handle improved month-on-month.

June’s igaming spend was 8.3% higher than $35.0m in the same month last year but 14.3% behind the $44.2m bet in May 2023.

Online video lottery accounted for $23.9m of all spend, while players also wagered $14.0m on table games.

Revenue from igaming during the month amounted to $1.1m. This was up 35.9% year-on-year but 8.3% lower than $1.2m in May.

Read the full story on iGB North America

July 17, 2023

NJ gambling revenue up 13.9% year-on-year in June

Gambling revenue in New Jersey increased 13.9% year-on-year in June, although the state experienced a month-on-month decline.

State-wide revenue for the month amounted to $457.2m. This was up from $401.5m in June of 2022 but 13.9% down from $401.5m in May this year.

Land-based gambling remained by far the primary source of revenue during the month. This area of the market generated $241.6m in revenue, 5.4% more than last year.

Slots accounted for $183.0m of all land-based revenue, a rise of 7.0%, while table games revenue climbed 0.9% to $58.1m.

Read the full story on iGB North America

July 7, 2023

Maverick Gaming appeals tribal sports betting lawsuit dismissal

Cardroom operator Maverick Gaming has filed an opening brief in the United States Court of Appeals, as part of an ongoing challenge into what it views as a tribal sports betting monopoly in the state of Washington.

It was filed for the Ninth Circuit.

In January 2022, Maverick Gaming filed a lawsuit in the US District Court for the District of Columbia.

Read the full story on iGB North America

June 29, 2023

Nevada gambling revenue reaches $1.29bn in May

Gambling revenue in Nevada in May amounted to $1.29bn, a slight decline on the previous year but a month-on-month increase of 11.2%.

Revenue in the state was 0.8% lower than $1.30bn in May 2022 but ahead of the $1.16bn generated in April this year.

Slots remained by far the primary source of revenue for operators, drawing $877.9m worth of revenue, up 0.9% year-on-year. Multi-denomination slots accounted for $501.3m of this total, with penny slots generating $285.9m.

Revenue from table, counter and card games slipped 4.4% to $411.2m, with declines across almost all gambling types.

Read the full story on iGB North America

June 21, 2023

PA gambling revenue continues to rise in May

Gambling revenue in Pennsylvania increased both month-on-month and year-on-year in May to reach a total of $479.4m.

Revenue was 7.1% ahead of $447.8m in May of 2022 and also 0.6% higher than $476.7m in April this year.

Land-based slots remained the primary source of revenue by some distance, generating a total of $210.9m during the month. This was 2.5% more than in the same month last year.

In contrast, retail games revenue declined 7.8% year-on-year to $81.6m.

Read the full story on iGB North America

June 20, 2023

NJ gambling revenue continues to rise in May despite land-based declines

Gambling revenue in New Jersey increased month-on-month and year-on-year during May despite the state’s land-based market experiencing further declines.

Total revenue for the month amounted to $470.9m, which was 9.4% ahead of $430.6m in May 2022 and 1.8% higher than $462.7m in April of this year.

Land-based gambling remained the primary source of revenue at $227.3m, but this was down 2.4% from $227.3m last year.

Within the retail sector, slots revenue slipped 0.8% to $172.9m, while table games revenue also fell 7.3% to $54.4m.

In terms of internet gambling, revenue increased by 18.7% year-on-year to $161.4m. Online slots revenue jumped 19.0% to $159.1m, while peer-to-peer poker also edged up 1.7% to $2.4m.

Read the full story on iGB North America

June 1, 2023

Nevada gambling revenue edges up year-on-year in April

Gambling revenue in Nevada increased 2.7% year-on-year in April to $1.16bn, but the state also reported an 11.5% month-on-month decline.

Revenue was higher than $1.13bn in April 2022 but down from the $1.31bn posted in March of this year.

Slots were again by far the primary source of revenue for the state, generating $837.9m for the month, up 4.2% year-on-year. This included $464.5m from multi-denomination slots and $275.9m from penny slot games.

However, revenue from table, counter and card games, including sports betting activity, fell 0.8% to $321.8m.

Read the full story on iGB North America

May 18, 2023

PA gambling revenue reaches $476.7m in April

Gambling revenue in Pennsylvania climbed 3.3% year-on-year in April but fell short of the monthly record set in March.

Total market revenue for the month amounted to $476.7m, up from $461.6m in April 2022 but 7.5% lower than the record $515.3m in March of this year.

Land-based slots, the primary source of revenue for the state, declined 2.2% year-on-year to $213.0m. Retail table games also slipped 7.8% to $84.4m.

In contrast, online casino gaming revenue jumped 21.3% to $137.2m. Internet slots revenue was up 24.7% to $95.6m and igaming tables revenue climbed 16.1% to $38.9m, although ipoker revenue slipped 7.0% to $2.7m.

Hollywood Casino at Penn National retained top spot with $58.5m in total igaming revenue. Valley Forge Casino Resort was second with $31.2m, then Rivers Casino Philadelphia on $26.1m.

Read the full story on iGB North America

May 17, 2023

NJ gambling revenue up 9.5% in April despite slots decline

Gambling revenue in New Jersey increased 9.5% year-on-year in April despite a drop in slot machine win, the state’s primary source of gaming revenue.

Total revenue for the month reached $462.7m, up from $422.5m in April 2022 but 5.1% behind the $487.4m generated in March of this year.

All areas of the market experienced year-on-year growth, with the exception of land-based slots where revenue fell 3.2% to $169.7m. Retail table games revenue edged up 2.9% to $61.8m, but the slots decline meant total land-based revenue fell 1.6% to $231.5m.

Read the full story on iGB North America

April 27, 2023

What’s covered in the Gambling Act white paper?

After years of delays and speculation, the most transformative review of gambling in the United Kingdom in 18 years has finally been published.

The publication of the Gambling Act review white paper signifies a landmark upheaval of how gambling will be regulated in the UK going forward, in an age of smartphones and 24/7 internet access.

To say the review has been much anticipated would be an understatement. Industry trade bodies, operator groups and industry critics alike have waited eagerly for the white paper’s publication.

It has been an eventful two years and four months since the UK government announced the review – one that has encompassed the resignations and appointments of two prime ministers, the declaration of a cost of living crisis and Russia’s invasion of Ukraine.

While the white paper document outlines much of what the industry expected, it contains a few unexpected additions – including the addition of a gambling ombudsman, to give customers one point of contact for..

April 19, 2023

Pennsylvania gambling revenue exceeds $500m for the first time in March

Pennsylvania set a new record in March after monthly gambling revenue surpassed $500.0m for the first time, while igaming revenue also reached an all-time high.

Revenue for the month reached $515.3m, up 11.4% from $462.7m in March 2022 and also 12.8% ahead of $456.8m in February of this year.

Retail slots accounted for almost half of all gambling revenue for March, with the $225.4m generated during the month being 5.0% ahead of the previous year. However, revenue from retail table games slipped 8.9% to $85.9m.

To read the full story visit iGB North America

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Tag: Casino