Canada
PlayPennsylvania.com: Sportsbooks, online casinos post near-record September
Betting volume at Pennsylvania’s online and retail sportsbooks in September was the second-most all-time for the state, nearly hitting $580 million for just the second time. A spike in interest was inevitable during the first full month of football, but the surge in both sports betting and online casino gambling — which produced more than $110 million in revenue — is indicative of an industry that continues to grow and mature, according to PlayPennsylvania, which tracks regulated online gaming and sports betting in the state.
“Nothing stirs the sports betting drink like football, even when the Steelers and the Eagles get off to slow starts,” said Katie Kohler, analyst for PlayPennsylvania.com. “Penn State made a difference in boosting interest, which certainly helps. The bottom line is every sportsbook wants a strong start to the football season, and that is exactly what Pennsylvania’s industry got in September.”
Pennsylvania’s online and retail sportsbooks drew $578.8 million in wagers in September, according to official data released Tuesday. September’s volume was up 25.1% from $462.8 million in September 2020 and up 66.1% from $348.5 million in August.
Gross sports betting revenue nearly hit an all-time high, falling just short of the record $49.3 million in revenue generated in January. Operators generated $48.1 million in gross revenue in September, up 163.2% from $18.3 million in September 2020 and up 90.1% from $25.3 million in August. That created $28.3 million in taxable revenue, generating $10.2 million in state taxes and local share assessments.
Growth has been relentless since legal sports betting launched in Pennsylvania in 2018, and it has only accelerated this year. Through the first nine months of 2021, bettors have placed $4.3 billion in wagers, or 45.6% of the $9.4 billion wagered in Pennsylvania since sports betting opened in November 2018. Operators have generated $340.4 million in gross sports betting revenue this year on those bets, or 47.0% of the $724.5 million in revenue produced since sports betting began.
“Pennsylvania’s sportsbooks are in a position to generate more in wagering this fall than the $1.5 billion that was bet in all of 2019,” said Dustin Gouker, analyst for the PlayUSA.com Network, which includes PlayPennsylvania.com. “The industry will in all likelihood continue to grow in the months ahead, gaining steam in October with baseball’s postseason and the opening of the NBA season. Sports betting should produce some eye-popping numbers over the next few months.”
Online sportsbooks accepted $527.4 million in wagers in September, representing 91.1% of the state’s total handle. FanDuel claimed 34.8% of the online market with $183.7 million in wagering, up from $135.7 million in August. Revenue rose to $21.2 million in September from $5.7 million in August, which produced $5.0 million in state and local taxes. DraftKings was second with $164.7 million in wagers, capturing 31.2% of the online market. Those bets yielded $5.1 million in gross revenue.
Penn National’s Barstool-branded app celebrated its first anniversary by attracting $52.8 million in wagers in September, the third-most in the state. Those bets produced $2.6 million in gross revenue. Since launching in September 2020, the Barstool app has generated $52.9 million in revenue on $647.7 million in bets.
The online leaders were followed by:
- BetMGM ($50.7 million handle, up from $28.4 million in August; $5.6 million GGR, up from $2.6 million)
- BetRivers ($19.8 million handle, up from $13.2 million; $3.0 million GGR, up from $882,274)
- Fox Bet ($15.2 million handle, up from $8.6 million; $1.2 million in GGR, up from $749,103)
- SugarHouse ($13.5 million handle, up from $10.3 million; $1.2 million in GGR, up from $692,350)
- Parx Casino ($12.0 million handle, up from $6.4 million; $1.0 million GGR, up from $713,282)
- Unibet ($7.3 million handle, up from $4.2 million; $511,171 GGR, up from $307,601)
- TwinSpires ($3.5 million handle, up from $2.3 million; $307,518 GGR, up from $147,448)
- Caesars ($2.4 million handle, up from $1.2 million; $219,829 GGR, up from $73,785)
- Betway ($1.0 million handle; up from $617,954; -$23,818 GGR, down from $18,818)
- Wind Creek ($921,828 handle, up from $521,601; $57,873 GGR, down from $78,195)
“Barstool hasn’t quite achieved the ‘world domination’ that founder Dave Portnoy proclaimed with the app launched, but it has performed well,” Gouker said. “No operator has seriously challenged the dominance of FanDuel and DraftKings yet. But Barstool has at least proven to be an important player in Pennsylvania.”
Retail sportsbooks drew $51.3 million in wagers in September, up from $48.7 million in September 2020 and from $30.4 million in August. Those wagers created $7.2 million in gross sports betting revenue, up from $5.1 million September 2020 and $3.3 million in August. Rivers Pittsburgh topped the retail market with $7.9 million in bets, topping Rivers Philadelphia’s $7.1 million handle.
Online casinos and poker
Online casinos and poker rooms produced $111.8 million in gross gaming revenue, the second-most all time in Pennsylvania and the seventh consecutive month with gross gaming revenue over $100 million. September’s revenue was up 61.3% from $69.4 million in September 2020 and up 8.4% from $103.2 million in August. The monthly revenue record for online casinos and poker is $113.8 million, set in May.
The win was whittled to $97.8 million in taxable revenue, which yielded $41.7 million in state and local taxes. Wagering at online casinos hit $3.5 billion in September, up from $3.2 billion in August.
“Online casinos have a symbiotic relationship with online sportsbooks,” Kohler said. “When sportsbooks do well it tends to lift the fortunes of online casinos, and vice versa. We saw that in action in September.”
Other highlights from September:
- Online casino and poker rooms generated $3.7 million in gross gaming revenue per day over the 30 days of September, up from $3.3 million per day in August.
- Penn National, which includes the DraftKings, BetMGM, Barstool, and Hollywood casinos, topped the market with $43.0 million in gross revenue. Rivers Philadelphia, which includes SugarHouse, Borgata, and BetRivers casinos, was second with $31.1 million.
- Poker generated $2.9 million in revenue. Mount Airy/PokerStars topped operators with $2.0 million in revenue.
Play’n GO, the world’s leading casino entertainment provider, has today announced a partnership with Canadian operator Loto-Québec, launching the Swedish gaming giant’s games into another Canadian province.
Already active in another Canadian province , this partnership sees Play’n GO’s content available in the province of Québec exclusively with Loto-Québec, a state-owned corporation, where online players now have access to titles such as Tome of Madness.
Magnus Olsson, Chief Commercial Officer, Play’n GO said: “At Play’n GO, we have always been clear in our vision to be active in every regulated market in the world, and this partnership with Loto-Québec is the next step on that journey.
“Our past success in Canada gives us confidence that players in Québec will enjoy the best Play’n GO content, and we look forward to many years of success with Loto-Québec in the province.”
Stéphane Martel, Head of Product and Innovation at Loto-Québec added: “As the sole iGaming operator in Québec, we pride ourselves on offering titles that truly add value to our platform, lotoquebec.com. We are happy to bring Play’n GO games to our players.”
iGaming Ontario has welcomed the decision of the Ontario Superior Court, which found that iGaming Ontario’s model is consistent with the Criminal Code and that iGaming Ontario is conducting and managing igaming in the province.
“We have always been confident in our model and are pleased that the court has ruled in our favour, and that Ontarians can continue to play with confidence in our regulated igaming market,” said Martha Otton, Executive Director of iGaming Ontario.
“Ontario’s model meets the requirements and contributes to the public good by protecting players, their data and their funds, while helping to fund priority public services in Ontario, and bringing well-paid, high-tech jobs and economic development to Ontario,” Otton added.
In dismissing the application brought forward by the Mohawk Council of Kahnawà:ke (MCK), the Superior Court found that iGaming Ontario is the “operating mind” behind Ontario’s competitive igaming market in accordance with the conduct and manage requirements of the Criminal Code.
iGaming Ontario will continue to conduct and manage igaming as it has since the launch of the regulated market on April 4, 2022.
Bragg Gaming Group
Bragg Gaming Appoints Renowned iGaming Executive Neill Whyte as Chief Commercial Officer
Bragg Gaming Group, a global iGaming technology and content provider, announced that Neill Whyte has been appointed as Chief Commercial Officer (CCO), effective 1st May 2024, establishing a new global commercial structure at the Company and bolstering its leadership team.
Whyte brings over 18 years of experience in the iGaming sector, most recently in the role of Chief Commercial Officer at Digital Gaming Corporation’s (DGC), B2B iGaming Division. After joining DGC in early 2020, he was responsible for the commercially successful launch and growth of its content distribution business in the US.
Prior to joining DGC, Whyte held multiple positions in the gaming industry including as Head of Business Development at Isle of Man-based iGaming specialist Apricot Investments, as Board Member at Swedish iGaming product and Lottery content distributor Genera Networks, and in various senior roles over eleven years at leading iGaming content supplier Microgaming, including as Head of Product Channels.
In his new role with Bragg, Whyte will be tasked with leading the Company’s global commercial teams to drive growth across all of the Company’s product verticals which include proprietary online casino content from its Atomic Slot Lab, Indigo Magic and Wild Streak Gaming studios, exclusive content from content partners, HUB a leading casino content aggregation platform, Fuze player engagement, as well as its award-winning player account management (PAM) platform and turnkey solutions.
Matevž Mazij, Chief Executive Officer at Bragg, said: “I am very pleased to be announcing today the appointment of Neill Whyte as Chief Commercial Officer at Bragg. His iGaming product and market knowledge, together with his record in driving growth from developing successful and mutually beneficial commercial partnerships are exceptional.
“As we leverage our broad content and product portfolio to grow in existing and new markets, including in the United States, Canada, Latin America and Europe, Neill’s unique combination of knowledge, skills and experience in this sector are a perfect fit for our ambitions at Bragg.”
Neill Whyte, Chief Commercial Officer at Bragg, said: “It’s an honor to join Matevž and the wider teams at Bragg already in place across North America, Europe and in India. I have been impressed with the depth and quality of the content, product and technology offerings at Bragg, and its ability to rapidly adapt, certify and deploy this content and technology in newly regulated markets is a distinct advantage.
“We also have a huge opportunity to grow our footprint with our existing customers in markets in which we are already established. Our content and product roadmaps are second to none, and I’m planning to get on the road in the coming weeks and months to meet the team and our customers and to start building for the next stage of mutual growth. I can’t wait to get going.”
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