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PlayPennsylvania.com: Sportsbooks, online casinos post near-record September

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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.

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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:

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  • 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.”

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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.
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British Columbia Lottery Corporation

SCCG Management Signs Contract with British Columbia Lottery Corporation

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SCCG Management has signed a contract with the British Columbia Lottery Corporation (BCLC), the B.C. Crown corporation which conducts and manages commercial gambling in the province, including lotteries, casinos, and online gaming. This partnership aims to undertake a comprehensive assessment and strategic enhancement of BCLC’s diverse operations.

The work between SCCG and BCLC will involve a thorough review of technological infrastructures, strategic market positioning, and the integration of various gaming modalities. SCCG’s extensive expertise will be pivotal in harmonizing BCLC’s online and physical gaming experiences.

Stephen Crystal, Founder and CEO of SCCG Management, said: “Our collaboration with BCLC represents a remarkable opportunity to push the boundaries of innovation within the gaming industry. We are committed to deploying our resources and expertise to enhance BCLC’s operational efficiencies and customer engagement strategies. It’s an honor to partner with an organization that has a robust impact on the community through its support of public initiatives.”

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AGCO

AGCO Requires Ontario Gaming Operators to Stop Offering WBA Bets Due to Integrity Concerns

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The Alcohol and Gaming Commission of Ontario (AGCO) has mandated all Ontario-registered sportsbook operators to halt offering and accepting wagers on World Boxing Association (WBA) events immediately. This measure is being taken to protect the Ontario betting public following concerns that WBA-sanctioned boxing matches are not adequately being safeguarded against match-fixing and insider betting.

Since December 2023, the AGCO has been conducting a comprehensive review of suspicious wagering activity on a WBA-sanctioned title fight between Yoenis Tellez and Livan Navarro that was held in Orlando, Florida. Suspicious betting patterns on the bout lasting over 5.5 rounds were reported to the AGCO by two registered independent integrity monitors and detected in Ontario by a registered igaming operator. Media reports also alleged that Tellez’s Manager placed $110,000 on the match lasting longer than 5.5 rounds at a Florida casino. The bout ended with Tellez knocking out Navarro in the 10th round.

Following an intensive review that included outreach to the WBA, Ontario-registered gaming operators, independent integrity monitors, and regulators in other jurisdictions, the AGCO has concluded that bets related to WBA events do not currently meet the Registrar’s Standards for Internet Gaming.

The AGCO requires all Ontario-registered gaming operators to ensure the sport betting products they offer are on events that are effectively supervised by a sport governing body. At a minimum, the sport governing body must have and enforce codes of conduct that prohibit betting by insiders.

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Registered gaming operators were unable to demonstrate to the AGCO that the WBA prohibits betting from insiders, which could include an athlete’s coaches, managers, handlers, athletic trainers, medical professionals, or others with access to non-public information. Further, registered gaming operators were unable to demonstrate that the WBA took any action to investigate or enforce the allegations of potential match-fixing and insider wagering.

The AGCO has indicated to registered operators that in order for WBA betting products to be reinstated in Ontario, operators must demonstrate that the WBA effectively supervises its events, thus bringing them into compliance with the Registrar’s Standards. In December 2022, the AGCO required gaming operators to stop offering bets on UFC events for similar issues related to insider betting safeguards. Within a month, UFC amended its policies and implemented new protocols that allowed the AGCO to reinstate betting on UFC events in the province.

“Ontarians who wish to bet on sporting events need to be confident that those events are fairly run, and that clear integrity safeguards are in place and enforced by an effective sport governing body. Knowing the popularity of boxing in Ontario, we look forward to reinstating betting on WBA events once appropriate safeguards against possible match-fixing and insider betting have been confirmed,” Dr. Karin Schnarr, Registrar and CEO of AGCO, said.

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Andrew Cochrane Chief Business Officer of GiG

GiG increases Ontario market presence, powering the launch of Casino Time

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Gaming Innovation Group Inc. (GiG), has announced the launch of Casino Time, powered by its award winning iGaming platform and pioneering real-time rules engine LogicX, with revolutionary sportsbook, SportX soon to follow, to further extend its footprint in the regulated Canadian province of Ontario.

The launch of Casino Time carries extra significance, marking only the second time that on-demand, regulated online Bingo has been made available in Ontario. The new Bingo product vertical, launched alongside a strong Casino offering, will be boosted by GiG’s new sportsbook, SportX, as part of a planned release later this year.

GiG has focused its solutions on driving exponential growth in revenue for operators with its highly scalable iGaming platform, offering localised third party content and leading suppliers for the Ontarian market. GiGs peerless gamification layer creates an optimised and immersive casino experience tailored to regional preferences, swelling client retention and player engagement.

Canadian owned and operated, Casino Time is a joint venture amongst leading retail operators in Ontario’s Charitable Gaming sector, delivering Bingo, Slots and Live Dealer Casino Games. Promising a personalised service and community experience, Casino Time is continuing its long-standing partnership with local charities, introducing its joint fundraising model into the iGaming space for the first time.

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Now coming towards the end of its second year of licensed operations, Ontario has emerged as one of the largest iGaming markets in North America, second only to New Jersey according to data supplied by Vixio. The first and as yet only Canadian province to launch a regulated market, Ontario boasts more than 1.6 million active player accounts spread over 40 plus operators, generating €1.3 billion in Gross Gaming Revenue (GGR) in its first year of trading, with this data supplied by iGaming Ontario.

Andrew Cochrane, Chief Business Officer of GiG, said: GiG continues to set the pace with a strong cadence of brand launches in 2024, and I’m pleased that when operators are seeking platform solutions in regulated markets, GiG is leading the pack. Our partnership with Casino Time, will help deliver something new and exciting to the Ontarian market, and further helps to demonstrate the flexibility of our solutions, adapting to match the regional aspirations of our partners to deliver growth.

D’Arcy Stuart, CEO of Casino Time, said: “We are thrilled to partner with GiG as the core technology provider of our iGaming platform. Their powerful suite of player engagement tools, as well as diverse content and regulatory integrations, underpin our ability to serve and delight our player community. Our hybrid online and offline customer network, as well as unique bingo offerings, will drive exciting opportunities as the platform and the marketplace continues to grow.”

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