Canada
New Jersey sportsbooks surge with another historic month
New Jersey’s sportsbooks capitalized on an unprecedented confluence of major U.S. sports to set yet another all-jurisdiction record with nearly $750 million in September. And with the record, the Garden State’s handle year-to-date has surpassed the first nine months of 2019, a remarkable trajectory considering major sports were shut down for months, according to PlayNJ.
“September was a once-in-a-lifetime moment on the sports calendar when all four major U.S. sports were playing meaningful games all at once, which was obviously a boon for sportsbooks,” said Dustin Gouker, lead analyst at PlayNJ.com. “The growth seen over the last two months will likely level off once the sports schedule returns to normal. But it’s clear New Jersey’s sports betting industry is setting a new floor.”
Wagers at New Jersey’s online and retail sportsbooks soared to $748.6 million in September, up 68% from $445.6 million in September 2019 and easily surpassing the all-jurisdiction record of $668 million set by New Jersey just last month. New Jersey sportsbooks have now collected $3.3 billion in bets through the first nine months of 2020, up from $2.96 billion through the corresponding months in 2019.
The state’s sportsbooks have now collected $9.1 billion in wagers since the industry launched in June 2018, surpassing yet another milestone.
September’s bets produced $45.1 million in gross operator revenue, up 14.1% from $37.9 million in September 2019. Those revenues yielded $5.6 million in state taxes.
In August, New Jersey generated nearly $200 million more than Nevada’s $474.9 million handle, and appears poised to outpace the nation’s No. 2 market significantly yet again. New Jersey’s sportsbooks took in a whopping $159.5 million in football bets in September. But bettors also placed another $208.3 million on “other” sports, a classification that includes hockey, $115.3 million on baseball, and $98.8 million on basketball.
“Bringing all the major sports together at once enabled New Jersey to show off its unique ability to attract significant action on a wide variety of sports,” Gouker said. “New Jersey is less event-driven and football commands a smaller share of the overall handle than Nevada, which is an obvious benefit under the current circumstances.”
Online bets accounted for 90.7%, or $678.7 million, of September’s handle. That was up from 90.1% in August and 84% in September 2019. FanDuel Sportsbook/PointsBet topped the market with $25.1 million in gross revenue, up from $17.6 million in August. FanDuel was followed in revenue by:
- Resorts Digital/DraftKings/Fox Bet ($4.8 million, down from $10 million in August)
- BetMGM/Borgata ($3.7 million, up from $3.3 million)
- Ocean Casino/William Hill ($2.3 million, up from $1.2 million)
- Monmouth/William Hill/Sugarhouse/TheScore ($2.3 million, up from $1.7 million)
- Hard Rock/Bet365/Unibet ($947,986, up from $530,136)
- Golden Nugget/BetAmerica ($168,391, up from $41,851)
- Tropicana/William Hill ($109,185, up from $51,948)
- Caesars Sportsbook/888sport ($244,974, up from -$41,648)
Struggling retail sportsbooks showed modest improvement, generating $69.8 million in bets, up from $66 million in August. FanDuel Sportsbook at The Meadowlands once again topped retail books with $3.1 million in revenue.
“September’s results hint at a $1 billion month someday soon, which would’ve been impossible to fathom two years ago,” said Eric Ramsey, analyst for PlayNJ.com. “As we can see with Unibet’s recent launch, online sportsbooks will continue to be where we see growth and where operators will continue to invest.”
Online gambling eyes $950 million for 2020
New Jersey online casinos and poker rooms continued their place as the industry’s most consistent performer in September with a near-record $87.6 million in revenue, up 113% from $41.1 million in September 2020. September’s revenue injected $13.2 million into state coffers, giving New Jersey $103 million in taxes from online casinos and poker so far this year.
Now the industry has a bigger number in sight — $950 million in annual revenue.
Through the first three quarters of 2020, online gambling has generated $685.6 million, up 102.2% from $339 million through the first nine months of 2019. The industry would have to average $88.1 million per month, only a slight uptick, over the final three months of 2020 to reach $950 million for the year.
“Nearly $1 billion in revenue is a staggering figure to think about, and every dollar has been vital in keeping New Jersey’s gaming industry afloat during a difficult year,” Ramsey said. “The growth in online revenue has begun to flatten after a spring surge, but the importance of online gambling to the overall health of the industry continues to grow.”
Some other highlights from September’s report:
- Online casinos and poker generated $2.9 million a day over the 30 days of September, breaking the record $2.83 million a day produced in August.
- Revenue from online casinos alone was $85.1 million, up from $84.7 million in August.
- Online casino games have now generated $2.01 million in revenue since launching in November 2013.
- Online poker produced $2.6 million in September revenue, down from $3 million in August.
- The Golden Nugget’s market dominance continued with $26 million in September, down from $27.7 million. Borgata was second with $19.8 million.
For more information and analysis on regulated sports betting and online gaming in New Jersey, visit PlayNJ.com/news.
About the PlayUSA.com Network:
The PlayUSA.com Network is a leading source for news, analysis, and research related to the market for regulated online gaming in the United States. With a presence in over a dozen states, PlayUSA.com and its state-focused branches produce original daily reporting, publish in-depth research, and offer player advocacy tools related to the advancement of safe, licensed, and legal online gaming options for consumers. Based in Las Vegas, the PlayUSA Network is independently owned and operated, with no affiliations to any casino — commercial, tribal, online, or otherwise.
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Canada
SkillOnNet Extends Content Deal with IGT PlayDigital™ for Ontario Market
Online gaming powerhouse SkillOnNet has today announced that IGT PlayDigital content will now be available to its customers in Ontario, further bolstering the platform’s comprehensive games portfolio in one of the most exciting, regulated jurisdictions.
SkillOnNet has one of the most diverse casino offerings in the industry and this latest deal will mean that the company will continue its strategy of providing the best possible casino solutions to its partners in Ontario.
Players in Ontario, at SkillOnNet powered casinos like PlayOJO, SlotsMagic and SpinGenie, will now have access to popular IGT PlayDigital games such as Cleopatra Legacy, Double Gold and the popular Prosperity Link video slots.
Jani Kontturi, Head of Games at SkillOnNet, said: “We’ve earned a reputation for putting our customers first and it’s imperative that we continue to provide them with a breadth of content that will give their players the most choice and access to games of the highest quality.
“IGT PlayDigital games have already proven successful in other markets that we’re in and we’re very confident that we’ll see the same results in Ontario.”
Caesars Digital
Games Global launches Garden of the Gods Gold Blitz™ exclusively with Caesars Digital in three North American jurisdictions
Partnership reaches another milestone with latest bespoke content collaboration
Games Global today announced the release of Garden of the Gods Gold Blitz in Michigan, Pennsylvania, and Ontario, the latest bespoke title created from the provider’s partnership with premier gaming operator Caesars Digital.
Garden of the Gods Gold Blitz is now live on Caesars Palace Online Casino in Michigan, Pennsylvania, and Ontario, with plans to soon launch in the New Jersey jurisdiction. This title offers players another highly engaging, operator-specific gaming experience that is taken to another level with the integration of the Gold Blitz mechanic.
“We are thrilled to see the next stage of our partnership with Caesars Digital come to life in the shape of Garden of the Gods Gold Blitz,” said Walter Bugno, Chief Executive Officer at Games Global. “Players can immerse themselves in a game as majestic as Caesars Palace’s iconic Garden of the Gods Pool Oasis, and with the added dimension of the hugely popular Gold Blitz mechanic, we are confident we have created another hit.”
“Garden of the Gods Gold Blitz is an exciting example of our commitment to collaborating with the best gaming providers in the industry to deliver custom gaming experiences for our players,” said Matthew Sunderland, Senior Vice President and Chief iGaming Officer at Caesars Digital. “The Gold Blitz mechanic has already established a tremendous reputation, and incorporating such an engaging feature in our next release will only maximize excitement for players.”
To celebrate this launch, Caesars Digital will be offering Garden of the Gods Gold Blitz players a chance to win a luxurious cabana experience at the iconic Garden of the Gods Pool Oasis at Caesars Palace.
Channeling the divine energy of Olympus, Garden of the Gods Gold Blitz boasts electrifying features, including Instant Cash Collection, Wild Multiplier Free Spins, and an expansive 4,096 ways to win. Each spin builds excitement with the chance to unleash shimmering cash symbols, offering random awards up to 20 times the bet. Triggering the Blitz feature on reels 1 or 6 allows players to collect all visible cash and jackpot symbols, with prizes reaching up to 2,500 times the bet.
Destiny is placed in the hands of each player courtesy of the Bonus Choice feature. The feature provides up to 30 Free Spins with high-paying symbols, and multiplier wilds up for grabs, or up to seven Gold Blitz super spins, ensuring guaranteed cash collection. For those eager to dive into the divine action, the Bonus Buy option allows immediate access to these bonus rounds.
The launch of Garden of the Gods Gold Blitz follows hot on the heels of the release of Caesars Palace Frenzy in April 2024, the first bespoke game launch as a result of the partnership between Games Global and Caesars Digital that will see the creation of additional exclusive titles for online casino players.
Bragg Gaming Group
Bragg Gaming Appoints Robbie Bressler as Interim CFO
Bragg Gaming Group announced the appointment of Robbie Bressler as interim Chief Financial Officer, effective July 1, 2024.
Bressler brings a wealth of experience to the role, previously holding senior finance positions, including SVP Finance, at Bally’s Corporation, Gamesys Group plc, and The Intertain Group Ltd. He is currently serving as CFO of ForumPay Ltd., a crypto payment processing company. He began his career at Ernst & Young, where he spent over a decade in their financial services assurance group.
“We are delighted to welcome Robbie to the Bragg team as interim CFO. His deep expertise in finance and accounting, coupled with his extensive experience in the gaming industry, make him the ideal person to lead our finance function,” Matevž Mazij, Chief Executive Officer and Chair of the Board, said.
“I am excited to join Bragg at this pivotal time in the Company’s growth trajectory. Bragg has established itself as a leader in the global gaming technology and content space, and I look forward to working with the talented team to continue driving the Company’s financial performance, and further unlocking shareholder value,” Bressler said.
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