Casino News and Analysis
Pennsylvania, New Jersey and Michigan iGaming Markets Still Growing
Financial figures are in for February from the PA, NJ, and MI gambling commissions so let's start off this week's digest taking a look at which online casinos are leading the way in each market.
In PA, iGaming revenue is still growing with figures for Feb 2021, four times the amount for Feb 2020, with online gaming up 299.1%. As expected, online slots were the biggest draw and revenue makers in PA, with DraftKings and BetRivers Casinos leading the way in popularity.
While the NJ market revenue shows signs of slowing down (compared with January’s 2021 revenue), it still represents a marginal year-on-year growth from 2020 (up from $287.3m to $288.3m). Breaking this down across iGaming and Sports Betting, and iGaming is still growing at break-neck speed (up to 80% on Feb 2020’s figures) and with Golden Nugget Casino the top-ranking casino brand in this market.
And lastly, revenue figures are in for Michigan. As a new gambling market, there are no 2020 figures to use and compare revenue to, but the MI market is off to a flying start, and in its first ten days of legal gambling, the state cleared $47.3m. Figures are now in for February, which shows a 171.8% increase in January (note that MI opened online casinos in the last month of January). Thus far in Michigan, BetMGM leads the way as the most popular casino and sportsbook.
Unibet Launches Gamban on US platforms: Safer Gambling.
This month’s hot topic is problem gambling as it is a responsible gambling month in the USA. Continuing the streak of awareness and campaigns from operators, NGOs, and other iGaming stakeholders, this week, Kindred Group (Unibet Casinos) has integrated British software, Gamban onto its US platforms. Gamban and Kindred have a long-standing relationship, and the software is already integrated with Kindred’s European platforms. Gamban is the first interstate casino exclusion software to be used in the USA.
New York Senate Moves Approves New Budget with Betting Taxes Included
The New York senate has been busy this week finalizing and passing the 2021-22 state budget, including operator licensing fees, tax structure, and projections for sports betting revenue. This comes as part of NY’s proposed changes to gambling laws to allow mobile sports betting.
CT Governor Confirms Online Gambling Amendment in Mashantucket Pequot Compacts
Last week we brought you the news that CT Governor, Ned Lamont, had formed an agreement with Connecticut’s Mohegan Tribe, which would facilitate new online gambling regulations in the state. This week brings more good news, as Lamont has finalized agreements with CT’s Mashantucket Pequot Tribe, and amendments to the MP Tribe’s gaming compact have taken place. This was the final hurdle for Lamont in creating a new licensing and regulatory environment in CT and paves the way for online betting in the state.
Slots of the Week
Pop: Big Time Gaming. RTP: 96.54%.
First came Donuts, then Chocolates, and now Pop, the third installment of BTG’s 4x4 reel series. Going against the grain, this title comes with 256 fixed ways to win (BTG are the creators of Megaways™, which piloted reel and symbol modifiers that change the number of ways to win per spin), royal spins, wild balloons, multipliers, and up to 66,960x your stake in prizes!
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