Daily Archives: May 16, 2021

Michigan is becoming the benchmark by which online gambling operators are measuring their success. During the fewer than four months since Michigan launched iGaming, the states seen more than $280 million in revenue in that pair of verticals (online casino and online poker), according to numbers released today by the Michigan Gaming Control Board (MCGB).

That figure includes nearly $95 million in Michigans online gambling gross receipts in April. However, after deducting operators promotional costs like free play incentives that total shrinks to about $89 million.

The MCGB further adds that since launch on Jan. 22, Michigans online sportsbooks generated nearly $14 million, post-promo costs.

Perhaps in a sign that its taken longer for online sports betting to become lucrative, because Aprils revenue represented a large chunk of that change, at nearly $11 million. Or it could be due to the fact that Michigan is still seeing new operators enter the state. In todays announcement, the MCGB noted the lucky number of 13 operators.

The operator that continues to see the most revenue, BetMGM, was the benchmark Caesars Entertainment leaders used in order to decide to invest more in US online gambling. It no doubt feels validated by todays report of BetMGMs adjusted iGaming revenue approaching $37 million in April, leaving it at No. 1.

Caesars doesnt currently operate in the state under its own brand, but William Hill does and Caesars acquired that company in April. It will soon switch William Hills US operations over to its own brand.

Adjusted online gambling revenue seemingly only inched up during April, at $88.9 million vs. $88.7 million in March. However, its too early for Michigans market to plateau, so this warrants a deeper dive.

Once the MCGB removes promotional costs, Aprils daily average revenue from iGaming was$3 million. Thats noticeably higher than Marchs $2.9 million and Februarys $2.7 million.

While MGCB Executive Director Richard S. Kalm termed it a slight increase, its important to note that Aprils players had one fewer day to gamble than they did during March. Also, that daily was especially necessary to consider during Februarys 28 days.

Online gambling taxes and payments generated $17.8 million for Michigan in April, up from the prior months $17.3 million.

The online sports betting vertical fed $312,824 into Detroits city coffers, Michigans schools, economic development and tribal communities. That amount was lower than Marchs$535,930, which Kalm believes the state saw due to Michiganders excitement about March Madness.

Ever since Michigan launched online gambling, BetMGMs been the leader.

As its name implies, BetMGM is 50% owned by luxury retail casino and hotel brand MGM Resorts International. Entain is responsible for the other half.

Teamed with its namesake land-based casino, MGM Grand Detroit, BetMGM Casino generated an adjusted revenue of $36,813,468.11 during April. That far surpasses even its closest competitors FanDuel, the US market leader; and DraftKings.

BetMGMs total was more than 2.6 times greater than that of each member of the duo. FanDuel had more than $14 million in online gambling revenue during April and DraftKings generated slightly less.

Added together, the Big Three generated nearly $65 million in iGaming revenue during April, leaving the rest of the operators nearly $24 million in revenue in the dust.

In the end, BetMGM is 2.6 times ahead of its nearest competitors and the collective Big Three are outpacing revenue of the remaining operators by more than 2.7 times.

Unless Caesars succeeds at shaking up the revenue jar, this seems like a tale that may be repeated next month.

Meanwhile, the online casino that launched on April 23 Parx Interactive brought in $162,082.64 in adjusted revenue by April 30.

Michigans sports betting handle dropped more than 30% to $250 million in April, which Kalm credits to withdrawal symptoms from March Madness joy. Indeed, sports wagers during March had seen a 19.1% since February.

Analyzing the April blues via a daily average shows Michiganders bet$8.3 million a day on sports. During March, the day-to-day handle averaged$11.6 million. Aprils average even dipped below that of Februarys, which was $10.8 million.

As impressive as the handle is, Michigan sportsbook apps generated $10.88 million in revenue in April, after deducting promotional expenses.

From the Jan. 22 launch until April 30, online sports wagering gathered $20.38 million in total gross sports betting receipts. Part of the reason for that seemingly small number is that during January, Michigan saw negative sports betting revenue.

For more detail on the Michigan sports betting market, see the latest coverage at Legal Sports Report.

For iGaming aficionados, the table below provides a plethora of data. The dollar figures represent taxable revenue, which is adjusted to remove promotional costs.

Link:

MI Online Gambling Market Proceeds Straight Ahead In Its Third Month - OnlinePokerReport.com

Dreamstime/Andrey Popov

Ordinarily, its news when a new all-time record is set. When it comes to US iGaming revenue, however, its quite the opposite. The industrys growth is so consistent, its more remarkable when a state reports revenue that doesnt beat its previous best.

That is, unfortunately, the case with the latest revenue report from the New Jersey Division of Gaming Enforcement. Online casinos, poker rooms and sportsbooks in New Jersey all experienced a month of decline.

Total revenue for iGaming that is, online casino and poker amounted to $107.7 million in April, compared to $113.7 million in March. Sports betting both retail and online dropped from $60.8 million to $54.8 million.

Retail casino revenue was up slightly, in a reversal of last years pattern, but not quite enough to offset those other losses. Aggregate gaming revenue for the state across all channels and verticals amounted to $352.2 million, just a slight dip from $359.3 million in March.

Whenever theres a drop in revenue for a month with fewer than 31 days, thats something that has to be taken into account. In this case, however, the missing day isnt quite enough to explain the drop.

Taken together, online casinos and poker rooms in the Garden State averaged$3,591,654per day in April. In March, theyd averaged $3,666,748.Operators therefore took in $75,094 less per day in April, a decline of 2.0%, though less of one than is suggested by the 5.2%drop in the monthly total.

This is the first time the daily average has dropped in the state since July 2020, when the states retail casinos reopened after the first shutdown. That drop was a mere $8,085 per day, so this one is much more significant.

The reason is probably similar, however. Technically, capacity limits at casinos werent removed until early May, but New Jersey began vaccinating in December. With warm weather arriving and infections on the decline, its likely that state residents are spending more time in public places and with friends, and less time at home on their computers.

Other figures to note from the months overall numbers include:

The battle for market leadership in New Jersey isnt over yet. One story weve followed through the latter half of 2020 and early 2021 has been Borgata chasing Golden Nugget for the title of top license holder. Last month, Borgata got there, but Golden Nugget is now fighting back.

Borgata, which is home to its own brand as well as BetMGM Casino and Partypoker, tooka 9.3% dive in April, or 6.3% accounting for the shorter month. Conversely, Golden Nugget Online Casino with the help of Betfair, BetAmerica and PlaySugarHouse gained 2.1% on the month and 5.5% on the daily average.

The result is a deadlock. Whos ahead depends on whether you include poker, but the difference is basically a rounding error either way. Golden Nugget pulled in $32,426,981. Counting casino only, Borgata fell a hairs breadth behind, with a total of $32,062,127. However, its NJ poker rooms contributed $746,795 to give it the edge for overall iGaming.

Heres how the rest of the field is shaping up:

Online poker rooms had an even harder month than online casinos in New Jersey. Their revenue fell 10.9% on the month. Their daily average was a mere $80,218, a 7.9% drop from March, and just 2.2% of the total iGaming revenue for the state.

Performance for online casinos was nearly identical to that of total iGaming, simply because they account for so much of it. They averaged $3,591,654 per day, a drop of 1.9%.

The poor numbers for poker are due in part to a lack of significant tournaments. May should be better in that regard, since NJSCOOP is now underway. However, its been a rough year for online poker overall. It hasnt held on to its pandemic gains the way online casinos have, and New Jersey poker room revenue is down 53% year-on-year.

NJ sportsbooks brought in a total of $54,839,217 in April, a drop of 9.7%, or 6.7% correcting for the number of days in the month.

The losses were entirely on the online side. Retail books actually increased their revenue 74%, but even so the market total was less than online betting made on its own in March. Nor was it a matter of bad luck on outcomes. Hold actually increased from 7.1% to 7.3% and handle fell by 13%, and even greater margin than revenue.

Theres no mystery here, however. March is famously the most lucrative month for sports betting in the US, thanks to the NCAA basketball tournament known as March Madness. A drop in April is therefore the norm, even when the overall market trend is upwards.

You can read more about April sports betting revenue over atLegal Sports Report.

Here are the full numbers for all operators and verticals. Note that monthly changes are normalized. That is, they are corrected for the number of days in the month and reflect the change in daily average revenue, not the monthly total.

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NJ Online Gambling Down In April For The First Time In Nearly A Year - OnlinePokerReport.com - OnlinePokerReport.com

What are some of the latest trends that you are aware of in the gambling sector? The industry has been adopting some of the latest trends that make gaming better and enable them to provide the players with the services they need.

Many people have also developed a passion for gaming, making the online casinos in Portugal experienced a surge in the number of gamers. New entrants in the market make the existing companies apply better methods of tapping new customers and keeping the existing ones.

Due to covid 19 and lockdown, many people are now at home, and gaming has become part of them. The government restrictions have also seen the gamers reduce their visits to the land-based casinos.

What are some of the trends dominating the online gambling sector? We linked up with our top gamer Victoria Oliveira (check profile), who shared some of the casino trends that are dominating the sector. Here are the hot gambling trends in Portugal.

Most of the gamers were born in an era where cash transactions were the order of the day. They were using traditional methods of transactions to access vital services from the online and physical service providers. But that changed with time due to innovation. Today, there are many options, such as the use of credit/debit cards and direct bank transfer.

There are casinos that have gone as far as accepting the use of cryptocurrency. Players only need a crypto wallet to transact to the casinos hence convincing them, unlike the traditional methods that required them to fulfil lots of procedures.

Crypto transactions also guarantee complete anonymity, thus proving to be among the most reliable and safe methods of transacting. Unfortunately, the earlier forms had loopholes that made it easier for cybercrime to take place.

You no longer have to travel to your nearest land-based casino to play your favourite game. Innovation has made it possible for gamers to download the apps of their favourite gaming sites, allowing them to access the gaming services they need from anywhere.

The game developers have created mobile applications compatible with the mobile operating system, making it convenient for gamers to access the games. Availability of mobile apps and mobile compatibility are some of the features that experts use to rank various Portuguese online platforms listed on https://casinoportugal.online/.

Do you know of a perfect method of preventing a third party from accessing your data online? The internet has been a great solution provider, especially to problems affecting humanity. However, its no longer a haven for the majority of the people.

Many cybercriminals are after the users data and funds. They have various mechanisms that they use to make their mission successful. For instance, some use malware, others use phishing methods to steal from unsuspecting users.

Fortunately, the online casinos in Portugal have put better measures such as end-to-end data encryption methods to prevent the users data from access by the third party.

Blockchain technology ranks among the top online gambling technology that will change the majority of things in various industries. Apart from powering crypto transactions, its also helping in other ways, for instance, it eliminates various forms of fraud.

Gamers currently enjoy transparency at the casinos because all the loopholes that could have been used by fraudsters have been sealed. That encourages them to play more with confidence.

In the past, gamers were enjoying traveling to the land-based casinos that were near them. They had the privilege of interacting with other gamers from their studios. It also allowed them to share their gaming experience with the other players.

But, that became impossible while gaming at the online casinos in Portugal. Fortunately, through innovation, there are currently many live dealer games that make it possible for the players to interact with the dealers when they are in their game studios. Some of the live dealer games include blackjack, baccarat, and video poker.

Above are some of the hot trends that you should not miss if you are an ardent gamer, as they are what makes gaming exciting today. If you plan to invest in the Portugal gaming industry, dont hesitate because the casino trends are making the industry better daily.

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Hot Trends in Portugal: Online Gambling and Casinos - Scoop Byte

Online casinos are known for offering lucrative bonuses. You can get these bonuses when playingslots, roulettes, poker, blackjack, and all other kinds of casino games online.

The section below talks about the most common bonuses available on online casinos. Remember, the names of these offers might vary from one online casino to another.

Welcome Bonus

As its name suggests, this bonus type is offered to players when they sign up on a casino website. Some other terms used for a welcome bonus are a sign-up bonus, new player bonus, etc. A welcome bonus is typically a 100% match up to a specific amount. Heres an example of how this works:

The welcome bonuses can be as low as 50%, while there are also websites that offer a welcome bonus of 500%. However, it would be wise if you check the terms and conditions carefully whenever a website offers a welcome bonus of 200% or more than that. Thats because such offers often come with various restrictions that might create issues when withdrawing your bonus amount.

No Deposit Bonus

Casino players can get a no deposit bonus without the need of depositing any amount from their pocket. This offer is mostly used by newly launched casinos for getting players to join the platforms without risking their own money.

No deposit bonuses come with a series of restrictions. For instance, players need to deposit a certain amount from their pocket before they are allowed to withdraw their no deposit bonus. Additionally, the casinos also impose certain game restrictions and wagering requirements on the beneficiaries of no deposit bonuses.

Monthly Bonus

Unlike welcome bonuses, the value of monthly bonuses is usually not remarkably high. Additionally, on most casino websites the amount will vary depending on your playing frequency and performance.

Payment Method Bonus

Youll get to choose from a series of transaction methods when adding money to or withdrawing funds from online casinos. Online casinos might want users to use a particular mode of payment. So, they offer bonuses to users who choose to use that payment method. On most occasions, these bonuses are offered to people using e-wallets for depositing or withdrawing money.

High Roller Bonus

To encourage players to deposit bigger amounts and play more frequently, online casinos often offer bonuses to individuals making bigger deposits. Players who make big deposits are referred to as high rollers, while the bonuses they receive are called high roller bonuses. The other terms used for referring to the high rollers are whales and VIPs. These people also often receive tickets to top sporting events as perks from online casinos.

Free Spins

Some other terms used for free spins are welcome spins, extra spins, cash spins, bonus spins, and so on. On most occasions, players need to meet certain wagering requirements for winning free spins. However, there are also casino websites that allow novices to enjoy free spins without imposing any wagering requirements on them. Some casinos even offer free spins along with welcome bonuses.

Final Words

Casino bonuses are the most widely used tools for getting players to deposit funds on online casinos and keep playing. While bonuses allow casinos to get more active players, they also offer several benefits to the players. Online casino players can utilise the additional money for playing their favourite games for a longer duration.

Ideally, you should read through the terms & conditions of an online casino carefully to comprehend the exact advantages youll be getting in the form of various bonuses. Reading through the terms & conditions will help you to know the wagering requirements youll need to meet, whether the bonuses are available for players irrespective of their location, and more.

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Different Types of Bonuses Available on Online Casinos - The Jerusalem Post

Introduction: Global Casino and Gaming MarketThe report provides a detailed summary as well as a consistent estimation of accurate profits over the forecasted time frame. It also provides a comprehensive summary, as well as a fair price and revenue predictions (at the global level) for each player over the forecasted timeframe. The quantitative analysis provides a vital microscopic view of the industry in order to determine the manufacturers footprint by improving an understanding of global revenue and costs of manufacturers, as well as their performance, over the forecasted timeframe. Leading and prominent players in the global keyword market are narrowly evaluated on the basis of key factors in the studys industry overview section.

Competitor Profiling: Global Casino and Gaming Market

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The Casino and Gaming industrys theme, which appears at market intervals, provides an absolute description of leading rivals in terms of the weightlessness of their product concept, corporate outline, and business strategy. The research examines the characteristics of the target market, as well as recent developments and patterns, industry opportunities, growth rates, sector expansion strategies, and emerging technologies. The Casino and Gaming industry study, on the other hand, provides production levels, market size, and supply and demand trends.

Unraveling Segmentation and Scope of the Global Casino and Gaming Market

Analysis by Type:

Analysis by Application:

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The Casino and Gaming market study is planned using PESTEL, SWOT, primary and secondary testing methodologies, and sound analysis methods. Key product offerings, company history, key data, risk assessments, marketing and distribution strategies, product development, latest developments, and new product releases, analysis and advancement, and a variety of business activities are all covered in the Casino and Gaming report. Furthermore, the Casino and Gaming industry report details key trends, business dynamics, risks and rewards, components, and challenges in the global market, using various figures and graphs to provide a clearer picture of the Casino and Gaming market.

Regional Coverage of Global Casino and Gaming Market North America (U.S., Canada, Mexico) Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS) Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific) Latin America (Brazil, Rest of L.A.) Middle East and Africa (Turkey, GCC, Rest of Middle East)

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In addition, the global Casino and Gaming market research study looks at the number of different products and services available, as well as consumer behavior and market opportunities in a range of regions around the world. The Casino and Gaming study includes a comprehensive report of the worlds top service providers. The Casino and Gaming research includes systematic SWOT analysis, a risk-return analysis, and a predictability analysis. Traditional utilities, as well as marketplace plans, are included in the Casino and Gaming report to help determine the global consumer environment. Sector-specific qualitative and quantitative detail, as well as revenue and user spending figures, are all covered in the global Casino and Gaming market study. The Casino and Gaming market research also identifies the key continents, as well as the profiles of major market participants and their respective economies.

Table of Contents Chapter One: Report Overview 1.1 Study Scope1.2 Key Market Segments1.3 Players Covered: Ranking by Casino and Gaming Revenue1.4 Market Analysis by Type1.4.1 Global Casino and Gaming Market Size Growth Rate by Type: 2020 VS 20281.5 Market by Application1.5.1 Global Casino and Gaming Market Share by Application: 2020 VS 20281.6 Study Objectives1.7 Years Considered

Chapter Two: Global Growth Trends by Regions 2.1 Casino and Gaming Market Perspective (2015-2028)2.2 Casino and Gaming Growth Trends by Regions2.2.1 Casino and Gaming Market Size by Regions: 2015 VS 2020 VS 20282.2.2 Casino and Gaming Historic Market Share by Regions (2015-2020)2.2.3 Casino and Gaming Forecasted Market Size by Regions (2021-2028)2.3 Industry Trends and Growth Strategy2.3.1 Market Top Trends2.3.2 Market Drivers2.3.3 Market Challenges2.3.4 Porters Five Forces Analysis2.3.5 Casino and Gaming Market Growth Strategy2.3.6 Primary Interviews with Key Casino and Gaming Players (Opinion Leaders)

Chapter Three: Competition Landscape by Key Players 3.1 Global Top Casino and Gaming Players by Market Size3.1.1 Global Top Casino and Gaming Players by Revenue (2015-2020)3.1.2 Global Casino and Gaming Revenue Market Share by Players (2015-2020)3.1.3 Global Casino and Gaming Market Share by Company Type (Tier 1, Tier Chapter Two: and Tier 3)3.2 Global Casino and Gaming Market Concentration Ratio3.2.1 Global Casino and Gaming Market Concentration Ratio (CRChapter Five: and HHI)3.2.2 Global Top Chapter Ten: and Top 5 Companies by Casino and Gaming Revenue in 20203.3 Casino and Gaming Key Players Head office and Area Served3.4 Key Players Casino and Gaming Product Solution and Service3.5 Date of Enter into Casino and Gaming Market3.6 Mergers & Acquisitions, Expansion Plans

About Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

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Casino and Gaming Market Global Analysis 2021-2028: Betfair Online Casino Games, Delaware Park, Galaxy Entertainment, City of Dreams Manila, Boyd...

There are many things that you have to make sure before then you decide to join one of the specific Situs Daftar Slot Online No.1. One of the things you have to make sure is about legal certainty and also reviews of the online slots website. You should and should join a site that is legal and also has an official license. This is very important to do so that you can feel safe and comfortable in playing. If you can get safety and comfort, then you can get great benefits and you can get them.

Lots of slot gambling betting games are actually a lot of choices for slot gambling agent sites available on the internet and some of them even exist in Indonesia. However, we also need to be able to find out about some important information including suggestions for us to join one of the official and legal site choices. These suggestions are of course based on several facts related to the advantages and disadvantages offered.

The earliest and most basic question you should be able to answer is about the reasons why you should play on a legal site. There are certain reasons why you should play on a site that really is them. If you play on a legal site, then there are many advantages that you can get, in fact, some of the benefits referred to are as follows:

Play easily and safely Will not be rigged Play with focus and seriousness Can be more challenging Dont hesitate

For example, you are recommended and recommended to join one of the official and legal site choices, of course, because there are definitely many advantages. Some of the advantages mentioned above are actually just examples because besides that there are many other benefits available. You can take advantage of all the advantages and ease of playing on one of the official slot betting agent site choices.

There are many benefits that we can get from playing online slot gambling with legal slot agents, one of which is that you can gain confidence by playing online slot gambling at any time, so you are not afraid not to be paid by the online slot agent site.

Besides that, usually legal online slot agents have many of the best services so that we can be served like playing in a casino with a professional and also very fast and precise transaction speeds so that we can play slot gambling properly and safely.

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Reasons to Play Official Online Slot When Gambling Online - Chiang Rai Times