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Category Archives: Online Casino
The online casino industry is hitting the market by storm – Kulture Hub
Posted: September 24, 2021 at 10:46 am
The online casino industry has been growing exponentially in the past few years. Research shows that the market is due to see a compound annual growth rate (CAGR) of almost 12% in the period 2021 2026, with online betting set to be the fastest-growing segment of the market.
The barriers to entry into the market have been greatly reduced by advance in technology and legislative changes in markets such as the US, which are starting to become more similar to legislation in Europe, Canada, and the UK, where online casinos are already big business.
With such a heavily saturated market, online casinos are looking to offer more and more to their customers, and prospective customers, to attract and retain players.
Amongst the many tools at their disposal, such as welcome bonuses, daily rewards, and VIP clubs, a large number of online casinos have blended the convenience of the online world with the thrill of live games by introducing live dealer games, also known as Live Casino.
A live casino offers players the opportunity to experience the feel of a real, brick-and-mortar cas ino without leaving their homes. Players will play against real people and be able to see a real dealer dealing the cards, and enjoy all the excitement that comes from human interaction.
The dealer is a real person, set up in a studio with video cameras, and the game is broadcast over the internet, allowing the player to play in real-time and ask questions, and place bets.
The concept of live casinos goes back to the 1990s but failed to take off in any meaningful way, primarily because the technology was not keeping pace with ideas and desires.
Even in the mid-2000s when technology had come on leaps and bounds when compared to the 1990s, most online gaming was limited to PCs and unreliable dial-up connections.
Even though the online gaming industry has a reputation for trailblazing and pushing new technology forwards, players and operators were not prepared to deal with the issues they faced, and the idea of a live casino was shelved, and quickly replaced with the shiny new offerings of simple interfaces and slinky slot machines.
However, the advent of the smartphone made the idea of live casino possible once more, as it offered the required connectivity and streaming capability not seen previously, and further advances in technology, in particular the live chat function which allowed players to chat in real-time, made live casino a reality.
This elevated online casino from a game to an experience and is a (not so) secret weapon that many operators use to have an advantage over their competition.
Live Casino runs the risk of feeling staged and inauthentic, but operators have invested heavily into ensuring that all the glitz and glamour of a casino translates over the airwaves and into the players device.
Cameras are placed strategically, providing different angles of the dealer and the table, as well as a backdrop, and players can zoom in on the table, recreating the views that players would get if they were actually in a casino.
The state-of-the-art cameras and lenses mean that players can see the cards being shuffled, and the ball as it spins round the roulette wheel.
Players can play all their favorite games, and flit from game to game at their will, without having to worry about finding a spot on a table, or waiting for one to open up, as live casinos will have far more available tables than a bricks and mortar casino.
Poker is possibly the most popular game at live casinos, as it is fun and exciting, and live casinos are able to recreate the tension of the game.
Players can still enjoy the side bets available, the different variants of poker, and progressive jackpots, without having to worry about secondhand smoke, wanting a drink, or having to tip the dealer. It really is the best of both worlds.
As well as poker, Baccarat, Blackjack, and Roulette are also popular games.
Some players are inherently distrustful of random number generators (RGNs), and having a real dealer they can see shuffling and dealing the cards means they have more trust in the game, and play more. Additionally, as well as the dealer, there is a whole production team behind the scenes able to intervene if there are any problems and to ensure that iGaming is safe and fair for all involved.
Players feel more connected to others and less isolated when they can see and interact with a real person. Whilst it is not the same as sitting face to face with another person, the chat functionality and being able to see the dealer offers an immersive gaming experience.
The dealers are trained professionals and are engaging and personable. Players can also interact with other players, forging life-long friendships.
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Online Casinos vs. Land-Based Casinos: Which is Better? – Casino.Org News
Posted: at 10:46 am
Online casinos have skyrocketed in popularity. With the pandemic forcing people to remain at home, they have offered much needed entertainment, as well as a replacement for the real, land-based thing.
Now that land-based casinos have thrown open their doors once again, the fight between online and brick-and-mortar casinos has begun.
Can the land-based casinos wrestle back their share of the market? Or will online casinos continue to dominate the landscape?
Inthis post well be looking at both types of casinos and the pros and cons ofeach, to help you decide which is the best option for you.
Online casinos have been around since the 1990s and now dominate the industry, attracting many more players than their land-based counterparts.
Huge bonuses regularly handed out to playersUnbelievable selection of gamesYou can play anywhere using a mobile device
Often a solitary experience Lacks the excitement of a real-life casino setting
Therecan be no argument about the type of casino offering the larger variety ofgames.
Online youll find thousands of slots and hundreds of table games, as well as tons of game variations, allowing casino fans to play any game they can think of.
Many players also love the option that you can play for free, so you can experience the buzz, without risking any cash.
You dont even need to move from your seat to find them all can be accessed with a couple of clicks of the mouse or tap of a finger.
Anotherhuge advantage to online casinos is the bonuses. These can be giant, oftendoubling, or even tripling, deposits.
You wont find anything touching them at a land-based venue. Expect complimentary drinks, and thats about it, at most offline casinos.
Addthe convenience, high security, and multiple payment options into the mix, andits clear to see why online casinos are preferred by most keen gamblers.
Land-based casinos are found all over the world, from the glitzy lights of Las Vegas to the small backstreets of cities throughout the globe.
Most casinos dont just offer gambling, as they also provide various facilities, including restaurants and bars.
Highly social, all-round entertaining experienceBars and restaurants often offeredMany casinos also have hotelsLots on offer for non-gamblers too
Not as many games as online casinos Can be an expensive night out as you will need to tip staff
Whenyou think of casinos, the glamorous venues in Vegas usually spring to mind.However, you probably wont need to head there to get the casino experience, asthere are venues dotted throughout the world.
These range from small casinos with only slots to huge complexes with loads of games, hotels, incredible restaurants and more.
Its possible to have a fantastic time at a land-based casino without gambling at all, which is why theyre a popular attraction for many people looking to visit with friends or family.
Land-based casinos offer a fun, social experience. Unlike at online casinos, youll get to meet other players and dealers face-to-face, as well as chat to your bartender or waiter.
Another reason live casinos are popular is it gives you a reason to dress up and make and event of it. Lots of places have a strict casino dress code, so you should always check any requirements before you go.
While you wont receive many bonuses at casinos, you will often get comps rewards for playing such as free drinks.
Spend enough and you could get some huge rewards, such as free hotel rooms or the services of a casino host.
Itmight sound like were sitting on the fence, but the honest answer to which isbest is it depends.
Some players prefer the huge selection of games and the privacy of online casinos, while others want to combine gambling with a social experience at land-based casinos.
The best way to see which is best for you? Try them both!
When youre looking to sign-up with an online casino, make sure you check out our reviews first. All the casinos we recommend are properly licensed and therefore completely safe to use.
Any casinos we dont find to meet our strict security requirements will be placed on our notorious blacklist of casinos to definitely avoid.
So, go and visit both an online and land-based venue to find out which is best for you!
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Online Casinos vs. Land-Based Casinos: Which is Better? - Casino.Org News
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The Growth of Free Casino Slots During the Pandemic – Californianewstimes.com
Posted: at 10:46 am
Free casino slots were always a popular entertainment option for gamers worldwide. Once the pandemic hit all of us, online services and solutions experienced enormous growth. The same goes for free slots. It appears that people really dig into online slots, especially if they are free. Covid lockdowns had millions of people in their homes with lots of spare time on their hands.
They had plenty of options and thousands of things they could do. However, many decided to choose online slots over other things. What could be the reason for this trend? Stay with us as we analyze the success of online casino slots during the pandemic.
Premium gaming experiences are often locked behind a paywall. Players either have to buy a title or pay costly monthly subscriptions to be able to experience the gameplay. Free online slots are just as the name implies free. Every player worldwide can hop on and play them without spending money and as long as they want to.
Even the newest titles that arrive on the market are free. There is no time limit either. Players can invite their buddies and play any of the available free casino slots. The number of new slots continuously increases, which is another factor that contributes to their popularity. Given that the pandemic financial blow hit millions worldwide, having access to free entertainment proved valuable.
Being stuck at home sounds like a wonderful idea. However, after some time, people find it not fun at all. In their efforts to kill time and have at least some fun, they do many things online games included. Given that these are free slots, trying them as a source of fun doesnt entail any costs. Many players also grow very fond of them because they pack a lot of fun.
Free slots look modern. Take House of Fun slots for instance. They are built on cutting-edge technologies, feature modern graphics and great sound effects. Most importantly, they offer different playstyle to players. People can gain experience, level up, turn it into a social event, and unlock various achievements and rewards.
There is one more factor we have to consider in order to understand the growth of free slots convenience. We are already a year and a half into the pandemic. People are becoming more tired. Exercising caution slowly takes its toll, and people cant be bothered with things that are too complex. Enter free slots, which are the synonym for convenience.
If you decide to try one of these games, you literally dont have to do anything but play it. There is no installation, setup, or updates. You just start it up, play it, and close it whenever you want. You can play free slots from the convenience of your home, while commuting, or on vacation far away from home.
People in lockdown have limited access to devices. When the entire family is at home, everyone uses a personal device. There are not a lot of options. Unfortunately, many games are locked into one ecosystem. You can either play on a console, PC, or mobile device. Modern free slots use web technology which makes them playable on all devices.
Whether you want to play a free slot on a smartphone, tablet, PC, or that old sturdy laptop of yours, you can do it. Their minimal requirements are ridiculous compared to other games, and they can run perfectly even on outdated devices.
Finally, when you have all the time in this world to play games, one game can easily become boring. Even the best graphics, music, sound effects, and game mechanics tend to become boring after hours spent playing. Free online casinos offer so many things (as explained in this article). One of those things is the variety of games.
You can choose from hundreds of games. Each one of them features unique graphics, sound effects, and game mechanics. Developers have added progression systems enabling players to level up, earn items, and share them with their friends to add to the variety.
Taking all of these factors into account makes it easy to understand the growth of free online slots during the pandemic. They are completely free, can be played from any device whether at home or on a move, and there are so many of them. People went through a lot during the pandemic, and free slots provided what they needed to blow off some steam, have fun, and experience something new.
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The Growth of Free Casino Slots During the Pandemic - Californianewstimes.com
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Rush Street Interactive Is Shortlisted As ‘Sportsbook of the Year’ & ‘Casino Operator of the Year’ At The SBC Latinoamrica Awards 2021 -…
Posted: at 10:46 am
COLOMBIA, Sept. 23, 2021 /PRNewswire/ --Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), which operates the RushBet brand in Colombia and the BetRivers and PlaySugarhouse brands in the U.S., has been recognized for its ground-breaking achievements by being shortlisted for three awards at the SBC Latinoamrica Awards 2021.The Chicago based gaming and betting company was nominated as 'Sportsbook of the Year', 'Casino Operator of the Year' and 'Sponsorship of the Year' for its Everton Football campaign.
"Colombia is where we first launched our award winning sportsbook onRushBet.co becoming the first regulated U.S online gaming operator to launch sports betting in Latin America," said Richard Schwartz, CEO of RSI."This regulated gaming market is so important to our company and key to our long-term international success. To be selected for our work in this region is a tribute to our talented Colombia team's continued commitment to innovation to ensure players enjoy an exciting and high quality entertainment experience."
"We are so honored to have been shortlisted by our peers, especially across a broad spectrum of categories," said Omar Calvo, GM of RSI Colombia."Our online casino and sportsbook has really been welcomed by bettors here and these nominations are because of the collaborative spirit of our entire team here in Colombia and across the globe.As the world watches Latin America continue to grow as a gaming and sports betting industry leader, RSI is thrilled to be recognized as a pioneer and top performer in this market."
A judging panel from the "cream of the industry" will select the winners who will be announced on October 28, 2021.The awards ceremony, part of the SBC Summit Latinoamrica, will be held in Miami, Florida and bring together some of the most influential industry leaders working in the Latin American gaming space.
RSI COO, Mattias Stetz, will be a speaker at the Summit.
About RSI
RSI is a trusted online gaming and sports entertainment company focused on regulated markets in the United States and Latin America. Through its brands, BetRivers.comand PlaySugarHouse.com, RSI was an early entrant in many regulated jurisdictions and is currently live with real-money mobile, online and/or retail operations in ten U.S. states: Pennsylvania, Illinois, New Jersey, New York, Michigan, Indiana, Virginia, Colorado, Iowa and West Virginia. RSI is also active internationally, offering its online casino and sportsbook in the regulated gaming market of Colombia onRushBet.co. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 in Chicago by gaming industry veterans, RSI was named the 2020 Global Gaming Awards Digital Operator of the Year and the 2021 EGR North America Awards Casino Operator of the Year, Customer Services Operator of the Year and Social Gaming Operator of the Year. RSI is committed to industry-leading responsible gaming practices and seeks to provide its customers with the resources and services they need to play responsibly. For more information, visitwww.rushstreetinteractive.com.
Investors:[emailprotected]
SOURCE Rush Street Interactive
http://www.rushstreetinteractive.com
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The Future of Online Gambling in India – The News Minute
Posted: at 10:46 am
With the outbreak of the COVID-19 pandemic and the mandatory lockdown, the gambling industry has experienced positive out-turn.
ByGeorge Lewis
Naturally, gambling is a fun-filled sensation, and almost everyone is susceptible to its influence. But in India, gambling is a highly complex topic. However, Indians have been participating in gambling activities casually, with family, friends, and colleagues in different places around the cities and during festivals.
With the outbreak of the COVID-19 pandemic and the mandatory lockdown, the gambling industry has experienced positive out-turn. Digital entertainment became the only form of entertainment, and the participation of Indians in mobile gaming, online gambling, and sports betting increased substantially.
Technically, in the stance of the law, gambling is illegal in the whole country of India. The laws regarding the legalization of gambling brought about complications in the Indian gambling industry. However, some states have rules that allowed gambling activities. The legalization in few Indian states has opened up a new world to gambling in the territory. Hence, the future of online gambling in India is now something to evaluate and anticipate.
Given the complexities in the laws and regulations regarding the gambling industry in India, it is tough to look forward to a promising future in online gambling. Since the very beginning, gambling in India has had a highly complex history around it. So, it does not surprise anyone that the country does not have a well-structured gambling industry.
The Gaming Act of 1867 is still operational in the gambling sector of India, and it prohibits the activities of gambling houses. While in some other states like Sikkim, Goa, Daman, and Diu, land-based gambling has been legalized. The complexities of the legislation stem from the fact that the law changes with different states. The government is more lenient towards games of skills than games of luck, like poker and horse betting.
However, various changes and more acceptance of gambling in recent times indicate that the online gambling industry might have a future even in India. The different indications of this ideology are highlighted below;
With the coronavirus outbreak, the online gambling industry has gained popularity among many Indians, as many turned to their mobile devices for fun activities. The population of Indians and the percentage of people joining the online servers continue to be significant because of the ease of access to the internet.
The game developers are contributing immensely to the growth in the market as they continue to create games that the people love. Popular native games like Teen Patti, Jhandi Munda, and Andar Bahar have also been adapted and developed into mobile and online gambling games, and punters can play for real money.
The best casino sites for real money now ensure they integrate games from the industry's top software developers. Players now have many options, which means casinos must be on their toes to provide varieties of games in their portfolios.
Technological advancement to the gambling industry is one of the main factors that has given rise to the future of online gambling in India. One central point to note is the availability of smartphones, tablets, and PCs at affordable rates. That has given people access to online gambling sites from the very comfort of their homes.
Another significant contribution is the availability and affordability of internet data. The current news in the market regarding internet data access is the 5G network. The 5G technology is the fastest broadband cellular network. It will allow faster access to the internet, and players can enjoy online games with a faster network.
Also, the Augmented reality and Virtual reality is another technological advancement that lets players enjoy the games as if they are physically present at the gaming centre.
The gambling industry in India accounts for over 15% of the world's online gambling traffic. It was a 2020 report, which considered the effect of the erstwhile coronavirus pandemic.
Currently, in India, the popularity of online gambling is increasing among all age groups. Approximately 80% of the local population participates in gambling at least once a year. The industry has also been estimated to grow by 41% by 2024.
Moreover, India has been positioned among the top gaming software developers for global markets from previous performances. Also, more Indian gaming companies have been consistently contributing to the development of games in the worldwide markets.
The future of online gambling in India is looking very bright. Legislations that are much more comprehensive and clearer might be introduced as soon as possible once the government of India identifies the potential in this industry. Complete laws will help the government manage the industry, create social awareness, and reduce technicalities.
Tax opportunity is another factor for consideration by the government. Rebuilding the economy from the negative impacts of The government to help rebuild the economy from the negative impacts of the pandemic is crucial, and contribution from the gambling industry won't be a bad idea. We, therefore, look forward to a colossal boom in the gambling industry in India!
This is a partnered article and views expressed in this article are the authors own and not that of The News Minute.
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How Has Online Gambling Changed in The United States – Business MattersBusiness Matters
Posted: at 10:46 am
However, the US online gambling landscape has changed over the last few years; heres how.
Online gambling has been around since the 1990s in the UK, but its been a lot more complicated in the US. Legislation for online gambling in the USA was drafted in the late 1990s and introduced to the Senate but never passed. In the early to mid-2000s, an extension to the Federal Wire Act and the introduction of the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) tightened rules around gambling. Although the UIGEA didnt outright ban gambling, it prohibited financial firms from processing payments to and from US gambling websites.
However, in 2010, New Jersey passed bill S490 and became the first state to legalise online poker, casino games, and slots. Since then, other US states have followed, legalising various forms of gambling, but theyre still few and far between.
When we speak about online gambling in the UK, we generally refer to all types of online gambling, all of which are legal. However, in the United States, online gambling is split into several categories; sports betting, casino gaming, poker, and daily fantasy sports, each of which may or may not be legal depending on the state.
At the time of writing, online sports betting has been widely adopted by US states, including Colorado, Delaware, Washington DC, Illinois, Indiana, Iowa, Michigan, Mississippi, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Puerto Rico, Rhode Island, Tennessee, Virginia, Washington, and West Virginia too.
Meanwhile, traditional online casino gambling is only legal in states such as California, Delaware, Illinois, Indiana, Iowa, Michigan, Nevada, New Hampshire, New Jersey, Pennsylvania, Rhode Island, and West Virginia. Online poker is accepted in fewer US states, but daily fantasy sports are widely available across the country, excluding a few states.
As we stated earlier, online gambling has been around in the UK since the 1990s. The online gambling industry in the UK is heavily regulated by an organisation known as the UK Gambling Commission, and it is one of the biggest and most successful regulated markets in the world. The Commission works to protect players and offer safe and equal gambling opportunities. Since the United States is so large and rules for online gambling vary state by state, there isnt one main gambling regulator; there are several organisations and agencies.
Sports betting and traditional online casino gaming remain the most popular gambling activities in the UK with literally thousands of operator websites to choose from, and both types of activities have become popular in the US states that have legalised them, with sports betting proving to be the more enjoyed activity.
Both countries use similar technology and, depending on the US state, offers the same type of games and activities. The main difference is that the UKs online gambling industry is miles ahead in its regulation of gambling and its availability, diversity in websites and games, and safety.
The landscape of online gambling is changing. Several US states have legalised various forms of online gambling over the last few years, and some states in the country are currently holding discussions to legalise gambling. The most recent has been Arizona, which allowed online sports betting earlier this month.
We believe that more US states will legalise online gambling activities, following in the footsteps of those that have already legalised most online gambling and have experienced tremendous success. We dont think the USA will ever beat out the UK in terms of gambling regulation, but we wouldnt be surprised if the USA eventually becomes one of the biggest gambling markets in the world. If it does, it may take some time.
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Habanero Online Casino Titles to Go Live with Betway’s Ghana Operation – Casino News Daily
Posted: at 10:46 am
The studio announced Wednesday that it has inked a content supply deal with Betway, the major international online gambling operator that is owned by Super Group.
Under the terms of this new deal, Habaneros suite of titles will soon become available to Betways players in Ghana via the Betway Africa operation. The agreement between the games maker and the operator covers the formers hit titles Wild Trucks, Hot Hot Fruit, and Egyptian Dreams, among others. They will all soon become available in Ghanas iGaming market.
Betway Africa is Betways Africa-facing gaming and sports betting brand. The operation is available across multiple regulated African markets, including Uganda, South Africa, and Kenya.
Habanero said that entering the Ghanaian digital gambling market with Betway marks a significant milestone for the studio in its expansion in the region. Ghanas online gaming space is second only to Nigeria in West Africa in terms of annual revenue and number of players. The market first opened in 2006.
The iGaming studio further noted that its partnership with Betway Africa will prove to be a decisive move forward in its continued growth across the continent and its regulated landscape.
Of their latest important announcement, Habanero Head of Business Development Arcangelo Lonoce said that this new partnership is crucial to their penetration in Africas regulated space and that they see the continents highly dynamic market as a truly promising area for Habanero to continue to grow in.
Mr. Lonoce went on to note that now as they are live in Ghana, they cannot wait to start rolling out their games to more and more players than ever before.
Kwabena Oppong-Nkrumah, Head of Marketing at Betway Ghana, said that Betway has always seen Africa as a distinctive market and one where the operator can grow exponentially, and that thanks to their new deal with Habanero, they can now strengthen their leading position with the studios hugely exciting titles.
Habanero this week celebrated another important milestone as it strengthened its existing partnership with Spanish gambling powerhouse Codere to launch its content with the operator in Spains regulated iGaming market. The studio debuted its games in the country earlier this year after obtaining the necessary certification in the spring of 2020.
It was also not long ago when Habanero unveiled a partnership with online gambling operator 7bet to expand its exposure in Lithuania and the Baltic region.
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Habanero Online Casino Titles to Go Live with Betway's Ghana Operation - Casino News Daily
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Philippines to Use Offshore Gaming Tax Revenue to Fund Universal Health… – Casino.Org News
Posted: at 10:46 am
Posted on: September 23, 2021, 08:55h.
Last updated on: September 23, 2021, 02:14h.
Philippines President Rodrigo Duterte has signed legislation that will greatly revamp the distribution of tax revenue generated by offshore gaming.
The president yesterday signed Republic Act 11590, which modifies the tax structure levied on Philippine Offshore Gaming Operators (POGOs). The effective five percent tax rate on gross gaming revenue (GGR) remains, but where those funds are allocated has been amended.
Effective immediately, 60 percent of POGO tax money remunerated to the government will be set aside for the countrys Universal Health Care program. Signed in February of 2019 by Duterte, the Universal Health Care Bill sets the foundation to guarantee that every Filipino has equitable access to quality and affordable health care goods and services regardless of their financial well-being.
Another 20 percent of the POGO tax haul will be used to update and improve medical facilities throughout the nation. The remaining 20 percent will be set aside for sustainable development goals.
The Philippines Department of Finance reports that POGO tax revenue in 2019 totaled PHP6.42 billion (US$128 million).
The POGO regulatory overhaul changes how such gaming taxes are used. It also makes sure all foreign workers employed in the internet casino industry are paying their fair share of taxes.
The legislation signed this week by Duterte mandates that workers share 25 percent of their personal income with the government. The tax levy applies only to those making PHP600,000 (US$11,923) or more in a 12-month period. Employees earning less than nearly $12,000 a year are required to submit a PHP12,500 (US$250) monthly tax payment.
This is a part of our effort to tightly regulate all kinds of gambling, said Dutertes spokesperson Harry Roque.
All people employed by a POGO must be registered with the Philippine Amusement and Gaming Corporation (PAGCOR), and obtain a tax identification number from the Philippines Bureau of Internal Revenue. POGOs that employ people who dont adhere to the tax requirements face steep penalties.
All foreign employees of offshore gaming licensees and their service providers, regardless of nature of employment, shall have a tax identification number. All offshore gaming licensees and service providers that employ or engage a foreign national without the foregoing shall be liable for a fine of twenty thousand pesos for every foreign national without such tax identification number and, in proper instances, revocation of their primary and other licenses obtained from government agencies, Republic Act 11590 states.
Duterte has largely opposed gambling during his presidential tenure, though he recently softened that stance to allow casinos on Boracay Island. Its likely COVID-19 and greatly reduced tax revenue caused the presidents change of heart.
POGOs cater to gamblers throughout Asia but heavily market to Chinese high rollers. With gambling illegal in China, President Xi Jinping has repeatedly asked Duterte to end POGO operations.
Duterte has refused, in rare defiance of his cozy relationship with Beijing. However, the number of POGOs has been reduced.
As of August 6, 2021, PAGCOR says there are 36 POGO licensees that are authorized to operate online casino games for gamblers located outside of the Philippines. That is down from 130 licensed iGaming firms just a couple of years back.
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Michigan: online sportsbooks push the state’s numbers past $2 billion for the year – Yogonet International
Posted: September 20, 2021 at 9:18 am
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ccording to PlayMichigan's report, the state's online sportsbook took in $192.3 million in August, up 2.3% from $188 million in July, according to the data released Thursday by the Michigan Gaming Control Board. The states online and retail sportsbooks accounted for $208.6 million in wagering, with $16.3 million in retail wagering in August.
Gross gaming revenue from online betting fell 18.8% to $15.9 million from $19.6 million in July. With retail revenue included, the state's sportsbooks combined to win $17.5 million for the month, a drop of 15.6% from July. Taxable revenue from online bets landed at $9.2 million, which generated $757,405 in state and local taxes.
The increase in sports betting volume was enough to push past $2 billion in online and retail wagering all-time, and for the year. Michigan sportsbooks have tallied:
DraftKings took the online market lead with $61.4 million in wagers. Gross gaming revenue rose to $4.4 million. FanDuel fell in second place in the state with $47.7 million in wagers. The bets in August produced a market-best $4.8 million in gross sports betting revenue.
Gross gaming revenue at Michigan's online casinos and poker rooms rose to a record $97.2 million in August, up 5.3% from $92.3 million in July. That total yielded $17.9 million in state taxes and $6.9 million in local taxes.
August marked the first full month of live dealer online casino games, which launched in late July, helping to boost revenue. Since launching in January, online casinos and poker rooms have generated $672.6 million in revenue and $166.6 million in state and local taxes.
BetMGM/MGM Grand Detroit topped the online casino and poker market with $39.7 million in gross gaming revenue, which yielded $10.5 million in state and local taxes.
Eric Ramsey, analyst for the PlayUSA.com network which includes PlayMichigan.com, explained: "August marks the beginning of the most important stretch of the year for sportsbooks. It only takes a few college games, the NFL's preseason and futures bets to show the importance of football to the industry. But the small number of games in August is merely a precursor for the next four months."
Matt Schoch, lead analyst for PlayMichigan, added: "The hot start after launching online betting in January was the key in hitting $2 billion in wagering this soon, but it is remarkable growth, no matter how you view it. Tax revenue has been somewhat underwhelming so far. As the market continues to mature, and promotional spends begin to slow, hopefully tax revenue improves."
Schoch continued: "Football is not only the main draw for most existing bettors, it is also the primary vehicle for each sportsbook to grow its customer base. The promotional offerings and seemingly wall-to-wall advertising that we've already seen shows how aggressive Michigan's operators are and will continue to be over the next couple months."
"Michigan's online casinos continue to grow, and with live dealer games now in the fold, there is no reason to believe that will end soon. For all the interest in sports betting, it is the state's online casinos that have proven to be the bigger benefit to the state, dwarfing sports betting in tax revenue, Ramsey concluded.
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Win $777 Every Week at PlayCroco Online Casino and Enjoy Playing the Best Online Pokies in Australia – Business Wire
Posted: at 9:18 am
SYDNEY--(BUSINESS WIRE)--Do you want to be in with the chance of winning $777 every week simply by playing your favourite online pokies? Of course you do, which is why you need to head straight to PlayCroco, Australias best online casino.
The PlayCroco weekly Lucky Loco Draw works as follows. Simply deposit $250 between Tuesday and the following Monday to qualify you dont even have to sign up as the casino manager, Bruce Fern, adds qualifying players to the draw automatically.
The Raffle is drawn every Tuesday with a massive grand prize of $777 as well as plenty of other cash bonuses in the pot. If you have a winning ticket, you will receive an email with a special coupon code for you to claim your prize. How awesome is that?
Bruce Fern, Casino Manager at PlayCroco, said: PlayCroco has earned a reputation for delivering some of the biggest promotions and prizes in Australia and our $777 Lucky Loco Draw is one of our craziest ever. Remember, the Raffle runs every week so there is plenty of chance to win.
All you need to do is make the qualifying deposit, enjoy playing some of the best online pokies in Australia and then check your email inbox on Tuesday to see if you are the grand prize winner. If not, you might still win one of the many cash prizes up for grabs.
Of course, the PlayCroco madness does not stop there. The casino is currently running a series of online pokie tournaments - some are freeroll and others offer top prizes of $1,000 or more. Yikes!
If you are new to PlayCroco then you can take advantage of an insane welcome offer consisting of a 200% deposit match up to $5,000 with the code PLAYCROCO plus a $50 free bonus that can be claimed after the deposit bonus with the code PLAYCOOL.
We also know how to look after our happy snappers with a range of incredible real-money promotions. This includes Daily Free Spins, new online pokies every month, a $100 free bonus every Friday and many more exciting deals to unlock.
From the moment you log in and deposit, youre eligible for the PlayCroco loyalty scheme. Players can rise through the ranks from BabyCroco to RoyalCroco level, via JuniorCroco and SuperCroco, picking up additional perks along the way.
Benefits include cashback rising from 25% to 40%, increasing weekly withdrawal limits, daily bonuses and free spins, along with a dedicated VIP Host when you reach the PlayCroco peak.
Theres also a whole host of banking options; players can deposit and withdraw using a variety of methods with Visa, Mastercard, Neosurf, POLi, PayID, Bitcoin eZeeWallet and Bitcoin all available along with the most recent addition, CashtoCode.
And if you need a hand with anything, the PlayCroco customer support team is on hand 24/7 to provide you with expert assistance.
If you dont believe us when we say that PlayCroco offers the best online casino experience in Australia, then make sure to check out some of the reviews left by our happy snappy players.
ENDS
Editors notes:
About PlayCroco:
PlayCroco is an online casino for Australian pokie lovers. With hundreds of pokies, generous offers and promos and a wide range of payment methods, PlayCroco is all about having fun and winning big. A level-up loyalty schemes also see players unlock incredible perks with each level they clear.
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