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Category Archives: Online Gambling
Another online sports betting bill in the works for California – World Casino Directory
Posted: September 2, 2021 at 2:09 pm
Top sports betting companies are now helping the effort to bring online betting to California. A new effort is being launched today that involves the help of BetMGM, FanDuel, and DraftKings. Known as California Solutions to Homelessness and Mental Health Support Act, the campaign will push to legalize online sports betting in the state with revenues going towards helping the homeless and mental health needs.
Dana Williamson is the campaign manager of the new initiative, a first of its kind in the United States. A campaign committee is in the works to help further the effort. In speaking with POLITICO, Williamson discussed how the new gaming option would provide a permanent funding source for those in need.
Major Contribution
According to Williamson, permanent solutions need permanent funding. Online sports betting is a perfect solution as it would provide continual funding to assist in needs for mental health support as well as homelessness in the state. It is predicted that California would be able to bring in major revenues that would be beneficial in both areas of assistance.
Proponents of the initiative say that the measure is not conflicting with a current sports betting plan that state tribes are pushing. The tribal option is already heading for next years ballot. It would provide in-person betting at casinos operated by tribes as well as racetracks. This new option is considered a compliment to the tribal effort.
Will It Work?
California has long been a state that has seen its fair share of issues when it comes to passing online gambling legislation. In the past, efforts have been thwarted due to the tribes, card rooms, and racetracks unable to meet a compromise as to who should be involved and how gaming should function. Unfortunately, the issues have led to the gambling industry falling behind other states when it comes to iGaming.
The Native American tribes of California have donated over $10 million to push the measure for sports betting and card rooms have spent money as well to pass a rival plan that will allow them to be involved. This new initiative throws a third ball in the ring and could lead to even more problems.
Since there could be three proposals going to the ballot in the state, the issue may be taken care of in the state Capitol first. Lawmakers may decide to create legislation that will be a compromise for all potential stakeholders. This way, at least online sports betting has a chance to move forward. However, only time will tell if this will occur.
For now, it will be interesting to see how the new initiative moves forward and how much support it will find along the way.
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The Tremendous Growth of Video Gaming in the World – Californianewstimes.com
Posted: at 2:09 pm
Today, the video gaming industry is the fastest-growing worldwide. It is estimated to be over $170 billion. This has resulted from various technology changes.
Perhaps, the greatest change in this industry is expanding geographical regions for gamers. More people are now playing games; thus, high demand for easier ways to access games and more immersive entertainment. Lets now explore the main causes of the tremendous growth in the gaming industry.
Gamers have agreed to adopt digital games. This has brought various changes to the world. The new online content distribution has led to low physical copy sales.
Moreover, it has led to an increase in the development of hardware capabilities and fast downloads speed such as 5G. The high-speed download means there is less reliance on gaming discs. These used to be time-consuming but no more; you can now easily access a game after its released.
Online gambling has contributed to the rise of the gaming world. People love gambling, and when it became possible for one to gamble in the comfort of their homes, it led to a higher number of gamblers.
In addition, there was the arrival of safer, secure, and anonymous payment methods such as cryptocurrencies. These payment methods enabled the growth of the online gambling industry.
The other reason is that women love to gamble. Studies have reported that more women have continued to register with online casinos to play their favorite games. It has been influenced by the opportunity of playing anywhere and at any time.
Nevertheless, online gambling has some downsides. You need a reliable and trustworthy provider; therefore, you can check on legit casino sites at BonusesOnline.com.
Since the development of virtual reality and AR, these technologies are driving the online gaming industry. Some of the games have become successful with the development of these technologies, such as Pokmon Go.
Virtual reality gives you the ability to get a real experience while playing games. Most people are expecting online gambling to go into virtual reality, such that you will feel like its a real traditional casino.
If you are playing any game online, it has a feature that enables you to communicate with other gamers. Some of the common social platforms include Twitter and Facebook. And the good thing, the feature is available when playing with Smartphones, tablets, or laptops.
These games will allow you to offer lives to friends playing the game, ask friends for bonuses, lives, among others. Therefore, the viral impact of social media has significantly contributed to the tremendous growth of the gaming industry.
Over the last decade, there has been a sharp increase in the creativity level of gaming designs. Some games have introduced a unique twist and military themes in the first-person shooter genre.
In addition, game developers have done more particularly looking for ways to attract women. Other unexpected benefactors for the explosion of the gaming industry are the arrival of computer peripherals these include gaming headsets and gaming mice.
Graphics card makers have made it possible for improvement of the gaming world including the giant NVIDIA. The current graphics allows you to have a cinematic and immersive experience. It, therefore, becomes interesting while watching or playing games.
Expansion of market demographic is another significant factor that has enabled tremendous growth in the gaming industry. People of all ages will now play games.
Top-level gamers can now compete in the eSports games, making them recognized. Therefore, video games are now popular, and you can stream online to make real money. So, gamers are taking the opportunity to generate revenue from what they like to do.
The online video game industry is always about innovations. New controls, new technologies, and new experiences are among the things gamers expect to see from time to time.
Technology has enabled people to spend more time on their phones; therefore, more mobile phone games and streaming services are expected to increase. Large companies will be willing to leverage their framework for them to be involved.
The interesting change you can see in the video game industry is an expansion of demographics for gamers. More people can now play games, look at the easiest ways to access these games and demands for immersive entertainment. That shows there is a bright future ahead of the video game industry.
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Connecticut Sports Betting Could Launch In Time For The NFL Season – CardPlayer.com
Posted: at 2:09 pm
Gamblers in Connecticut could be betting on sports as early as next week as the state regulators approved the rules for the new industry Tuesday.
The Regulation Review Committee passed the 82-page document that laid out regulations for the sports betting and online gambling market by a 9-4 margin and with bipartisan support, according to a report from the Hartford Courant. They were passed as emergency regulations so that gamblers could begin placing bets by Sept. 9, which is the first day of the NFL season.
Last March, the states two federally recognized tribes agreed to a deal with Gov. Ned Lamont that would allow the Mashantucket Pequot Tribal Nation and the Mohegan Tribe to offer sports betting and online gambling, including online poker. The Connecticut Lottery would also be allowed to offer sportsbooks.
Two months later, after the deal was in place, the state legislature passed a bill that would allow for the markets to emerge, creating the largest gambling expansion in state history. Afterwards, lawmakers went to work on amending the existing gaming compact.
Since the issue deals with federally recognized tribes, the compact still needs approval from the Department of the Interior, which is the federal agency that deals with tribal affairs. After that, there isnt anything legislatively standing in the way of the launch.
We expect action from the federal Department of Interior within the next two weeks on the compact amendments submitted in late July, and it is our understanding that that once that approval comes, the state Department of Consumer Protection will issue master wagering licenses, Rodney Butler, chairman of the Mashantucket Pequot Tribal Nation, told the Courant. With the NFL season kickoff fast approaching, we are working to launch online gaming and sports betting as soon as we are legally allowed to do so.
One of the more contentious issues in the regulations was the use of credit cards to fund online accounts. Regulators decided to let an individual register one credit card to his or her accounts, but payment processors like PayPal and Venmo would not be allowed.
Since the rules were passed as emergency measures, the state can still amend them over the next six months.
A launch date for online gambling and poker has not yet been announced.
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GB Study Reveals Women’s Attitudes to Online Gambling – VegasSlotsOnline
Posted: at 2:09 pm
Girls just wanna have fun? A Great Britain study reveals differences, and a similarity, between male and female online gamblers. [Image: Shutterstock.com]
The global public opinion researcher YouGov has published a study that reveals marked differences in attitudes towards online gambling among women and men in Great Britain (GB).
motivation stems from gambling being a fun thing to do
In its study What draws British women to online betting and what deters them? published August 30, the UK-based YouGov found that, however, the sexes think alike on one subject. When betting for money online, an equal share of 36% of men and women in GB cite their motivation stems from gambling being a fun thing to do.
The research surveyed male and female gamblers in Great Britain, which includes England, Scotland, and Wales but excludes Northern Ireland. YouGov states that GB women rank among the worlds highest in terms of online gambling participation.
While playing for fun is a shared trait, women outscore men when it comes to using their imaginations. Females who have wagered online over the last year are more likely than males 28% as opposed to 21% to say they gamble online so they can fantasise about winning.
Commonly held stereotypes between the sexes emerge in certain areas. 72% of women surveyed over the past 12 months are more willing than men (58%) to buy lottery tickets. Equally, with regard to preferences for playing online bingo or keno, the divide skews higher towards women at 6% compared to mens 2%.
Men predictably top the charts in online sports wagering at 45% versus 23% of women. Additionally, 20% of males against just 7% of females say that online betting enhances the experience of what theyre betting on, such as when watching sports.
The YouGov study also discovered that for 49% of men and 46% of their female counterparts, theres no particular reason that deters them from gambling. The market research firm posits that a targeted marketing message here could increase market share.
The online betting data crunched by YouGov noted that men are also more prone to wagering to demonstrate skill (6% vs. 1% of women). It also found that men (7%) are more active than women (1%) when it comes to poker. Similarly, 4% of males like to wager on daily fantasy sports as opposed to virtually no women.
Attitudinal differences between males and females also reveal the potential for more pinpointed marketing opportunities.
Women are more prone to feeling more strongly than men (45% vs. 39%) that online wagering should not be permissible. This dovetails to data which finds that men are more likely to have conversations about gambling with those close to them (20% vs. 12% of women). YouGov strongly speculates that this word-of-mouth communication drives more gambling activity among men, and that getting women talking to their friends about gambling more could well have the same effect.
Interestingly, the survey also uncovered that more men than women feel they might get addicted to gambling (9% vs. 6%).
Wrapping up its recent online gambling research, YouGov said its findings illustrated a considerable online divide as 33% of men wagered online during the past year, whereas the figure for women was much lower at 24%.
In conclusion, YouGov surmised that a combination of data usage, better understanding of consumer habits and motivation, plus well-crafted marketing initiatives could be an opportunity for online operators in Great Britain to increase their market share gain of female gamblers.
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Sports Betting and I-Gaming Leaders: Penn National Gaming, FansUnite, Rush Street Interactive, and Genius Sports positioned for Explosive Revenue…
Posted: at 2:09 pm
NEW YORK, Sept. 02, 2021 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Penn National Gaming (NASDAQ: PENN), FansUnite (OTC: FUNFF) (CSE: FANS), Rush Street Interactive (NYSE: RSI) and Genius Sports Limited (NYSE: GENI). Wall Street Reporter highlights the latest comments from industry thought leaders in the esports, digital entertainment, and gaming markets:
FansUnite (OTC: FUNFF) (CSE: FANS) Positioned for Exponential Revenue Growth in iGaming, E-Sports, Online Sports Betting
In his latest presentation at Wall Street Reporters NEXT SUPER STOCK livestream, FansUnite (OTC: FUNFF) (CSE: FANS) CEO Scott Burton shared the global i-gaming companys latest progress and milestones in the multi-billion dollar i-gaming, and sports betting market. FUNFF was recently granted a UK gaming license, enabling the Company to serve as a Business-to-Business technology provider and Business-to-Consumer operator in the $20 billion+ UK online gambling market, which is one of the world's largest online betting markets. FUNFF is also positioned to play a foundational role in Canadian sports betting as that market opens.
Watch FansUnite (OTC: FUNFF) (CSE: FANS) NEXT SUPER STOCK Video: https://bit.ly/3BzfqBt
FUNFF has developed a one of a kind i-gaming platform, with a sports and esports focus geared for the next generation of online bettors and casino players. The platform includes products for pre-match betting, in-play betting, daily fantasy, content and a certified RNG to produce casino style chance games. Scott Burton shared that the RNG games are expected to be a major source of revenue, thanks to a distribution deal with a major online casino games aggregator which can license the games to thousands of online casinos - setting the stage for exponential revenue growth opportunities.
FUNFF recently appointed i-Gaming industry veteran Mike Lee, as VP of gaming to lead the development and growth of FUNFF casino operations, launching new i-Gaming products and expanding global distribution. Mike Lee was the CEO of Genesis Gaming, a prominent gaming provider, where he oversaw the company's global business operations, leading the development of Genesis Gaming's game delivery platform and overseeing an extensive portfolio of more than 100 gaming titles. Burton also shared that FUNFF, with a recently closed C$24.7 capital raise, is well positioned to take advantage of potential M&A opportunities in the online gaming industry in the coming months.
Watch FansUnite (OTC: FUNFF) (CSE: FANS) NEXT SUPER STOCK Video: https://bit.ly/3BzfqBt
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Penn National Gaming (NASDAQ: PENN) CEO, Jay Snowden: Creating North America's Leading Digital Sports Content Gaming and Technology Company
...We're preparing to launch the Barstool Sportsbook app in four or five more states by the start of NFL season next month. And by the end of this calendar year, we expect to be live in at least 10 states, while also introducing several new features to the app, such as same-game parlay and shareable bet slip, which we're really excited about...With greater operating scale and leverage, improved products and unique value-creating marketing strategies, we believe we are extremely well positioned for a strong fall, as we roll into Barstool Sports' favorite time of the year, football season, which provides a nice segue to our pending acquisition of theScore, which is the number one sports app and sports media name in Canada and the third most popular sports app and sports media name in North America.
When we add theScore's unique integrated media and betting platform and modern state-of-the-art technology to the massive audience of Barstool Sports and its wildly popular personalities and content, we'll be creating North America's leading digital sports content gaming and technology company...We are uniquely positioned to seamlessly serve our customers with the most powerful ecosystem of sports, gaming and media in North America, ultimately creating a community that does not exist today...This transaction will allow us to provide state-of-the-art mobile sports betting and iCasino with highly customized bets and enhanced in-game wagering opportunities along with highly engaging personalized sports and media content and real-time scores stats and videos.
...We believe this powerful new flywheel will result in best-in-class engagement, retention and loyalty and this larger cross-promotion ecosystem will provide us with multiple growth channels that transcend our current business verticals. In the near-term, we'll just be scratching the surface of where we can ultimately take this company. The transaction also provides us with a path to full control of our own tech stack with a deep pool of engineering talent
Penn National Gaming (NASDAQ: PENN) Earnings Highlights:https://bit.ly/3kKjI2k
Rush Street Interactive (NYSE: RSI) Richard Schwartz, CEO: Momentum Building for Sports Betting and Online Casino Games...Revenue was $122.8 million during the quarter, representing a year-over-year increase of 89%. Not only did we grow casino revenue sequentially during the period, but also sportsbook revenues despite a lighter sports calendar. With this continued success and growth in our business, we are once again raising our guidance. We now expect our 2021 full-year guidance to be between $455 million and $495 million implying 72% year-over-year top-line growth at the midpoint.
We have continued to make significant progress in our market access initiative... We have been selected by the Connecticut Lottery to be a sports betting partner, making RSI one of only three sportsbook operators who will be authorized to operate in the state...New York has recently accepted bids... We formally submitted our bid as part of the process. We are excited about the opportunity to offer our online sportsbook in the state of New York...We have no shortage of near-term opportunities and expected state launches coming over the next couple of quarters. And our business development team is hard at work to continue the strong momentum to secure partnerships in many new jurisdictions.
We also continue to be very encouraged by the legislative momentum for online sports betting and the addition of online casinos in many states which already have approved sports betting. It has become very clear we are looking at the numbers in New Jersey, Pennsylvania and Michigan that online casino is a greater generator of cash revenue, and many state legislators are recognizing this opportunity.
Rush Street Interactive (NYSE: RSI) Earnings Highlights: https://bit.ly/3yHz38y
Genius Sports Limited (NYSE: GENI) Mark Locke, CEO: At the Heart of sports, betting and media Ecosystem...Genius is uniquely positioned at the heart of the sports ecosystem that connects sports, betting and media. Over our long history, we built a proprietary technology platform that our partners depend on to streamline data collection and distribution, engage audiences and ultimately monetize sports fans. By partnering with hundreds of sports leagues and federations, sportsbook operators and media brands across the globe, we are well positioned to capitalize on the growth in the sports betting market. While our fast growing sports betting market presents the best opportunity to monetize sports fans today, our vision stems far beyond the boundaries of sports betting alone. We are focused on building a tech platform that enables our partners to monetize their audience in a multitude of ways tomorrow, whether through betting, ticketing, merchandising or others
The business model we have in place allows us to participate in the upside of the US market. As the US markets revenues from gaming grow, our revenue also grows, regardless of which B2C player wins share. We're currently permitted to supply - in 13 US states and three tribal jurisdictions and have a proactive US license strategy, ensuring that there is no market in the US where we will not be able to operate...We are revising our full year 2021 revenue guidance to a range of $250 million to $260 million, up roughly 30% to 35% from where we guided the market to previously
Genius Sports Limited (NYSE: GENI) Earnings Highlights: https://bit.ly/38C9ewi
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How AI is influencing the online casino industry – Techiexpert.com – TechiExpert.com
Posted: at 2:09 pm
Artificial Intelligence, which is commonly known as AI all around the world, is one of the biggest technological advancements to have emerged over the last couple of decades and there are signs that suggest it still has plenty of potential to improve. The very first time AI was introduced and perhaps taken seriously was when IBMs Deep Blue computer system took on the world chess champion, Garry Kasparov, and managed to defeat him in 1997, thus showing the world what technology had the capabilities of achieving, although it would have been unimaginable to have been able to predict what it has been able to do in the last few decades since.
Technology, specifically AI, is used on a daily basis by a vast number of the worlds population for a range of different tasks and it would perhaps be hard to be able to live those lives without it in the modern era. However, whilst it is extremely advanced, there is still plenty that it has the potential to achieve as it continues to remain as innovative as ever before.
One such industry where the technology has been crucial and where it is likely to continue to have an impact when it manages to develop further and provide users with more is the online casino industry as there are a host of ways in which it can improve the sector and make it even better for everyone that uses it, whether it be for users who use traditional gambling platforms or for those who have been technologically aware and have started to enjoy what online crypto gambling has been able to provide them with when placing a number of wagers and playing their favorite slot games.
A huge benefit that AI has brought to online gambling is the fact that online gambling platforms are provided with better security. As AI analyses data that has been acquired, it has the ability to track down players who have been cheating whilst using their services. This is a huge benefit as the virtual platforms have traditionally found it a lot harder to identify these users compared to their physical counterparts, as online players could go undetected if they were using programs that help them to overcome odds.
Another way in which AI has been influencing how online casinos operate is in regards to their marketing strategies and the methods that they adopt to try and attract new clients, whilst also ensuring that they are able to retain much of their existing client base and stop them from leaving and joining a competitor.
The platform will be able to collect certain pieces of data that can be used as a way of offering them something that will have a high chance of appealing to them, thus making it personalised, rather than providing them with a generic offer that may not have any impact on the gambler.
There is no doubt that data is incredibly important in marketing, so it should come as no surprise that many online casino operators spend a lot of money ensuring they have the best Artificial Intelligence tools available to them. It is not just the online casinos that benefit from the continued development of the technology, though, with players also able to enjoy a wealth of advantages that it continues to provide. One way in which gamblers will be impacted positively is in regards to the customer service that they receive from the sites that they visit.
A large portion of live chats is now operated by bots to begin with, as this type of software helps to solve any questions or issues, or at the very least, helps to direct those that require assistance to the right pages or places they need to visit. In addition to being intelligent and helpful, the bots used are typically quick and efficient but with AI continuing to evolve at a rapid pace, it would not be a surprise to see the customer services levels provided improve further in the near future.
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Wyoming Online Sports Betting is Live After Licenses Awarded to DraftKings, BetMGM – Sports Betting Dime
Posted: at 2:09 pm
A Wyoming fan showing her support for head coach Craig Bohl celebrates after a touchdown against Missouri in the second quarter of an NCAA college football game, Saturday, Aug. 31, 2019, in Laramie, Wyo. (AP Photo/Michael Smith)
Wyoming online sports betting can officially begin today after the Wyoming Gaming Commission held a special meeting and awarded the states first two online sports betting licenses to DraftKings and BetMGM.
The gaming commission approved online sports betting licenses to the sportsbook operators earlier this afternoon. Both DraftKings and BetMGM are currently live and accepting sports bets in the state. Online sports betting licenses cost an initial fee of $100,000 for five years while renewal fees cost $50,000.
The state has placed a 10% tax on sports betting revenues, of which a portion will be used to combat problem gaming.
The first three hundred thousand dollars ($300,000.00) of revenue generated under this section is continuously appropriated to the department of health to be distributed to the counties for the purpose of funding county health programs to prevent and treat problematic gambling behavior and the remainder of monies remitted to the commission shall be deposited by the state treasurer into the general fund, the bill reads.
Wyoming is the 13th state where DraftKings has launched its online sports betting app. Matt Kalish, co-founder and president of DraftKings North America, said legalized sports betting has experienced wide-spread growth in the past three years.
We are thrilled that Wyoming sports bettors have the opportunity to experience the highly accessible and immersive fan experience along with best in class consumer protections that our product offers millions of skin-in-the-game sports fans, he said in a statement.
Additional sports betting licenses may be awarded at the next schedule Wyoming Gaming Commission on Friday, Nov. 5.
Wyoming is the least populated state in the country and will likely not be a big-time player in the sports betting handle race. Its the 23rd state in the country to begin taking sports bets.
The final sports betting rules for the state were approved in early August. Wyoming is only the second state in the U.S. to not require online sports betting operators to be tethered to an existing casino, joining Tennessee with that unique distinction.
Wyomings sports betting bill (HB133) was passed in the Wyoming House after a reconsideration vote on March 10 and sent to the Senate. The Senate approved by bill by a vote of 25-5-1 on March 29 and passed House concurrence on March 30.
Gov. Mark Gordon signed the bill into law on April 5.
Gambling Regulatory Writer and Editor
Covering regulatory developments in online gambling. Editing/writing/creating a newsletter for readers across all formats.
Gambling
Covering regulatory developments in online gambling. Editing/writing/creating a newsletter for readers across all formats.
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Taking a Deeper Look at the California Online Sports Betting Initiative – Sports Betting Dime
Posted: at 2:08 pm
After the dust settled yesterday from the bombshell announcement that seven sportsbook giants in the country were supporting a California sports betting initiative for the 2022 general election, details about the proposed online sports betting plan were released after the initiative was officially filed with the state attorney generals office.
The California Solutions to Homelessness and Mental Health Support Act was officially filed with the state attorney generals office and seeks to allow qualified sportsbook operators to partner with California Tribal Nations to operate online sports betting. Backed by DraftKings, BetMGM, FanDuel, Fanatics Betting and Gaming, Ballys Interactive, WynnBET and Penn National Gaming/Barstool Sportsbook through a $100 million contribution, the campaign for the initiative will now ready itself to start collecting verified signatures to officially place the initiative on the 2022 November general election ballot.
The 62-page initiative was made available to the public yesterday and offered new details into the proposed online sports betting plan for California, including a high-priced barrier to gain market access into the state.
The California Secretary of State will provide the initiative with a title and summary, which should take place in the next 65 days. Then the backing campaign will begin procuring thousands of needed verified signatures to qualify the initiative to be placed on the November 2022 general election ballot.
It may be a price worth paying, however, as California is home to the fifth largest economy in the world and will likely be one of the largest markets in the country if sports betting is legalized.
The proposed license fees for online tribal run sportsbook and qualified sportsbook operators are some of the highest in the country, offering a steep entry fee into what will prove to be one of the most successful sports betting markets in the country. A tribal run sportsbook license will cost $10 million for 5 years, while a qualified sportsbook operator license will cost $100 million for 5 years. Renewal fees for tribal licenses are set at $1 million and $10 million for qualified sportsbook operators.
By comparison, a New York online license costs $25 million for 10-years.
While the California license fees are pricy, the proposed tax rate is nominal, at only 10% of the online sports betting operators adjusted gross online sports betting revenue.
The initiative allocates 85% of revenue to the California Solutions to Homelessness and Mental Health Support Account, which will help combat homelessness and mental health issues in the state. The additional 15% of revenue will be allocated to the Tribal Economic Development Account, which will provide economic development and assistance to tribes in the state who do not participate in the online sports betting program. There are 104 federally recognized tribes in the state.
This is the third sports betting initiative to be filed in the state. The backers explain the California Solutions to Homelessness and Mental Health Support Act will not be in conflict with a Tribal-proposed initiative that has already qualified for the 2022 general election ballot. The Tribal initiative seeks voter approval to legalize in-person sports betting at tribal casinos.
Gambling Regulatory Writer and Editor
Covering regulatory developments in online gambling. Editing/writing/creating a newsletter for readers across all formats.
Gambling
Covering regulatory developments in online gambling. Editing/writing/creating a newsletter for readers across all formats.
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Amid seasonal slowdown, Michigan’s online gambling operators post mixed results for July – The Detroit News
Posted: August 22, 2021 at 4:11 pm
Michigan's online gambling operators posted mixed results for the month of July, according to results reported by the Michigan Gaming Control Board Monday, amid what industry analysts say is a normal seasonal slowdown.
In all, operatorsreported $111.9 million in online gambling revenue for the month $92.3 million from internet casino games and poker roomsand $19.6 millionfrom online sports betting.
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Online sports betting operators reported a monthly handle, or the total amount wagered by bettors, of $188 million for the month, down 20% from June. And industry analysis site PlayMichigan.com noted that the state's online sportsbooks generated their lowest volume ever for a full month, dropping to less than $200 million for the first time since online gambling launched in Michigan in January.
Gross revenue tied to online sports betting also droppedin July, to about $19.6 million, from June's $24.9 million, according to figures released by the state.
"Pursuits other than gaming are priorities for many in July, whether that is a trip to the lake or a backyard barbecue," PlayMichigan.com analyst Matt Schoch said in a statement. "The good news for sportsbooks is that with the July dip now out of the way, operators can look forward to Michiganders returning from their summer vacations and for the excitement for the football season to build."
Meanwhile, internet gaming generated $92.3 million in gross revenue last month, up 3.5% from June. Analysts said the launch of live dealer online casino games in late July likely drove additional wagering.
"Many of the same forces that slow sports betting in the summer, including summer vacations, also affect online casinos," PlayUsa.com data analyst Eric Ramsey said in a statement.
But, he added, "Michigan is still a young market that hasn't yet reached maturity. The addition of live dealer games will make a difference going forward. And as the summer turns to fall, we should once again see the revenue at online casinos grow."
Collectively, operators in July paid the state$17.1 million in taxes and payments tied to internet gaming, and $762,220 in taxes and payments tied to online sports betting. Taxes and payments are based on adjusted gross receipts, which include deductions for the monetary value of free play incentives provided to and wagered by bettors.
Meanwhile, Detroit's three casinos MGM Grand Detroit, Greektown Casino and MotorCity Casino Hotel paid $4.8 million in internet gaming and sports betting taxes and fees to the city of Detroit last month. And online gambling operatorsat the state's tribal casinos made$2 million in wagering payments to the tribes' governing bodies.
MotorCity Casino, with operator FanDuel, reported the largest monthly online sports betting handle of anyone for July, with more than $54.5 million in bets.
In terms of gross revenue tied to internet gaming, MGM Grand Detroit's $33.8 million for the monthfar outpacedits competition.
In July, a total of 13 operators were authorized for both forms of online gambling; one was authorized only for internet casino gaming.
Last week, MGCB reported that the three Detroit casinos netted some $116.9 million in aggregate revenue tied to table games, slots and retail sports betting last month, for a 9.3% increase over June's results. Those results were in line with a national rebound of casino gaming, with the American Gaming Association reporting a new quarterly revenue record.
The state offers a 24-hour, toll-free problem gambling helpline at 1-800-270-7117. Further resources are available at http://www.michigan.gov/mgcb.
Twitter: @JGrzelewski
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RTI: Union government considering "uniform approach" to online gambling regulation – MediaNama.com
Posted: at 4:11 pm
The IT Ministers statement was in response to a letter written by the Andhra Pradesh CM requesting the government to ban online gambling sites due to concerns of addiction and suicide.
Youre reading it here first: The union government is considering a uniform approach to regulating online gambling and real money gaming, according to a letter by the Minister of Electronics & Information Technology obtained by MediaNama. In the letter, written to Andhra Pradesh Chief Minister YS Jagan Mohan Reddy, IT Minister Ashwini Vaishnaw said that The subject of betting and gambling falls under the jurisdiction of the State Governments under Entries 34 and 62 of List II of the Seventh Schedule of the Constitution of India, but that the Government is cognizant of the issues arising because of different legislations in different States in the area of regulation of online gaming and the matter is under consideration to have a uniform approach on this matter.
This acknowledgement that the government is considering a centralised approach to regulating gambling and betting sites is significant. While states have been changing their local gambling laws to regulate (or outlaw) online gambling and sites, the betting and gambling industry has been obtaining court orders (like the one issued by Madras High Court) that have made it difficult for states to restrict gambling and betting activities that require some skill. The Prime Ministers Office has shown interest in the issue, indicating that there could be movement on this front. Its not clear what action the government would decide on its actions could range from a model law that states could choose to emulate, to a constitutional amendment that would give it more powers to regulate online gaming.
Vaishnaw was responding to an October 2020 letter written by Reddy to then-IT Minister Ravi Shankar Prasad, requesting the central government to ban online betting and gambling sites in Andhra Pradesh. Vaishnaw, whose response is dated August 3, said that while he understood Reddys concerns the CM had linked these platforms to Suicides due to losing money, severe addiction and consequent violent behaviour blocking could only be performed by the central government in the interest of Sovereignty and Integrity of India, Defence of India, Security of the State, friendly relations with foreign States or public order for preventing incitement to the commission of any cognizable offence relating to above.
Reddy had argued that the law passedby Andhra Pradesh government to regulate such platforms had made even promoting or facilitating gambling activities illegal and that Internet Service Providers could be said to be facilitating gambling by allowing access to these sites. The Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 notified under section 79 of the Act require the intermediaries to observe due diligence by informing not to publish information encouraging money laundering or gambling and the notice can be issued by the Appropriate Govt. / its agency, Vaishnaw replied. ISPs fall under the definition of intermediaries.
The Andhra Pradesh Gaming (Amendment) Act, 2020 criminalised indulging in gambling to the extent of a cognisable offence, with players potentially facing six months of prison time, and organisers facing one year. Fantasy league games were not under the bans ambit, but games like rummy and poker were. Real-money gaming platform operators its not clear which ones in November 2020 approached the Andhra Pradesh High Court to challenge the order, the New Indian Express had reported, and are being represented by advocate Abhishek Manu Singhvi. Hearings in this case are ongoing.
What follows is the entire text of the response by IT Minister Ashwini Vaishnaw to Andhra Pradesh Chief Minister YS Jagan Mohan Reddys letter.
03 AUG 2021
Dear Shri Y S Jagan Mohan Reddy Ji,
Kindly refer to your D.O. No. 70/CM/PRL dated 27.10.2020, addressed to my predecessor, requesting for banning online games, online gambling and online betting sites.
At the outset, I appreciate the concerns raised by you. The subject of betting and gambling falls under the jurisdiction of the State Governments under Entries 34 and 62 of List II of the Seventh Schedule of the Constitution of India. States, including Andhra Pradesh, have enacted their own legislation to regulate betting and gambling activities.
As regards blocking of sites/apps, the Information Technology Act 2000, provides for blocking of information for public access only under specific conditions, i.e. in the interest of Sovereignty and Integrity of India, Defence of India, Security of the State, friendly relations with foreign States or public order for preventing incitement to the commission of any cognizable offence relating to above. State of Andhra Pradesh has already nominated a Nodal Officer who has been working with the Ministry of Electronics & Information Technology (MeitY) on 69A based blocking. In addition, the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 notified under section 79 of the Act require the intermediaries to observe due diligence by informing not to publish information encouraging money laundering or gambling and the notice can be issued by the Appropriate Govt. / its agency.
Further, the Government is cognizant of the issues arising because of different legislations in different States in the area of regulation of online gaming and the matter is under consideration to have a uniform approach on this matter.
With regards,
Yours sincerely,
[signed]
(Ashwini Vaishnaw)
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