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New Jersey Sports Betting Shows February Strength, According to PlayNJ.com Analysts

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NJ-Sports-Betting New Jersey Sports Betting Shows February Strength, According to PlayNJ.com AnalystsReading Time: 2 minutes

 

New Jersey’s sportsbooks took in more than $320 million in February bets, generating strong monthly revenue despite a short month and a predictable post-Super Bowl lull. In all, New Jersey’s online and retail sportsbooks netted $12.7 million in revenue on $320.4 million in sports bets, down 16.8 percent from a record $385.3 million wagered in January.

The February handle works out to $46 per adult resident of New Jersey, significantly larger than any other legal sports jurisdiction, other than Nevada.

“Because of the strength of New Jersey’s online product, in-play betting during the Super Bowl was significantly stronger in New Jersey than in other legal markets,” said Dustin Gouker, lead sports betting analyst for PlayNJ.com. “In addition, New Jersey’s sportsbooks saw significant action on other sports, particularly on college basketball and the NBA. It adds up to another very good month for New Jersey even after a somewhat disappointing Super Bowl handle.”

New Jersey’s online sportsbook brands accounted for $258.9 million, or 80.8 percent, of total bets in January, according to official reporting. The state’s retail sportsbooks made up the remaining 20.2 percent. That compares to 79.2 percent of total bets flowing through online sportsbooks in January.

New Jersey’s sports betting market is less driven by major events than in Nevada, and February’s numbers bear that out,” Gouker said. “The market’s consistency will eventually help New Jersey overtake Nevada as the largest legal sports betting market in the U.S., which is now more a question of when rather than if.”

FanDuel Sportsbook/Pointsbet overtook DraftKings Sportsbook as the state’s dominant online sportsbook with $6.6 million in February gross revenue, up from $5.9 million in January. DraftKings Sportsbook fueled Resorts’ $3.7 million in February online gross revenue, down 46 percent from $6.9 million in January.

FanDuel Sportsbook at The Meadowlands continues to dominate the retail market, posting $1.5 million in February gross revenue, up from $1.2 million in January. FanDuel was followed by Resorts AC’s $142,846.

“DraftKings and FanDuel show few signs of relinquishing their top spots,” Gouker said. “But with football now over, it will be interesting to see if a change in focus to college basketball and Major League Baseball alters the dynamic in the coming months.”

LEGAL ONLINE CASINOS

A month after crossing the $30 million threshold for monthly revenue for the first time, legal online gambling generated $31.8 million in February, up 44 percent from $21.99 million in February 2018. Though monthly revenue was down from a record $33.6 million in January, the industry generated $1.1 million per day in the 28 days of February, even with the 31 days in January.

New Jersey’s online casinos are among the biggest beneficiaries of legalized sports betting,” said Steve Ruddock, lead online gambling analyst for PlayNJ.com. “Online casino revenue has grown by at least 25 percent in seven of the eight months since online sportsbooks made their first appearance in the Garden State. It would not be surprising if the industry hits $40 million in monthly revenue at some point before 2019 has ended.”

 

About the PlayUSA.com Network:
The PlayUSA.com Network and its state-focused branches (including PlayNJ.com and PlayPennsylvania.com) is a leading source for news, analysis, and research related to the market for regulated online gaming in the U.S.

 

Source: PlayNJ.com


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: New Jersey Sports Betting Shows February Strength, According to PlayNJ.com Analysts

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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iSoftBet scores slot hit with Hot Shots 2

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hot-shots-2 iSoftBet scores slot hit with Hot Shots 2
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Supercharged sequel sees players shoot for epic wins with unlimited multipliers and unique Ultra Bet feature

 iSoftBet, the leading online and mobile casino content provider, has launched Hot Shots 2, inviting players to lace up their boots and score huge wins in this supercharged sequel.

Always at the forefront of innovation, iSoftbet has included their new Ultra Bet* feature on this slot-based football extravaganza, allowing players to place a single wager to unlock 50 high-octane games, collecting wins, multiplier stars and bonus rounds along the way. Ultra Bet offers a unique way to play, prioritising the most exciting game features for a more engaging player experience.

Launched at the same time as live action football leagues resume, Hot Shots 2 takes the proven successful model from the original Hot Shots, with expanding Wilds, and takes it to another level with an unlimited increasing win multiplier during Free Spins for even more ways to strike it lucky.

Five quirky footballers are the high paying symbols, each one representing their own country. A German Shepherd, French cockerel, Spanish Bull, British Bulldog and Portuguese Fox all battle it out for possession of the reels, ready to fire up players’ fortunes in this feature-filled slot.

Players can win big in a host of ways, including from win multipliers, expanding Wilds, Free Spins bonuses and the special Wild Golden Ball. Hit the back of the net with this symbol during Free Spins and the ball expands both vertically and horizontally as well as increasing the win multiplier.

Three or more Hot Shots symbols will see you qualify for the Free Spins round, where the unlimited win multiplier is in play and regular footballs on reels 2, 3 or 4 will expand to form multiple wilds. And it’s not full-time yet, as Free Spins can also be retriggered via bonus symbols during the feature.

Mark Claxton, Head of Games at iSoftBet, said: “Hot Shots was so popular we decided to launch a sequel with a supercharged bonus for players to score even bigger wins. Launching our new Ultra Bet feature on this game made perfect sense as it embraces the exciting and frantic nature of the “beautiful game” while also offering players a whole new way to play slots.

“The launch of Hot Shots 2 is perfectly timed with the restart of many football leagues around the world, something so many people have been eager to see. We are delighted with the result of the game and confident it will prove to be the perfect strike partner for sport-starved slot fans.”

(*Ultra Bet not available in some markets)

iSoftBet is a leader in compliance, licensed in 17 regulated markets across the globe and providing brands with the highest quality casino games and maximum speed to market.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: iSoftBet scores slot hit with Hot Shots 2

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Pragmatic Play Gets Summer Started With Fruit Party

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fruit-party Pragmatic Play Gets Summer Started With Fruit Party
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 Pragmatic Play, a leading content provider to the gaming industry, has released its colourful new title, Fruit Party.

The 7×7 videoslot is packed with fruity flavour and colour, with a cluster pay mechanic setting it apart from your traditional game. With every successful spin, more fruit cascades down onto the reels with Pragmatic Play’s tumbling wins feature.

The Golden Fruit acts as a scatter symbol and triggers the bonus feature when three or more land on the reels. In the Free Spins mode, every winning block has the chance to be randomly multiplied by 2x or 4x, which can be expanded further if any other blocks in the combination also contain a random multiplier, up to 256x the initial win, for lucrative results.

Melissa Summerfield, Chief Commercial Officer at Pragmatic Play, said: “Fruit Party has all the colour and fun of any great summer bash, but this time it’s packed with wins.

“With an innovative cluster-style wins system and plenty of multipliers, Fruit Party can turn one spin into big payouts with its high volatility and action-packed Bonus Round!”

Pragmatic Play currently delivers up to four new slot titles a month, as well as an extensive range of Live Casino and Bingo products through its multi-vertical offering. The company’s entire portfolio is available through a single API integration.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Pragmatic Play Gets Summer Started With Fruit Party

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Kalamba Games appoints Piotr Simon as Product Owner

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piotr-kalamba Kalamba Games appoints Piotr Simon as Product Owner
piotr-kalamba-1 Kalamba Games appoints Piotr Simon as Product OwnerReading Time: < 1 minute

 

Kalamba Games has appointed Piotr Simon as Product Owner as the company looks to deepen and expand its product offering and Remote Gaming Server (RGS).

With substantial industry experience gained from his time at Game Desire and Yggdrasil, Simon will spearhead the company’s product development as it is set to fully roll-out its own RGS and promotional tools later this year.

Piotr Simon, said: “It’s a really exciting time to be joining Kalamba and to be working on such a key project. I look forward to contributing to Kalamba’s growth as it enters a new phase of its product offering and continues to innovate and lead on creating great content for the industry.”

Alex Cohen, COO at Kalamba Games, said: “As we move into another year of unprecedented growth, we are naturally looking to further strengthen the team with top talent and we’re really pleased to have Piotr on board to help build even more great products.

“Piotr has deep experience of developing great promotional tools and this will be invaluable to Kalamba as we enter a new stage of growth over the coming months.”


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Kalamba Games appoints Piotr Simon as Product Owner

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