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Pennsylvania Sportsbooks Score $316 Million November As Industry Turns 1

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baseball-2410657_1920 Pennsylvania Sportsbooks Score $316 Million November As Industry Turns 1Reading Time: 4 minutes

 

FanDuel dominates, online sports betting expands with two new brands, and Pennsylvania’s lifetime handle hits $1 billion, according to PlayPennsylvania.com

(LAS VEGAS) — Pennsylvania’s sportsbooks celebrated the industry’s first birthday in November by setting a new monthly handle record and surpassing $1 billion in lifetime wagers. The industry continues to gain steam as its online product matures, a process boosted by the recent online launch of DraftKings and Unibet, according to PlayPennsylvania.com analysts.

“Pennsylvania has come a long way in a year,” said Dustin Gouker, analyst for PlayPennsylvania.com. “Plagued with relatively high gaming taxes and early hurdles to its online launch, Pennsylvania’s future as a legal sport betting jurisdiction was murky at the beginning. But despite the issues in its infancy, the state has proven to be attractive for operators and the market is truly beginning to flourish.”

Pennsylvania’s sportsbooks accepted $316.5 million in wagers in November, up 31.2% from October’s $241.2 million, according to official data released Tuesday. Those bets generated $20.6 million in revenue — up from October’s $19.1 million win — and yielded $3.9 million in state taxes.

The totals are a far cry from November 2018 when the state’s first and only sportsbook, Hollywood Casino, generated $1.4 million in bets and $508,997 in gross revenue. Since, Pennsylvania has grown into the third-largest legal sports betting jurisdiction in the country and continues to chase neighbor New Jersey, which accepted $562.2 million in bets in November.

The most important factor in Pennsylvania’s growth was the summer 2019 launch of online sports betting. The roster of online brands has grown to seven following the November launches of DraftKings, under The Meadows license, and Unibet, under the Mohegan Sun Pocono umbrella. Those seven online sportsbooks generated 84.3% of the state’s November handle — a total of $266.7 million, up from $198.7 million in October.

“Online sports betting has unquestionably been the key driver of the state’s growth,” Gouker said. “Not only has online betting grown to account for an overwhelming majority of the state’s handle, but it has also helped spur growth among retail sportsbooks. That is a pattern that we saw in New Jersey, too.”

FanDuel Sportsbook at Valley Forge Casino remains dominant in the online market, despite fresh competition from rival DraftKings and Unibet. FanDuel accepted $149.7 million in November bets, up from $113.9 million in October, yielding $9.2 million in revenue, up from $8.1 million. FanDuel was followed by:

  • Rivers-Philadelphia ($32.4 million in handle, up from $30 million in October; $1.9 million revenue, down from $2.5 million)
  • Rivers-Pittsburgh ($30.6 million handle, up from $26.6 million; $1.7 million revenue, up from $1.6 million)
  • Parx Casino ($22.4 million handle, up from $18.4 million; $1.6 million revenue, down from $1.7 million)
  • DraftKings at The Meadows ($16.2 million handle; $1.6 million revenue)
  • Fox Bet at Mount Airy ($13.5 million handle, up from $9.8 million; $1.2 million revenue, up from $591,309 in revenue)
  • Unibet at Mohegan Sun Pocono ($1.9 million handle; $26,440 revenue)

“With the addition of DraftKings, Pennsylvania now has the two largest sports betting brands in the country,” Gouker said. “The question is whether DraftKings can make a dent in FanDuel’s market dominance, or has FanDuel’s early launch baked in its market advantages for the foreseeable future.”

Rivers-Pittsburgh’s $8.88 million handle, up from $7.7 million in October, narrowly led the retail market. That yielded $486,449 in revenue, down from $699,611. Rivers was followed by:

  • Rivers Philadelphia, formerly SugarHouse ($8.87 million handle in October, up from $7.2 million; $234,951 revenue, down from $813,839)
  • Parx ($8.1 million handle, up from $7.5 million; $739,281 revenue, down from $1 million)
  • Hollywood Casino at Penn National Race Course ($3.8 million handle, up from $3 million; $48,520 revenue, down from $350,083)
  • Presque Isle ($3.7 million handle, down from $3.2 million; $302,458 revenue, up from $194,829)
  • South Philadelphia Race and Sportsbook ($3.6 million handle, up from $2.8 million; $339,310 revenue, down from $402,272)
  • Valley Forge Casino ($3.2 million handle, down from $4.1 million; $192,492 revenue, up from $155,730)
  • Harrah’s Philadelphia ($3 million handle, up from $2.3 million; $234,355 revenue, down from $277,295)
  • Mohegan ($2.5 million handle, up from $2.1 million; $173,120 revenue, down from $305,697)
  • Oaks Race and Sportsbook ($1.4 million handle, up from $1.1 million; $149,765 revenue, down from $162,127)
  • Mount Airy ($868,026 handle, up from $641,087 handle; $43,680 revenue, down from $86,800 in revenue)

Online casino industry expands in November

The launch of poker and two new online casinos in November helped boost Pennsylvania’s gross revenue to a new high-water mark. The state’s fledgling industry, which now boasts five online casinos, generated $9.7 million in November gross revenue, up 98% from $4.9 million in October.

The launch of PokerStars Casino, Nov. 4, and Unibet/Mohegan Sun Pocono, Nov. 12, combined with the addition of poker, spurred wagers to $316.8 million, up 58% from $200.2 million in October. Poker alone accounted for $2 million in revenue in its first month, an impressive total considering the bit part it plays in neighboring New Jersey. In all, online casinos generated $2.4 million in state taxes in November.

Rivers-Philadelphia held on to the market lead with $3.2 million in revenue on $148.7 million in bets. That was up from $2.5 million in October revenue on $85.6 million in wagers. Rivers-Philadelphia was followed by:

  • Penn National ($1.9 million in revenue, up from $1.8 million in October; $57.1 million in bets, up from $56.6 million)
  • Parx ($1.5 million in revenue, up from $610,187; $55.5 million in wagers, down from $58 million)
  • Mount Airy/PokerStars ($3 million in revenue; $48 million in bets)
  • Unibet/Mohegan Sun Pocono ($131,415 in revenue; $7.4 million in bets)

“The online casino industry is finally gaining momentum, but Pennsylvania’s tax structure has definitely slowed its development,” Gouker said. “Still, with poker showing promise, especially compared to New Jersey, and new operators coming online, Pennsylvania’s market should really begin to take off.”

For more information on the revenue generated by Pennsylvania sports betting, visit www.playpennsylvania.com/revenue.

 

About the PlayUSA.com Network:

The PlayUSA.com Network is a leading source for news, analysis, and research related to the market for regulated online gaming in the United States. With a presence in over a dozen states, PlayUSA.com and its state-focused branches (including PlayNJ.com and PlayPennsylvania.com) produce daily original reporting, publish in-depth research, and offer player advocacy tools related to the advancement of safe, licensed, and legal online gaming options for consumers. Based in Las Vegas, the PlayUSA Network is independently owned and operated, with no affiliations to any casino — commercial, tribal, online, or otherwise.


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: Pennsylvania Sportsbooks Score 6 Million November As Industry Turns 1

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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Roulette77 Review: The Ultimate School for the Game of Roulette

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game-bank-1003137_1280 Roulette77 Review: The Ultimate School for the Game of RouletteReading Time: 3 minutes

 

A full review of the Roulette77 roulette guide. Learn how to play the most popular gambling game and become a master of each of its formats

 

Roulette77 Review: A Detailed Look

Roulette is easily one of the most popular casino games in the world and one that takes minutes to learn but a long time to master. To become a true roulette player, one needs to learn more than just how to place bets and hope for a good outcome, and Roulette77 is the place to go to learn it.

With an extensive database of both text and video content for novice roulette players, the site teaches everything about playing roulette in a fashion that is easy to adopt and does not require any prior knowledge of the game or any of its elements.

The site was started in 2018 and had been offering players a chance to become better roulette players ever since. Online casino players can now quickly and easily learn everything about the devil’s wheel, in a single place. Let’s take a look at what Roulette77 has to offer and how you can benefit from it.

Roulette Games Broken Down

Roulette is a word that refers to more than just one game, as there are multiple versions of it available, especially in online casinos. Most frequently, players encounter European Roulette and American Roulette, and these two versions are the primary focus of Roulette77.

The site offers a dedicated section for each of the two roulette versions, teaching you about the wheel layout, possible inside and outside bets, and the payouts you can expect from each bet you make. The guide also goes into specifics on the house edge in each of the games and what makes one better than the other.

For players looking to actually get into the game of roulette and become real players, Roulette77 also offers roulette simulator, in which you can try different versions of the game provided by some of the top software developers in the world and see how it feels to be part of the action.

Live Dealer Roulette Revealed

Live dealer roulette is something that many players who enjoy the game are spending most of their time with. This version offers online players a chance to experience the feeling of playing in a real live casino, and it is available at many online casino sites.

At Roulette77, players are given a chance to learn how to play live dealer roulette without actually having to deposit any money or sign up to an online casino just yet. The live dealer section covers all the basic concepts you will need to know in order to start playing for real cash in the future.

Best Roulette Sites and Bonuses

Once you have gone through all the instructional materials and are ready to start playing for real, Roulette77 also provides a list of the absolute best online casino sites for roulette players. Pick any of the sites from the list, find out what kind of a welcome bonus you can receive, and start getting ready to play with real cash on the line.

The entire site is available to players in a variety of languages, making it a true gem for any roulette novice. These include English, German, French, Chinese, Indian, Arabic, Italian, Spanish, to name just a few, and each version provides the full content. You will not need to speak any foreign language to become a great roulette player, and this is one of the few places on the internet that provides that opportunity. What’s more, once you have chosen a language, you will be directed only to online casinos at which you can play from your country, so no confusion will arise once you try to sign up to play real money roulette.


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: Roulette77 Review: The Ultimate School for the Game of Roulette

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Patagonia Entertainment Rebrands to Salsa Technology

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salsa Patagonia Entertainment Rebrands to Salsa TechnologyReading Time: < 1 minute

 

Patagonia Entertainment has rebranded as Salsa Technology to set the platform for its next stage of expansion. This new identity incorporates the company’s dedication to globalisation, localisation and innovation within the iGaming world.

Latin American culture flows through the business today despite its global presence and the new brand stays true to the company’s unrivalled localised market knowledge. Salsa is synonymous with Latin America, whether the tasty sauce or lively dance and encapsulates the business origins, beliefs and philosophy.

The new brand gives Salsa Technology scope for accelerated growth. Game design was where it all began and the Salsa Technology rebrand is being complemented with the relaunch of the famous in-house design studio. This will see several innovative and immersive games releases, including the exciting Halloween Groove Bingo and the recent LatAm classic Jogo dos Bichos Praia.

“We’re incredibly proud of Patagonia Entertainment’s journey to this point and our rebrand gives us the platform to expand even further across the iGaming world. Latin American culture flows through the business today despite our global position. Salsa Technology encapsulates our essence perfectly and will help us deliver on our company vision of becoming the world’s best b2b developer of bespoke technology solutions for the iGaming industry,” Peter Nolte, CEO of Salsa Technology, said.

“The Salsa Technology brand empowers our business and provides us with the catalyst for huge rewards. We’ve come a long way since launching Patagonia Entertainment and our future is incredibly exciting,” Victor Arias, Salsa Technology’s Global Business Development Manager, said.


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: Patagonia Entertainment Rebrands to Salsa Technology

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Italian VLT Market Suffers Setback due to New Rules

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italy Italian VLT Market Suffers Setback due to New RulesReading Time: < 1 minute

 

The Video Lottery Terminal (VLT) market of Italy is suffering from the major setback as they have to comply with any restrictions imposed.

Italian gaming company Gamenet reported that VLT revenue of the first two weeks of 2020 has reduced by one third as compared to the same time period of last year.

According to the new rule, players need to insert the government-issued health card to access the VLT machine. This has been done to restrict the involvement of the youth accessing the machine. Many believe that this has been done in order to monitor the signs of problem gambling behaviour. However, the government denies this. Some of the operators have also complained that this has been done to force away tourists and other residents who do not have government health cards.

As per a local TV station, one of the operators was found giving access to the VLT to the tourists who do not have the health card. However, they had a special card to access the VLT machine and that has been termed as a loophole to the system.

There has been more set back on the VLT operators due to tax increase on VLT and Amusement with prizes (AWP). It is being said that the players have started losing interest in the VLT and also the machines had to be taken offline to reconfigure the necessary changes.


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: Italian VLT Market Suffers Setback due to New Rules

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