Massachusetts Gaming Commission’s Post

Today the MGC released the April 2024 Revenue Report, which highlights $97.5M in Gross Gaming Revenue generated at Mass. casinos, and $49.12M in Sports Wagering Revenue generated among the state's sports wagering licensees. Members of the public are also able to compare April 2024 revenue data with data from previous months as well as Aprils of prior years with the MGC's infographics in this month's Revenue Report. REPORT: https://buff.ly/2UoMXbu MORE: https://buff.ly/3K9AV1X

Today, the MGC released the September 2024 Revenue Report, which highlights $92.06 in Gross Gaming Revenue generated at Mass. casinos and $73.49M in Sports Wagering Revenue generated among the state's sports wagering licensees. Members of the public are also able to compare September 2024 revenue data with data from previous months as well as September of prior years with the MGC's infographics in this month's Revenue Report. REPORT: https://buff.ly/2UoMXbu MORE: https://buff.ly/3NqsOjm

Recently attended The Summer Conference of the National Council of Legislators from Gaming States (NCLGS) in Pittsburgh. An insightful event featuring experts from all aspects of the gaming industry, this conference is a must-attend for legislators seeking a deeper understanding of how different forms of gaming are regulated. At NCLGS, the intricacies of the casino, lottery, sports wagering, tribal gaming, and pari-mutuel wagering industries are thoroughly explored. Sessions on identifying and assisting problem gamblers shed light on this crucial aspect of the industry, particularly in light of the growing popularity of sports wagering. A highlight of the conference was the panel "Making a living off of the Odds," featuring legendary professional gambler Billy Walters, casino operator Richard Schuetz, and professional gambler Gadoon 'Spanky" Kyrollos. Their insights on bet limits, advertising practices, and the need for responsible promotions in the sports betting sector provided valuable perspectives on maintaining a healthy industry. Understanding the complexities and challenges within the gaming sector is paramount for decision-makers. Attending NCLGS equips legislators with the knowledge necessary to strike a balance between maximizing state revenues and ensuring sustainable growth for operators. Don't miss out on this opportunity to delve deeper into the dynamics of the gaming industry! #NCLGS #GamingIndustry #Legislation #ConferenceInsights

DraftKings, FanDuel Skip Massachusetts Betting Roundtable Ten sportsbook operators, including DraftKings and FanDuel, declined to participate in a roundtable discussion with the Massachusetts Gaming Commission on the practice of limiting bettors. The roundtable aimed to address concerns about the fairness and transparency of limiting winning bettors. Only Bally's attended the meeting, while others requested a closed-door session citing sensitive information. The event has sparked a debate on the legality and ethics of limiting bettors in the sports betting industry #gamblingnews #igamingnews #onlinegambling

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The commercial gaming industry continues to experience record growth, with recent sports wagering expansion playing a key role. While Georgia is not yet a part of that trend, its regulated skill-gaming market also set records this spring. March of 2024 saw high-water marks for handle and player redemption, meaning the amount of money played and value of player winnings, respectively. It also was a top-five month for operator revenue and Georgia Lottery Corporation collections. State-by-state comparisons, even between gambling states, are imperfect but still can help contextualize these large numbers. For example, in March 2024, Georgia saw about $491 million paid into its legal skill games. At the same time, legal sports betting wagers totaled about $457 million in North Carolina and $472 million in Tennessee. March Madness, or just another month in the ever-evolving world of gaming?

Interesting month of real-money online gaming data (NJ & MI reported) for the connectivity between Sports Betting and iGaming. As most know, October was a very 'customer friendly' month with NFL results skewing toward the favorites. This resulted in a low hold month for sportsbooks. But what did that extra money in customers accounts do....generate significant growth in iGaming (NJ: +28%, MI: +38%). In MI, it was the highest growth rate since April 2022. I'd be fascinating to see data from operators on the cross-sell effects when sports bettors win more. Clearly, there is some correlation between winning more sports bets resulting in some 'double down' effect on increasing play on casino games with more funds available to players.

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Tribal Gaming in Focus: Key developments you need to know 💔 Cherokee Nation loses Pope County license as Arkansas voters approve Issue 2, reversing the casino license in a campaign that saw record spending. 🏇 Minnesota sports betting talks heat up with racetrack operators showing openness to negotiate with tribes, marking potential progress for a state-wide sports betting framework. 🎰 WarHorse Lincoln expands as Phase 2 opens with 400 new slots, table games, and simulcast screens, bringing Las Vegas-style gaming to Nebraska.

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