Industry News of the Day for April 17, 2024
Industry News
- iGB: US Set For First National Self-Exclusion Scheme
- The National Voluntary Self-Exclusion Programme (NVSEP) will go live in the US this summer, subject to regulatory and other necessary approvals. It will initially go live in New England before being expanded to other states in the following months. The NVSEP will allow users to self-exclude irrespective of geographical location. In addition, the new scheme groups together current regulatory information and evolving public health resources from across the US.
- PlayUSA: Caesars Digital Launches New Online Casino Content With Greentube In NJ And MI
- Continuing its pursuit of expansion, Caesars Digital has recently partnered with Greentube, a division of Novomatic Digital Gaming and Entertainment, to augment the online casino games in New Jersey and Michigan. It is important to note that Greentube isn’t new to the US online casino market, as mid-last year, the operator was awarded a supplier license in Pennsylvania. Being that Greentube has been on a mission to take up more space in North America since its debut in 2021, it is likely that they have more state launches up their sleeves
North Carolina
- NCSharp: North Carolina Sports Betting Market Off To A Rousing Start, As $659 Million Bet In First 3 Weeks
- The first numbers are in for North Carolina sports betting. Roughly $659 million was bet in the 21 days the market has been open. Gross wagering revenue, the state’s term for the adjusted revenue of total wagers minus fees, promotions and paid winnings, was $66.5 million from March 11 to March 31. The state will collected an estimated $12 million in tax revenue on that amount.
Michigan
- PlayMichigan: Michigan Scores Well On Two Concerns: Illegal Gambling And Cannibalization
- Michigan scores at or near the top of the gambling industry when it comes to addressing two of the sector’s biggest fears: cannibalization and illegal gambling. Both have been taking up many of the headlines in the gambling space as of late, especially in Michigan. Recently, National Council of Legislators from Gaming States President, Shawn Fluharty, spoke about the fear of online casinos hurting the health of retail casinos (cannibalization) and the rising concern of illegal gambling. Both retail and Michigan online casinos have proven they can coexist.
Pennsylvania
- PlayPennsylvania: Pennsylvania Online Gambling Participants Increased Nearly 5% In 2023
- The Pennsylvania Interactive Gaming Assessment, authored by Penn State University, announced that the amount of online gambling participants saw a significant increase last year. The report indicated that 16% of Pennsylvania adults indulge in online gambling, which is up from 11.1% in 2022. Because of the uptick in participation, revenue, as well as problem gambling statistics, have also grown over the past year.
Indiana
- Gaming Today: Indiana Sports Betting Handle Crosses $500 Million for Fourth Time
- Indiana’s sports betting industry bounced back strongly in March, adding almost another $100 million to February’s tally. The Indiana Gaming Commission reported that the state collected $500.8 million in sports betting handle in March, which was the fourth time in more than four years that Indiana passed $0.5 billion in wagers. Betting handle was up more than 20% from February’s dip in wagers.