Success Stories: iGaming - March 2022
In success stories, we profile some of the key stories in iGaming this month, focusing on areas of growth, resilience and innovation.
More fantastic growth in the US! We also cover peaking Italian revenue in Europe, and some great responsible gaming figures and initiatives in Scandinavia.
More than 17% of all American adults plan to bet on March Madness 2022, with a total of $3.1bn (£2.4bn/€2.8bn) expected to be wagered on games, according to the American Gaming Association (AGA).
Players in Louisiana staked $211.0m (£160.4m/€190.7m) during the first full month of legal online sports betting in the US state.
A bill to permit sports betting, daily fantasy sports and online poker in Kentucky has passed the state house and been assigned to a Senate committee, after an amendment to mandate a $1,000 daily loss limit was rejected.
Kentucky House Bill 606 would allow operators to offer online and in-person sports wagering, fantasy contests and online poker.
February internet gaming gross receipts were a Michigan record $122.78m, exceeding the previous record of $121.8m set in December 2021. The figure was also up by 53.8% compared to $79.7m in February 2021.
A Minnesota house legislative committee has adopted two bills that would both allow for online sports betting to be conducted by the state’s 11 federally recognised Native American tribes.
Gambling revenue in New Jersey hiked 29.5% year-on-year to $373.3m (£283.5m/€338.4m) in February, despite a 33.2% decline in sports betting revenue.
Player spending on iGaming in Delaware increased 11.4% year-on-year in February, while revenue from the state also climbed 12.2%.
Iowa’s sports betting handle increased 50.4% year-on-year to $215.9m (£165.3,/€197.0m) in February, while the state also experienced an 11.7% rise in revenue.
Players in Indiana bet a total of $409.1m (£313.3m/€373.4m) on sports during February, while taxable adjusted gross revenue from sports wagering in the month hit $17.0m.
Players in Oregon wagered $39.5m (£30.0m/€35.8m) on sports online during February, while gross gaming revenue from sports betting reached $3.3m for the month.
Consumers in Rhode Island spent $58.6m (£44.8m/€53.8m) on sports betting in January, the second-highest monthly total since legalisation in November 2018.
Consumers in New York staked a total of $1.54bn (£1.17bn/€1.42bn) on internet sports betting in February, while gross gaming revenue from online wagering reached $91.7m.
Consumers in Virginia wagered a total of $485.5m (£365.4m/€442.4m) on sports during January, a new monthly record for the US state.
Consumers in Colorado wagered a record $573.7m (£430.6m/€516.7m) on sports in January, while revenue for the month amounted to $34.6m.
Italian iGaming revenue reached €324.9m, the highest total in eight months, thanks mostly to record high revenue from online casino games.
Revenue across all online verticals came to €324.9m, the fifth-highest figure ever recorded in a month.
The month-on-month growth was mostly thanks to another record high in online casino revenue, which reached €171.0m in January, 5.0% more than in January 2021 and breaking the record of €165.5m set the previous month.
Swedish gambling regulator Spelinspektionen has entered into a new partnership with the Sportradar Integrity Services arm of Sportradar.
Under the deal, Sportradar will monitor a range of sports and competitions in Sweden and flag any suspicions of match-fixing to Spelinspektionen.
The regulator will also have the opportunity to work with Sportradar on initiatives to assess the risk of manipulation in certain sports.
A survey commissioned by Finnish lottery monopoly Veikkaus revealed that the amount of problem gamblers in the country has fallen by 0.8% year-on-year to 1.8%.
In addition, 59% reported gambling in the 12 months before the survey, which was an increase of 9.2% year-on-year.
This estimated that 75,000 people in Finland experienced problem gambling between November 2020 and November 2021, or 0.8% of the population. This is opposed to 100,000 people between April 2020 and November 2020, which made up over 2% of the total population.
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