Pennsylvania’s July Casino Revenue Just Set a New Record

Parx Casino PN

The state of Pennsylvania is home to one of the country’s largest casino industries. It seems that business has been good for the gaming properties here. Reports have just surfaced that show Pennsylvania’s July casino revenue has broken new records.

It’s exciting news for the gambling companies here. Pennsylvania is quickly turning into one of the hottest casino markets in the United States. Now is a great time to talk about how long this upward trend will continue.

Let’s get into it!

Breaking Down Pennsylvania’s July Casino Revenue Figures

Pennsylvania is not typically thought of as one of the country’s premier gambling destinations. That could soon change, though. A huge number of land-based casinos are currently operating here. Both online casinos and sports betting are available, too.

It seems the land-based casinos here had their best-ever month last July. Reports on Pennsylvania’s July casino revenue were just released to the public. Some analysts were surprised to hear these properties generated $423 million in total gross gaming revenue.

That has officially broken the record for the most successful month in history for the state’s casino industry. It also smashed June’s revenue figures by more than $35 million. Certain casinos here managed to perform far better than others.

The Parx Casino in Bucks County saw the highest GGR at $64 million. Rivers Casino Pittsburgh came next at $34 million. Meadows Racetrack and Casino in Washington also had a successful month, bringing in $20.6 million through their casino operations. Some are now wondering how long the casinos in this state can keep this momentum going.

Will PA’s Casino Industry Continue to Break Revenue Records?

Pennsylvania is home to a huge number of world-class casinos. For much of 2020, all of these properties were shut down and saw their revenue figures plummet. Things have turned around and casinos in the state are now experiencing their highest revenue figures to date.

Analysts are now questioning how long this trend will continue. There is reason to be optimistic. August and September tend to be great months for the US casino industry. It would not be a shock to see new records set during these months.

Things are almost certain to cool down for land-based casinos over the winter months. Fortunately, the state’s online casino options will likely help to make up for some of the lost revenue. Pennsylvania has already generated a huge amount of revenue from its internet casino operations set in place a few years ago.

Pennsylvania may be on track to becoming the largest casino hub in the Northeastern United States. The sports betting industry also appears to be thriving. Now is the perfect time to look at how much the sports gambling operators managed to bring in last month.

Pennsylvania’s Sports Betting Revenue Takes Slight Dip in July

Lawmakers in Pennsylvania have truly begun to embrace the sports betting industry over the past few years. Sports betting became legal here toward the end of 2018. Both land-based and online sportsbooks are legal and regulated in the state.

Like most other areas of the country, Pennsylvania saw a dip in its sports betting revenue last July. $304 million was placed on sports bets last month. The sports betting operators here managed to bring in a combined $27.5 million in revenue.

July tends to be the worst month of the year for the sports betting industry. This is largely due to the lack of major sporting events that take place. Most analysts expect to see a large increase over August and heading into the fall with the start of the 2021/2022 NFL season.

Are you surprised to see Pennsylvania’s July casino revenue? Will another record be set in August? Let us know in the comments section below!

Atlanta Falcons Partner With Independent DFS Operator PrizePicks

NFL Quarterback With a Football Stats Background

With sports betting still not legalized in Georgia, the Atlanta Falcons are giving their fans the closest thing to it – Daily Fantasy Sports.

In a first for the franchise, the Falcons are partnering with DFS operator PrizePicks for a one-year deal ahead of the 2021 NFL season.

The Falcons’ deal is the first for the Atlanta-baed startup with an NFL team. Currently, PrizePicks has partnerships with the MLB’s Atlanta Braves and esports organization Ghost Gaming.

Said PrizePicks CEO Adam Wexler:

“Arthur Blank built Home Depot from the ground up here in Atlanta before going on to own the Falcons, and his commitment to the city and region has never wavered. We like to believe PrizePicks shares some of that DNA, and we believe this partnership can not only benefit our respective fans and customers but also help cement a new major B2C brand from the city of Atlanta, something which would reinforce its reputation as a technology hot spot.”

Daily Fantasy Sports Partner

PrizePicks is the largest independent DFS operator in North American. As the Falcons’ Daily Fantasy Sports Partner, PrizePicks will become the presenting sponsor for the Falcons’ “Gameday Predictions” during the upcoming NFL season. The fan-based predictions poll engages fans before Falcons’ games and features a particular Falcons skill player each week.

PrizePicks will also host an estimated 500 people at the Mercedes-Benz Stadium on September 8th for a fantasy draft event. Guests will include Falcons’ season ticket holders, PrizePicks platform users, and former Atlanta Falcons players. PrizePicks members will also get an opportunity to win game tickets and “Terrapin Tailgate” passes to selected games during the 2021 NFL season.

Sports Betting Might Not Go Live Until 2024

Atlanta’s sports teams have pushed to legalize sports betting in Georgia but those efforts have failed again this year. Online sports betting advocates hope that the measure can be passed and placed on the ballot next November after making headway during the last session. However, it is unclear if sports betting is among the priorities of Georgia lawmakers during the next session.

Industry experts believe that legal mobile betting in Georgia won’t go live until 2024. That means that we are still a couple of NFL season away from that. Therefore the Atlanta Falcons having a real-money daily fantasy partner in PrizePicks helps in engaging fans who want to try their luck while watching the games. And this agreement with PrizePicks could be a precursor for future deals in the gambling industry.

Governor John Bel Edwards Signs Louisiana Sports Betting Bill

Lousiana State Seal With Casino Background
Legal Sports betting is on its way to Louisiana after Gov. John Bel Edwards signed Senate Bills 247 and 142 on Tuesday.

With both bills signed, all elements are now in order for Louisiana’s casinos to apply for legal sports betting licenses, build their own retail sportsbooks, and line up their partners to handle online and mobile sports betting.

Earlier this month, the Governor already signed House Bill 697 which set up the taxes and fees for legal Louisiana sports betting. 

Said Senate President Page Cortez:

“SB247 fulfills the wishes of the citizens in the 55 parishes that approved the referendum last fall to allow sports wagering and SB142 will help direct funding derived from this activity to early childhood education.” 

The only state in the Region With Online Option

Once launched, Louisiana will be the only state in the region to have an online and mobile sports betting option. Casinos in the bordering states of Arkansas and Mississippi allow only face-to-face sports bets made at retail sports betting shops. Meanwhile, Texas neither has casinos of legal sports betting.

The online option was added to the Louisiana legislation after Cortez noted before the legislative session began last April that sports betting would raise significant income if bets were allowed online or using mobile devices. The Senate President cited an AP report that 85% of the total sports bets placed nationwide during the first two months of the year were via mobile or online option.

Tax Rates are Set

Louisiana’s current gaming license holders, including riverboat casinos and racinos, will be required to pay a $250,000 fee to apply for a sports betting license plus another $500,000 after the approval of an initial five-year license.

Each of the present 20 gaming license holders in the state will be allowed two skins for mobile betting. Online sports betting will be levied a 15% tax on net revenue while bets placed at brick and mortar sportsbooks will be required to pay a 10% tax to the state.

Targeting the Football Season

With the Governor’s signature in place, legislators are targeting the start of the football season for the Louisiana sports betting launch. The National Football League’s preseason begins on August 5th and the regular season start on September 9th. Louisiana is the home of the NFL’s New Orleans Saints.

Aside from the Saints, Louisiana has other prominent sports teams like the NBA’s New Orleans Pelicans and the NCAA’s Louisiana State University which has popular programs in both basketball and football. It is also home to the New Orleans Gold of the National Rugby League.

 

Excitement Grows Over the Entertainment at Resorts World LV

Katy Perry

Only a few days remain until Resorts World Las Vegas finally opens its doors to the public. It’s expected to be one of the most incredible venues ever built. There is now some real excitement growing over the entertainment at Resorts World LV.

As many are aware, this property is going all-out in an attempt to bring in visitors. These efforts are likely to pay off in a major way. Now is a great time to talk about some of the exciting shows taking place inside this venue in 2021.

Let’s get into it!

Las Vegas Braces for the Opening of a New Casino-Resort

The city of Las Vegas is home to some of the best casinos on the planet. Every once in a while, a brand-new resort opens its doors in this city. These new properties tend to generate a massive amount of hype and interest from gambling fans around the country.

On June 24, Resorts World Las Vegas is set to open its doors to the public. Many have likely heard of this property. It has been under construction for years and at $4.3 billion is the most expensive casino-resort ever built in this city.

This new resort is opening in the northern area of the Las Vegas Strip. This area of the city was slightly less-visited than the more central area of the Strip in the past. Now with properties such as Resorts World LV and Wynn Resorts properties, it is bringing in a huge surge of visitors.

The entire city of Las Vegas seems to be bracing for a new surge of visitors this summer. Much of that will likely be due to Resorts World Las Vegas. The owners of this property are promising that this will end up being one of the most impressive gambling venues ever built.

More details on this property are coming out as its opening date draws closer. That includes information on the incredible new cashless gaming system being set in place here. This makes it one of the first US casinos to truly embrace cashless gambling.

We are now beginning to hear more about the entertainment options in this property. Here’s a quick look at some of the shows launching at Resorts World over the next few months.

Here’s a Look at the Entertainment at Resorts World LV

The resorts in Las Vegas attract some of the biggest performers in the world every year. Oftentimes, the newer properties tend to bring in the bigger acts. Resorts World Las Vegas is working hard to offer a huge number of major shows for its visitors.

With just a couple of days until its grand opening, more information on the entertainment at Resorts World LV is starting to come out. Many are excited to hear what will be on the docket. The owners of this venue have confirmed that Celine Dion, Carrie Underwood, Katy Perry, and Luke Bryan will all be set to hold shows inside this property’s 5000-seat arena.

Each of these four acts is able to draw in visitors. It seems likely that many will head to Resorts World to enjoy the different shows taking place. Scott Sibella, President of Resorts World Las Vegas, spoke about the property’s opening to the media this week.

“Unfortunately we were building this place during the worst time we’ve ever experienced. The pandemic held us back from talking about this property a lot,” he said. “We thought, who are we to announce things like this when people don’t have jobs and can’t leave their houses? And a lot of people don’t really know where Resorts World came from, so we have a lot of catchup to do in educating people… Our goal is to be the best in class of everything, not just entertainment, but it’s a really big piece. We’ve committed to creating a state-of-the-art theater like no other [venue] in the world, and we knew that building had to have the best entertainers and we had to find the right people to make a statement.”

Resorts World Las Vegas wants to excel in just about every way possible. It’s clear that Sibella and other officials believe major entertainment options will be a great way to boost visitation rates. More major acts will likely be announced over the next six months.

The summer of 2021 is shaping up to be a good one for Las Vegas. So, how are some of the country’s other major gaming hubs faring right now?

Casino Revenue Continues to Increase in the US

Las Vegas is far from the only casino destination in the US. A huge number of states across the country are home to popular casinos. Most of these casinos have seen their revenue figures increasing throughout 2021.

The gambling market in Pennsylvania has been steadily improving throughout 2021. Here, both land-based and online casinos are currently operating. Revenue figures here have now reached pre-pandemic levels and are expected to keep rising as the year goes on.

Gambling earnings over in New Jersey have been steadily rising throughout 2021, as well. In May, gambling revenue increased here for the third month in a row. Many of the casinos here are now undergoing major renovations, preparing for a new surge of tourism over the summer months.

This trend doesn’t appear to be slowing down anytime soon. Based on the current trend, it seems likely that casino revenue will continue to increase throughout the year. Many will head to their local casino destinations to take part in the gambling and entertainment options available.

Las Vegas remains the biggest, most profitable gaming hub in the country. Tourism rates continue to increase here and some incredible new properties are set to open their doors in the city soon. It’s a great time for gaming hubs around the country.

Are you excited to hear about the entertainment at Resorts World LV? Do you plan on visiting this property in 2021? Let us know in the comments section below.

Hollywood York Casino Sets Earlier Opening Date

Penn National Gaming
The Hollywood York Casino at the York Galleria in Springettsbury Township in Pennsylvania has advanced its opening to August 2021, pending regulatory approval.

The Pennsylvania casino was supposed to open at the end of 2020 but the Pandemic changed its timelines. The opening was pushed back to later this year but now is expected to open in the middle of the year.

Drawing Customers From the Region

The opening of the 80,000 square foot casino is expected to draw customers from the region, specifically from south central Pennsylvania and Northern Maryland. It is located at the former Sears store at the York Galleria Mall which has a total of 50 tenants. The casino is considered as a mini-casino which is called a Category 4 casino. It is owned an operated by Penn National Gaming Corp.

The Pennsylvania casino cost a reported $120M to develop. It will have a total of 500 slot machines and 20 table games but that number could balloon to 750 slots and 40 gaming tables as allowed by law. Hollywood York Casino will have a restaurant, bar, entertainment lounge, and a coffee venue. It will also be allowed to have a sports book and a race book.

Penn National Gaming Opens Career Center

With the new development regarding the opening of Hollywood York Casino, Penn National Gaming announced on Thursday that it will be opening a career center near the location of the news Pennsylvania Casino. The career center will be open from Mondays to Fridays from 10:30 am to 5:30 pm with working hours to expand in the near future.

In its announcement, Penn Gaming revealed that it has begun accepting applications for various jobs at the Hollywood York Casino. Applicants can file applications for positions in casino operations, food and beverage, security and surveillance, human resources, marketing and many more.

Gun Lake Casino in Michigan Unveils $300M Expansion

Man With Spyglass and a Gun Lake Casino Image
The Gun Lake Tribe announced on Monday a $300M expansion plan that will transform its property in Wayland, Michigan to a resort casino.

Gun Lake Casino is set to add 250,000 square feet of gaming that will extend the property west toward US – 131. The project is expected to begin after its current project is expected to complete late this summer.

Said Gun Lake Tribe chairman Bob Peters in a statement:

“We are proud of the continued growth of Gun Lake Casino which is directly connected to the outstanding effort of our team members. The tribe remains steadfastly committed to reinvest in our collective future, for the benefit of tribal citizens, team members and the local community. This will provide even more employment opportunities and enhance Gun Lake Casino’s position as a tourism driver for western Michigan.”

Biggest Expansion Ever

The Gun Lake Casino has undergone several expansions since it opened in 2011. The current $100M expansion that kicked off in 2019 involves a 72,000 square foot area where 450 additional slot machines, 12 new table games, and a larger non-smoking area inside the casino. However, the planned $300M expansion will be its largest ever.

The $300M expansion is expected to include a 250 room hotel with luxury suites, dining options, and a full service spa. The casino is also planning to recreate its version of a year-round island oasis with a glass-domed pool. Guests will be able to rent private cabanas by the pool during the day. At night, the place will have a night life public entertainment space with DJs, live music, and dancing.

Contributions to the Economy

According to a report released by the Tribe last February, the Gun Lake Casino has contributed more than $2.8B for the economy of the Wolverine State since its opening on February 20, 2011. In that report, the tribe says that they have already inverted a total of $415M in the casino while directly pays $502M in employee wages.

Nearby towns and cities also benefit from the operation of the Gun Lake Casino through revenue sharing which totaled $35M in the past decade that it has operated. Last December, it distributed a total of $5.7M to state and local governments, despite shutting down for three months due to the COVID-19 pandemic.

Legends Bay Casino in Sparks Has Broken Ground

Pennsylvania Casinos

Olympia Gaming announced on Wednesday that the long-planned Legends Bay Casino in Sparks has broken ground.

The Sparks casino, located adjacent to I-80 at Sparks Boulevard in The Outlets and Legends shopping center, approximately 15 minutes from the Reno-Tahoe International Airport, is the first casino built from the ground up in the Reno-Sparks metropolitan in the last 26 years. Construction is expected to be completed in 2022.

Said Olympia Gaming Chief Operating Officer DeCourcy Graham in a statement:

“This project is 14 years in the making. After successfully completing the first phase of this project with the Hampton Inn & Suites by Hilton and the Residence Inn by Marriott, we are now in a position to begin the next phase of development. We thank the City of Sparks and RED Development for helping bring this project to reality. We plan to build a project that the community will be proud to call their own.”

Part of the Original Plan

The Sparks casino was part of the original plan of the shopping complex that opened in 2009 but construction was put on hold due to the recession and the decline in casino revenues in the Reno-Sparks area due to competition from tribal casinos in Northern California.

Since then, it has taken more than a decade of planning. In October 2020, Olympia Gaming received an approval to change its original floor plan of the exterior of the Legends Bay Casino. The ongoing pandemic held back construction plans for the Sparks casino. But with the state of Nevada slowly easing restrictions, the project has finally broken ground.

Integrated to The Outlets at Legends

The 80,000 square foot property will include a a casino equipped with new slot machine technologies, a variety of table games, multiple dining options, a handful of bars, a sportsbook, plus large space and valet parking.

Olympia Gaming officials said that the planned casino will be seamlessly integrated to The Outlets at Legends shopping mall to provide its guests with retail and entertainment options aside from enjoying its casino games. According to Graham, having a casino experience at the heart of the shopping center is a big “opportunity” for the company.

Wisconsin Governor Signs Approval for Ho-Chunk Casino in Beloit

4 Ho-Chunk Casino Fronts
Wisconsin Gov. Tony Evers gave his approval for the Ho-Chunk Nation to build a casino complex in Beloit on Wednesday, clearing one of the major hurdles in the long-planned project.

Evers’ signing comes one year after the Bureau of Indian Affairs gave its initial approval, six years after former Gov. Scott Walker blocked a proposed gambling hall in Kenosha that was proposed by the Menominee tribe, almost seven years after the application was filed, and 22 years after Beloit residents approved the project in a referendum.

The complex is located just West of Interstate 39/90 and would sit on Wisconsin’s border with Chicago, making it an easy draw for out-of-state visitors. According to Beloit City manager Curtis Luther, the project will create more than 2,000 construction jobs and 1,500 permanent jobs when operational.

Second Biggest Casino in Wisconsin

Once it is completed, the Ho-Chunk in Beloit will be the second largest casino in Wisconsin after the Potawatomi Hotel & Casino in Milwaukee. The Ho-Chunk project will boast of 2,200 slot machines, a 300-room hotel tower, a 40,000 square foot waterpark, five restaurants, a retail shopping venue, concert venue, and a conference space, all of these on 73 acres of land.

According to Ho-Chunk tribe spokesman Sarah Lemeiux, the Beloit casino will likely be a smoke-free property, unlike some Wisconsin casinos. The state has an indoor smoking ban but since the casinos are owned by the tribes, they are not bound by the state law because they are considered as sovereign nations.
es of land.

Off to Bureau of Indian Affairs For Final Approval

Now that Evers has signed off his approval, the Bureau of Indian Affairs can consider giving the Beloit casino project final approval by putting 32 out of the project’s 73 hectares into federal trust. Once that is completed, Evers and the Ho-Chunk tribe will have to negotiate their agreement on casino operations, including how much of the casino’s revenues goes to the state.

Since the project is for an off-reservation casino, the governor did not have the power to veto it under the federal rule. But that option wasn’t in the cards as far as the Beloit casino is concerned because Gov. Evers had voiced his support for the Ho-Chunk casino project even before his election to office in 2018.

Connecticut Governor Throws Support for State Sports Betting Bill

Odds Board and Money
Gov. Ned Lamont said last week that he is working on bringing sports betting and iGaming to Connecticut. Per Gov. Lamont, he has been talking to the state’s two tribal casino operators about adding sportsbooks and online gaming to their services.

Said Gov. Lamont about residents heading to nearby states to make sports bets:

“Connecticut should not leave these opportunities for other states to benefit from our inaction.”

Senate Bill 146

SB 146 would authorize the Mashantucket Pequot Tribe and the Mohegan Tribe of Indians to conduct both retail and online Connecticut sports betting on tribal land. The two tribes would also be allowed to run online casino businesses.

Furthermore, the bill proposes that the Connecticut Lottery Corporation to sell lottery game tickets and organize online keno games. The bill also states that the legalization of Connecticut sports betting, online gambling, as well as selling of game tickets and online keno games are subject to “new or amended agreements” with the Native American tribes.

If Senate Bill 146 is accepted, a reasonable set of procedures and data security standards for internet gaming need to be set-up. Likewise, Connecticut sports betting and online gambling will provide revenue to the state in the form of taxes.

Legalization Won’t Happen Overnight

Although the bill’s proposal has been filed, it doesn’t necessarily mean that legalization will happen overnight. The Connecticut General Assembly still has to vote on the bill during the 2021 legislative session, which will conclude on June 9th or four months for legislators to decide whether or not to approval legal Connecticut sports betting.

But COVID-19 has affected badly the revenues of Connecticut, as it has the other states in the U.S. Some lawmakers said last week that legal sports betting can help the state offset revenue losses and that could be enough to convince lawmakers to help pass the bill.

If passed, the bill won’t take effect until 2022, just in time for the fiscal year 2023. According to Democratic lawmakers in the state, if legal Connecticut sports betting goes as planned and the bill is passed, they could see an increase in annual revenues by $47.3M in 2023.

Cowboys, Mavericks Throw Support for Legal Texas Sports Betting Bill

Texas State Flag
Sports Betting Alliance says that the Dallas Cowboys, Dallas Mavericks, and Texas Rangers have thrown their support for legal Texas sports betting.

The Alliance, which is a coalition of companies backing the proposed sports betting bill, revealed that the Cowboys, Mavericks, and Rangers have joined the Dallas Stars and FC Dallas in backing the legislation to legalize sports betting in the Lone Star state.

Since gambling is banned in the state constitution, legal Texas sports betting will need the nod of two-thirds of both the House and Senate to amend the constitution. After that, another bill will have to be passed to enact the details of licensing and regulation. Then it will have to be approved by a majority of Texans in a vote.

What Does the Bill Say?

The current version of the legal Texas sports betting bill provides for the state to sell “skins” or permits to sports betting operators who partner with a sports franchise or a horse racing track. Some skins will only allow online legal Texas sports betting, while others will permit the on-site betting in sports stadiums and horse-racing tracks.

Licenses would cost $500,000 for mobile Texas sports betting and $50,000 for on site operators. Renewal fees would also be collected with the Texas Department of Licensing and Regulation in-charge of issuing the skins.

Only players aged 21 and older are allowed to wager on sports. The list of sports available for betting was not available but under the bill, betting on college sports in permitted. According to the bill’s author, Houston Republican Rep. Dan Huberty, bettors would receive a maximum of 90% of their winnings. The remaining 10% will go to the Texas special education fund.

Limited Gambling in Texas

The only forms of gambling that exist in the Lone Star State are the Texas Lottery, bingo, plus some horse and greyhound racing. Native American tribes have fought for years for the expansion of gambling, citing their right as Federally recognized tribes and sovereign nations to do so, but they have failed. Only the Kickapoo Nation currently owns a casino in the Lone Star state. But the casino doesn’t have the traditional slot machine games and other Las Vegas-style table-games.

Because of limited gambling in Texas, residents are currently engaging in Illegal sports betting. Since there legal Texas sports betting doesn’t exist, they have been forced to turn to offshore or unofficial sports betting sites that don’t provide customer protection.

The Dallas News reported that Texans are spending $2.5B in out-of-states casinos. If legal texas sports betting is approved, Rep Hubert said that it could be worth several hundred million dollars of new revenue to the state without raising taxes.