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Lottomatica posts record quarter ahead of Milan IPO

Italian gaming operator Lottomatica has reported strong revenue growth in the first quarter of this year as the company prepares to go public with a listing on Euronext Milan. 

Pro-forma first quarter revenue climbed 15 per cent year-on-year to approximately €421 to €423 million following the November acquisition of Betflag, helping [...]

1 min read
Downtown Chicago

Illinois posts sports handle of $875m in February

Illinois’s sports handle increased by 29 per cent year-on-year to $875.4 million in February, but was below $1 billion for the first time since September 2022.

Online wagering continued to dominate Illinois’s betting market and accounted for 97 per cent of turnover at $847.4 million, which was a 30 per cent [...]

1 min read
Indiana Capitol

Indiana sports handle drops 9% in March

Indiana’s sports wagers fell by 9 per cent to $433.0 million in March, against a very strong yearly comparison.

Mobile betting decreased by 8 per cent to $404.0 million, whilst retail betting was down by 21 per cent to $29.0 million.

With March Madness underway, basketball accounted for 52 per cent of [...]

1 min read
888 Holdings

888 Holdings’ online operations offset retail growth in Q1 2023

London-listed betting and gaming operator 888 Holdings has reported a 5 per cent fall in revenue in the first quarter of 2023.

Revenue in the first quarter of the year fell to £446 million from £469 million in Q1 2022, as strong growth in retail was offset by lower online revenue.

The [...]

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Detroit, Michigan

Michigan commercial casino revenue falls 3% in March

Michigan’s three commercial casinos reported a 3 per cent fall in adjusted gross revenue to $119.2 million in March, with declines in both gaming and retail sports betting.

Land-based adjusted gaming revenue declined by 3 per cent to $117.8 million. The MGM Grand Detroit had revenue of $54.4 million (down by [...]

1 min read

Maryland records sports wagers of $386 million in March

Maryland’s sports wagers hit $386.0 million in March as mobile betting on March Madness was available for the first time in the Old Line State.

“There are a few events on the calendar that really drive sports wagering participation, and the NCAA basketball tournament every March is right at the top [...]

1 min read
Des Moines Iowa

Iowa sports wagers fall 3% in Q1 2023

Sports wagers in Iowa fell by 3 per cent to $660.1 million in the first quarter of 2023, after March posted a slight fall in year-on-year turnover to $232.6 million.

Internet sports betting was unchanged in March at $209.0 million, whilst retail betting was down by 6 per cent to $23.6 [...]

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Delta Corp casino revenue hits INR10 billion in FY23

Delta Corp, the Indian gaming and hospitality company, has reported casino revenue above INR10 billion (€113 million) for the first time in its financial year ended 31 March 2023.

Total casino revenue from the company’s land-based and floating casinos grew by 87 per cent to INR10.1 billion in FY 2023, although [...]

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Poland’s STS reports strong growth ahead of UK and Estonia exit

Poland’s STS Group has reported an 11.4 per cent increase in net gaming revenue (NGR) to PLN176 million in the first quarter of 2023.

The Polish bookmaker saw total turnover from operations in Estonia, Poland and the United Kingdom increase by 11.5 per cent year-on-year to PLN1.20 billion in the first [...]

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New York commercial gaming revenue reaches $60m in March

New York’s four commercial land-based casinos recorded revenue of $60.8 million in March, exceeding the $60 million mark for the first time since October 2022.

Total revenue was 7 per cent higher in March, although slot machine revenue from the four casinos was unchanged from the previous year at $40.9 million. [...]

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Montana sports handle jumps 45% in March

The Montana Lottery reported sports handle of $5.8 million in March, which was a year-on-year increase of 45 per cent.

March’s betting performance took Montana's total handle for the first quarter of 2023 to $17.3 million, an increase of 36 per cent on 2022.

Basketball accounted for 79 per cent of Montana’s [...]

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New York mobile betting surpassed $5 billion in Q1 2023

New York’s mobile sports betting increased by 9 per cent to $1.8 billion in March and took total first quarter handle over $5 billion.

FanDuel recorded its best monthly sports handle since launch in March and was up by 10 per cent to $740.1 million, giving it a 41 per cent [...]

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