GINA Insights compares Indian & Michigan OSB markets; MGM Resorts and Caesars struggle for growth in Las Vegas; Alberta iGaming wagers near C$3 billion in Q3; NBA goes all-in on prediction markets; plus this week’s other news from North America.
Q3 OSB comparison: Indiana & Michigan
Indiana narrowly outperformed its neighbour Michigan for online sports betting wagers during the third quarter of 2026.
Indiana’s wagering in Q3 2026 was up by 10 per cent from a year ago, versus a 7 per cent rise in the Wolverine State.
Total online handle in the two states was closely matched on $1.27 billion in Indiana and $1.23 billion in Michigan.
Michigan’s sportsbooks earned a higher quarterly margin of 10.8 per cent, compared with 9.7 per cent in Indiana.
But both states’ win margin was lower than in Q3 2025.
Michigan’s gross win was up by 5 per cent to $133.4 million, while gross win was up by 8 per cent in Indiana at $123.5 million.
Ontario
Combined wagering on iGaming and sports betting in Ontario grew by 14 per cent in September to C$9.71 billion, driven by online casino, which rose by 16 per cent to C$8.50 billion and accounted for 88 per cent of the total. Sports betting was up by just 1 per cent to C$1.07 billion and online poker fell by 10 per cent to C$130 million. Monthly iGaming revenue was at its highest for 2026 so far at C$416.3 million, a rise of 26 per cent, with double-digit growth across all three sectors.
Alberta
Alberta reported the first results from its newly regulated iGaming market, with total wagering reaching C$2.89 billion across three sectors. Online casino games held 79 per cent of quarterly wagers at C$2.28 billion, while online sports wagering totalled C$325.8 million and live casino gaming took quarterly wagering of C$284.1 million.
Nevada
South of the border, Nevada reported no year-on-year growth in monthly gaming revenue for September with a total of $1.28 billion. Slot machines won $948.9 million in revenue, a 1 per cent improvement on the same month last year, while sports betting revenue was flat year-on-year at $54.1 million. Twenty One was the leading table gaming in the state’s casinos on revenue of $94.0 million, while Baccarat was next best game on revenue of $58.6 million.
Delaware
Delaware’s combined iGaming and sports wagers in September increased by 20 per cent to $373.8 million. iGaming wagers grew by 23 per cent to $348.7 million, but sports wagering was down by 9 per cent at $25.1 million. Delaware Park was the leading operator with wagers of $181.4 million, ahead of Harrington Raceway on $102.1 million. Monthly net revenue from sports and iGaming was $15.5 million, a 30 per cent improvement on last year.
South Dakota
South Dakota reported an 11 per cent year rise in gambling turnover for September to $171.9 million. Slot machines in the state’s casinos saw wagering increase by 11 per cent to $162.8 million, while table game wagers increased by 9 per cent to $8.4 million. Sports betting slipped by 31 per cent to $774,837, of which $534,142 came from American football.
Michigan
Michigan’s combined revenue from online sports betting and iGaming grew by 18 per cent in September to $355.7 million. Revenue from iGaming rose 16 per cent to $300.2 million, and online sports betting revenue increased by 27 per cent to $55.5 million, on a 4 per cent rise in wagers to $544.8 million. Combined adjusted revenue from sports and iGaming was 22 per cent higher at $313.0 million, providing a 21 per cent improvement in tax generated to $62.5 million.
New York
New York’s mobile sportsbooks reported a 5 per cent increase in September wagers to $2.40 billion. FanDuel was the leading brand with a 14 per cent rise in monthly wagers to $904.7 million, while rival DraftKings posted a 4 per cent decline in wagers to $840.1 million in second place. A margin of just 6.6 per cent – the second lowest of 2026 so far – meant that monthly gross revenue from mobile betting fell by 18 per cent to $159.4 million.
In the state’s land-based sector, gaming revenue from New York’s casinos soared 220 per cent to $184.3 million in September, as Resorts World NYC dominated the market with $126.7 million, well ahead of Rivers Casino on $20.1 million and del Lago Casino on $15.0 million. Monthly revenue from table games was $53.6 million and $129.3 million came from slot machines. Poker revenue was $798,510 and retail sports betting revenue in the casinos was $641,480.
Wyoming
Wyoming’s five online sportsbooks saw their combined wagering fall by 14 per cent in September to $23.4 million. DraftKings’ wagers fell by 30 per cent to $11.1 million, while FanDuel managed 8 per cent growth to $6.5 million and BetMGM’s wagering fell by 5 per cent to $3.1 million. Monthly gross revenue was 6 per cent higher at $2.5 million, with DraftKings accounting for 54 per cent of the total.
Massachusetts
In Massachusetts, online sports wagers rose by 2 per cent in the first nine months of 2026 to $5.92 billion, despite a 3 per cent fall in September to $766.0 million. DraftKings led the market with wagers of $389.4 million, but this was a 5 per cent decline, while FanDuel showed 3 per cent growth to $199.2 million. A margin of 9.4 per cent meant that monthly gross win jumped by 34 per cent to $72.2 million.
Tennessee
Tennessee’s sports wagers grew by 5 per cent in September to $591.9 million, the highest monthly total of the year to date. After deductions, adjusted wagers were $588.8 million, also up by 5 per cent year-on-year. Privilege fees paid by the state’s sportsbooks were 5 per cent higher at $10.9 million during the month.
Illinois
Back into August, Illinois’ sportsbooks reported $1.03 billion in wagers, which was unchanged year-on-year and the lowest monthly total of the year so far. Sports wagering was divided $1.01 billion from online betting and $15.8 million from the state’s retail sector. Adjusted gross revenue (AGR) dropped by 29 per cent to $76.3 million, split $75.2 million from online betting and $1.1 million from retail.
MGM Resorts International reported a 1 per cent drop in consolidated revenue to $4.21 billion for the third quarter of 2026, as a decline in its US operations offset record results from MGM China.
Caesars Entertainment grew revenue by 2.5 per cent in the third quarter to $2.94 billion, despite ongoing weakness in Las Vegas.
Gaming and Leisure Properties (GLPI) reported record results for the third quarter, as revenue increased by 9.5 per cent to $435.4 million.
Rush Street Interactive reported a 39 per cent increase in revenue to $385.9 million for the third quarter, benefiting from record monthly active users in North America.
Konami Group raised its full-year guidance after growing revenue by 37 per cent in the first half of FY27 to ¥307.98 billion (approx. $1.95 billion), including ¥25.11 billion from its Gaming & Systems segment.
Churchill Downs Incorporated benefited from growth in gaming and live and historical racing to post record revenue of $696 million for the third quarter.
VICI Properties has reported a 6 per cent increase in revenue for the third quarter, alongside a 55 per cent drop in net income.
PointsBet Holdings reported a 16 per cent fall in revenue to A$112.7 million for the half-year period ended 30 September 2026, including $20.9 million from Canada.
BetMakers Technology Group reported a 16 per cent increase in revenue to A$24.7 million in its fiscal first quarter ended 30 September, helping to deliver record adjusted EBITDA of $5.9 million.
Monarch Casino & Resort reported a 2 per cent increase in revenue to a record $146.3 million for the third quarter.
GiG Software reported a 12 per cent drop in revenue to €8.5 million for the third quarter, during which it delivered three brand launches in Alberta.
Betty Canada reported record net revenue of CA$111 million for the third quarter, benefiting from the first contributions from its launch in Alberta.
The Ontario government is looking to establish a competitive land-based gaming market in the Niagara Region, which will initially be open to a maximum of three new operators.
The New Brunswick Government has introduced new legislation to authorize and regulate live casino gaming in the Canadian province.
Polymarket is withdrawing its sports-related event contracts from Michigan under an agreement with the state’s gambling regulator.
The Commodity Futures Trading Commission (CFTC) is suing to stop Utah from banning certain prediction market event contracts.
This week’s games and platform integrations round-up features Playtech’s Origins, Relax Gaming, BGaming, SmartSoft, Pragmatic Play, Play’n GO and Yggdrasil.
Kalshi has filed a federal lawsuit against Louisiana officials, seeking to prevent the state’s gambling regulators from taking legal action against its event contracts.
The National Basketball Association (NBA) has gone all-in on prediction markets after signing agreements with the CFTC, Kalshi and Polymarket.
Peter & Sons has entered Alberta’s regulated iGaming market in partnership with BVGroup’s BetVictor brand.
Gaming and Leisure Properties (GLPI) is making its first investment outside the gaming sector by expanding into the industrial and logistics space.
Resorts World New York City continues to expand its operations as a fully-fledged casino with the opening of a new high-limit gaming destination.
Canada’s Atlantic Lottery Corporation (ALC) has returned net profit of CA$492 million to the four Atlantic provinces during its 2025/26 financial year.
The National Council on Problem Gambling (NCPG) has appointed Charles H. Jeffers II as interim executive director.
Red Rock Resorts subsidiary Station Casinos celebrated the opening this week of North Fork Mono Casino, a new casino resort in California’s Central Valley.
BetMGM has renewed its partnership with the National Football League (NFL) to continue as an official sports betting partner in Canada.
Crypto.com has strengthened its leadership team with the appointment of Mohammed Mortajine as chief compliance officer.
Catena Media is looking to diversify its revenue through a strategic investment in B2B collectibles platform Repackz.