Online Gambling News: New Jersey Boom, Pennsylvania Growth & More
The online gambling industry has undoubtedly been one of the biggest growth areas in recent years and the upward trend looks set to continue for the foreseeable future.
While the past few months have presented some tough challenges for the sector, the overall picture remains hugely positive for companies across the world.
The United States in particular is in the midst of an exciting period, with numerous states working towards offering licensed and regulated online gambling services.
This presents a huge opportunity for casino operators to grow their respective businesses and many have already benefited from the shifting legislative landscape in recent times.
Read on as we take a closer look at some of the latest industry developments and news stories from across the online gambling sector.
New Jersey Booming Online
New Jersey’s online gambling industry continues to burgeon, with the state enjoying yet another impressive month for revenues during July.
Online casino sites in NJ generated $87.4 million last month, a massive jump from the $37.43m recorded for the same period in 2019.
New Jersey online casinos have now smashed through the $2 billion lifetime barrier, highlighting just how huge the industry has become over the past couple of years.
Experts have predicted that August should be another massive month for online gambling, particularly in the as four of the five major leagues continue their seasons.
Exciting Times Ahead for Pennsylvania
Officials in Pennsylvania had been concerned that the rise in popularity of online gambling would have a negative impact on the state’s numerous land-based venues.
However, preliminary revenue figures for July 2020 have estimated that revenues in the Keystone State will once again top .
While the land-based venues continue to sustain themselves, online casino options are also on track to keep growing in Pennsylvania.
Liver dealer games in blackjack and roulette will soon be part of the offering, with the gaming board recently granting licensing approval to Evolution New Jersey LLC.
Michigan Eager to Join the Party
Michigan is currently in the process of setting up its regulatory framework and licensing structure for the in the state.
Legislation was passed towards the end of 2019 to legalise online sports betting, casino games and poker, although interstate play will not be allowed for the latter.
Industry experts have predicted a bumper first financial year for Michigan once they get started, with revenues of $650m expected to be generated during the first 12 months.
Any of the 26 commercial and tribal casinos can partner with gambling operators to offer online services to Michigan’s estimated 10m population.
Pragmatic Play Closes a Deal with 888
Leading game developer Pragmatic Play recently finalised an agreement with 888 Holdings to launch its slot and live casino content on 888casino.
The deal will see the integration of dozens of games from Pragmatic’s portfolio, establishing a foundation for further future collaborations.
The impressive Pyramid King is amongst the slots games that will feature on 888casino after receiving rave reviews from around the industry.
In addition to delivering slots and live casino content, Pragmatic also offers an exciting range of bingo products suitable for both desktop and mobile devices.
Greentube Enters Italian Market
Greentube has extended its successful partnership with 888 by launching its hugely popular portfolio of online casino titles in Italy.
The deal will see 888casino provide Italian players with access to deluxe versions of Book of Ra, Lucky Lady’s Charm, Dolphin’s Pearl and many more.
Greentube’s games have already proved to be a hit with Italian players in land-based venues, and their increased link-up with 888 is exciting news for online gambling in Europe.
The two firms also recently boosted their alliance by launching new games in Sweden, and more collaborations are anticipated in other markets in the future.
888 Agrees Deal with ORYX
888 Holdings recently agreed an exciting deal with ORYX Gaming to integrate their content on its platforms across several regulated markets.
The new arrangement will see 888 incorporate ORYX games and premium titles from partner studios Golden Hero Games, Givme Games, Kalamba Games and Gamomat.
ORYX is part of the Bragg Gaming Group, which offers casino content aggregator, sportsbook, lottery, operational and marketing services.
Its content aggregator combines casino, slots, live dealer, lottery, virtual sports and instant win game content from respected gaming content providers.