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 Super Bowl stadium emerges as popular betting venue




Super Bowl stadium emerges as popular betting venue
Published: 2022-09-27

The stadium, which will host Super Bowl LVII in February, is near the top of GeoComply’s analysis of transaction volumes coming from NFL stadiums.


“Seeing data from many of these games that shows more than 10 percent of NFL fans in stadiums are engaging with licensed sportsbooks is a clear win for states that choose to regulate sports betting. This wealth of data is so important for lawmakers and sports leagues to determine sports betting policies in their states and at their stadiums.”

 

It will likely prove a betting bonanza as Arizona becomes the first regulated sports betting state to host the Super Bowl since PASPA was overturned in 2018.

Over the first two weeks of the NFL season, home opening games were played in the regulated states of Arizona, Colorado, Illinois, Louisiana, Michigan, New Jersey, New York, Pennsylvania and Tennessee.

The Philadelphia Eagles’ Lincoln Financial Field was the busiest stadium during weeks one and two. Remarkably, even with only one other active NFL game to wager on, volumes skyrocketed to 76,400– more than any stadium in the first two weeks of the season.

Even though Steeler nation didn’t keep pace with Eagles fans, their nearly 40,000 transactions in and around Acrisure Stadium on Sunday amounted to 28 percent of all activity for the city of Pittsburgh during the recorded time period.



Based on the data, bettors at the Ravens v. Jets game were more active at MetLife Stadium in week one than those at the same stadium for the Panthers v. Giants game in week two. Both teams played on a Sunday.


Over 44,300 geolocation checks were recorded in week one by 8,800 fans at the Jets game, but when the Giants returned to the Metlife Stadium this past weekend 38,800 checks were logged by 800 fewer fans (unique accounts).

 

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Virginia Beach business owners have pulled the plug on skills games in compliance with a newly initiated ban. 

Super Bowl stadium emerges as popular betting venue

Virginia Beach business owners have pulled the plug on skills games in compliance with a newly initiated ban, according to a local report in The Virginian-Pilot.

The city of Virginia Beach began enforcing Virginia’s statewide ban on skill games as of November 26. The state passed a law banning skill game kiosks during 2020. However, the restriction was lifted at the beginning of the Covid-19 pandemic to provide “desperately needed revenue for small businesses.”

 

 

Following the 2020 ban, the gaming industry pushed back to appeal the matter in court. Both groups reached a legal standstill in December 2021. Up until the recent ruling, no formal decision had been made on the case.

To end the two-year legal dispute, the Virginia Supreme Court recently ruled in favor of banning games of skill.

Several state lawmakers asked Governor Glenn Youngkin to delay enforcing the ban because of the impact it could have on small business owners, according to the local report. Eleven senators and delegates sent a letter earlier this month, detailing their reasons why the ban should not be enforced at this time.

The letter reads, “Small businesses in our communities are reeling and fearful that they may be forced to lay off employees or even close their doors for good without the income and stability these games provide.We collectively request that your administration and the departments it oversees delay enforcement of the skill games currently in operation until the (legislature) can convene in 2024 to develop clarity.”

Though skill games are now banned in Viriginia, the state’s Lottery Board recently gave Danville’s Caesars Virginia casino an operating license for its temporary casino location, which opened this spring.

 

 

Caesars said it expects its permanent casino to open in 2024. Caesars Virginia is the third casino to take up residence within Virginia’s borders.



Loto-Québec does not understand why the proposal to reduce the number of VLTs in the city of Montreal by 20 percent. 

Super Bowl stadium emerges as popular betting venue

Months ago, Montreal public health has made a recommendation against the proposed plan to install around 300 video lottery terminals at Taverne 1909, a four-storey building next to the Bell Centre.

 

 

A nearly 40-page report on the proposed gaming centre details the potential harms associated with opening a mini-casino-type establishment in the heart of the city's downtown, a stone's throw from the Montreal Canadiens' home arena.

 

 

According to Montreal Public Health data, the number of visitors to the Montreal Casino has steadily decreased since 2005, but online gaming has gone up significantly.

The report says a new gaming hall would "result in a substantial change in the supply" of gaming machines.

 

 

Concordia sociology professor Sylvie Kairouz helped write the opinion for public health. She said that research from the past two decades has shown that VLTs are "built for addiction."

"They are, in terms of the way they work, the way they reward the player, the speed of the game, there are all the electronic dimensions of those machines that make them very addictive, which means that people are more likely to lose control when they gamble on those machines compared to any other type of gambling activity," she said.

The report added that VLTs at a depanneur or local pub do not have the same impact as those in a space like the Bell Centre with its massive crowds.

"We're bringing them at the centre where there is the most people circulating among the residents, but also from outside other areas that are coming to this hub actually," said Kairouz.

 

 

Drouin speaking with media but not with us

In a statement, Loto-Québec said it was taken aback by Drouin's public statements."We are stunned that Montreal Public Health would decide to send its report — and grant interviews — to journalists, instead of the main party concerned, Loto-Québec," reads the statement.

"We're especially surprised given that we've been working with Montreal Public Health on this matter for two years."

Loto-Québec also said it has a hard time understanding why its plan to reduce the number of video lottery machines by about 600 would be considered a bad idea.

Canadian Gaming Association: Illegal gambling a sign some provinces need a new model.

 

 

According to Canadian Gaming Association President and CEO Paul Burns, the answer to the problem is to look west at the regulated, competitive, Ontario model.

The governments there can do what Ontario did and create a regulated marketplace, with consumer protections and choice,” he said. “Like with any jurisdiction, the solutions are within their control. And they can design the market so that it fits their region. Each province has to decide what’s best for their marketplace. That’s what Ontario did. After a lot of consultation, they came up with a plan.



Secretary of State Jay Ashcroft has signed off on ballot language, but 170,000 signatures are still needed. 

Super Bowl stadium emerges as popular betting venue

Missouri Secretary of State Jay Ashcroft has signed off on ballot language for a sports betting campaign. One version, of eight, will be put to a vote and require 170,000 signatures from Missouri locals to place the question fully on the ballot.

Missouri’s professional sports teams have been petitioning for legalized sports betting since September. Meanwhile, republican Representative Dave Griffith proposed in October that the Show-Me State should boost taxes on casinos and legalize sports betting to generate more revenue that would go to nursing homes providing care to military veterans.

 

 

The St Louis Cardinals baseball team, St Louis Blues hockey team and St Louis City soccer club have all been part of the movement, but the Cardinals have taken the lead. Cardinals president Bill DeWitt III recently said the next step would be to discuss strategy with the mobile gaming app industry for signature collection within the next two weeks.

 

 

Pro sports teams getting frustrated they view sports wagers as a competitive disadvantage.

DeWitt said of the signature process, “I would be thrilled if we could get legislative action because then we wouldn’t have to do it. I’m hopeful, but I’m also being realistic.” He also hopes to avoid a costly media campaign, which may be possible if the House and Senate could reach an agreement by spring.

According to local reports, a Remington Research Group poll on behalf of the Missouri Scout political newsletter found that of 711 voters 54% opposed legal sports betting, 26% were in favor of it and 20% were not sure how they felt at this time.



Atlantic City Casino Revenue Tops 2019 Levels but… 

Super Bowl stadium emerges as popular betting venue

Compared with October 2019, last month represented a nearly 13% improvement in legacy gaming, which is defined as in-person gaming. The $228 million includes revenue won by physical slot machines and table games in Atlantic City.

October wasn’t an exception, as 2023 has been good for the land-based casinos throughout most of the year. Through 10 months, gross gaming revenue (GGR) for the nine physical casinos is $2.4 billion. That’s a 1.9% improvement in 2022 and 6.5% better than the same 10 months in pre-pandemic 2019.

 

James Plousis, chair of the New Jersey Casino Control Commission, say that last month was the second-best October in 12 years for brick-and-mortar properties.

 

Continued Growth

Last month was also a strong showing for New Jersey’s online casinos and oddsmakers that take bets in-person at the nine casinos and three horse racetracks via the internet through their third-party sportsbook platforms.

iGaming GGR, money won from interactive table games, and poker came in at $166.8 million — a 13.3% year-over-year jump. Oddsmakers won about $92.3 million of the nearly $1.3 billion in bets wagered.

Online casino revenue and sports betting continue to expand in the Garden State. Just four years ago, in October 2019, iGaming win totaled $45.2 million. Oddsmakers won $46.4 million that same month.

The New Jersey gaming industry generated a GGR of $487.13 million in October 2023. The haul represents a 9.3% year-over-year premium and a 66% surge in October 2019.

Atlantic City’s recent investments in the casino hotels and their attractions, together with the strength of New Jersey’s online casinos, are proving to be a winning combination for the gaming industry as well as the economy of the city, the region, and the state,” said Plousis.

 

 

New Jersey is on the path to surpass $5 billion in total gaming revenue this year, marking just the third time in state history. Atlantic City won more than $5 billion in both 2005 and 2006 when there were 12 casinos in operation but no sports betting or iGaming.

 

Now the Bad

The New Jersey and Atlantic City gaming industries are thriving by most data points. However, there are some concerning numbers, specifically that six of the nine casinos have won less money on their physical floors this year than in 2019.

 

 

Only Borgata, Hard Rock, and Ocean, which respectively lead the Atlantic City casino industry, have won more money this year. The rest have experienced gaming reductions.

 

 

2023 GGR — 2019 GGR (in millions)

 

- Borgata $619.2 — $595.5

- Hard Rock $426.1 — $274.6

- Ocean $350.4 — $175.3

- Harrah’s $213.8 — $260.8

- Tropicana $201.7 — $255.7

- Caesars $195 — $224.6

- Resorts $138.6 — $150.1

- Bally’s $131.5 — $149.7

- Golden Nugget $124 — $167.6

 

Through the first half of 2023, the most recently reported quarterly reports, data from the New Jersey Division of Gaming Enforcement shows that casino profits are down 20% from 2022. However, all nine casinos were in the black.



F1 Las Vegas officially started. 

Super Bowl stadium emerges as popular betting venue

Yesterday F1 Las Vegas officially kicked off in a ceremony that brought together the Grand Prix and the Las Vegas Convention and Visitors Authority (LVCVA) as well as the 20 Formula One drivers and nine musical performances from a wide variety of genres, with artists like: Andra Day Bishop Brigg; J Balvin; Journey; Keith Urban; Steve Aoki; Swedish House Mafia; Thirty Seconds to Mars; will.i.am as well as Las Vegas residents Cirque du Soleil and Blue Man Group.

 

 

 

 

 

As planned at 7:30 pm local time, just over 30,000 fans gathered around the F1 pit building, located on the northeast corner of Harmon Avenue and Koval Lane, and the surrounding stands. Las Vegas converted into a state-of-the-art racing track.

 

 

It was important to us to create an opening ceremony that balanced the spirit of Las Vegas with the global excitement that Formula 1 and these incredible drivers bring to each host city,” Renee Wilm, CEO of the Las Vegas Grand Prix, said in a statement.

We are proud to be able to work with the best in the entertainment production space to deliver one of the most diverse lineups of beloved music superstars, which will officially launch the race week festivities.”

 

For the majestic opening ceremony, seven high-tech mobile LED stages were set up to present dancers during several sessions, a light show consisting of a thousand spotlights and 100 lasers, fireworks and a drone show.

 

 

Lighting up the Las Vegas skyline#LasVegasGP #F1 pic.twitter.com/MCuEtNE6iA

— F1 Las Vegas (@F1LasVegas) November 16, 2023

 

 

This Las Vegas GP drone show pic.twitter.com/OgKEAnOsbD

— ESPN F1 (@ESPNF1) November 16, 2023

 

 

 

 

 

"This is a game-changing week for Las Vegas and will be for years, and it will be a lot easier after this year."

 

Those in charge of bringing the show to life were, among others, Brian Burke, and lighting and set designer Tom Sutherland, from DX7 Design.

 

 

A charismatic character who has catapulted himself through, among other jobs, the design of the well-known program American Idol.

 

I have been very fortunate to be a part of the Las Vegas entertainment community for over 20 years and create a show that not only celebrates the entertainment capital of the world, but also welcomes the F1LVGP to Las Vegas, it is a true honor,” Burke said.

 

The stands in front of Caesars Palace, which have been in the news above all, for having been the scene of the sit-ins that pressured an agreement with the casinos on the strip,

 

 

Yesterday they were decorated with hundreds of lights and driving in front of them, you experienced for a few moments what an F1 driver might feel.

 

 

 

Investments that cost.

 

 

One of the many lessons and contributions that the F1 organization has left is the vehicle bridge on Flamingo Road, which along with other transportation projects such as The Boring Company's Vegas Loop, are steps that the LVCVA can and will take to make this (race) be much less intrusive for everyone.

 

 

 

We recognize how detrimental this first year has been for the community, the workers here, our visitors; “It is an investment that (F1) has made in our future, their future,” said Las Vegas Convention and Visitors Authority (LVCVA) President and CEO Steve Hill.

 

 

What until a few hours ago was in final finishing…

 

 

 

Yesterday it was ready and ready!

 

 

 

Other activities such as the chapels famous for their express marriages and where the participants wake up from a hangover and do not remember it, also participated and will offer F1 services during this season.

This weekend’s Las Vegas Grand Prix will introduce the first “F1 Wedding Chapel”

pic.twitter.com/gMIewzlZyM

— Front Office Sports (@FOS) November 13, 2023

 

Nobody bets!

 

«The race in this city is comparable to climbing Everest, I take my hat off to Liberty Media for organizing this race. "I don't think I'm the only one in Formula 1 who has never been to this city, which is quite difficult to get around."

 

 

Toto Wolff has banned all members of the team from casinos in the population of Nevada.

 

"As I said, I've never been to Las Vegas, but we will do everything possible to make sure that everyone in the team stays away from the casinos," explained Toto Wolff about the possibilities of the Mercedes people moving to play. "I don't bet and I'll make sure no one else bets either!"

 

The inaugural Las Vegas Grand Prix will be held from Nov. 16-18 on a 3.8-mile circuit that includes portions of Las Vegas Boulevard, Koval Lane and Harmon and Sands avenues. Authorities expect 105,000 fans to attend the race each night.

 

Without a doubt, this evening promises a lot and deserves more coverage… place your bets, Online of course!


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