Tag Archives: Ontario Lottery and Gaming

SUPER BOWL TO GENERATE $1 BILLION IN LEGAL BETS

(LAS VEGAS) — Bettors could place $1 billion usd in wagers on Super Bowl LVI at legal online and retail sportsbooks across the country, according to projections by PlayUSA, which provides news and analysis of the U.S. gaming industry. If sportsbooks reach those estimates it would roughly double last year’s estimated Super Bowl handle of more than $500 million, a product of the continued proliferation of legal sports betting.

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“It would have seemed impossible just a few years ago to reach such heights, but with the expansion of sports betting over the last year it is inevitable that legal wagering will soar.”

https://www.thesilo.ca/wp-content/uploads/2022/02/Super-Bowl-fact-sheet-2022.pdf

The Super Bowl is the most-wagered-on single sporting event in the U.S. In 2021, the American Gaming Association estimated that Americans & North Americans bet $4.3 billion usd on Super Bowl LV, both legally and illegally. PlayUSA estimates that more than $500 million usd was wagered at legal online or retail sportsbooks for last year’s game between the Kansas City Chiefs and the Tampa Bay Buccaneers, still a small chunk of the more than $50 billion usd in legal wagers placed across the country throughout 2021.

When the Los Angeles Rams and Cincinnati Bengals meet for the Super Bowl on Feb. 13, sports betting in some form will be legal in 30 states and Washington D.C. Those jurisdictions represent more than 166.9 million people, according to the U.S. Census Bureau estimates for 2021. By contrast, 120 million people lived in 21 legal sports betting jurisdictions for last year’s Super Bowl.

For this year’s game:

  • Sports betting is legal in at least some form in Arizona, Arkansas, Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Louisiana, Maryland, Michigan, Mississippi, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Virginia, Washington, Washington D.C., West Virginia, Wisconsin, and Wyoming.
  • New York, which was limited to retail sportsbooks last year, launched online betting in early January. New York is already on pace to shatter the U.S. record for monthly handle, which New Jersey set in October with $1.3 billion usd in bets.
  • Arizona, Connecticut, Louisiana, Maryland, North Carolina, North Dakota, South Dakota, Washington, Wisconsin, and Wyoming did not offer any form of legal sports betting for last year’s Super Bowl.
  • Even with legal sports betting in 30 states and Washington, D.C., no team from a state with legal sportsbooks has ever played in the Super Bowl. That will continue this year as Ohio awaits launch sometime over the next year and California lawmakers debate legalization.

“The sports betting landscape has changed dramatically since last year’s game,” said Eric Ramsey, data analyst for PlayUSA. “More than half of all Americans now live in a legal jurisdiction, and even well-established markets such as New Jersey and Nevada have grown significantly over the last year as mobile betting gains in popularity.”

PlayUSA projects that Nevada, which was the second-largest market in 2021 and historically the top Super Bowl market, will produce the largest Super Bowl handle with $175 million usd. New York could generate $160 million usd. If those estimates come to fruition, that would be more betting volume than every legal sportsbook in the U.S. combined to tally for the 2019 game.

New Jersey ($130 million usd), Illinois ($75 million usd), Pennsylvania ($70 million usd), Arizona ($55 million usd), Michigan ($45 million usd), Indiana ($40 million usd), Colorado ($35 million usd) Louisiana ($35 million usd), Virginia ($35 million usd), and Tennessee ($30 million usd) will follow Nevada and New York, according to PlayUSA estimates.

“Americans & North Americans have become increasingly comfortable with online betting in general and the less conventional bets it facilitates, such as in-game wagering,” Ramsey said. “This should really help boost Super Bowl betting, which for years has enticed bettors with fun prop bets and other unconventional wagers. The big difference this year is those types of bets are easier than ever to make in more places than ever before.” For The Silo, Zack Hall.

Ontario Lottery & Gaming Report To Government Pushed For Modernization

The Ontario Lottery and Gaming Corporation (OLG) developed a powerful analytic tool to provide instant access to billions of lottery transactions dating back to 1999. Dubbed the Data Analytic and Retrieval Technology (DART), OLG developed the solution in six months for about CAN$1.1 million (U.S.$1.15 million) with Microsoft and HP supporting technologies—a sharp contrast to the three-to-five years and more than $10 million needed with other BI solutions evaluated by OLG. Searches that used to take weeks can now be done in seconds. With the DART tool, OLG can identify play patterns to confirm legitimate winners and identify potentially fraudulent behavior and claims. DART builds on other OLG antifraud and player protection initiatives, delivering on the organization's pledge to better inform and protect those who play its games and lotteries.

OLG to Modernize Gaming- New Strategic Direction Will Create Jobs, Support Schools and Hospitals The Ontario government has received a report from the Ontario Lottery and Gaming Corporation (OLG) that proposes modernization of the system, an increase in its revenues by more than $1 billion a year, and the creation of 2,300 net new jobs in the gaming industry and nearly 4,000 additional jobs in the hospitality and retail sectors by 2017-18.

With internet-based gaming growing, a higher Canadian dollar and U.S. border communities building their own gaming sites, our gaming system has to change. These reforms will modernize gaming in Ontario by allowing safe, responsible access to gaming opportunities.

The government has directed the OLG to implement a number of the proposals:

 Reconfigure the number of gaming sites and tailor the types of gaming activities made available at each site
 Launch multi-lane sales of lottery tickets at major retail outlets, including grocery stores
 Increase operational efficiencies by expanding the role of the private sector
 Stop annual payments to the horse racing industry by ending the Slots at Racetracks program on March 31, 2013, and allowing slot facilities to be located more strategically
 Implement a new fee model for municipalities hosting gaming sites; and
 Allow one new casino in the GTA, subject to an OLG business case and municipal approval.

The government will also enhance its responsible gambling programming. http://knowyourlimit.ca/PDF/Policies_and_Programs_ENG.pdf

These initiatives will allow OLG to meet the demands of a changing gaming marketplace.

QUOTES

“We are focused, more than ever, on balancing the budget while continuing to provide the best education and health care in the world. Modernizing OLG’s operations and business model is an example of how we are ensuring our assets are delivering the greatest value to taxpayers.”
Dwight Duncan, Minister of Finance

QUICK FACTS

 OLG is the biggest non-tax revenue generating Crown agency in Ontario, and the largest gaming organization – and jurisdiction – in North America, with 27 gaming sites and 10,000 lottery points of sale.
 In July 2010, the government directed OLG to undertake a review of its land-based gaming operations and lottery distribution network, to see how revenue from these could be optimized. The government’s plan to transform how OLG does business is a result of this review.
 Eight million people in Ontario play lotteries at least once every year, and 2.7 million Ontarians went to an OLG gaming site at least once last year.
 OLG generated $2 billion in net revenue for the province in 2010-11.
 Since 1975, OLG lotteries, and OLG Slots and Casinos have generated more than $28 billion for Ontario.
 Since 1998, OLG has provided nearly $3.7 billion to horseracing in Ontario through the Slots-at-Racetracks program. This year’s payment is estimated to be $345 million. That’s more than is spent on road safety or water safety. It’s also enough money to pay for more than two million house calls from doctors, nine million hours of home care or 27,800 hip or knee replacement surgeries.
 Provincial proceeds from gaming activities help support key government services, including health care and education.
 Ontario spends nearly $50 million annually on problem gambling treatment, prevention and research – more than any other jurisdiction in North America.

LEARN MORE
Read about the changes OLG is making to lottery and gaming in Ontario http://www.olg.ca/assets/documents/media/backgrounder_gaming.pdf
Learn more about OLG’s customers http://www.olg.ca/assets/documents/media/backgrounder_customers.pdf
See how revenue generated by OLG goes to help all Ontarians http://www.olg.ca/assets/documents/media/backgrounder_why_gaming_is_important.pdf
See how the OLG promotes responsible gambling.http://www.knowyourlimit.ca/

 

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