Daily news: Committee to Eliminate Gambling Harm in the US Military, iGaming operators’ revenue in seven US states reached $634.8 million and more…
In the United States, a committee was created to eliminate the harm from gambling among the military
Kindbridge Research Institute announced the creation of a Military Gambling Awareness Committee (MGAC). The initiative aims to eliminate and mitigate the harms of gambling in the US military community. The committee will work closely with the military and the Department of Defense to identify existing problems using evidence-based approaches and develop appropriate recommendations.
MGAC includes highly qualified experts with the knowledge and experience to combat the spread of problematic gambling among the military. They include representatives from the sports and betting industries, including BetMGM Senior Manager of Responsible Gaming Richard Taylor and NASCAR Managing Director of Sports Betting Joe Solosky. Both experts have military service experience in the past. The committee is expected to focus on raising awareness and educating military personnel on gambling-related issues. MGAC will also support mental health initiatives to enhance the readiness and cohesion of the U.S. military.
It is worth noting that the problem of gambling addiction is indeed relevant for the American military. According to a study by the University of Nevada at Las Vegas and Bowling Green State University, signs of gambling addiction are observed in 70% of military personnel.
The Kindbridge Research Institute specializes in mental health issues in the military community. Through research, outreach and innovation programs, the institute strives to improve the lives of military personnel and their families.
In May, the revenue of iGaming operators in seven US states reached $634.8 million
This is an increase of 27.6% compared to May 2023. May 2024 became the second most profitable month in the history of iGaming in the US, second only to March 2024, when operators recorded revenue of $678.4 million.
The leaders in online casino revenue were Michigan ($198.6 million), New Jersey ($192.1 million) and Pennsylvania ($174.1 million). Experts predict that the income of the iGaming segment in the United States will double in the next 5 years against the backdrop of the development of mobile technologies and the introduction of cryptocurrency solutions.
BET365 has become the most recognized bookmaker in Brazil
Resenha Digital Clube conducted a study on sports content consumption in Brazil. Its component, as reported by iGaming Brazil, was the study of brand recognition of bookmakers.
The survey showed that 9 out of 10 residents of the country who regularly consume sports-related content know about certain bookmakers.
The top 10 most recognizable betting brands included:
• Bet365 – the brand familiar to 66% of respondents;
• Betano – the brand familiar to 64% of respondents;
• Sportingbet – the brand familiar to 49% of respondents;
• Blaze – the brand familiar to 40% of respondents;
• 1xBet – the brand familiar to 35% of respondents;
• EstrelaBet – the brand is familiar to 34% of respondents;
• Betfair – the brand familiar to 32% of respondents;
• BetWay – the brand familiar to 17% of respondents;
• Bodog – the brand familiar to 13% of respondents;
• Novibet – the brand familiar to 12% of respondents.
However, despite a fairly high level of awareness of the bookmaker market, 4 out of 10 Brazilians do not consider placing bets.
In Brazil, illegal operators took $3.7 billion in bets in the first four months of the year
Brazilian gamblers bet $3.7 billion at offshore bookmakers between January and April 2024, Aposta Legal Brasil reported, based on balance of payments data provided by the Central Bank of Brazil.
This figure increased by 32% compared to 2023 when players bet $2.8 billion. In addition to the increase in the volume of bets, the total amount of winnings paid increased to $3.5 billion (+29%). An increase in bets from illegal bookmakers has been observed in the first months after the approval of Law 14.790/2023 which introduces a number of regulations into the industry and begins the regulation of gambling in Brazil.
Data analytics platform Datahub reports that the online gambling segment in Brazil grew 734% between 2021 and 2024.
Three years ago, there were just 26 companies offering gambling and sports betting to local customers. In 2022, this number increased to 79 companies, the same number of bookmaker companies opened only in the first four months of 2024, with a total of 217 in April.
Philippines calls for ban on all forms of online gambling
A local senator has called on his colleagues to pass a bill that aims to ban all forms of online gambling in the country including the activities of offshore gaming operators (POGOs). The reason for the dislike of offshore workers is the growing cases of involvement in various crimes, including torture, kidnapping, murder and human trafficking.
If the law is approved, participants in any online gambling will face up to six months in prison or a fine of $8,500. However, one cannot count on a quick vote, since the text was developed back in 2022, but they are still dragging their feet. One of the reasons relates to funding, as POGO operators paid $85.2 million in taxes last year alone. In addition, about 22,000 Filipinos working for legal offshore gaming operators will be unemployed.
More than half of US players bet daily
About 59% of players in the United States prefer to bet every day, follows from a market report from the Betsson in partnership with GambleID and Sports Handle. Moreover, 33% of respondents participating in the study place bets weekly. 2% play with a bookmaker several times a month, and 5% said they “bet from time to time.” The age category of 25-34 years was 30%, the category of 35-44 years was 32%, respectively.
Contrary to the industry belief that players are loyal to multiple apps, the results showed that 43% of players have downloaded more than five betting apps, while 21% have four to five apps that they play on. And only 5% remain loyal to one bookmaker brand.
The monthly deposit of 37% of players is less than $100, 10% is from $1 thousand to $5 thousand, 1% is more than $10 thousand. American football was the most popular sport for betting (92%), basketball was next (66%), and tennis was third (27%).
The least popular sports were eSports and boxing which received votes from 1% of respondents. More than half of players place bets through mobile applications. Online betting was chosen by 22% of respondents while land-based bookmakers received 2% of the votes. At the same time, 17% chose both online and land-based bookmakers.
