The online registry was introduced on August 21, 2023, and it has seen an immediate interest from punters, as the program is designed to allow Australians to enrol and be excluded from virtually all forms of gambling, retail and online across the nation.

BetStop Continues to Bolster RG in Australia

The measure is part of a much broader attempt to change the country’s reputation for the biggest gambling spending and losses per capita worldwide. BetStop is a good step in that direction, with total registrations now hitting 13,608 nationwide.

Although there has been sustained interest, the current number of signees is behind the initial influx. In October, there were 3,121 signups compared to November’s 2,991, which may indicate that the initial peak of signees has been reached.

The exact number of problem gamblers in Australia is not presently known, but it’s estimated that at least 1% of the population suffers from it, amounting to roughly 193,000 people.

The data, however, is based on research conducted by the Australian Institute of Family Studies in 2015, which leaves more to be desired when approaching and understanding the issue today.

Regardless, BetStop has been a meaningful overall step in the right direction. Victoria, New South Wales, and Northern Territory have seen active participation from local players who have sought to exclude themselves from gambling activities.

Sweeping Reforms to Make Gambling Safer in the Country

The country itself has embarked on several meaningful changes to further strengthen these safeguards, including the introduction of a credit card ban for online gambling, which is hailed as a long overdue but important milestone in the country’s fight against gambling-related harm.

Meanwhile, a cashless gaming trial is taking place in New South Wales. The logic behind this is that the introduction of cashless gaming technology can help protect vulnerable consumers, but also stem other offenses such as money laundering, an issue that triggered sweeping reforms across the state and brought to light arguably dishonest practices by some of the largest gambling companies in the country.

The post Australian Self-Exclusion Register Signups Start to Flag in November appeared first on Keno Wizard.

The American Gaming Association, the United States gambling industry association, revealed that 2023 is bound to become a record year for the U.S. gambling industry when it comes to revenue.

In the third quarter of the year the United States commercial gambling sector managed to generate revenue of 16.17 billion dollars, a figure which represents an increase of 6.1 percent compared to the same quarter of last year. Moreover, this was the eleventh consecutive quarter of revenue growth and also the best third quarter in the history of the American gambling industry.

All verticals within the gaming industry registered growth during the quarter, with land-based casinos and iGaming registering all-time records for a single quarter. However, the pace of growth did slow for a second consecutive quarter due to the difficulty of surpassing the already solid figures that were registered last year.

The report released by the American Gaming Association took into account results registered in 33 commercial gaming jurisdictions that were operational one year ago. Seventeen of the 33 jurisdictions registered increases in revenue during the third quarter compared to 2022. Moreover, five states managed to set new records for a single quarter, including the two biggest commercial gaming markets in the country: Nevada and New Jersey.

In Nevada, gaming revenue registered an increase of 2.9 percent year-on-year, reaching a total amount of 3.88 billion dollars. The increase was driven by a record-breaking quarter for the famous casinos on the Las Vegas Strip, which managed to generate 741.2 million dollars during the quarter. The period also saw the highest baccarat win in state history: 458.4 million dollars.

Strong Economic Contributions

Bill Miller, the President and Chief Executive Officer of the American Gaming Association, welcomed the record figures registered by the association’s Commercial Gaming Revenue Tracker. This tool provides state-by-state insight into the American gaming industry and its financial performance. At the end of the third quarter there were 35 states that had operational commercial gaming markets with legal casino gaming, sports betting or online gaming. The District of Columbia also has an operational commercial gaming market.

Speaking about the sector’s importance in the American economy, Bill Miller underlined that the gaming industry provides “strong economic contributions” that help communities all around the country as it provides increased tax revenue and jobs for “millions of Americans.”

State and local governments in states that have operational commercial gaming markets gaming received an estimated 3.43 billion dollars in taxes tied directly to gaming revenue, a figure which represents an increase of 4.7 percent compared to last year.

Bill Miller also revealed that players in America “continue to migrate” towards legal and regulated sports betting and gaming options. “This sustained demand only reinforces the need for federal and state enforcement against illegal, offshore operators,” the American Gaming Association CEO concluded.

Source: “AGA: US gambling revenue set for record year after lucrative Q3“. iGaming Business. November 17, 2023.

The post U.S. Bound To Register Record Gambling Revenue in 2023 appeared first on Keno Wizard.