May 18, 2023Lauren

Welcome to edition #134 of the Casino Cabbie Digest. This week we're dishing all the details from : 

- The American Gambling Association regarding the US market's eighth consecutive revenue record-breaking quarter
- Massachusetts's incredible first month of legal sports betting
- The new Fanatics deal to acquire PointsBet US
- Texas sports betting on November 7th ballot
- And our slot game of the week is Lock It Link Night Life from WMS

News and Analysis

AGA: New Revenue Record for First Quarter 2023

US commercial gaming revenue has hit a new quarterly record of $16.60 billion for Q1 2023. According to the AGA, this makes it the eighth consecutive record-breaking quarter. The highlight was March, which accounted for $5.90 billion.

MA Sports Handle Over $566 Million in First Month

Online gambling in Massachusetts is off to a flying start as the official sports handle for the first month is $566.2 million! The MA legal sports betting market comprises six operators, BetMGM, DraftKings, Caesars, Barstool, WynnBet, and FanDuel, with DraftKings leading revenue, Fanduel in second, and BetMGM in third.

Fanatics and PointsBet: What's the Deal?

Fanatics Betting and Gaming have struck a deal to acquire PointsBet US for $150 million. PointsBet will retain its Canadian and Australian operations. The agreement is subject to regulatory and shareholder approval.

Texas on Sports Betting

The Texas House of Representatives has voted through a constitutional amendment bill allowing Texan voters to approve or say no to legalizing online sportsbooks. HJR 102 passed by 101:42 on May 11th. Should voters pass the measure on November 7th, the Texas Constitution will be amended to allow for legal sports betting. 

HJR 102 is accompanied by HB 1942, which introduces the infrastructure of the market and regulatory regime. The bill includes a 15% tax rate and a $2 million application fee, making the Texas Lottery Commission the licensing authority.

Game of the Week

Lock It Link Night Life is a video slot that calls to players who love the classic luxury theme and jackpots. It has a retro glam touch across 5x3 reels, 50 paylines, a fantastic bonus free spins round, and the Lock It feature.

You'll start making base game wins by matching symbols along paylines but keep your eyes peeled for scatters. 3+ bonus scatter triggers free spins or the Lock It feature (you get to pick). If you pick the free spins, you get 6. During the round, 0, 1, 2, 3, 4, or 5 WILD awards a multiplier of 3, 4, 5, 6, 7, or 8, respectively.

If you play the Lock It Feature, you get 1 spin with only heart symbols on the reels. Heart symbols can award up to 100x your bet as it's a jackpot round with a Mini, Minor, Major, and Grand jackpot up for grabs. 

Ready to play? Take Lock It Link Night Life Slot for a spin from $0.50 up to $50 at these WMS Casinos.

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