The lowdown on PayPal and using it at online casinos

Ever since its earliest appearance in the mid-1990s, year upon year, the online casino industry experienced explosive growth. Along with its remarkable increase in popularity worldwide came the urgent need for players, online casinos, and the financial services sector to find a suitable and better methods of funding online casino accounts. In the beginning, players had to make do with slow payment systems that were designed to fulfil the needs of a pre-connected world.

Trusted financial services are nowadays having to meet the needs and demands of the fast-growing “interconnected” world. Many were partially successful after a quick re-design of existing infrastructures like credit cards, EFTs, and bank transfers. However, fraud, money laundering, and a host outdated security measures presented a major stumbling block. Clients and businesses knew they needed a better solution.

Businesses and customers needed 100% secure online transactions, privacy, speed, instantaneous and uncomplicated processes, and the convenience to make payments and receive money.

Then came PayPal casinos, who were quick on the ball to introduce online casino payment methods that met all of these requirements and more. PayPal’s innovative approach and new solutions presented several world-firsts to the finance and online casino industry. One of the firsts was its ability to allow users to make payments online via a mobile app.

The second was that PayPal’s app offered levels of security that significantly surpassed anything else because it did not share user information with third parties – other than the user’s email address.

Transaction speed was another important factor counting in PayPal’s favour, while instant access via a user-friendly interface were also strong indicators that instant transfers were revolutionary in the payment world.

World-wide acceptance was the only hurdle left for PayPal to overcome, and by now we are all aware of how hugely successful that exercise turned-out. Once the universal benefits of the concept took hold, globally across all industries, businesses struggled to adopt and implement the service fast enough.

But the best online casinos were fast to adapt.

Why it’s so difficult to find a PayPal Casino

Read on if you are one of the many still left asking, why do I have such a tough time finding online casinos that accept deposits or offer withdrawals via PayPal.

It is probably because you are looking in all the wrong places. Prior to its inception, PayPal made the decision to be a legally moral and responsible entity. As such, the brand only makes their services available in regulated markets to trustworthy online casinos that are verifiable and in possession of valid operating licences.

This assures PayPal users that the casino in question is trustworthy and fair. These type of online casinos are regularly subjected to audits by specialised, industry approved independent auditors for certification to verify that they are fully compliant with all protective legal requirements imposed by local and international industry regulators.

However, when deciding to join a new online casino, it is unwise to reject a potential venue simply due the fact that PayPal’s services are absent. Unless PayPal is your preferred payment method, this is not a hard and fast rule to live by. Remember, always play responsibly!

What makes PayPal casinos so special

Why are PayPal casinos special and how do they differ from others? PayPal completely transformed the way individuals and businesses looked at and used digital payment services.

The key factor that made PayPal so unique, is that it was the first digital payment system in history designed purely to meet and address the specific needs and requirements of a newly connected society.

PayPal’s high levels of privacy and security allow users the convenience to quickly make or receive instant payments online with much greater peace of mind. Whether they use it for everyday online shopping, to pay the bills, purchase vehicles, property, investments, or any of a vast multitude of other purposes, users know transferring money or making payments via PayPal means their money is as safe as can be.

Plus, with PayPal a user can never be forced to reveal any of their personal or financial details. Moreover, PayPal’s superior security measures allow users to make fast payments whenever the need arises, from wherever they may find themselves, using any PC or smart mobile device with a stable internet connection.

Another key feature that makes PayPal the perfect companion for online players is its ability to make payments and receive money quickly – transactions are generally subject to instant processing times. The instant reward nature of internet connectivity makes PayPal’s capacity to perform instant payments particularly convenient, especially for players quickly wanting to deposit or withdraw funds from their online casino wallets during late-night gaming sessions.

Fast payouts at casinos with PayPal

The advent of PayPal’s instant payment services together with the highly competitive nature of the online entertainment market quickly gave rise to the establishment of fast payout casinos. They follow the core PayPal premise – instant processing, allowing players to receive their winnings immediately within minutes, or at most within 24 hours. Fast payout casinos have become extremely popular with players who value convenience, security, and customer service – in other words just about everyone!

The key benefits of playing at fast payout casinos are:

• You can enjoy your winnings sooner to use for other purposes.
• You avoid long processing times, plus those frustrating delays that often occur at other venues.
• By minimizing the exposure of your personal and financial information significantly reduces your risk of becoming victim to fraud or identity theft.
• It demonstrates the casino’s commitment to customer satisfaction, a strong indicator that the casino is trustworthy, reliable, and reputable.

PayPal is the most trusted payment method

PayPal has become the world’s most trusted payment method for numerous reasons. It was the first to successfully address key weaknesses of other payment systems, the main areas being convenience, security, safety, reliability, and speed. It was the first online commercial payment service to offer increased levels of security combined with encryption to effectively protect the users’ personal and financial information. In addition, PayPal monitors every transaction 24/7 from start until completion to prevent fraud, identity theft, and phishing.

PayPal remains one of the easiest and most convenient payment methods to use. Its user-friendly interface allows users to link their bank accounts, credit cards, or debit cards to their PayPal account, making secure instant payments possible with just a few clicks. Users can send and receive money across borders, and currencies with transactions are subject to comparatively low fees.

PayPal services are widely accepted by many online merchants, especially convenient at the best online casinos. In contrast to many of the current crop of Casino payment methods, online casinos that accept PayPal not only offer a fast and secure way for players to deposit, but also to withdraw funds. PayPal also provides deeper levels of buyer protection and dispute resolution services, essentially as an added layer of safety for online purchases. Buyer protection and dispute resolution services offer players another avenue of recourse in case of issues with an online casino.

PayPal charges low to no fees on deposit and withdrawals

PayPal remains one of the most cost-effective and convenient of today’s popular instant payment methods at top online casinos. Aside from the numerous other benefits, one of the main reasons why so many players prefer PayPal over alternatives is that the company charges little to no transaction fees.

Other payment options like credit cards come with hefty fees and lower levels of customer protection. In contrast, PayPal only charges a small percentage of the amount transferred, and depending on the amount and regional laws, they may at times charge nothing at all. This means players save money and enjoy more of their winnings, with no need to worry about additional costs eating into their available entertainment budget.

Find more PayPal casinos with our reviews

As an answer to the often-asked question, why is it so difficult to find a suitable PayPal casino that caters to my playstyle and tastes? We offer you our extensive database, it contains hundreds of casino reviews ensuring you can find a casino online that meets your needs. For your peace of mind, each casino is pre-vetted by our industry experts as part of their assessment to find the best new and existing entertainment venues for you.

In conclusion, PayPal is an excellent payment method for players to use at online casinos because it comes with little to no fees, is fast, secure, and widely accepted. Players who use PayPal enjoy greater convenience, more savings, improved safety, and receive more rewards when they play online.

Free Spins Galore at the Finest Low Deposit Casinos

Get ready for an unparalleled gaming adventure as we reveal a spectacular assortment of free spins at some of the world’s top low-deposit casinos. These are sites that allow players to wager with less money, making it fun and available to everyone.

We aim to unveil the secrets of these free spin bonuses, showcasing their fantastic allure while sharing tips on making the most of your gaming experience without going broke. Brace yourself because things are about to get very exciting – Spin big, play smart, and win bigger at these Top Rated Online Casinos.

Free Spins 1 – KatsuBet’s 40 Free Spins on MegaMoolah for $/€1

KatsuBet is relatively one of the new online casinos founded in 2020 by the same people who operate 7Bit Casino. If you’re a fan of that casino, you’ll enjoy everything on offer at KatsuBet as well. That’s because this casino combines everything that worked at its sister casino and adds a unique touch that is sure to please many players.

Welcome Bonus

Katsubet

Deposit $/€1 Get 40 free spins on Mega Moolah

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KatsuBet Casino is one of the most complete and extensive gambling sites available in the Industry. It is home to a host of brilliant and top-tier software developers who have made a name for themselves, including NetEnt, Betsoft, Habanero, Playson, Ezugi, Wazdan, and Amatic.

• 40 Free Spins on Mega Moolah

You may get 40 free spins on Mega Moolah when you make a 1€/$ casino deposit at Katsubet. Simply create a new account, enter the coupon code “MEGABET,” and you can claim 40 free spins on one of the world’s most popular pokies.

Mega Moolah is a jackpot slot that is extremely popular in New Zealand. You can win a magnificent progressive jackpot with each play, and the jackpot can easily reach $/€10 million or higher. And the best part is that you can win this jackpot for as little as $/€1.

Still, keep in mind that you must wager your winnings 45 times. The maximum bet you can place during a spin is $/€5, and you have three days after signing up to take advantage of this promotion. Check the bonus Terms & Conditions beforehand to understand how to transform your bonus funds into real cash.

When you’re ready to make the deposit, register to create an account before proceeding to the cashier section. Katsubet Casino accepts a wide variety of payment methods, including credit and debit cards, cryptocurrency such as Bitcoin, and eWallets such as MiFinity and Neosurf.

Free Spins 2 – GGBet offers 175 Free Spins for $/€5

GGBet, established in 2016, is an online casino and sportsbook operated by Brivio Limited. The platform offers an impressive selection of slots, table games, sports betting and eSports, and the site has seamless navigation and plentiful gaming categories means you’ll always have something to play.

More than 3,000 games are available at GGBet, including poker, slots, bingo, keno, scratch cards, and live casino games. Top-tier software companies, including Microgaming, NetEnt, Play’n GO, and Evolution, have provided this outstanding game library.

Welcome Bonus

GG.Bet

Deposit $/€7 Get 175 Free Spins

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But the games aren’t the only reason to check out this operator. If you sign up for an account at GGBet, you’ll receive 175 Free Spins to use on various casino games. Each welcome bonus deal has a different minimum deposit amount, but you can get started with a minimum deposit of $/€5. Here’s how to get your hands on the Free Spins:

• 25 Free Spins on Starburst

If you deposit at least $/€5, you will be eligible for 25 Free Spins on the world-famous Starburst slot. Remember that wagering requirements of 30 times the bonus sum must be met, and bonus funds must be spent within five days of account activation.

• 50 Free Spins on Book of Dead

The 50 Free Spins you receive on your second deposit can be enjoyed on the Book of Dead slot. You must make a deposit and play the spins within the first seven days to qualify for this promotion. Keep in mind that your winnings must be wagered 30 times before you can seek a withdrawal.

• 100 Free Spins on Legacy of Dead

Take advantage of the chance to have fun while winning real money with the help of your third deposit bonus – claim 100 Free Spins, all of which must be utilized on the Legacy of Dead slot. You must wager your winnings 30 times in five days to pay out your winnings.

When you are ready to claim your bonus, GGBet provides a number of deposit alternatives. Credit/debit cards, eWallets like Neteller and Skrill, prepaid cards, bank transfers, and Bitcoin are all options. All transactions are safe, and deposits are often credited immediately.

Free Spins 3– Playa Bets offers 50 Free Spins for $/€10

Following the great operators mentioned above, we now focus on one of our top online casinos, Playa Bets. This operator is a safe and legal betting provider licensed by three authorities in South Africa. So, players can feel confident that their gambling experience will be fair and highly secure.

Playa Bets works with a number of the most recognizable brands in the iGaming Industry to provide players with access to high-quality gaming options. These developers include NetEnt, Red Tiger, Big Time Gaming, and many others. This casino has more than 1,500 games, so you should be able to find what you’re looking for.

In addition, the casino is completely optimized for smartphones and tablets, enabling players to enjoy their preferred games on the move or without leaving the comfort of their homes.

• 50 Free Spins on a Selection of Slots by Pragmatic Play

When you sign up for an account with Playa Bets, you’ll be eligible to receive 50 free spins for a $/€10 deposit casino bonus. The free spins can be utilized on any practical slot game of your choosing. Simply go to Vegas Games, and under the heading for providers, click on Pragmatic Play. Then, choose any slot game, and as soon as the game has completely loaded, you can claim your free spins.

Playa Bets allows players to choose from a number of different safe deposit options once they are ready to make the required minimum deposit. These include credit cards, debit cards, electronic vouchers and wallets, as well as bank transfers.

After your account has been credited, the bonus offer is good for your account for a duration of seven days; however, once that amount of time has passed, the offer will automatically be removed from your account.

The winnings obtained from bonus spins must be wagered 10 times on slots before they can be withdrawn. Be sure to check out the bonus terms associated with each promotional offer for a complete explanation of how to transform your bonus funds into real money.

You will always find plenty of bonuses to encourage you to play at Playa Bets, regardless of whether you have just signed up or are an existing registered member. Registered players are eligible for a variety of benefits, including but not limited to monthly bonuses, sport-specific bonuses, a loyalty program, and many others.

The 3 Best Sign-Up Bonuses Right Now

The online casino industry is constantly evolving with each gaming site offering attractive sign-up bonuses to bring in new players. These sign-up offers range from match bonuses to free spins, no-deposit bonuses, and cashback bonuses. However, with so many casinos offering welcome bonuses, choosing the most generous ones can be challenging. For that reason, we reviewed dozens of global sites and came up with a list of top online casinos that offer the best welcome bonuses.

You will find these welcome deals at our recommended casinos and it will help you build your bankroll and win real money without investing more of your money. Moreover, the bonus offers are minimum deposit casino Sign up bonuses. This means that you only need to make a small deposit in order to activate the sign-up bonuses. Keep reading and discover more about the welcome offers including wagering requirements, qualifying deposits, eligible games, etc.

Sign-Up Bonus 1 – GG.Bet’s Welcome Bonus up to $/€1500 Plus 500 Free Spins

GG.Bet Casino is by far one of the most generous online casinos available right now. As a newly registered player, GG.Bet will reward you with an exciting welcome bonus of up to $/€1500+500 free spins. This welcome bonus is distributed across the first four deposits as shown below:

• First deposit bonus – 100% up to $/€500+75 free spins
• Second deposit bonus – 125% up to $/€200+100 free spins
• Third deposit bonus – 150% up to $/€300+100 free spins
• Fourth deposit bonus – 175% up to $/€500+225 free spins

Welcome Bonus

GG.Bet

Deposit $/€10 Get Up to $/€1500 + 500 free spins

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To activate the first deposit bonus, you need to transfer at least $/€7 to your account. On the other hand, you will need to deposit at least $/€10 to activate the second and third deposit bonuses. For the fourth deposit bonus, you only need to make a deposit of $/€15 or more.

Once you claim match bonuses, you can use them on all casino games. But for the free spins, you can only use them on selected slot machines. Specifically, free spin bonus on the first, second, third, and fourth deposits are available on Big Bass Splash, Book of GGBet, Gates of Olympus, and Hot Volcano slot machines respectively.

Another important thing worth pointing out is that you have 5 days to activate the welcome bonus from the moment you sign-up. Plus, you will need to wager the match bonuses at least 40X within 5 days of bonus issuance. Winnings from free spins, on the other hand, have wagering requirements of 30X, which must be fulfilled within 5 days. And don’t forget, the maximum bet when using bonus funds is $/€5.

GG.Bet is 100% legal, which means you can claim the welcome bonus and play in a safe and secure atmosphere. In particular, the casino operates under Brivio Limited, a company registered in the Republic of Cyprus. The company also operates with a license granted by the Government of Curacao. The license number is 8048/JAZ2012-009.

When it comes to banking, GG.Bet has every popular payment system you could ask for. You can rest assured of making safe casino payments using the likes of Visa, Mastercard, ecoPayz, Skrill, Paysafecard, Flexepin, Neosurf, Giropay, Klarna, and Interac. These payment systems are free when depositing and withdrawing funds.

Sign-Up Bonus 2 – Spin Fever’s 100% Match Bonus up to $/€2000 Plus 200 Free Spins

Spin Fever is another best online casino where you can sign-up and jumpstart your gaming adventure with a juicy welcome package. Specifically, the casino’s welcome bonus is a whopping $/€2000+200 free spins. This bonus is available on the first three deposits as shown below:

• First deposit – 100% match bonus up to $/€500+50 free spins
• Second deposit – 100% match bonus up to $/€500+50 free spins
• Third deposit – 50% match bonus up to $/€1000+100 free spins

Welcome Bonus

Spin Fever

Deposit $/€20 Get Up to $/€2000 + 200 free spins

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The three deposit bonuses require a minimum qualifying deposit of $/€20 or more. Moreover, you must use codes FEVER1, FEVER2, and FEVER3 when claiming the first, second, and third deposit bonuses respectively. Match bonuses are available on all casino games including slots and table games. On the other hand, free spin bonuses are credited on selected slot machines. Free spins on the first deposit are credited on the Gates of Olympus slot machine from Pragmatic Play. The second and third deposit free spins are credited on the Book of the Fallen and Big Bass Splash slot machines respectively.

To withdraw match bonuses and winnings from free spins, you will first need to wager them at least 45 times. Plus, you must complete wagering requirements within 7 days of bonus activation. And remember, you can cash out a maximum of $/€5000 with each of the match deposit bonuses. For the free spins, you can cash out up to $/€2000.

Spin Fever is also one of the safest and most secure new online casinos you will ever come across. The casino launched in 2023 under Dama NV, a reputable gambling company licensed and regulated by the Government of Curacao. The license number for the company is 8048/JAZ2020-13. With this license, you can claim your welcome bonus and play casino games with peace of mind.

Spin Fever Casino is also unparalleled when it comes to banking methods. Whether you love playing with fiat currencies or cryptocurrencies, the casino has got you covered. The most popular fiat currencies you can use include Skrill, Neteller, Maestro, Mastercard, Visa, Neosurf, ecoPayz, iDebit, MiFinity, MuchBetter, and AstroPay. If you are a crypto player, you can use renowned crypto such as Litecoin, Bitcoin, Ethereum, Dogecoin, and Tether. The minimum you can deposit and withdraw using these payment systems is only $/€20.

Sign-Up Bonus 3 – Mirax Casino’s Welcome Bonus up to 5BTC Plus 150 Free Spins

Mirax Casino is a crypto casino site that boosts your wagering bankroll with a welcome bonus of up to 5BTC+150 free spins. This new player bonus is spread across the first four casino deposits.

• First deposit – 100% match bonus up to 1.5BTC+50 free spins
• Second deposit – 50% match bonus up to 1BTC+50 free spins
• Third deposit – 75% match bonus up to 1BTC+50 free spins
• Fourth deposit – 100% match bonus up to 1.5BTC

Welcome Bonus

Mirax

Deposit $/€10 Get Up to 5BTC+150 free spins

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In order to activate each of the match deposit bonuses, you need to deposit at least 0.00072BTC. Additionally, you must use bonus codes W2, W3, and W4 when claiming the second, third, and fourth deposit bonuses. Regarding terms and conditions, you need to wager each of the match bonuses at least 45 times before withdrawing. Winnings from free spins also have wagering requirements of 45X.

You also need to bear in mind that free spins are credited on the Aloha King Elvis slot machine from BGaming. This means that wagering free spins on any other slots will result in the cancellation of the bonus. What’s more, the maximum you can win using free spins is capped at 0.0036BTC.

We were impressed to find that Mirax Casino is part of Hollycorn NV, a renowned gaming company licensed and regulated by the Government of Curacao. The company’s license number is 8048/JAZ2019-015. This license means that the casino is safe and you can activate the sign-up bonus and enjoy playing with free money in a secure gaming environment.

Mirax Casino also supports some of the most popular payment methods in the gambling industry. From credit/debit cards to e-wallets, cryptocurrencies, and bank transfers, the casino has every payment option you could ask for. As a crypto player, you can transfer money in and out of your account using Bitcoin, Litecoin, Dogecoin, Tether, and Bitcoin Cash. And if you love e-wallets, you can choose from MuchBetter, MiFinity, ecoPayz, Jeton, Neteller, and Skrill. Players who love cards can also use Visa and Mastercard. All these payment methods have no processing fees. Besides, you can use them to make instant deposits and fast withdrawals.

Comparison of Sign-Up Bonuses

At this point, you already know the best online casinos with the most generous welcome bonuses. We will now compare the bonuses in a table so that you can know which one deserves your attention. The table shows the bonus amount, qualifying deposits, wagering requirements, Eligible games, and withdrawal times at different casinos.

What $/€1 gets you in the real world vs online minimum deposit casinos

Have you ever thought about what $/€1 can actually buy you in the real world. Well, we set out on a fun shopping assignment in Canada, UK, and New Zealand to establish just this. In 2023, the global economy is struggling and based on experience, we can tell you that entertainment costs in non-casino industries are not cheap at all. Even a simple cinema ticket or go-karting would never cost $/€1.

At 1 Euro Deposit Casinos, we do our best to bring you the most affordable, trusted, and reputable online casino entertainment right to your home. With the touch of a button, you get hours of entertainment, leisure therapy, and relaxation for such a small amount.

Below we break down what $/€1 can get you in the real world vs minimum deposit casinos.

In Canada, $1 can get you 80 Free Spins at Jackpot City

What can $1 get you in Canada? In the real world, your $1 will buy you a toothbrush or a bag of M&M’s bite-sized cookies. But in the virtual realm at top online casinos, this simple dollar can get you a massive 80 Free Spins in Canada.

Welcome Bonus

Jackpot City

Deposit $1 Get 80 Free Spins

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This is in fact a current offer by Jackpot City Casino. What it means is that new Canadian players who deposit $1 get 80 Free Spins to play the most exciting slots. And it’s super easy to claim. Head over to Jackpot City by following our link, and when you arrive at the cyber casino, register a new account and make the deposit. Then you will get the bonus to play at Wacky Panda, Microgaming’s lovable panda-themed slot machine. With a cartoon feel, happy music and an endless supply of great winning potential, Wacky Panda is guaranteed to take away the cares of the real-world prices for a few hours.

If you want to go even further, you can deposit $5 and arm yourself with 50 Free Spins for Atlantean Treasures MegaMoolah. Another $5 deposit will get you an additional 75 Free Spins, and yet another deposit gets you a 100% matched bonus up to $400.

Jackpot City is the ultimate Canadian casino, which you can read about in our Jackpot City Casino Review. It’s packed with generous bonuses and promotions, over 500 games, and a wide range of banking methods including VISA, Mastercard, iDebit, PaySafeCard and more. With top-rated 24/7 customer support and a lucrative Loyalty Program to add value, Canucks will feel at home.

In New Zealand, $1 can get you 70 Free Spins at Spin Casino

The New Zealand nation enjoys adrenalin-filled outdoor activities and having fun with online pokies, but what can NZ$1 get you there? We shopped around and found that you can purchase a tiny salad or a value white sandwich, whereas, in the cyber world, you could get 70 Free Spins at a top-quality NZ online casino.

Welcome Bonus

Spin Casino

Deposit $1 Get 70 Free Spins

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At Spin Casino, Kiwis can get a real bargain, deposit $1 and get 70 Free Spins. Having been online since 2019, Spin Casino has become extremely popular in NZ and there’s an excellent reason for that. This site offers a versatile and dynamic game selection and their bonuses are worth every cent. For players who enjoy nothing more than playing pokies, you can use your 70 Free Spins Bonus on Agent Jane Blonde Returns. Once you have finished your free spins, you can deposit NZ$5 and get 100 Free Spins for MegaMoolah, and 100% matched bonus up to NZ$1000. The wagering requirement is 100x (which is a little high) but still it’s a chance to play new slots for thrills and entertainment.

This casino is also home to a large selection of banking providers and we have prepared a detailed Spin Casino Review that you can read through.

In UK, £1 can get you 80 Bonus Spins at Zodiac Casino

What can £1 get you in the UK? A quid will buy you an artificial Hydrangea or a stress ball. If you want to stretch the value of this £1, you can use it to buy hours of online entertainment at Top Rated UK Online Casinos with 80 Bonus Spins for a hot slot game.

Welcome Bonus

Zodiac

Deposit £1 Get 80 Bonus Spins

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With a MegaMoolah prize that’s currently ready to pay over £5 Million, Zodiac Casino offers excitement on every spin. If you deposit £1, you get 80 free spins become with chances to become the next millionaire. With an astrology theme, Zodiac Casino is packed with over 500 blockbuster slots and games and with a £1 Deposit UK Casino bonus, you get to play the world’s favourite progressive jackpot game, MegaMoolah.

Zodiac Casino was founded in 2001 and is part of the Casino Rewards Group – an online collective of casinos – that keeps to the same standards so that players get more exciting, trustworthy, and reliable options. At this site, UK players will find a bountiful collection of casino games including top slots and Live Dealer games.

You can get started by registering at Zodiac and making the deposit. Then you will instantly get 80 MegaMoolah Bonus Spins. In addition, you can claim more bonuses on your subsequent five £10 deposits. As a UK-regulated slots site, there are T&Cs attached to the Bonus Spins so make sure to read through carefully. We have also prepared our Zodiac Casino Review where you can find all the information you need.

Summary

What can $/€1 buy at Jackpot City, Spin Casino and Zodiac Casino? We’ve summarized our findings and presented them in a handy chart so that you can compare and choose your favourite.

EGR US Power Summit 2023: What Top Officials in the iGaming World Discuss and Do During These Events

Igaming industry leaders gathered at the Waldorf Astoria Monarch Beach Resort in California, United States for the EGR US Power Summit on 14 and 15 September 2023. Experts discussed challenges, opportunities and trends shaping the sector, as well as new igaming products and experiences. Key to their agenda was examining the challenges of igaming legalization in certain States, as well as the advantages of AI in the industry.

The summit comprised 19 sessions featuring renowned speakers, refreshment breaks, a golf tournament, whiskey tasting, and networking.

The EGR US Power Summit is a renowned yearly event attended by the top officials of iGaming operators in North America. The event is hosted by EGR Global (egaming Review), a business-to-business publisher and membership networking group for online gaming operators. The publisher hosts many networking events including the US Power Summit.

This is an exclusive event for invite-only senior-level executives. Ideally, EGR Global releases a list of the top online casino operators in North America. The 2023 list is not yet out. But, going by last year’s list, the leading online gambling operators in North America include:

• Wynn Resorts
• Bet365
• BetMGM
• DraftKings
• FanDuel/Flutter Entertainment
• Rush Street Interactive (Sugar House)
• Delaware North
• San Manuel Casino
• Parx Casino
• PRIZEPICKS
• Kindreds
• LANDRY’S
• Fifth Street Gaming
• Pechanga Resorts Casino
• Resorts Digital Gaming
• Prairie Band Casino $ Resorts
• Gambling Group
• Eilers & Krejcik Gaming
• Checkd Group
• Caliente

This list is dependent on various factors including the overall growth of a company, geographical growth, brand awareness, how firms support responsible gambling, product development, and a firm’s enthusiasm for M&A. This will give other operators such as Caesars, Hard Rock, Penn Entertainment, Bally’s, Tipico, and others a chance to make it to the 2023 list.

Considering this is an exclusive event, media is restricted from attending, leaving no information to leakage. Fortunately, the topics of discussion are revealed on their website. Below, we look at how the event took place, what 2023 EGR US Power Summit attendees talked about, and who led the discussions.

Discussion on legalization Challenges facing New York, California, Texas, and Florida

New York legalized online sports betting in 2022. Online casinos had to wait. Bill Pascrell III, partner at Princeton Public Affairs Group and New Jersey’s leading expert on online gaming, talked about this topic and the progress of the ‘super 4’ States. The summit heard that there had been differing levels of development across the board, and Pascrell reflected on stakeholder conflicts in Florida, the failed ballot in California, and what is expected to happen next. He also spoke about the downstate casinos in New York and slow glimmers of progress in Texas.

With regard to casinos in downtown New York, the state has three casino licenses to give to casino operators. Yet, there are over 12 bidders. Two of these licenses may go to the Empire City and Resorts World which already have established casinos and class II licenses. This leaves one license up for grabs.

Regarding the failed ballot in California. This was the most expensive ballot ($460 million) in US history, which was initiated in 2022 to push for gambling expansion, especially sports betting. But, it failed.

In terms of Texas, it is one of the States that has had the slowest gambling expansion. A bill was introduced in the House, only to never see the Senate. It is like the State takes two steps forward and four backward.

Product Innovation

This was a panel discussion led by George Rover of Princeton, Melissa Blau of iGaming Capital, Erik Nyman of EveryMatrix, and Ernie Ropas of Betting Hero. The four speakers had 40 minutes to discuss why sports betting was rapidly growing while online iGaming was still lagging behind.

The four speakers highlighted some product innovations and explained how to improve customer relations by leveraging clients at land-based casinos.

AI and Oddsmaking

AI and oddsmaking was a 30-minute discussion by a fireplace led by Lloyd Danzig of Sharp Alpha Advisors and Tomash Devenishek of Kero Sports. The two showed how operators could use generative AI to create odds across any betting market.

AI is one of the hottest topics today. Led by Adam Kaplan of SportsGrid, Kevin Collins of Xtremepush, Seth Schorr of Fifth Street Gaming, and Jeff Laniado of Optimove, the AI is one of the hottest topics today. As such, the 2023 EGR US Power Summit event had to cover AI too. The conversation was led by Adam Kaplan of SportsGrid, Kevin Collins of Xtremepush, Seth Schorr of Fifth Street Gaming, and Jeff Laniado of Optimove. The panel discussed how AI is playing a huge role in improving customer experience, customer retention, and personalization, and the AI risks companies need to consider.

Improving Sports Integrity Across the Industry

People below 18 years and 21 years old in some States are prohibited from wagering on sports and playing casino games. Unfortunately, prohibited players can easily place a wager or play casino games online using their parents’ information to register online player accounts.

As such, it was crucial to discuss ways sports governing bodies, innovators, and stakeholders can apply to educate and discourage minors from placing bets to protect the integrity of sports. This conversation was led by Will Green of Acutus LLC, Joseph Solosky of NASCAR, Kevin Vonasek of Play Pause, and Matt Holt of US Integrity.

The summit heard about the future of tribal sports betting and how States would possibly collaborate in the future.

Examining Growth Avenues

The gambling industry is competitive. Apart from that, the economy is making it worse for the industry. As such, it was important for delegates to discuss new growth avenues. One of the topics discussed by the panel was mobile betting. The panel consisted of Wayne Kimmel of SeventySix Capital, Chris Grove of Acies Investment, Lloyd Danzig of Sharp Alpha, and Jai Maw of Betting Hero.

It has been proven that work without play makes Jack a dull boy. EGR Global could not risk this. The 2023 Power Summit event was scheduled with breaks after a few hours of serious discussions. This included a gold tournament, lunch breaks, whiskey tasting, dinners, and much more. Overall, it was an incredible summit and experience.

Celebrity Gambler: Steve Wynn, a winning name in Vegas and online

Prominent American entrepreneur, real estate developer and art collector Steve Wynn is famous for his involvement in luxury online casinos and the hotel industry. Born January 27, 1942, in Connecticut, Wynn’s influence left an indelible mark on the gambling and hospitality industry. His pioneering role in transforming Las Vegas into a global gambling and entertainment hub began when he renovated the Golden Nugget casino resort and opened The Mirage and The Bellagio.

Wynn started his career in the 1960s after inheriting a stake in his father’s bingo parlour. Over the years, he transformed this into world-class casino resort that set new gambling and entertainment standards. However, Wynn’s name is also associated with allegations of sexual misconduct which caused him to resign from Wynn Resorts in 2018. Despite this, his contributions to the casino industry continue to be studied to context the broader gaming and hospitality landscape.

Steve Wynn Information

The Godfather of America’s casino industry

Wynn is known as the Godfather of America’s casino industry. He was a pivotal figure in developing the Las Vegas Strip, and created iconic resorts such as the Bellagio, Mirage, Golden Nugget, Wynn and Encore, but it wasn’t always this easy for him. After his father died in 1963, Wynn inherited the family’s bingo business and he worked long and hard to expand it into a successful company. In 1971, Steve used the profits from a lucrative real estate deal and purchased the Golden Nugget Las Vegas gambling hall, which he later converted into a luxurious hotel and casino.

Today, Wynn is one of the most successful casino operators globally. He owns four elite casino properties – Wynn Las Vegas, Wynn Macau Resort, Encore at Wynn Las Vegas, and Encore at Wynn Macau. His net worth is estimated at $/€3.2 billion. But it doesn’t end there. He is also an avid collector of fine art and has been known to spend over $/€30M on paintings by Rembrandt and Picasso. So, how can it be that a man of his calibre was sued for sexual misconduct? Keep reading and find out more.

Recently, Wynn stepped down as CEO of Wynn Resorts after The Wall Street Journal reported numerous sexual misconduct accusations against him. This was after many of Wynn’s female employees came forward alleging that they were forced to perform sexual acts with him over the years. Wynn made a

statement claiming that the idea that he assaulted any woman is preposterous. However, in 2018, he stepped down from his CEO position, which many say made him look suspicious. However, the resignation didn’t put an end to his troubles as the Massachusetts Gaming Commission and other independent directors were set to investigate the allegations. Furthermore, the Wynn Resorts shares dropped from $/€201.30 on January 26 to $/€163.48 on January 29, a loss of $/€463 million.

Entrance into the US real Money online casino market with WynnBET Casino

From December 2022, US Real Money Online Casino games became legal in six States in the USA, with each State having a different number of online casino options to choose from. Each of the following online casinos and sportsbooks all have legal online casino gambling options:

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• Delaware – Partnered with 888 Casinos and works closely with the Delaware State Lottery.
• Michigan – Over a dozen regulated casinos, including Caesars Casino and legal sports betting.
• New Jersey – The legal gambling hub in the USA, home to the most legal casinos and sportsbooks.
• Pennsylvania – Joined the party in 2019 with BetMGM, FanDuel, and Borgata, among others.
• West Virginia – There are four online casinos in the Mountain State, with more joining soon.
• Illinois, Indiana, Massachusetts, and North Carolina will join regulated casinos shortly.

If you’re wondering where to play your favourite online casino games and you reside in Massachusetts, Michigan, or New York, WynnBET Casino and Sportsbook is the ideal option. WynnBET opened in 2020 with a professional online casino and sportsbook. Featuring over 600 top-quality games, WynnBET includes slots of every type, table games, and progressive jackpots that can deliver life-changing wins.

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Whats next for Steve Wynn?

After being sued for sexual harassment, Wynn was hit with a $/€10M fine but he still has plenty in the coffers. Earlier this year, the casino mogul slashed $/€15 million off the price of his palatial 3-acre property, bringing the price down to $/€85 million. His house was listed in 2020 for $/€135M and has been part of his property portfolio since 2015, when he purchased it for $/€47.8 million.

In Las Vegas, the name Steve Wynn is frequently spoken about. His impact on the Vegas skyline culminates decades of hard work. Las Vegas wouldn’t be the city it is today without Wynn, and his legacy deserves to be recognised. It would seem that for now, the Wynn brand will be taking a short hiatus. Wynn might be in his 70s, but he’s not about to retire any time soon – watch this space!

Spain to create a centralized data registry of betting games

Spain is deliberating the implementation of a centralized data registry for betting games in the country. Spain’s gambling regulatory body, the Dirección General de Ordenación del Juego (DGOJ) came up with the proposal, stating that such a registry would compile and keep customer data from all licensed gaming operators.

These would include data from minimum deposit casinos, top online casinos and minimum bet sportsbooks. Work has already begun on the policies relating to the registry’s data management and roll out, but these exact details were not clear.

This ground-breaking initiative would mean significant changes in Spain and the best online casinos would have to comply.

The DGOJ said this system would improve monitoring and regulation within the gambling industry.

DGOJ director general Mikel Arana said: “The creation of a centralized data registry will increase the transparency and accountability of gambling operations in Spain. Furthermore, it will provide a robust framework to monitor and ensure compliance with the highest standards of responsible gambling.”

Impact on gambling operators in Spain

Once this registry comes into effect, operators will be required to establish risk profiles for customers or players who are under 25-years-old. The reason for focusing on individuals under 25 emerges from research into behavioural studies.

It has come to light that some studies in the country have indicated that this age group is more vulnerable to developing addictive gambling behaviours than other age groups. But the name of these studies have not yet been divulged.

By implementing risk profiles for this age group, the DGOJ believes that casino operators will be enabled to identify and intervene in cases where individuals are over indulging in gambling activities at online casinos. These profiles are expected to be a foundational element of the new regulatory framework, due to be release next year.

Spain hopes that by carefully examining the gambling habits and patterns of younger players, it will be able to proactively address potential issues such as gambling addiction and financial irresponsibility. It believes responsible gambling practices are key.

For now, these risk profiles are still under discussion with casino operators, and it is unclear whether any online casino operator has begun developing them.

The deadline for finalization of the project is set for the end of 2024 and the registry’s implementation is due to be begin early in 2025. While the specifics of these risk profiles are yet to be discussed, the DGOJ is expected to set a timeline for compliance in the near future.

It is expected that all casino operators will be given a reasonable timeframe to implement the necessary measures before the registry comes into effect.

The DGOJ says this mandate emphasizes Spain’s proactive approach to safeguarding vulnerable age groups and promoting responsible gambling practices across the board. 

Reasons for Spain’s betting registry

The reasons behind the move aligns with Spain’s efforts to promote responsible gambling practices. Decision makers believe this will help alleviate the negative consequences associated with excessive gambling.

The regulator’s general director Mikel Arana has commented on the matter, emphasizing that “the establishment of a centralized data registry will enhance the transparency and accountability of gambling operations within Spains low minimum deposit casino industry. It will provide a robust framework for monitoring and ensuring compliance with the highest standards of responsible gaming”.

By compiling data from diverse operators onto a unified platform, authorities can more effectively monitor compliance. This will make it easier to detect irregularities and intervene promptly where necessary.

These changes align with the laws on all responsible gaming environments, which aim to promote responsible gambling behaviours and protect vulnerable individuals from harm. By enforcing data-driven insights and regulatory oversight, the centralized registry will play a pivotal role in ensuring compliance with responsible gaming standards and identifying areas for improvement within the online casino industry.

The registry will form a collaboration between regulatory authorities and gaming operators. This will enable a more effective way of monitoring gambling activities and ensuring that all rules are adhered to. By centralizing customer data, the DGOJ can streamline regulatory processes and enhance the efficiency of any missed steps.

This ultimately this would benefit both consumers and the online casino industry. The law on responsible gaming environments emphasizes the need for comprehensive data collection and analysis to support evidence-based policy making. The registry serves as a key element of this strategy, empowering casinos with actionable insights to tailor interventions and support mechanisms effectively.

With any major change, there have to be concerns. Critics have raised concerns over data privacy and security implications associated with such a comprehensive registry. In response, the DGOJ has assured the necessary data protection protocols. The safeguards will be implemented to uphold consumer privacy rights and eliminate potential risks of unauthorized access or misuse.

Arana stated, “The establishment of a centralized data registry is a crucial step towards enhancing transparency and accountability within the gambling sector.”

As Spain moves forward with the establishment of its centralized betting registry, stakeholders across the gambling industry are preparing for a new era of heightened scrutiny and accountability. While challenges and adjustments lie ahead, some have argued that the registry represents a proactive step towards ensuring sustainable growth and responsible gambling within Spain’s dynamic igaming industry.

Spain’s initiative to create a centralized data registry of betting games marks an important milestone in its regulatory framework. By controlling the power of data analytics and unified oversight, the country aims to set a precedent for effective regulation and consumer protection in the global gambling industry.

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By Ginevra Alessandrello

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Ginvera Alessandrello
Contributing writer

Ginevra Alessandrello is a multilingual iGaming SEO writer with over a decade of experience in crafting compelling content for the regulated gambling industry. Fluent in three languages, she has written extensively for diverse markets, including Canada, New Zealand, South Africa, Australia, the United Kingdom, and the US (sweepstakes and social casino sectors). Before diving into the casino industry, Ginevra honed her communication skills in the Public Relations field, mastering the art of connecting with audiences through engaging storytelling. As a valued contributor to Minimum Deposit Casinos (MDC), she creates high-quality content for Canada, New Zealand, the UK, South Africa, and the global platform, blending her expertise with a deep understanding of the iGaming world.

Half of gambling helpline calls in US were for technical assistance to place bets

The US Department of Public Health’s Problem Gambling Services Helpline is experiencing an unusual trend. Instead of addiction support, which is why this helpline was set up in the first place, many use it to get help with placing bets, and in particular at minimum bet sportsbooks.

According to the latest statistics, half of over 2,000 calls were for technical assistance to place bets, especially on mobile sports platforms. Additionally, 1,043 gamblers contacted operators to get answers to general questions related to how wagering real money on platforms work.

According to the service data, the number of such calls between July 2022 and June 2023 has increased compared to previous years. This is significant data, considering that this service has been around for a long time. But despite this, the Helpline is using it as an opportunity to speak about responsible gambling to callers. According to experts, one of the main reasons they believe there has been an increase in calls to the Helpline is because of the legalization of sports betting in Massachusetts.  

Surge in calls comes after sports betting is legalized in Massachusetts

Sports betting in Massachusetts was legalized in August 2022. Additionally, retail sports betting went live in January 2023. These changes affected several sectors, including, unexpectedly, the US Department of Public Health’s Problem Gambling Services Helpline.

Apparently, this legalization has been well received by many players from The Bay State. However, many of them do not have a complete understanding of how betting works on online platforms, especially on mobile platforms.

As a result, the Helpline witnessed a surge in calls. Thanks to their preparedness, these calls were appropriately handled.

Although the primary purpose of this service is to help players practice responsible gambling and deal with problem gambling, many players from Massachusetts and other US states use it to find out how to enter the world of internet gambling, and in particular top online casinos.

Reports of an increased number of calls do not mean that the number of players facing problem gambling has increased. This was confirmed by Victor Ortiz, the director of the Problem Gambling Services Helpline.

“The Problem Gambling Helpline provides an important connection between those who are experiencing problem gambling — including sports betting — and services that can help,” Ortiz said.

“Expanded access to gambling in the Commonwealth poses risks, particularly to those in recovery, and highlights the need to provide responsive referrals to callers based on their needs.”

This unusual trend may lead to unexpected success for this service. Namely, with every call they receive, operators remind users that they ensure responsible gambling, pay attention to their budget, and see gambling as a form of entertainment and not as a way of making money. This is an unexpected education, which indirectly helps in reducing the number of people who become addicted to gambling.

On a positive note, there is also a growing number of calls seeking help for family members, colleagues, and friends. Interestingly, the rate of male callers is increasing while the number of female callers is more or less the same. With this information in mind, it may be a good idea to think in the direction of creating campaigns that will target these categories of players. Specifically, we are talking about men between the ages of 25 and 40.

Massachusetts Senate wants to higher taxes for sports betting in Massachusetts

Although many US states legalized sports betting years before Massachusetts, this state still managed to surpass most in revenue generated from this activity. In fact, minimum bet sportsbooks have become a hit in this region. In April alone, the Massachusetts sports betting industry had revenue of over $50 million. With that, it became the second US state in the number and value of bets.

On the other hand, compared to the same month last year, it is a decrease. Regardless, Bay State remains one of the national industry leaders.

The initial resistance that specific structures had towards legalization is slowly fading. This situation will change further if taxes on sports betting are increased. Currently, the Massachusetts State Senate is considering increasing taxes on sports betting from 20% to 51%. This initiative is also supported by Senator John Keenan.

When it comes to sports betting taxes, you can’t say that the tax in Massachusetts is low. Other states have lower percentages, such as Colorado with 10%, New Jersey with 13%, and Virginia with 15%. However, there are states where it is higher, such as New York with 51%. It’s clear that legislators want to follow this example, which has proved quite successful in the Empire State. As a reminder, New York is the leader in sports betting revenue. In 2023 alone, this activity generated a revenue of about $1.7 billion.

The potential tax increase will not affect the advertising policies of sportsbooks. Experts in the field agree that MA remains one of the states with the strictest advertising rules. It certainly goes in favor of suppressing the emergence of problem gambling. However, some sports bookmakers do not share this opinion.

In addition, it is worth mentioning that betting on college sports is not allowed, except for college teams that are part of major competitions.

Currently, the Massachusetts Gaming Commission has issued licenses to several sportsbooks. Most of them are brands available in other US States. You will find names such as DraftKings, a reputable brand offering live betting, same-game parlays, and more among them. Another brand with a massive fan base is FanDuel, a minimum bet sportsbook with great experience and presence in several US states, including Arizona, Tennessee, West Virginia, and New York. Other notable MA sportsbooks include ESPNBet, Caesars, Fanatics, BetMGM, and WynnBET.

Calls for technical assistance highlight the need for education on responsible gambling practices

By almost all predictions, sports betting in Massachusetts will continue to grow whether or not proposed tax increases related to this activity are approved by the Senate. It will certainly significantly impact the economy and society because the authorities mostly direct these revenues to things that benefit the community. For example, with those revenues, schools are renovated, hospitals are built, etc.

However, with positive things can also come specific problems, such as the emergence of problem gambling. Massachusetts legalized gambling later than many states, and this is an advantage because the authorities can build their strategy based on real-life information about these things.

The fact that half of the calls to the US Department of Public Health’s Problem Gambling Services Helpline are for help with placing bets suggests that a large proportion of MA players are not educated in this area. The authorities need to raise awareness of the dangers of gambling, as do betting sites and places where you can only bet with your physical presence.

In addition, the Massachusetts Gaming Commission may require sportsbooks to post the betting rules in a prominent place and provide more detailed instructions on practicing this activity.

There are also announcements that online gambling will be legalized, which will allow players to visit different Real Money US online casinos. These announcements are based on the experience of other states. However, such a move should be considered in detail because the danger of problem gambling will increase. Investing in additional agents to support the US Department of Public Health’s Problem Gambling Services Helpline sounds like a valid idea in this case.