Hacksaw Gaming, a prominent online casino content provider, has recently solidified its presence in the lucrative US iGaming market through a strategic collaboration with Rush Street Interactive (RSI) in New Jersey. This partnership further strengthens the successful relationship between the two companies, following previous launches in West Virginia, Mexico, and Ontario.
Partnership Details:
Hacksaw Gaming and Rush Street Interactive have joined forces to bring Hacksaw’s diverse range of iGaming titles to players in New Jersey. Through the widely acclaimed BetRivers app, players will gain access to popular titles such as Chaos Crew, Om Nom, and Stack’em. This move follows the successful integration of Hacksaw Gaming online slots into the BetRivers platform in West Virginia earlier, highlighting the seamless collaboration between the two companies.
CEO Perspectives:
Hacksaw Gaming’s CEO, Marcus Cordes, expressed his enthusiasm about the expanded partnership, emphasizing the strategic importance of entering the New Jersey market. Cordes stated, “Securing New Jersey, a highly significant jurisdiction and pioneer on the American iGaming front, should add to the already proved insightful and triumphant venture.”
Rush Street Interactive’s CEO, Richard Schwartz, echoed the sentiment, stating, “We are so pleased to extend our partnership with Hacksaw Gaming into New Jersey, following our successful launches with them in Mexico, Ontario, and West Virginia.” The collaboration not only underscores the success of their past ventures but also signifies a shared commitment to furthering their presence in key iGaming markets.
Market Overview:
New Jersey’s gaming industry has showcased remarkable growth, with the New Jersey Division of Gaming Enforcement (NJDGE) reporting impressive revenue results for December and the full year of 2023. The state’s total gaming revenue reached $522.2 million in December, marking a substantial 14.8% increase from the previous year. The overall gaming revenue for 2023 amounted to $5.78 billion, reflecting a commendable 10.9% year-over-year growth.
Breakdown of December Revenue:
Casino revenue in December registered $232.4 million, indicating a 7.8% year-over-year increase. This positive growth is indicative of the resilience and popularity of traditional casino gaming in the state.
Online gaming revenue posted a notable increase, reaching $180.3 million in December compared to $151.5 million in 2022. The full-year figure for online gaming revenue surged from $1.66 billion to an impressive $1.92 billion, showcasing the robust demand for online gaming experiences.
The collaboration between Hacksaw Gaming and Rush Street Interactive in New Jersey is a significant milestone for both companies, further establishing their foothold in the thriving US iGaming landscape. As the state continues to report impressive gaming revenue figures, the partnership is well-positioned to capitalize on the growing demand for online gaming content. With innovative titles and a strategic approach, Hacksaw Gaming and Rush Street Interactive are poised to make a lasting impact in one of the nation’s most influential iGaming markets.