In the past year or so, sports betting experienced meteoric growth as one of the most popular types of gambling. The American Gaming Association (AGA) Commercial Gaming Revenue Tracker reported that sports betting alone collected $666.1 million in November 2021. IGaming and sports betting constituted 20.9% of the total monthly revenue for November 2021. The AGA cites football as the main factor in this explosion in sports betting. The NFL Playoffs started this past weekend, and sports betting will no doubt continue ahead of Super Bowl LVI in February. Pavilion Payments endorses safe, responsible, and fun gaming for the NFL postseason.
As an industry leader, Pavilion Payments advocates for responsible gaming by promoting initiatives and integrating responsible gaming measures into its products. Pavilion Payments supports the AGA’s Have A Game Plan.® Bet Responsibly.™ responsible gaming initiative. The Have A Game Plan initiative provides tips and principles for engaging in safe, responsible, and fun play. Along with Pavilion Payments, Have A Game Plan is partnered with Barstool Sportsbook, DraftKings, FanDuel, Monumental Sports and Entertainment, NASCAR, the New York Jets, the NHL, the PGA TOUR, SeventySix Capital, Sightline Payments, Sinclair Broadcast Group, UFC, Vegas Golden Knights, and the Washington Football Team.
Additionally, Pavilion Payments encourages responsible gaming with its products. VIP Mobility™, the industry’s first mobile solution enabling true cashless gaming from funding through cash-out, includes controls that allow patrons to determine precisely how much they spend. VIP Mobility features pre-set configurable spending limits, so patrons can be sure they stay on budget. Pavilion Payments’ industry-standard e-check network, VIP Preferred®, allows clients to voluntarily self-exclude from service if gambling becomes a serious problem.
Sports betting will likely continue to rise with the NFL Playoffs and other sports events like Super Bowl LVI and March Madness. An estimated $6 billion will be wagered this year on the Super Bowl. While betting can make watching sports more exciting, it comes with some risks, and educating people on that risk is more important than ever. Pavilion Payments is committed to education and ensuring a safe gaming environment.
Click here to learn how Pavilion Payments promotes responsible gaming.