Maxim and Carousel Launches MaximBet Online Casino and Sportsbook

Maxim Magazine seems to have had its share of popularity in the media market and is moving into the online gambling business. The MaximBet casino and sportsbook are set to launch in New Jersey later this year in what would be described as a late entry into an already competitive market.

The Carousel Group recently announced its partnership with the media company that would see a rebrand of its online gambling platform. This could be a nice way for the Carousel Group to build a strong customer base in the market without racking up costs in advertisements. With the deal in place, both brands look to push the gambling product through Maxim media channels.

Online Casinos in NJ

Online Casinos
Bonus
Brand Features
Review
Play Now
Unibet Online Casino
$10 Free No Deposit Bonus
$10 Free No Deposit Bonus
Read Review
PartyCasino
100% Deposit Match up to $1000
100% Deposit Match up to $1000
Read Review
SugarHouse Casino
$250 Welcome Bonus
$250 Welcome Bonus
Read Review
888Casino
$20 NO DEPOSIT BONUS
$20 NO DEPOSIT BONUS
Read Review
Bet365 Casino
Get a New Player Bonus of up to $500
Get a New Player Bonus of up to $500
Read Review
Deposit between. $10 and $500. Bonus will be matched to qualifying deposit. 20x wagering on deposit and bonus to make bonus balance withdrawable. Time limits and T&Cs apply.
Borgata Casino
100% Deposit Match up to $1000
100% Deposit Match up to $1000
Read Review
BetMGM Online Casino
100% Deposit Match up to $1000
100% Deposit Match up to $1000
Read Review
Caesars Online Casino
$1000 Casino Bonus
$1000 Casino Bonus
Read Review

Maxim owns an already popular print magazine and it also produces digital content through a variety of channels which when compiled, runs into millions of subscribers.

What To Expect From The Partnership

The partnership between Maxim Magazine and the Carousel Group is unarguable one of the best deals in the industry. Maxim brings its marketing channels while Carousel brings its gambling products to the table.

Carousel had previously sealed a deal with Caesars which gave it access into the NJ market to launch its online sportsbook. This new partnership also applies to its online casino.

Before the news release, it was expected that its SportsBetting.com brand would launch in New Jersey, however, with the new partnership in place, MaximBet would replace the SportsBetting.com brand. Plans are already in place to set up a website along with an Android and iOS mobile app. However, it remains unknown whether the new properties will be given their own forums on Maxim magazine releases.

Just like the previous SportsBetting.com brand, there isn’t any specific timeline for the launch of MaximBet in any market. Carousel is already pushing towards approval in several US states. It is already live in Colorado, however, it is yet to gain regulatory clearance in Iowa and Indiana.

Carousel might be taking a step in the right direction by partnering with a brand that already has an audience. Its SportsBettting.com brand gives it a nice advantage in the industry.

The name of the brand is already a high-ranking keyword that would draw in organic and paid search when people within its targeted market search for an online sportsbook.

Scrapping this brand for MaximBet might seem like a miss as few people would actually search for the MaximBet brand. However, Maxim content consumers in their millions is the biggest catch as it would draw in many prospective gamblers to its platform.

Still, there is some doubt as to whether Maxim consumers will convert into regular gamblers and give Carousel a foothold over the NJ market. NJ is one of the leading online gaming markets in the US filled with options and tons of successful operators. It is possible that taking on Maxim’s ready-made marketing arm would give Carousel an edge in the market.

Info Regarding Carousel’s Funding

Carousel seems to have gained access to funds to take MaximBet live. The release mentions a Series A investment round of $50 million from xSigma Entertainment Limited. According to the statement,

“xSigma is a wholly-owned subsidiary of Nasdaq listed ZKIN International Group, a diversified and innovative, tech-forward company that is pleased to act as a capital partner to MaximBet.”

With Carousel already being late to the market, partnering with Maxim might be the only option it has to gain a significant share of the market within the first few months of its launch. With the deal already in place and set for a market launch, everyone will have to wait and see if Maxim’s media channels can deliver regular gamblers to Carousel as both brands had hoped.

NJ Online Casino NewsSee more

BACK TO TOP