Carter Floyd 
Iowa sports betting handle increased by $5.7 million, or 82%, in June. Total handle was $12.7 million. Even with a hold rate under 5%, Iowa sportsbooks collected $620,000 in revenue—a 24% increase from May. Casinos have begun to reopen with limited capacity and social distancing … Read more
Deutsche Bank analysts foresee huge positive growth for GVC Holdings in the back half of 2020. Deutsche’s consensus projection for GVC Holdings set its target price at 1040 GBX, nearly 30% above the current price. One analyst went one step forward and projected 2020 earnings … Read more
PrizePicks is a popular domestic daily fantasy sports operator. The company received $850,000 in bridge funding, a form of short-term private investment aid, in response to the COVID-19 pandemic. The investors for this bridge funding believe in the long-term potential of PrizePicks as a major … Read more
New betting restrictions in England and Scotland are threatening the English Football League (EFL) and Scottish betting shops, respectively. England is considering banning gambling sponsorships for Premier League clubs in the 2021 season, as well as for EFL clubs by 2023. Scotland has allowed brick-and-mortar … Read more
COVID-19 has created an estimated $615 billion hole in state budgets through public health expenses and lost tax revenues. Many states have turned to sports betting odds as one potential avenue to mitigate the economic losses caused by COVID-19. Since the near start of the … Read more
Both Tipico, a top German sports betting firm, and Amelco, a top English firm, are set to launch new mobile sportsbooks in the U.S. within the next two months. Even with the coronavirus halting major sports leagues in the U.S. and around the world, mobile … Read more
Nevada’s combined sports betting and poker revenues increased 61% in May, from $3.6 million in April up to $5.8 million. Exact betting figures, win rate, handle, etc. were once again redacted to comply with confidentiality laws. Gambling revenues in Nevada are trending up, but a … Read more
Illinois casinos will be allowed to reopen beginning on Wednesday with new social distancing and public health regulations. This will be the first opportunity for retail sports betting in Illinois in three months. Access to online and mobile sports betting odds have been expanded since … Read more
Rhode Island sportsbooks handled only $11.1 million in sports wagers and earned only $1 million in revenue between March 1 and May 31. This drastic decrease is largely the product of the state’s legal requirement that online betting accounts be registered in person. Casinos are … Read more
New Jersey’s sports betting industry had a $117.8 million betting handle and earned $9.9 million in revenue in May. These totals represent massive month-over-month increases from April, indicating that New Jersey sportsbooks are on the path to financial recovery from COVID-19. Major North American sports … Read more
Pennsylvania is considering a bill to authorize video gambling terminals at more than 10,000 bars, taverns and restaurants throughout the state. Some prominent Republican lawmakers support the bill, but it is widely opposed by Pennsylvania’s casino industry and by a bipartisan coalition of legislators. Opponents … Read more
According to the Washington State Gambling Commission, sports betting odds likely won’t be available in Washington until 2021. There are a number of regulatory hurdles that need to be cleared prior to launch, including renegotiated tribal gaming compacts and comprehensive rules and regulations. Washington is … Read more