Carter Floyd 
Pennsylvania handled nearly $330 million in total bets in February but earned only $11.4 million in gross revenue—a hold percentage of 3.47%. This figure is disappointing for Pennsylvania sportsbooks, and there is no clear reason for the decrease. With March Madness and other sporting events … Read more
Major sportsbooks are now offering fans the opportunity to bet on the results of lottery drawings for the Powerball and New York Lotto. COVID-19 could severely depress the purchase rate for lottery tickets; this could give an edge to players who bet at -1200 that … Read more
Joe Biden (-5000) is a heavy favorite over Bernie Sanders (+1200) to win the Illinois Democratic primary election. The ongoing COVID-19 pandemic could depress older voter turnout, which leaves some potential for Sanders to make up ground. Illinois has been experiencing chaos across the state … Read more
Sportsbooks around the country have been forced to either close temporarily or turn to new sports to make up for lost revenue. Notable betting options now include Liga MX, UFC, and the Australian Football League. These options have been popular with American fans despite their … Read more
Sportsbooks in the United States could lose $2 billion in handle and nearly $200 million in revenue as a result of the COVID-19 pandemic. Local and state governments project to lose over $24 million in tax collections off this lost revenue. Even once the sports … Read more
Coronavirus caused widespread cancellations, postponements, and suspensions of play in one of the most apocalyptic days in sports history. A handful of international soccer events were still played as scheduled. Manchester United (-132) extended their unbeaten streak in a 5-0 win over Austrian Club LASK … Read more
14 basketball conferences announced today that they would be canceling basketball championship tournaments, effective immediately. These cancellations included all power conferences: the ACC, Big 12, Big East, Big Ten, Pac-12 and SEC. Some conferences, including the SEC and Pac-12, have announced additional restrictions on athletic … Read more
The Hornets (+425) earned a big upset win over the Heat. Washington State (+400) shocked NCAA Tournament-bound Colorado in the Pac-12 tournament. Syracuse (+2.5) reminded us that North Carolina isn’t very good with a blowout ACC tournament win. An open net goal in the closing … Read more
The Brooklyn Nets shocked the NBA with a road win against the 11 point favorite Los Angeles Lakers. For Gonzaga and the L.A. Clippers, it was just another dominant day at the office. The usual erratic play from the Cleveland Cavaliers led to Tuesday’s bad … Read more
Former Vice President Joe Biden is a heavy favorite to win Michigan’s Democratic Primary, from odds of -1500 to -3000 depending on where you bet. His opponent, Senator Bernie Sanders, won the Michigan primary in 2016 as a heavy underdog. FiveThirtyEight projects Biden to win … Read more
Montana will finally begin constructing sports betting kiosks on Monday. It is unclear how soon these kiosks will be able to accept bets. Montana is a small state in terms of population, but its sports betting industry could still be worth hundreds of millions. HELENA, … Read more
American sportsbooks saw revenues more than triple from January 2019 to January 2020. Total betting handle increased greatly as well, even after accounting for industry expansion. With more states set to launch sportsbooks in 2020, this trend of growth should continue. LAS VEGAS – In … Read more