by Carter Floyd | Jul 17, 2020 9:36 am | Revenue
Pennsylvania sportsbooks handled $111.4 million in wagers and earned $8.6 million in revenue in June, with a hold rate of 7.5%. Handle and revenue continue to increase rapidly every month as the sports betting industry recovers from the March crash caused by the...
by Carter Floyd | Jul 16, 2020 12:37 pm | Revenue
Mississippi casinos were able to reopen in late May and early June, leading to the first sports betting action in months. In June, Mississippi sportsbooks handled $1.6 million in sports bets and lost $62,230, a hold rate of -3.85% Although the amount of money lost is...
by Carter Floyd | Jul 16, 2020 9:50 am | Sports Betting
Hall of Fame horse trainer Bob Baffert has been suspended for 15 days after two of his horses, Charlatan and Gamine, failed drug tests. Both horses tested positive for lidocaine, a numbing agent that can be used to help horses perform at their peak even when injured....
by Carter Floyd | Jul 15, 2020 9:59 am | Revenue
New Jersey totaled $165 million in sports betting handle and $12.6 million in revenue in June—monthly increases of 40% and 28%, respectively. Casinos began reopening in early July and major North American sports leagues are already returning to play, which should...
by Carter Floyd | Jul 15, 2020 9:18 am | Revenue
The Big Ten and PAC-12 conferences have announced that their members will be playing exclusively conference games in Fall 2020. Other conferences will make their own decision on non-conference games in late July, but it is likely that nonconference games will either...
