by Carter Floyd | Jul 14, 2020 10:48 am | Revenue
It’s official: Colorado handled $25.5 million in wagers in May and collected $947,000 in revenue. Although the hold rate was lower than average, the total handle was the second-highest of any state in its sports betting debut month, even with the pandemic cutting into...
by Carter Floyd | Jul 13, 2020 10:15 am | Revenue
Indiana totaled a $29.8 million betting handle in June and collected $2.9 million in sports betting revenue. This raised $277,600 in state taxes. Handle was down 20% from May; revenue was also down 8%. It is strange to see betting handle and revenue decrease after...
by Carter Floyd | Jul 12, 2020 12:39 pm | Sports Betting
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...
by Carter Floyd | Jul 8, 2020 10:05 am | Sports Betting
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...
by Carter Floyd | Jul 7, 2020 10:57 am | Revenue
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...