by Michael Molter | Jan 20, 2020 6:23 pm | Revenue
Roughly $22.5 million is projected to be contributed to the state from legal Kentucky sports betting. Comparing the betting market to Mississippi, this could be a vast overestimation. Some believe that the state would only take in around $3 million from football and...
by Christina Monroe | Jan 16, 2020 12:27 pm | Revenue
Pennsylvania has one of the highest tax rates on sports betting revenue among any state with legal gambling on sports. At first, this was seen to be detrimental to their market but it has now since proved the naysayers wrong. The state surpassed New Jersey in terms of...
by Daniel Borjas | Jan 5, 2020 10:08 am | Revenue
Disney stocks and stocks from MGM Resorts will likely increase in value with legal sports betting spreading across the U.S. Many states are looking to legalize sports wagering in 2020. There are risks that people interested in investing in stocks should consider...
by Michael Molter | Dec 31, 2019 11:05 am | Revenue
The total money wagered at licensed sportsbooks throughout 2019 broke the $11 billion mark. Over $750 million was kept by sportsbooks as revenue from bettors’ losing wagers. With mobile betting becoming standard, 2020 should see over $20 billion wagered. LAS VEGAS –...
by Hasan Nabulsi | Dec 28, 2019 9:49 am | Revenue
New Jersey legalized online casino games and online poker in February 2013. Online casino revenue in New Jersey was only expected to increase by 20%. Sports betting focused online platforms, including DraftKings and FanDuel Sportsbook, offer casino games in New...
by Michael Molter | Dec 27, 2019 12:17 pm | Revenue
Delaware sportsbooks are bringing in sports betting revenue at some of the highest winning margins in the country. Despite the bettors in Delaware’s shaky performances, the state is still far off its revenue projections. As the betting handle continues to decrease...
