by Ben Fiore | Jun 29, 2022 1:12 pm | Revenue
The New York sports betting market has a 51% tax, compared to New Jersey only having a 13% tax rate, making it hard for NY Sports Betting Operators. FanDuel has led New York with 47% of the mobile sports betting market share in the month of June, with Draft Kings...
by Giovanni Shorter | Jun 15, 2022 10:33 am | Revenue
The Colorado Office of the State Auditor discovered issues during its audit of the sports betting market in Colorado. The Division of Gaming has given out too many temporary sports betting licenses, costing tax dollars in the process. The audit covered the first full...
by Giovanni Shorter | May 26, 2022 10:39 am | Revenue
Since its launch in January 2022, NY has seen over $400 million in mobile betting revenue with the state seeing over $200 million in taxes. ALBANY, N.Y. – Morgan Stanley has recently given its projections on the New York sports betting market, predicting revenue...
by Giovanni Shorter | May 17, 2022 10:33 am | Revenue
New Jersey’s streak of $1 billion betting handle months comes to an end in April 2022 as sportsbooks raked in $926.9 million. The betting handle is actually up 23.9% compared to April 2021 but revenue is slightly down 8.2% year over year, however. TRENTON, N.J. – New...
by Brett Crown | May 3, 2022 11:39 am | Revenue
Virginia sportsbooks took in a near-record handle in March 2022. March Madness bets in Virginia may have accounted for a large portion of bets. RICHMOND, Va. – Online sportsbooks in Virginia did well for themselves in March 2022, recording the second-highest...
by Jerad Paparella | Apr 20, 2022 11:57 am | Revenue
According to a recent report released by the Pennsylvania Gaming Control Board, Pennsylvania’s sportsbooks handled $714.96M in wagers for $48.51M in revenue. The $48.51 million in March sports betting revenue was more than double Pennsylvania’s figure from February...
