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...
by Christina Monroe | Jul 6, 2020 4:41 pm | Revenue
Churchill Downs Incorporated (CDI) has seen an overall 5% loss in the first quarter of 2020 when compared to 2019’s reports. CDI facilities across the country have been closed because of COVID-19 and Calder Casino, the horse racing track in Miami that was slated for...
by Carter Floyd | Jul 5, 2020 7:00 am | Revenue
COVID-19 has created an estimated $615 billion hole in state budgets through public health expenses and lost tax revenues. Many states have turned to sports betting odds as one potential avenue to mitigate the economic losses caused by COVID-19. Since the near start...
by Carter Floyd | Jul 1, 2020 9:52 am | Revenue
Nevada’s combined sports betting and poker revenues increased 61% in May, from $3.6 million in April up to $5.8 million. Exact betting figures, win rate, handle, etc. were once again redacted to comply with confidentiality laws. Gambling revenues in Nevada are...
by Carter Floyd | Jun 29, 2020 9:46 am | Revenue
Rhode Island sportsbooks handled only $11.1 million in sports wagers and earned only $1 million in revenue between March 1 and May 31. This drastic decrease is largely the product of the state’s legal requirement that online betting accounts be registered in person....
by Carter Floyd | Jun 26, 2020 9:52 am | Revenue
New Jersey’s sports betting industry had a $117.8 million betting handle and earned $9.9 million in revenue in May. These totals represent massive month-over-month increases from April, indicating that New Jersey sportsbooks are on the path to financial recovery from...
