Sports Betting is on Pace to Surpass $100 Billion in 2023

Sports Betting

Americans bet $79.76 billion on sports since January of 2023. Based on current pace and upcoming sporting events, the market expects to continue its growth and surpass the $100 billion mark before the year ends. The emergence of new online sportsbooks and more states with … Read more

Taxes From Pennsylvania Sports Betting Crosses $500 Million

Pennsylvania Welcome Sign

The Pennsylvania Gaming Control Board released October’s sports wagering report, detailing a record high in monthly handle ($829 million) and the sixth highest tax contribution $17.3 million. While the revenue created from Pennsylvania sportsbooks hits the general fund, analyzing Pennsylvania’s expenditures show what sports betting … Read more

DraftKings Begs for Voided Bets Despite Record-Setting Month

DraftKings

DraftKings Sportsbook set new monthly records in Massachusetts for sports betting revenue and handle in October. The state’s largest operator seeks 178 winning wagers to be voided due to an error with incorrect odds. Massachusetts players placed $4,182.36 and won $575,436 on the incorrect NBA … Read more

NFL’s Return Sparks $726 Million Pennsylvania Sept. Handle

Pennsylvania Sportsbook

Pennsylvania’s September sports betting handle surpassed $726 million with the return of NFL betting. The state earned $66.1 million in revenue, a 12.2% increase from Sept. of 2022. FanDuel led all legal Pennsylvania sportsbooks with a Sept. handle of $256.39 million. PHILADELPHIA – The Pennsylvania … Read more

Maryland Sportsbooks Earn Over $45 Million With NFL Return

Maryland Sportsbook

Maryland’s sports betting revenue report for September shows a handle of $442.5 million. Sports betting operators in the state earned $45.6 million in gross revenue. FanDuel and DraftKings combined for over $329 million in September sports betting handle. ANNAPOLIS, Md. – Maryland Lottery and Gaming … Read more