Pennsylvania, Illinois, New York and New Jersey have contributed over $1 billion to local governments from sports betting taxes. Nevada sports bettors hold the best win rate (5.65%), while Montana sportsbooks see bettors lose at the US’s worst rate (13.5%). WASHINGTON – Nationwide, sports betting … Read more
FanDuel Sportsbook launched in Washington DC in mid-July, but still, put up a respectable handle while dominating other sportsbooks when comparing rate statistics. Despite factors working against long-term exponential growth, FanDuel is likely to grow its revenue within the nation’s capital due to football season … Read more
New York’s online betting market has surpassed $9.3 billion in bets in its first six months of being live. This total handle is more than the $8 billion wagered in the first full year of US-regulated betting post PASPA. July 2022 marked the first month … Read more
The sports betting bill in Massachusetts has a 20% tax rate for online betting and a 15% tax rate for retail betting. The tax revenue of legal sports betting in MA will be divided into five different funds, and operators will be charged a $100,000 … Read more
New York has reported six straight months of a $1b million handle. Arizona surpassed $4 billion in under a year’s time. Without many mobile sportsbooks, a few states have yet to reach the $1b billion level. PHOENIX – Over four years since the repeal of … Read more
The Connecticut Department of Consumer Protection reported that $95.4 million was wagered on sports in June 2022. This betting total pushed the lifetime betting handle in Connecticut to $1.08 billion. Connecticut is now only the 18th state to surpass $1 billion in lifetime betting handle. … Read more
Ohio sports betting revenue will now be used to aid local veterans with the creation of the Ohio Sports Gaming Profit Veterans Fund. This will see an estimated $70,000 per year to aid the Ohio Veterans Homes in the Buckeye State. The funds will be … Read more
Six states saw a decrease in sports betting over the month of June in 2022, with two of them not offering mobile sports betting. The Iowa sports betting market saw a 17% decrease from May to June, from the 19 mobile betting apps and 18 … Read more
Arizona sportsbooks reported $513 million wagered in April 2022, bringing its lifetime total to over $4 billion. Tennessee also surpassed $4 billion in bets all time after reporting $261 million in May. New York handled over $7 billion in only five months of activity. NEW … Read more
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 … Read more
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 year … Read more
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 reaches … Read more