After a two-month hiatus due to casinos being closed in response to the coronavirus pandemic, sports betting in Indiana has begun to surge. This surge has led to the overall sports betting handle to hit over $1 billion in less than a year of operation. … Read more
MGM stock has become worth more since a $1 billion investment by InterActiveCorp was announced on Monday, surpassing the $21 a share mark for the company. Since the outbreak of COVID-19, MGM Resorts stock has taken a hit due to a lack of profits resulting … Read more
Iowans picked up a taste for sports betting once major sports began opening up in July with reports showing $22.9 million wagered for the month. Of the $22.9 million, $2.2 million was made in revenue for the state having the bulk of activity done through … Read more
Washington, D.C. has made $237,000 in sports betting revenue in a little over two months since the mobile sportsbook GambetDC was introduced. Experts believe more interest by residents will take place once additional operators are eligible to open up in the District, helping to gain … Read more
August could set new records for U.S. sports betting handle as major league sporting events are coming back. In August 2019, the U.S. brought in a combined handle of $744,065,765 and some insiders think that a new record will be set because of the unique … Read more
The Oregon Lottery Commission reports major gains in June from sports betting revenue. The bulk of the revenue came from the SBTech-powered mobile sports betting app. The majority of the betting handle came from soccer, MMA, and table tennis. SALEM, Ore. – Oregon has seen … Read more
MGM has endured monumental losses for its second quarter in 2020 because of the Coronavirus. The company remains focused on a solid third quarter as the world begins to reopen and business can once again begin. NEW YORK – MGM Resorts International closed their second … Read more
The outbreak of COVID-19 has played a pivotal role in the losses reported for Q3 of theScore in 2020. They recorded an EBITDA loss of $22.2 million for the first three quarters of 2020 which is a tremendous surge compared to their 2019 EBITDA of … Read more
Rhode Island has nearly tripled its sports betting revenue for the fiscal year with $18.7 million made in 2020. In 2019, the state brought in only $6.9 million, showing a spike for the market in popularity. The gaming industry is the third-largest source of revenue … Read more
Nevada handled $78.2 million in sports wagers in June and lost $483,000 in revenue on these wagers. It was the first month where Nevada sportsbooks have lost money since July 2013. The betting handle should continue to increase in July and August as major American … Read more
Sports betting revenue in Colorado has increased by 48.8% in June from May. This growth comes from a combination of the return of sporting events as well as the opening of a new operator in the state. The CO betting handle taken in June was … Read more
PointsBet USA had an abysmal year for profits when compared to its Australian market that brought in the bulk of earnings for 2020. The sports betting company attributes their poor U.S. numbers to the outbreak of COVID-19 and how it affected major sporting events. NEW … Read more