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
Pennsylvania sportsbooks handled $111.4 million in wagers and earned $8.6 million in revenue in June, with a hold rate of 7.5%. Handle and revenue continue to increase rapidly every month as the sports betting industry recovers from the March crash caused by the coronavirus pandemic. … Read more
Mississippi casinos were able to reopen in late May and early June, leading to the first sports betting action in months. In June, Mississippi sportsbooks handled $1.6 million in sports bets and lost $62,230, a hold rate of -3.85% Although the amount of money lost … Read more
New Jersey totaled $165 million in sports betting handle and $12.6 million in revenue in June—monthly increases of 40% and 28%, respectively. Casinos began reopening in early July and major North American sports leagues are already returning to play, which should boost handle and revenue … Read more
The Big Ten and PAC-12 conferences have announced that their members will be playing exclusively conference games in Fall 2020. Other conferences will make their own decision on non-conference games in late July, but it is likely that nonconference games will either be limited or … Read more
It’s official: Colorado handled $25.5 million in wagers in May and collected $947,000 in revenue. Although the hold rate was lower than average, the total handle was the second-highest of any state in its sports betting debut month, even with the pandemic cutting into live … Read more