Mississippi sportsbooks were able to make some kind of revenue in the last nine days of May when retail locations opened. Illinois’ first mobile sportsbook launch on Thursday allowed for plenty of business and interest by gamblers in the state. Time and time again, mobile … Read more
The return of NASCAR, UFC, and PGA events have increased New Jersey sports betting revenue for the month of May by 276% from April’s numbers. Internet and mobile sportsbooks are the only betting sources available for gamblers in the Garden State as retail books are … Read more
Nevada redacted online sports betting and poker revenues from its April gaming revenue report. This was done in accordance with a state law protecting the privacy of individual companies’ finances—World Series of Poker was the only online poker company to report revenue. Total online gaming … Read more
Five states have reported their April sports betting figures: Indiana, Iowa, New Jersey, Pennsylvania, and West Virginia. In the five states, sports betting revenues are down almost 80% from what they were in February, and handle is down almost 90%. These states only handled $130.5 … Read more
In April, New Jersey sportsbooks experienced their lowest month of revenue ($2.6 million) ever. New Jersey also saw its second-lowest month of betting handle ($54.6 million). ATLANTIC CITY, N.J. – After a less-than-stellar take-home in a pandemic-shortened March, New Jersey sportsbooks experienced their lowest monthly … Read more
Indiana released its April 2020 sports betting revenue report, and unsurprisingly, handle and revenue both decreased significantly once again. While overall revenue and handle are nosediving, more Indiana bettors are betting on non-traditional sports like table tennis and MMA. The road to full financial recovery … Read more
Residents may not see legalized Massachusetts sports betting in 2020 due to the Coronavirus pandemic. Senator Brendan Crighton believes that his bill, MA HB 4559, will be discussed again once the issues surrounding COVID-19 have been handled. An estimated $25 million could be made for … Read more
Iowa recorded record lows for both sports betting handle and revenue in April. COVID-19 shut down 6 Iowa sportsbooks entirely and relegated the other 13 to online wagers only. Iowa casinos could begin reopening by mid-May, but until major American sports leagues resume, sports betting … Read more
West Virginia handled only $1.9 million in April sports wagers and collected $124,000 in revenue—a 6.54% hold rate. These figures were drastic reductions from the pre-COVID-19 handle and revenue figures. While West Virginia is beginning to reopen, the sports betting industry won’t be able to … Read more
Legal sports betting in Colorado has gotten off to a rough start with the lack of engagement leading to new annual revenue estimates. New estimates show the state not making enough money to even cover the cost of launching their legal sports betting industry. DENVER … Read more
Wynn Resorts lost nearly $700 million in revenue in Q1 2020 compared to Q1 2019. The company’s stock price dropped by $84.87 (61%) from January 1 to March 31 as well. Some of Wynn’s losses are attributable to its decision to pay employees despite Wynn … Read more
Gaming Innovation Group (GiG) posted quarterly growth for the first time in four fiscal quarters in Q1 2020. The company recorded $33.7 million in revenue and $2.7 million EBITDA. GiG is restructuring its sports betting services to cut costs, although its efforts to do so … Read more