Portugal has seen an increase in their internet gambling industry. The country has taken in over $22 million in revenue for the first quarter. Online gambling has surpassed revenue totals for land-based facilities for the first time in history due to the Coronavirus pandemic. LISBON, … Read more
Nevada’s March sports betting handle was its lowest since 1993. With COVID-19 grinding sports to a halt around the world and closing casinos, the short-term financial future for Nevada sportsbooks looks grim. Nevada does feature mobile and online sports betting, but in-person registration requirements could … Read more
The Star Group reported the highest Q1 revenue to date. The revenue came from playing poker and casino games. Sports betting is not a major factor in high Q1 revenue. TALLAHASSEE, Fla. – The Stars Group reported on Monday that their Q1 revenue earnings reached … Read more
Delaware registered a $3.1 million (45%) decrease in sports betting handle, while revenues increased by $400,000 (257%). The $3.9 million in total handle was the lowest monthly total in Delaware’s 21-month history of legal sports betting. With no mobile sports betting, Delaware won’t see a … Read more
Pennsylvania sports betting revenue increase from $4.7 million to $6.9 million from February to March. At the same time, handle decreased by over 60%, down to just $131.3 million. The financial future of sportsbooks across the country, including Pennsylvania, is in doubt as COVID-19 will … Read more
New Jersey’s total March sports betting handle decreased 51.2% and its revenues decreased 58.4% from 2019. The nationwide shutdowns caused by COVID-19 severely impacted the bottom line for New Jersey sportsbooks, especially after a disappointing February. There is no reliable timeline for the safe return … Read more
Indiana sports betting revenue fell drastically in March due to all major sports being canceled or postponed. The total sports betting handle in Indiana during March reached $75 million, a 60% drop from the month before. Indiana’s sports betting handle was mostly comprised of wagers … Read more
Sportsbooks have been accumulating losses in profits due to the Coronavirus and professional sports being suspended worldwide. Each operator protects the funds of their customers differently and sports bettors should know if their money is being protected if these businesses cannot make it through the … Read more
American Gaming Association CEO Bill Miller is concerned about the ineligibility of gaming businesses for loans from the Small Business Association’s Paycheck Protection Program. Under the current guidelines, hundreds of thousands of casino and gaming industry employees will be left unprotected during the COVID-19 crisis. … Read more
Mobile sports betting was not included in New York’s latest approved budget. While inquiries were made regarding adopting mobile sports betting, the expedited legislative session will put them on hold for at least another year. New York is losing tens or even hundreds of millions … Read more
In February 2020, Delaware handled $7 million in sports bets and earned $160,000 in sports betting revenue. This performance was a big improvement over February 2019, but a disappointment overall. Sports betting revenue in Delaware is trending down in general, and it seems that interest … Read more
West Virginia sports betting revenue at casinos have come to a grinding halt with Governor Jim Justice ordering the closure of casinos due to COVID-19. Total sports betting ticket sales from retail and online casinos for the week ending on March 14 to the week … Read more