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
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