Chairman of Better Collective Jens Bager predicts the United States sports betting market will eclipse Europe’s in the near future. Better Collective is a developer of digital platforms for bookmakers, and iGaming communities. The United States gambling market has seen exponential growth since the repeal … Read more
The state of Oregon is losing money on the sports betting market as they have to pay over half of the revenue gained to their operators like SBTech. Oregon has a multi-year contract with SBTech which means they will continue to see a loss in … Read more
Many sports leagues around the world have suspended play or canceled major tournaments. Sports cancelations have led to sports betting stocks to take a hit. Industry heads are preparing to take hits due to the coronavirus for the next few months. NEW YORK – Sports … Read more
American sportsbooks saw revenues more than triple from January 2019 to January 2020. Total betting handle increased greatly as well, even after accounting for industry expansion. With more states set to launch sportsbooks in 2020, this trend of growth should continue. LAS VEGAS – In … Read more
New Jersey saw a huge year-over-year increase in Super Bowl wagers. Despite moderate losses, the expansion of the state’s sports betting industry is a good sign. Nevada saw its own record high Super Bowl handle, but the increase was relatively minor. ATLANTIC CITY, N.J. – … Read more
In the first full year after PASPA’s repeal, New Jersey handled the second-highest volume of wagers. With another strong year in 2020, the state could challenge Nevada’s sports betting supremacy. Sportsbooks capitalized on online betting platforms and New York City to fuel this growth. TRENTON, … Read more
Roughly $22.5 million is projected to be contributed to the state from legal Kentucky sports betting. Comparing the betting market to Mississippi, this could be a vast overestimation. Some believe that the state would only take in around $3 million from football and basketball betting. … Read more
Pennsylvania has one of the highest tax rates on sports betting revenue among any state with legal gambling on sports. At first, this was seen to be detrimental to their market but it has now since proved the naysayers wrong. The state surpassed New Jersey … Read more
Disney stocks and stocks from MGM Resorts will likely increase in value with legal sports betting spreading across the U.S. Many states are looking to legalize sports wagering in 2020. There are risks that people interested in investing in stocks should consider before doing so. … Read more
The total money wagered at licensed sportsbooks throughout 2019 broke the $11 billion mark. Over $750 million was kept by sportsbooks as revenue from bettors’ losing wagers. With mobile betting becoming standard, 2020 should see over $20 billion wagered. LAS VEGAS – Since PASPA was … Read more
New Jersey legalized online casino games and online poker in February 2013. Online casino revenue in New Jersey was only expected to increase by 20%. Sports betting focused online platforms, including DraftKings and FanDuel Sportsbook, offer casino games in New Jersey. ATLANTIC CITY – While … Read more
Delaware sportsbooks are bringing in sports betting revenue at some of the highest winning margins in the country. Despite the bettors in Delaware’s shaky performances, the state is still far off its revenue projections. As the betting handle continues to decrease each month compared to … Read more