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
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