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
Online sports betting brought in almost 85 percent of the total handle. Sports handle and revenue has increased since mobile wagering was introduced. It has been a year since Pennsylvania sports betting began. HARRISBURG, Pa. – Sportsbooks in Pennsylvania had a combined betting handle of … Read more
More people in Delaware are betting on sports and they are winning more too. The betting handle was higher in November of last year compared to this year. The lack of mobile wagering could be holding back Delaware sports betting. DOVER, Del. – The sports … Read more
Around $59.4 million was wagered on sports in Iowa during November. A little over half of the sports betting revenue in Iowa came from online sportsbooks. Retail registration could be holding back the revenue potential for Iowa. DES MOINES, Iowa – There was around $59.4 … Read more
New Jersey’s reported numbers for sports bets in the month of November have gone up greatly since November 2018. Atlantic City has also seen its best revenue performance since 2012. These increases show just how much the popularity of the sports betting market has expanded … Read more
Only the four commercial casinos in upstate New York report their sportsbook’s gross gaming revenue. The state’s four commercial casinos only generated $1.3 million in gross gaming revenue for November as opposed to $2.2 million generated in October. Mobile sports betting was not legalized during … Read more