Indiana’s revenue report shows that the state brought in $147.3 million in bets in November. Mobile wagering accounted for 65 percent of the total handle for the month. Indiana’s numbers have increased thanks to bettors from Illinois and Ohio. INDIANAPOLIS – Indiana bettors have wagered … Read more
Mississippi sportsbooks set new monthly records in terms of the betting handle and revenue for October 2019. The revenue generated in October from Mississippi sportsbooks equals a third of all revenue collected in 2019 for the state. No state has seen sports bettors continue to … Read more
Nevada sportsbooks took in almost $550 million in legal sports wagers during October. Year over year, sports betting revenue increased by $100 million from legal sportsbooks. New sports betting handle and revenue records should continue to be set with mobile betting. LAS VEGAS – With … Read more
Pennsylvania has now collected more than $10 million over the last two months from legal sports betting taxes. The “Big 4” continues to dominate the Pennsylvania sports betting market share, collecting 89% of all wagers. Over $241 million was bet on sports in Pennsylvania – … Read more
Key investors and sports betting companies met for a sports betting summit. Nearly all in attendance agreed that sports betting is a growing market in the US. Investors and companies predict that 36 states will legalize sports betting by 2025. NEW YORK – At the … Read more
IGT is a gaming technology provider that serves gambling operators around the world as well as state lotteries in the U.S. Operating income fell from $200 million in Q3 of 2018 to $154 million in Q3 of 2019. The Chief Financial Officer of IGT says … Read more
The Stars Group launched online sports betting operations in Pennsylvania and New Jersey during the third quarter of the year. Flutter agreed to acquire the Stars Group during Q3, the sale won’t be completed until 2020. The Stars Group International decreased in revenue due to … Read more
Every state with legal sports betting taxes their sportsbooks’ revenue at a percentage ranging from 6.75% – 51%. While the majority of states only send tax contributions to their statehouse, others give to the cities or counties that host the books. Sports betting revenue and … Read more
Sports bettors in Nevada struggled with their betting strategies, as bettors posted their worst winning percentage since September 2018. Nevada brought in over $100 million more in wagers than that of New Jersey for the month. Year to year, the sports betting handle and revenue … Read more
Revenue profits are down from initial estimates in the state of Rhode Island. Bettors in the state now have the opportunity to use an online platform to place sports bets. The low revenue after introducing online wagers is thought to be due to the Republicans … Read more
Mississippi sportsbooks have collected over $215 million in wagers since the start of the year. September was the second-most profitable month for the sportsbooks in Mississippi. Nearly $2 million has been sent to the state in sports betting taxes year-to-date. BILOXI, Miss. – The sports … Read more
Even though revenue increased year-on-year, staffing costs were ultimately responsible for much of the new costs of the company. Partners of Genius Sports include the NBA, NCAA, and FIBA. Genius Sports is a sports data company that also provides services to maintain the integrity of … Read more