In the first month of legal New York sports betting, Rivers Casino collected $292,249 in revenue. Tioga Downs also reported their monthly revenue, which notched a mark of $55,219. In the first fiscal year, New York sports betting is projected to contribute $4 million to … Read more
SugarHouse Casino launched the first online sportsbook in Pennsylvania on May 28, 2019. Online sports betting apps accounted for almost $39 million of the $59.3 million wagered on sports in the month of July. FanDuel Sportsbook generated $3.3 million in handle during nine days they … Read more
New Jersey posted their lowest handle since September 2018, just eclipsing the $250 million mark. The Meadowlands was responsible for $9.1 million of the collective $17.88 million in sportsbook revenue for the state during July. July’s sports betting revenue in New Jersey helped send $2.15 … Read more
The Stars Group has watched its stock decrease steadily from the beginning of the year. With Fox Bet prepared to launch next month, increased sales will continue to increase. Earlier this year, The Stars Group linked partnerships with Penn National Gaming and purchased Sky Betting … Read more
Last football season, bettors in Nevada risked over $1.8 billion on football action. From that total, the sportsbooks were able to keep $129.7 million, or 7.2%. To reach a $2 billion handle, every month would need to see an increase of 11%. LAS VEGAS – … Read more
Twin River Worldwide Holdings has over $383 million in cash and cash equivalents at the time of reporting. To end July, the company executed their capital return program, funded from cash on hand. Purchasing more casinos about the country, Twin River is operations in five … Read more
Paddy Power Betfair changed their name to Flutter Entertainment earlier this year. Flutter owns a majority stake in FanDuel Sportsbook. Executives from Flutter believe their revenue can increase ten-fold in the US. TALLAHASSEE, Fla. – As one of the first gaming operators to land a … Read more
William Hill is one of the top sportsbook providers in the world. New regulations in the UK have cut into William Hill’s profits. William Hill is hoping to expand to more states all over the US. LAS VEGAS – William Hill is one of the … Read more
Penn National Gaming announced earlier this week that they formed strategic partnerships with DraftKings, PointsBet, theScore, and The Stars Group. Sportsbooks in Penn National’s Iowa and Indiana properties are expected to launch in time for the 2019 NFL season. Jay Snowden, President and Chief Operating … Read more
June sports betting in Rhode Island accounted for the worst bettor performance, only keeping 85.41% of all action. Over $2.5 million was contributed to Rhode Island through taxes during April, May, and June. Twin River Casino has taken in four out of every five dollars … Read more
June’s betting handle of $322 million sets a new record for June sports betting in Nevada. Baseball betting in Nevada during June accounted for 70% of the monthly sportsbook revenue. Sportsbooks in Nevada have failed to contribute more than $1.5 million to the state in … Read more
Every quarterly report has watched the country’s sports bettors cut the books’ margins. In launch months, no state has seen bettors keep over 90% of the handle. With New York and Arkansas having launched in July, this trend is likely to be broken with 2019 … Read more