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
Kentucky’s instant racing industry generated $2.05 billion in handle during FY 2018. Instant racing machines, a.k.a historical horse racing machines, use the pari-mutuel wagering model. The legality of instant racing is being challenged at the Kentucky Supreme Court. LOUISVILLE, Ky. – Though heavily criticized by … Read more
Being that each state taxes sports betting at a different rate, a higher betting handle doesn’t always equate to more money for the state. New Jersey has collected the most sports betting tax revenue through 2019; however, Pennsylvania could surpass them with their recent mobile … Read more
Thanks to mobile betting, SugarHouse Casino was responsible for 50% of all sports betting action during June. Four mobile betting platforms are now active in Pennsylvania, while two of them only allow for Android usage. The state of Pennsylvania has collected over $1 million in … Read more
June was Mississippi’s lowest sports betting handle since their launch month of August 2018. Over $3.5 million has been contributed to the state and local governments from legal sports betting. Mississippi bettors continue to struggle as they hold the lowest win percentage of all legal … Read more
Sportsbooks in New Jersey have kept over $200 million in revenue since their June 2018 launch (before tax contributions). June’s report saw the state post their lowest handle and revenue since October 2018 and August 2018, respectively. The Meadowlands continues its surge as the top … Read more
Per SB 2992, New Jersey sports betting shares profits with the state’s horse racing industry. The bill also granted the NJ horse racing industry an injection of $20 million over 5 years. It’s still too early to tell how helpful sports betting can be to … Read more
West Virginia sportsbooks took in almost $8 million in wagers for June. Hollywood Casino was responsible for 71% of the monthly betting action. Wheeling Island and Mardi Gras are still out of operation for both retail and mobile betting. CHARLESTON – W.V. – Sports Betting … Read more