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
Gov. Phil Murphy signed off on NJ’s $38.7 billion budget Sunday. A government shutdown would have closed state racetracks, casinos, and sportsbooks. TRENTON, N.J. – New Jersey’s shiny new budget came down to the wire this weekend. With a deadline of June 30, Gov. Phil … Read more
Rhode Island bettors have won 96.28% of all action year-to-date – the highest amongst every legal sports betting state. Almost $2.5 million has been contributed to the state in sports wagering taxes since RI’s November 2018 launch. Twin River Casino is the clear market leader … Read more
Since PASPA was repealed, over $9 billion has been wagered at legal, state-licensed sportsbooks. Nevada has seen New Jersey take in more revenue in three of the first twelve months of post-PASPA sports betting. Every state (except New Jersey and Pennsylvania) posted their lowest betting … Read more
Just over $1 million was contributed to the state and city governments in May from legal sports betting in PA. Rivers Casino has led all Pennsylvania sportsbooks in betting handle for four straight months. Combined revenue from every PA sportsbook (since launch) is only $326,705 … Read more
Basketball wagering in Mississippi (since August 2018 launch) is $5 million away from reaching the $100 million mark. Baseball action was responsible for 47% of the month betting handle and 30% of May’s revenue. Over $3.46 million has been delivered to the state and city … Read more