Nevada’s in-person sign-up rule for mobile betting limits its market share, recording the seventh-highest sports betting handle ($7.89 billion) in 2024. Eliminating in-person registration could boost mobile betting participation, letting them compete for the 4th spot in national sports betting rankings. LAS VEGAS – Nevada’s … Read more
Mississippi sportsbooks have taken in $3,021,531,031 in legal sports bets since their August 2018 launch. The industry has generated over $327 million in revenue and $39.3 million in tax benefits. Betting surged in early years, but the annual handle declined from 2022 to 2024, with … Read more
DraftKings reported a $200 million net loss in Q4 2024 despite a 13% revenue increase year-over-year, highlighting ongoing profitability challenges. The company secured a $500 million loan to fuel expansion, with a strong focus on iGaming as a potential path to future profits. Smaller sportsbooks … Read more
Colorado sportsbooks collected over $443 million in revenue after paying the state nearly $32 million in tax benefits during 2024. After seeing $5.1 billion in bets for 2022 and $5.5 billion for 2023, Colorado bettors broke the $6 billion marker in 2024. DENVER – Colorado’s … Read more
Basketball was the most bet on sport in Vermont for 2024. The first year of action saw VT sportsbooks collect nearly $200 million from sports bets. The State of Vermont received over $6.3 million in sports betting taxes from Year 1. Tennis saw a high … Read more
New York sportsbooks recorded $22.70 billion in sports bets accepted during 2024. This equated to $2.05 billion in sportsbook revenue before paying taxes to the state. Bettors won over $20.65 billion while New York claimed $1.04 billion in tax benefits. New York sports betting grew … Read more
Pennsylvania, Michigan, and many states in the South are breaking records for the amount of money bet on sports in their area. NEW ORLEANS – As 2024 draws to a close, several states with legal sports betting are celebrating record-breaking milestones in their betting handle. … Read more
Iowa sportsbooks have given over $50 million to the State of Iowa because of sports betting taxes. Beating expectations for Fiscal Year 2023, we estimate the production for FY 2024 will be even higher. Since launch, Iowa sportsbooks have taken in over $10 billion in … Read more
New Yorkers have wagered over $18.1 billion on sports in 2024 through October. If numbers hold steady, NY sportsbooks will have made over $1 billion throughout 2024 after paying taxes to the state. NEW YORK – New Yorkers are poised to set a jaw-dropping milestone … Read more
Monday marks the third anniversary of regulated sports betting in Maryland. Maryland residents bet over $10.2 billion since launching on Dec. 9, 2021. The state celebrated their highest monthly handle in October with over $593 million bet. BALTIMORE – Maryland launched legal sports betting at … Read more
Mississippi sports betting controlled 1.015% of the US sports betting market in 2021. Through 2024’s reported numbers, they represent only 0.31% of the US industry. Declining numbers over the last four years prove Mississippi sportsbooks are struggling. BILOXI, Miss. – Mississippi’s sports betting market, which … Read more
Tuesday marked six years of land-based sports betting in Rhode Island. Since 2019, Rhode Island sportsbooks have earned north of $200 million from sports betting Rhode Island residents bet roughly 30% less year over year at retail locations from fiscal year 2022 to 2024. PROVIDENCE, … Read more