Most estimates for North Carolina sports betting have the state making anywhere from $35-90 million per year in five years. LegalSportsBetting estimates a larger projected market, with North Carolina bringing in a total of $125 million before 2025 ends. CHARLOTTE – Projections and estimations can … Read more
Sportsbooks in New Jersey kept over $1 billion from their near $12 billion handle. Parlays represented 25% of NJ’s sportsbook intake but over 50% of their revenue. Basketball ($2.68 billion) beat out football ($2.30 billion) as the sport with the most money bet on it … Read more
The nationwide sports betting handle post-PAPSA surpassed $300 billion on Tuesday. States cashed in on more than $2 billion in tax revenue in the last five years. Illinois’ record $1.38 billion handle for November pushed the all-time handle past the milestone. FanDuel received more than … Read more
With over 30 reports still outstanding, the current US betting total for 2023 is $102.5 billion. Over $90 billion of that was won back by bettors across America. Tax contributions from sportsbooks closed in on $1.8 billion for the year. New York’s tax rate proves … Read more
Louisiana accepted $356.4 million in sports wagers for the month of November. Despite the record-setting handle, Louisiana’s sports betting revenue decreased $23 million from October to November. The Pelican State surpassed $2.5 billion in all-time sports betting handle. NEW ORLEANS – November marked a record-setting … Read more
Pennsylvania broke their monthly sports betting handle record for a second straight month in November. The Pennsylvania Gaming Control Board reported a record $934.1 million worth of total bets in November. FanDuel was the top online sportsbook by handle ($384.1 million) and revenue ($19.1 million). … Read more
Massachusetts set a monthly sports betting handle record with $654.4 million wagered in November. November’s handle marked a 14.4% increase from October, which previously held the record for the highest monthly handle. DraftKings received more than half of the record-setting online sports betting handle. BOSTON … Read more
Indiana’s sports betting revenue reports for November reported a record-setting handle of $513.67 million in November. The state saw a surprisingly low $2.9 million in sports betting taxes from the record handle. DraftKings set a monthly sports betting handle record in Indiana for a third … Read more
Kentucky earned nearly $8 million in tax revenue from their first two months with legal sports betting, putting them well ahead of their yearly expectation. Kentucky residents wagered $340.8 million in September and October. Retail sports betting launched Sep. 7, with online sports betting launching … Read more
Maine residents bet more than $37.6 million in their first month with legal sports betting. The state collected $464,151.27 is sports betting taxes for November. DraftKings received over 81% of the monthly handle and generated $4.6 million in revenue. AUGUSTA, Maine – Excited Maine residents … Read more
New York residents wagered $1.978 billion in handle through Nov. 26. The New York State Gaming Commission reported a sports betting handle over $516,000 for the week ending Nov. 26. New York became the first state to reach a $2 billion monthly online sports betting … Read more
Americans bet $79.76 billion on sports since January of 2023. Based on current pace and upcoming sporting events, the market expects to continue its growth and surpass the $100 billion mark before the year ends. The emergence of new online sportsbooks and more states with … Read more