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
Arkansas sportsbooks recorded a betting handle of $1 billion since launch per their latest revenue report. With online betting launching years after in-person sportsbooks, it took a while for them to gather this total. The benefit of Arkansas sports betting comes from the state receiving … Read more
Sports Betting revenue numbers are available for North Carolina’ first month with online sports betting. The state lottery commission’s report showed more than $659 million in handle from March 11 to March 31. North Carolina earned roughly $12 million in sports betting taxes for the … Read more
Caitlin Clark and the success of the Iowa Hawkeyes women’s basketball team can be credited with the 17% jump in Iowa’s March sports betting handle. Iowa’s sports betting handle in March 2024 was $40 million higher than the previous year. More than $272 million were … Read more
Ohio earned $113.1 million from January’s $811.6 million in sports betting handle. The large drop off in handle and revenue from last year can be attributed to promotional betting and the state’s first month with legal sports betting. FanDuel and DraftKings received roughly 68% of … Read more
Kentucky online sportsbooks accepted over $855 million in total bets through Dec. 2023. This resulted in $15.2 million in tax revenue, well ahead of schedule for Kentucky’s annual estimate of $23 million. Retail sportsbooks reported a $36.6 million handle, adding an additional $342,888 in tax … Read more