MaximBet shutdown just a few days after FuboTV announced their ceasing of operations. Cannibalization of sportsbooks may continue as sportsbooks struggle and customers lodge complaints. INDIANAPOLIS – Last week, MaximBet released a statement ceasing operations as a legal US sportsbook. Players will have to rely … Read more
The American Gaming Association (AGA) estimates 45 million Americans will wager over $3.1 billion on the NCAA Men’s and Women’s college basketball tournament, better known as March Madness. This is a lower projected number of bettors compared to 2021, but more money is expected to … Read more
There was a 95% increase in online sportsbook accounts that bet on the Super Bowl this year. There were 5.6 million accounts used to bet on Super Bowl 56. There was an expected $7.61 billion betting handle for Super Bowl 56. LAS VEGAS – Following … Read more
According to a report released by the American Gaming Association, an estimated 31.4 million Americans will bet on Super Bowl LVI in some way. The report also predicts a $7.61 billion Super Bowl betting handle – a 78% increase from last year – with 55% … Read more
This year’s Winter Olympics in Beijing is expected to be the most-bet Olympics ever, with 30 states now offering at least some sort of state-regulated sports betting. There are some potential obstacles in the way, however – there have been over 100 reported COVID cases, … Read more
After COVID-19 lockdowns led to New Jersey casinos leaning into online sports betting, the state is seeing an increase in sports betting handle and hold percentage. While online sports betting is seeing historic increases, casinos are struggling to return to their pre-COVID handle and revenue … Read more
Chicago has lifted restrictions on stadium-based sportsbooks in the city, opening up professional sports teams to the opportunity of hosting their own sportsbook at their venue. Louisiana’s mobile sports betting industry is on-track to launch prior to this season’s Super Bowl in mid-January, according to … Read more
There are now 26 live sports betting markets nationwide marking the most ever in US history. Studies show that 45.2 million Americans will bet on the 2021-2022 NFL season. The NFL has also expanded to a 17-game regular season, allowing for an extra game to … Read more
Zion Market Research released a study that projects the global sports betting market will reach $179.3 million in revenue by 2028. The global sports betting industry hit $131.1 billion in revenue for 2020. The American Gaming Association (AGA) has reported 45.2 million Americans will be … Read more
Sports bettors have downloaded more mobile sports betting apps in March 2021 than they did in March 2020. March Madness was one of the reasons for the surge in downloads and sports wagering activity. FanDuel and DraftKings saw the bulk of downloads and wagers for … Read more
Kentucky will not be seeing legal sports betting become a reality in 2021 as House Bill 241 died in the House. Odd-numbered years in the Kentucky Legislature result in 30-day shortened sessions and require all bills to be passed by a three-fifths majority Billions of … Read more
House Bill 241 would make sports betting legal in Kentucky through both land-based and mobile platforms. Sponsor Adam Koenig is hopeful that his bill will pass either in this session or in 2022. The focus of the Kentucky General Assembly in 2021 is Historical Horse … Read more