by Zachary Kelley | May 28, 2024 10:57 am | Legal
Illinois is only two steps away from implementing a progressive sports betting tax that reaches up to 40%. The Illinois Senate amended House Bill 4951, including a progressive sports betting tax starting at 20% and reaching up to 40% based on operator revenue...
by Zachary Kelley | Oct 16, 2023 6:41 pm | Revenue
The lifetime sports betting handle in Arkansas surpassed $500 million. Arkansas residents bet over $22 million in August, pushing the state’s lifetime handle to $508.77 million. Arkansas launched mobile sports betting in March 2022. LITTLE ROCK, Ark. – Arkansas sports...
by Michael Molter | Oct 4, 2022 12:58 pm | Revenue
Sportsbooks posting the highest hold percentages are found in states without mobile sports betting. But, states with mobile-only sports betting aren’t seeing better bettors across the US industry. States with professional sports teams could play more of a factor...
by Michael Molter | Sep 9, 2022 9:34 am | Legal
Arizona has seen the most success of the three states celebrating their one-year anniversary. South Dakota and Washington are hampered by their lack of mobile sportsbook apps. Launching at the start of the NFL season has proven success for sportsbooks across the US....
by Michael Molter | Jul 27, 2022 9:57 am | Sports Betting
DOVER, Del. – Despite having legal sports betting, there are a few states whose sports bettors may wish they had a tougher time to bet. The average hold rate for a sportsbook is 7% – this is the percentage of money sportsbooks keep after paying out all of...
