States are beginning to recognize how much promotions are costing them in taxes and beginning to ban sportsbooks from using them as tax write-offs. Promotions have hurt the sportsbooks themselves as well, with many of the top brand’s stock prices plummeting as a result. LAS … Read more
DraftKings stock is down to 12.37 per share after peaking at 63.39 per share in 2021. Caesars stock peaked at 119.49 in 2021 but is now down to just 42.26 per share. A younger investing audience is rooted as one of the reasons for the … Read more
Sports betting advertisement spending has increased 281% to $281 million since September 2021. The increased spending has led to a 48.4$ increase in ad impressions. More than 18 billion impressions total. The sportsbooks that have seen the most impressions have also seen the largest bump … Read more
Since its launch in January 2022, NY has seen over $400 million in mobile betting revenue with the state seeing over $200 million in taxes. ALBANY, N.Y. – Morgan Stanley has recently given its projections on the New York sports betting market, predicting revenue reaches … Read more
Comparing odds between internationally and state-regulated sportsbooks shows odds discrepancies on the favorites. PARIS – Both the men’s and women’s French Opens started on May 22, and with so many matches at play, there are endless opportunities to gain a leg up on sportsbooks. The … Read more
Iowa generated a $177 million betting handle in April. The Racing and Gaming Commission report shows that some big-name sportsbooks led the way. DES MOINES, Iowa – The Iowa Racing and Gaming Commission released their April 2022 sports wagering revenue report. Their report shows that … Read more
New York sports betting handles have grown every week in March FanDuel had the largest handle of the third week in March FanDuel, DraftKings and Ceasars Sportsbooks took 80% of the market share NEW YORK – New York’s mobile sports betting handle has seen consistent … Read more
Sportsbooks in Illinois handled nearly $870 million in bets in January, a 23.8% increase from December 2021 and a 49.2% increase year-over-year. These figures only stand to improve as Illinois’ in-person sportsbook registration requirement was lifted earlier this month. SPRINGFIELD, Il – Illinois saw one … Read more
Indiana easily broke their previous sports betting handle record in January, with $500,138,648 wagered during the month. With the Super Bowl and Winter Olympics taking place in February and nearby Ohio not yet hosting any legal sportsbooks, February could be even bigger for Indiana. INDIANAPOLIS … Read more
New York is expected to announce several online sports betting operators this week, with the launch expected before Super Bowl 56. Once launched, the online operators will face the highest tax rate on online sports betting profits in the United States at 51%. ALBANY, N.Y. … Read more
Caesars has announced the prelaunch release of their mobile sportsbook app in Louisiana, despite the official launch of its sports betting industry being weeks away. Users can download the app, create an account, view odds, and make deposits, but will have to wait for the … Read more
The NFL announced a partnership with the National Council on Problem Gambling on Wednesday, with the first stage of the launch taking place the same day. The program, which includes a $6.2 million investment in treatment programs, announced its slogan as “Stick To Your Game … Read more