Sports betting revenues will likely be severely reduced for at least the next several months because of the widespread sports shutdowns caused by COVID-19. U.S. sportsbooks were mostly unaffected by COVID-19 in February and managed to post $83.1 million in reported revenue during the month. … Read more
Mississippi sports betting financial trends demonstrate the importance of college sports in the southeast. Sportsbooks didn’t set any records in January, but their month-to-month consistency was impressive. The success of the SEC in football and basketball drove a big chunk of January betting action. BILOXI, … Read more
For parlay bets to win, every single “leg” of the wager must be correct or else the entire bet loses. If one bet results in a “push”, then the odds are adjusted by removing that leg from the parlay. Most bettors can’t seem to correctly … Read more
Hurricane Dorian is expected to reach Category 4 levels and make landfall near West Palm Beach, FL. With the size of the storm and uncertainty of its path, many sporting events are making contingency plans. Some programs, like the Florida State Seminoles, made announcements of … Read more
Horseshoe Casino, Indiana’s largest casino, is expected to launch their sportsbook on September 4, 2019, the day before the 2019 NFL season will begin. The American Gaming Association estimated that American’s wagered $6 billion on last season’s Super Bowl alone. MS sportsbooks show last season … Read more
Last football season, bettors in Nevada risked over $1.8 billion on football action. From that total, the sportsbooks were able to keep $129.7 million, or 7.2%. To reach a $2 billion handle, every month would need to see an increase of 11%. LAS VEGAS – … Read more
New Jersey had the second-highest handle for all legal sports betting states last year. From football betting alone, New Jersey sportsbooks took in $614 million. The University of Georgia is the biggest college football liability for FanDuel Sportsbook. EAST RUTHERFORD, N.J. – Football season is … Read more