Pennsylvania, Illinois, New York and New Jersey have contributed over $1 billion to local governments from sports betting taxes. Nevada sports bettors hold the best win rate (5.65%), while Montana sportsbooks see bettors lose at the US’s worst rate (13.5%). WASHINGTON – Nationwide, sports betting … Read more
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 … Read more
Six states saw a decrease in sports betting over the month of June in 2022, with two of them not offering mobile sports betting. The Iowa sports betting market saw a 17% decrease from May to June, from the 19 mobile betting apps and 18 … Read more
Delaware bettors have been extremely successful in the month of February, having two of the four months with a negative total handle. Delaware has recorded three months with a total handle that exceed 25%, all taking place in September and November. LAS VEGAS – Being … Read more
Delaware’s three sportsbooks saw a drop in January’s handle and revenue. Delaware’s sports betting handle hit its all-time-high in 2018, and has not reached it again since. DOVER, Del. – Delaware’s sports betting market took a pretty big dip in January, with an overall decrease … Read more
Since Michigan launched state-regulated online sportsbooks on January 22, 2021, the state has grown into one of the top sports betting markets in the United States. Virginia first launched sports betting on January 21, 2021 – since, the state became the quickest in the United … Read more
December reflects the worst monthly sports betting revenue in Delaware’s history Sportsbooks had their lowest overall hold rate since launch. December marks the third time that Delaware sportsbooks have gone negative in revenue. DOVER, Del. – Dozens of sportsbooks across various states saw massive sports … Read more
Nine states launched their legal sports betting industry in 2021, nearly a third of all states that have legalized and regulated a sports betting industry in the United States. Several states witnessed a large increase in sports betting revenue, handle, hold rate, and tax contributions, … Read more
Delaware’s sports bettors have suffered a historically bad stretch, with sportsbooks reporting over a 10% hold in nine of the last 12 months – this includes a 14% hold in October. Both Delaware and Montana, the states with the two highest reported holds for October, … Read more
Delaware sportsbooks saw less activity in April month over month. Total betting handle saw a 17.9% decrease. Delaware sportsbooks also saw a 7.4% decline in betting revenue month over month. DOVER, Del. – Delaware sportsbooks saw less action in April month over month, mainly due … Read more
Delaware saw a 54.6% increase in sports betting activity in January month over month. Local sports betting fans placed $11.7 million in wagers. Delaware Park sportsbook so the most action in January. DOVER, Del. – Sports betting fans in Delaware wagered plenty to start to … Read more
Delaware, Nevada, New Hampshire, Oregon, & Rhode Island all recorded bigger handle and revenue for the month of October in their sports betting markets. The Pittsburgh Steelers and the Detroit Pistons entered partnerships with sportsbooks. The Pittsburgh Steelers and the Baltimore Ravens will play on … Read more