Being that each state taxes sports betting at a different rate, a higher betting handle doesn’t always equate to more money for the state. New Jersey has collected the most sports betting tax revenue through 2019; however, Pennsylvania could surpass them with their recent mobile … Read more
Betting action has surpassed $9 billion since May 2018 – when PASPA was repealed by the Supreme Court. Using the hold percentage from sportsbooks is the best indicator of sports bettors’ success. Sportsbooks have seen their hold percentages decrease in every financial quarter since Q3 … Read more
Since PASPA was repealed, over $9 billion has been wagered at legal, state-licensed sportsbooks. Nevada has seen New Jersey take in more revenue in three of the first twelve months of post-PASPA sports betting. Every state (except New Jersey and Pennsylvania) posted their lowest betting … Read more
At the end of June, the very first Democratic primary debates will take place in Miami. Each candidate has plenty to talk about, but where do they stand on the legalization of sports betting? Even with PASPA being overturned in 2018, candidates have mixed feelings … Read more
Legal Delaware sports betting has been active for one year since June 5, 2018. Delaware Park has accounted for 68% of the entire betting handle and revenue since the state’s launch. Over $6.5 million was contributed to the state in the form of tax contributions … Read more
Delaware Park took in $3.65 million (60%) of all Delaware sports wagers in April. The average wager amount was $39.81 for the month of April. Since the launch 11 months ago, $6.32 million has been contributed to the state government. DOVER, Del. – The NFL … Read more
December 2018 was the launch for online sports betting in WV. March 2019 saw the platform shutoff for unknown reasons. April 2019 sees a lawsuit filed from Delaware North. Filed on Thursday of last week, a lawsuit appeared in Delaware’s Court of Chancery between Delaware … Read more
Delaware Park is responsible for 61% of the state’s sports betting handle. Delaware has reached a total sports betting handle of $114 million since June. January and March accounted for 99.3% of the first three month’s revenue. DOVER, Del. – With 667,002 wagers placed on … Read more
March Madness betting got off to a hot start at DE sportsbooks, turning a handle of over $2 million. In America, March Madness is the second most popular sports wagering event of the year. DOVER, Del. – This past week marks Delaware’s first foray into … Read more