by Zachary Kelley | Feb 23, 2024 1:09 pm | Revenue
Kentucky online sportsbooks accepted over $855 million in total bets through Dec. 2023. This resulted in $15.2 million in tax revenue, well ahead of schedule for Kentucky’s annual estimate of $23 million. Retail sportsbooks reported a $36.6 million handle, adding an...
by Michael Molter | Jan 31, 2024 9:14 am | Sports Betting
Buy FLUT in its entrance to the American stock market. Hold DKNG but get back in if a mass sell off happens. CZR is a sell due to their inflated price. PHOENIX – With the 2024 stock market being a month old, it’s time to give some gambling stock...
by Brett Crown | Jan 26, 2024 12:45 pm | Sports Betting
Senate Bill 386 was proposed in Georgia on Tuesday to legalize GA-regulated sportsbooks. The bill advanced to the Economic Development and Tourism Committee but is still a long way away from passing. ATLANTA – A new sports betting law in Georgia was proposed on...
by Michael Molter | Jan 24, 2024 5:16 pm | Revenue
Sportsbooks in New Jersey kept over $1 billion from their near $12 billion handle. Parlays represented 25% of NJ’s sportsbook intake but over 50% of their revenue. Basketball ($2.68 billion) beat out football ($2.30 billion) as the sport with the most money bet...
by Zachary Kelley | Jan 17, 2024 12:37 pm | Revenue
The nationwide sports betting handle post-PAPSA surpassed $300 billion on Tuesday. States cashed in on more than $2 billion in tax revenue in the last five years. Illinois’ record $1.38 billion handle for November pushed the all-time handle past the milestone. FanDuel...