Underdog Sports is the name that sticks out amongst the eight North Carolina sports betting operators announced on Thursday. Their North Carolina license marks the first attempt for Underdog Fantasy to also offer a regulated sportsbook. North Carolina online sports betting launches at 12 p.m. … Read more
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 additional $342,888 in tax … Read more
ESPN BET will soon operate in New York after striking a deal with Wynn Interactive for $25 million. PENN Entertainment’s ESPN-branded sportsbook currently operates in 17 states. Pending regulatory approvals, ESPN BET will launch in New York in 2024. NEW YORK – ESPN BET is … Read more
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 … Read more
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 January … Read more
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 on it … Read more
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 received more than … Read more
Vermont launched online sports betting on Thursday. DraftKings, Fanatics, and FanDuel are the three sports betting operators in the state. Vermont expects to earn up to $7 million in their first full year of operation. MONTPELIER, Vt. – Online sports betting went live in the … Read more
Pennsylvania broke their monthly sports betting handle record for a second straight month in November. The Pennsylvania Gaming Control Board reported a record $934.1 million worth of total bets in November. FanDuel was the top online sportsbook by handle ($384.1 million) and revenue ($19.1 million). … Read more
Massachusetts set a monthly sports betting handle record with $654.4 million wagered in November. November’s handle marked a 14.4% increase from October, which previously held the record for the highest monthly handle. DraftKings received more than half of the record-setting online sports betting handle. BOSTON … Read more
Indiana’s sports betting revenue reports for November reported a record-setting handle of $513.67 million in November. The state saw a surprisingly low $2.9 million in sports betting taxes from the record handle. DraftKings set a monthly sports betting handle record in Indiana for a third … Read more
The North Carolina Lottery Commission met on Wednesday to finalize their sports betting rules and give an update on operator applications. North Carolina received applications from 14 different sports betting operators but there only can be 11 operators in the state. The Commission adopted the … Read more