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
The New York sports betting market has a 51% tax, compared to New Jersey only having a 13% tax rate, making it hard for NY Sports Betting Operators. FanDuel has led New York with 47% of the mobile sports betting market share in the month … Read more
Sports betting advertisement spending has increased 281% to $281 million since September 2021. The increased spending has led to a 48.4$ increase in ad impressions. More than 18 billion impressions total. The sportsbooks that have seen the most impressions have also seen the largest bump … Read more
The first LIV Golf Invitational Series event begins on Thursday, and legal online sportsbooks are offering competitive betting odds. Comparing each golfer’s 54-hole scoring averages reveals that Talor Gooch who has +800 odds, not Dustin Johnson at +400, should be the betting favorite. Ryosuke Kinoshita’s … Read more
Nevada sportsbooks saw $582.5 million in wagers for April 2022. While this is a major drop compared to March, this is up 28.1% year over year. Pennsylvania reported $572.8 million in bets with over 90% of the wagers coming from online operators. Virginia sportsbooks saw … Read more
Colorado lawmakers pass HB 22-1402 in both the Senate and the House and the bill now awaits Gov. Jared Polis’ signature. A big section of the bill would reduce the tax deductions given to sportsbooks for promotional free bets given throughout the year. Free bets … Read more
Since its launch in January 2022, NY has seen over $400 million in mobile betting revenue with the state seeing over $200 million in taxes. ALBANY, N.Y. – Morgan Stanley has recently given its projections on the New York sports betting market, predicting revenue reaches … Read more
New Jersey’s streak of $1 billion betting handle months comes to an end in April 2022 as sportsbooks raked in $926.9 million. The betting handle is actually up 23.9% compared to April 2021 but revenue is slightly down 8.2% year over year, however. TRENTON, N.J. … Read more
As of now, there are two sports betting bills that have received enough signatures to be on the 2022 November Ballot in California. The sports betting bill, backed by commercial sportsbooks, would give 85% of taxes towards mental health & homelessness programs. HIGHLAND, CA- The … Read more
Iowa generated a $177 million betting handle in April. The Racing and Gaming Commission report shows that some big-name sportsbooks led the way. DES MOINES, Iowa – The Iowa Racing and Gaming Commission released their April 2022 sports wagering revenue report. Their report shows that … Read more
According to March’s revenue report released by the Indiana Gaming Commission, Indiana’s sportsbooks generated $476.8 million in wagers and $32 million in revenue during March. This pushed the total betting handle to over $1 billion since launch. INDIANAPOLIS – A solid March led to Indiana … Read more
Lawmakers in New York are continuing efforts to rework the 51% tax rate for sportsbooks. The bill would also increase the number of sports betting operators in New York. New York has benefited greatly from the 51% tax rate, taking in $163.6 million in taxes … Read more