LSB Brief: Sports Betting Actions & Transactions Nationwide

Sportsbook

Florida has not yet been approved by the U.S. Department of the Interior to regulate sports betting but they have already been hit with their first lawsuit on the subject. Connecticut is gearing up for a launch of their sports gaming market in the 2021 … Read more

FanDuel, DraftKings DFS Operations To Remain In Connecticut

FanDuel - DraftKings

Connecticut regulated sports betting officially which caused some issues with daily fantasy sports (DFS) operators needing to partner with a local sportsbook. The Connecticut Lottery Corporation offered temporary licenses to FanDuel and DraftKings to allow them to continue operating in Connecticut. The licenses will last … Read more

July 1 Marks First Day Of Connecticut Regulated Sports Betting

Connecticut Sports Betting

Connecticut sports betting is officially regulated in its lawbooks starting July 1 but sportsbooks have yet to launch in Connecticut. July 1 is also the last day Daily Fantasy Sports (DFS) operations can run in Connecticut without partnering with a sportsbook. HARTFORD, Conn. – Sports … Read more

Sports Betting Handle In Nevada Sees Spike Up In May

Nevada Sportsbook

The Nevada Gaming Commission released its revenue report, showing that $477.2 million was wagered in May. This is a 4.9% increase month over month but sports betting revenue is slightly down. CARSON CITY, Nev. – Sports betting in Nevada continues to thrive, seeing increases in … Read more

Illinois Celebrates Two Years Of Regulated Sports Betting

Illinois Sportsbook

Illinois has had a regulated sports betting industry for two years. Over the last year, since going live in March of 2020, the state has collected $4,144,742,113 in wagers from both retail and mobile sportsbooks combined. The bulk of Illinois sports wagering is done through … Read more

NJ Sportsbooks Clear $814 Million In Betting Handle In May

New Jersey Sportsbook

Sports betting in New Jersey saw a 9% increase month over month in May. Local sportsbooks saw $814.2 million in betting activity. NJ saw $52.9 million in sports betting revenue. TRENTON, N.J. – The New Jersey Division of Gaming has officially released the May sports … Read more

Michigan Sports Betting Handle/Revenue Drops Again In May

Michigan Sportsbook

Sports betting in Michigan saw a decline in both activity and revenue for the second consecutive month in May. FanDuel was the number one mobile sportsbook in Michigan. Mobile betting dominated the sports betting market in May. LANSING, Mich. – The Michigan Gaming Control Board … Read more

Iowa, Indiana Saw Strong Sports Betting Activity In May

sb revenue

Indiana sportsbooks saw $254.4 million wagered in May. Iowa sportsbooks reported $161.4 million. Indiana saw a 7% increase month over month while Iowa saw a slight 2.9% decline. INDIANAPOLIS – Sports betting markets in Indiana and Iowa have released their official sports betting revenue reports … Read more

Indiana Sees An Uptick For Sports Betting In May

Indiana sportsbook

Indiana sports betting saw $254.445 million wagered on sports in May. 92% of all wagers came from mobile sports betting applications in Indiana. While handle was up, revenue was down month-over-month due to all the winning bet payouts. INDIANAPOLIS – On Friday, the Indiana Gaming … Read more

New Jersey Sports Betting Celebrates Three Years In Business

New Jersey Sportsbook

The New Jersey sports betting industry has officially been opened for three years. In that time, the NJ managed to create a national record in handle collected with over $6 billion in 2020. The Garden State will see the billion-dollar threshold in sports gaming revenue … Read more

Illinois Places Number Two In US For April Sports Betting Handle

Illinois sportsbook

The Illinois sports betting industry collected $537.2 million in handle for April. The Prairie State was number two for the number of wagers taken for the month, only falling behind to New Jersey who had $748 million in bets. Of the $537.2 million brought in, … Read more

Sports Betting Handle Drops, Revenue Increases In WV For May

West Virginia

West Virginia sports betting handle continues to dip slightly in May. Sports betting revenue saw a big increase month over month. Mobile betting dominated the betting market in May. CHARLESTON, W.V. – Sports betting fans in West Virginia were slightly less active, but local sportsbooks … Read more