Parlay Advertisements Boosting Sportsbooks Win Rates to ~10%

Legal Sportsbooks Nearing a Record 10% Hold Rate in 2024

The average hold rate in Nevada averaged 5-7% before 2018. Since nationwide regulation, sportsbooks now keep 9.7% of every dollar bet. This increase easily links to parlay promotions and advertising. Some states are seeing nearly 70% of their monthly revenue come from parlays. PHOENIX – … Read more