by Zachary Kelley | Apr 20, 2023 6:00 pm | Revenue
Many states saw a record high in sports wagering handles during March of 2023. A sports betting study revealed that over 18 million more Americans planned to wager on March Madness than Super Bowl 57. LAS VEGAS – A handful of state’s monthly gaming revenue reports for...
by Jeremias Di Vico | Apr 4, 2023 2:27 pm | Sports Betting
Odds for the 2024 NCAA Men’s Championship have come out, featuring Kentucky as the +1100 sole favorite. The defending champion UConn Huskies come in tied for second place at +1200 odds. With many players yet to declare for the NBA draft, incoming recruiting class is...
by Zachary Kelley | Mar 23, 2023 9:54 am | Revenue
Since 2018, over $200 billion dollars have been wagered amongst regulated betting states. Nevada has the lowest revenue kept by sportsbooks of states with at least $10 billion in wagers. Delaware is the worst betting state, with over 15% of their handle being retained...
by Jeremias Di Vico | Mar 8, 2023 8:58 am | Revenue
Between 2018 and 2023, U.S. sportsbooks have taken in over $200 billion in bets. New Jersey, Nevada, and Illinois are among the top contributors, thanks in part to their early legalization. Sportsbooks have only held onto less than 5% of revenue in only Kansas and...
by Jeremias Di Vico | Feb 28, 2023 5:46 pm | Regulatory
Kansas sportsbooks reported heavy losses following the Super Bowl win by the Kansas City Chiefs. Retail venues like the local casinos took the brunt of damage, reporting a -77.2% return on bets, online operators were better off but still lost nearly $13 million. This...
