by Michael Molter | Jan 3, 2024 12:05 pm | Revenue
With over 30 reports still outstanding, the current US betting total for 2023 is $102.5 billion. Over $90 billion of that was won back by bettors across America. Tax contributions from sportsbooks closed in on $1.8 billion for the year. New York’s tax rate proves the...
by Zachary Kelley | Dec 21, 2023 4:38 pm | Revenue
Louisiana accepted $356.4 million in sports wagers for the month of November. Despite the record-setting handle, Louisiana’s sports betting revenue decreased $23 million from October to November. The Pelican State surpassed $2.5 billion in all-time sports betting...
by Michael Molter | Oct 4, 2022 12:58 pm | Revenue
Sportsbooks posting the highest hold percentages are found in states without mobile sports betting. But, states with mobile-only sports betting aren’t seeing better bettors across the US industry. States with professional sports teams could play more of a factor...
by Michael Molter | Jul 26, 2022 2:33 pm | Revenue
New York has reported six straight months of a $1b million handle. Arizona surpassed $4 billion in under a year’s time. Without many mobile sportsbooks, a few states have yet to reach the $1b billion level. PHOENIX – Over four years since the repeal of...
by Giovanni Shorter | Jun 30, 2022 12:45 pm | Regulatory
HB 384 was signed into law, classifying sports betting funds as properties and giving Louisiana the right to claim unclaimed betting funds. The funds will be added to the unclaimed property fund, the same as any other unclaimed items after a time. This qualifies for...
