In December, New Jersey saw their fourth consecutive month with over $1 billion in sports betting handle, becoming the first state to surpass $10 billion in yearly handle. New Jersey’s run as the top sports betting market may be coming to an end shortly after … Read more
After months of anticipation, New York finally successfully launched the first batch of their state-regulated mobile sportsbooks on Saturday. New York recorded nearly as many sports betting transactions in the first 12 hours after launch as Pennsylvania, New Jersey, and Michigan did in that time … Read more
Massachusetts Treasurer Deborah Goldberg says that protecting the state lottery is a top priority for her in Massachusetts’ upcoming sports betting bill. One avenue Massachusetts’ legislators are considering to protect the state lottery with the introduction of sports betting is to expand the lottery to … Read more
Only five states have handled more than $5 billion in total sports wagers so far. Colorado is most likely to be the sixth state to have handled a total of more than $5 billion Michigan residents bet almost $1 billion in only two months near … Read more
Michigan Senate Bill 764, which creates a state tax deduction for sports betting losses, passed the Michigan House of Representatives on Tuesday. The bill would allow taxpayers to deduct any gambling losses reported on their federal tax return – it currently awaits Gov. Whitmer’s signature. … Read more
Michigan set new sports betting handle record of $497.6 million in October The majority of Michigan’s sports betting revenue came from online sports betting. FanDuel handled the most October sports bets of any active Michigan sportsbook DETROIT – Michigan is now among multiple other states … Read more
Minnesota Rep. Zack Stephenson announced during a press conference on Thursday that he plans to lead an effort to legalize sports betting during the 2022 legislative session. Minnesota has introduced several sports betting bills since the fall of PASPA, though none have even made it … Read more
Eight states just had record high monthly sports betting handles Over $4 billion total was handled in September New Jersey sportsbooks accounted for $1 billion of the total monthly handle LAS VEGAS – Last month, sportsbooks in several states received more money in wagers than … Read more
There was $208.6 million wagered on sports in Michigan for August, up 1.1% month-over-month. Sports betting revenue dipped 15.5% to $17.5 million for the state. However, this NFL season will be the first full season for the Michigan online betting market. LANSING, Mich. – Michigan … Read more
Hometown sports betting bias is real as regulated sportsbooks have seen a number of wagers on NFL teams in their state with horrible odds and records. The Detroit Lions, who went 5-11 last season, have equated to 90% of all sports bets for their win … Read more
Michigan recorded over $1 million in sports betting tax revenue for the first time. New York published their final round of Q/As regarding their sports betting regulations. The Wyoming Gaming Commission is hoping to launch by the NFL season after approving rules. With Caesar’s acquisition … Read more
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