LSB Brief: Michigan, New York, Wyoming, Caesars 08/03/2021

sportsbooks

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

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

Michigan Sports Betting Revenue Dips In April But Hits Milestone

Michigan Sportsbook

Michigan online sports betting has made a national record for the quickest to reach the $1 billion mark, doing so in 99 days. April sports wagering action reported a drop in April when compared to March but that was expected by operators as March Madness … Read more

WynnBET Is Now A Part Of The Tennessee Sports Betting Scene

Tennessee - WinBet

WynnBET is now the seventh mobile sports betting platform in Tennessee. The sportsbook is now live in six states nationwide. Tennesseans can download the WynnBET app on any smartphone to begin gambling on sporting events with the company’s betting lines. NASHVILLE, Tenn. – On Friday, … Read more

Mobile March Madness Betting Dominates Michigan Market

Michigan Basketball

Michigan sportsbooks saw $383.7 million wagered on sports in March. About 93.7% of all wagers came from mobile sportsbooks. Sports betting revenue saw $35.2 million, a 9.2% yield. LANSING, Mich. – Sports betting fans were active in March in the Michigan market as the month … Read more

Illinois Sports Betting Handle Reached Over $500M In February

Illinois Sportsbook

Illinois had the third-highest sports betting handle in February with $509.8 million. The Casino Queen (DraftKings) had the highest sports betting handle in February with $199.8 million. The retail sports betting handle in Illinois in February was $ 19.6 million. CHICAGO –The Illinois sports betting … Read more

When The US-Canada Travel Ban Will Be Lifted According To The Odds

US - Canadian Border

Sports betting fans are wagering on the US-Canada travel ban being lifted after June 1. The travel ban has been extended constantly for more than a year. The current deadline for the ban is April 21. DETROIT – With the US and Canada travel ban … Read more

FanDuel Group Partners With Detroit Tigers/Detroit Red Wings

Detroit Redwings

FanDuel Group enters a new collaboration agreement with MotorCity Casino. This allowed FanDuel SPortsbook to be official gaming partners of the Detroit Red Wings and Detroit Tigers. The sportsbook now gains exclusive access to team data and marks. DETROIT – FanDuel Sportsbook and MotorCity Casino … Read more

LSB Interview: March Madness Betting With Johnny Avello Of DraftKings

March Madness

Selection Sunday will take place this Sunday to find out who has made it into the 2021 March Madness Tournament. Gonzaga are currently undefeated and have taken in roughly 27% of the total betting handle at DraftKings to win the entire tournament. This will be … Read more

Michigan Online Sportsbooks See $115.2M Handle In Ten Days

Michigan Sports Betting

Michigan had $115.2 million in handle from mobile sportsbooks for the ten days the platforms were live in January. Revenue was at a minus figure for these mobile sports betting applications, posting a loss of $5.2 million because of promotions given to new players. DETROIT … Read more