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 than mobile betting access. DOVER, Del. … Read more
States like Colorado have explicit instructions on where sports betting taxes go. Other states just link all sports betting taxes to their general fund. This includes funding for education programs, infrastructure, and problem gambling help. LAS VEGAS – Since the repeal of PASPA in 2018, … Read more
DOVER, Del. – Despite having legal sports betting, there are a few states whose sports bettors may wish they had a tougher time to bet. The average hold rate for a sportsbook is 7% – this is the percentage of money sportsbooks keep after paying out … Read more
Colorado, Iowa, Nevada, and West Virginia received the highest sports betting grades at 21. Scoring a 13 (Montana) and 14 (Mississippi), these two states were on the bottom of the list. Discrepencies in the methodology and results may be undervaluing the rankings for MT and … Read more
According to a report released by the Mississippi Gaming Commission, Mississippi’s sportsbooks turned over about $10 million more in January than in December. Despite this increase in month-over-month handle, revenue is down over 28% compared to January 2021, partially as a result of a lower … Read more
Mississippi mobile sports betting bill died in committee. Representative Casey Eure is still an advocate of getting it done. Mississippi sportsbooks could lose customers to Louisiana’s mobile market. JACKSON, Miss. – Despite several attempts from Mississippi lawmakers to open the doors for mobile Mississippi sports … Read more
Virginia sportsbooks handled over $3.2 billion in sports wagers across 2021. November was the most profitible month for sportsbooks, who pulled in $48.3 million in profit. 97.5% of all taxes made from sports betting is allocated to the General Fund with the rest going to … Read more
South Dakota has introduced Senate Joint Resolution 502, a resolution that would place state-regulated mobile sportsbooks on the ballot in 2022. Mississippi is similarly looking to expand their sports betting industry to include mobile sportsbooks after introducing HB 184, which would authorize mobile sports betting. … Read more
The expansion to Mississippi’s legal sports betting industry would be very timely, as neighboring Louisiana is set to launch mobile sportsbooks on January 15. JACKSON, Miss. – On Monday, the first day of the 2022 legislative session in Mississippi, Rep. Cedric Burnett introduced a bill … Read more
2022 is shaping up to be another historic sports betting year after 2021 brought an over 30% increase in states offering legal sports betting and record revenues across the U.S. Several states, including California, Georgia, Massachusetts, and North Carolina are likely to pass legal sports … Read more
Nine states launched their legal sports betting industry in 2021, nearly a third of all states that have legalized and regulated a sports betting industry in the United States. Several states witnessed a large increase in sports betting revenue, handle, hold rate, and tax contributions, … Read more
Mississippi’s October 2021 sports betting handle is the highest handle in 2021. The revenue total for October 2021 is an all-time high for Mississippi sportsbooks BILOXI, Miss. – As more and more states seem to be far surpassing previous sports betting records, Mississippi has joined … Read more