Pennsylvania sportsbooks handled $111.4 million in wagers and earned $8.6 million in revenue in June, with a hold rate of 7.5%. Handle and revenue continue to increase rapidly every month as the sports betting industry recovers from the March crash caused by the coronavirus pandemic. … Read more
Mississippi casinos were able to reopen in late May and early June, leading to the first sports betting action in months. In June, Mississippi sportsbooks handled $1.6 million in sports bets and lost $62,230, a hold rate of -3.85% Although the amount of money lost … Read more
It’s official: Colorado handled $25.5 million in wagers in May and collected $947,000 in revenue. Although the hold rate was lower than average, the total handle was the second-highest of any state in its sports betting debut month, even with the pandemic cutting into live … Read more
Indiana totaled a $29.8 million betting handle in June and collected $2.9 million in sports betting revenue. This raised $277,600 in state taxes. Handle was down 20% from May; revenue was also down 8%. It is strange to see betting handle and revenue decrease after … Read more
Iowa sports betting handle increased by $5.7 million, or 82%, in June. Total handle was $12.7 million. Even with a hold rate under 5%, Iowa sportsbooks collected $620,000 in revenue—a 24% increase from May. Casinos have begun to reopen with limited capacity and social distancing … Read more
Samsung TV Plus users will now have 24-hour sports betting news access as the company will now be airing the SportsGrid network for free. SportsGrid works closely with FanDuel Sportsbook to help with their programming as well as using their data, odds, and wagers throughout … Read more
Sports content and data provider Spotlight Sports Group is expanding its presence in the US market with new content. Spotlight Sports Group already has partnerships with US-based companies Pickswise, Racing Post, and FreeSuperTips. The content push will begin with the resumed MLS season and spread … Read more
Deutsche Bank analysts foresee huge positive growth for GVC Holdings in the back half of 2020. Deutsche’s consensus projection for GVC Holdings set its target price at 1040 GBX, nearly 30% above the current price. One analyst went one step forward and projected 2020 earnings … Read more
PrizePicks is a popular domestic daily fantasy sports operator. The company received $850,000 in bridge funding, a form of short-term private investment aid, in response to the COVID-19 pandemic. The investors for this bridge funding believe in the long-term potential of PrizePicks as a major … Read more
COVID-19 has created an estimated $615 billion hole in state budgets through public health expenses and lost tax revenues. Many states have turned to sports betting odds as one potential avenue to mitigate the economic losses caused by COVID-19. Since the near start of the … Read more
The Detroit Tigers have officially partnered with sportsbook and gaming company PointsBet. This is the first sportsbook to partner with any Major League Baseball team. The partnership is set to better fan engagement and provide more MLB odds, Tigers’ content and promotions as well. DETROIT … Read more
Baseball is set to return July 23 as the New York Yankees (-126) take on the Washington Nationals (+116). Odds for the first baseball game of the season are now available as Gerrit Cole makes his Yankees debut against Max Scherzer. World Series odds are … Read more