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
Both Tipico, a top German sports betting firm, and Amelco, a top English firm, are set to launch new mobile sportsbooks in the U.S. within the next two months. Even with the coronavirus halting major sports leagues in the U.S. and around the world, mobile … Read more
Nevada’s combined sports betting and poker revenues increased 61% in May, from $3.6 million in April up to $5.8 million. Exact betting figures, win rate, handle, etc. were once again redacted to comply with confidentiality laws. Gambling revenues in Nevada are trending up, but a … Read more
Illinois casinos will be allowed to reopen beginning on Wednesday with new social distancing and public health regulations. This will be the first opportunity for retail sports betting in Illinois in three months. Access to online and mobile sports betting odds have been expanded since … Read more
Rhode Island sportsbooks handled only $11.1 million in sports wagers and earned only $1 million in revenue between March 1 and May 31. This drastic decrease is largely the product of the state’s legal requirement that online betting accounts be registered in person. Casinos are … Read more
New Jersey’s sports betting industry had a $117.8 million betting handle and earned $9.9 million in revenue in May. These totals represent massive month-over-month increases from April, indicating that New Jersey sportsbooks are on the path to financial recovery from COVID-19. Major North American sports … Read more
Pennsylvania handled $74.8 million in sports wagers and earned $4.8 million in revenue in May—both sizable increases. Pennsylvania casinos are beginning to reopen in June, which could help sports betting revenues increase even more. The odds the Pennsylvania sports betting industry takes months to fully … Read more
Major league sports in Canada have asked government officials to legalize sports betting in the country via a combined statement. Sports betting is a regular occurrence in Canada and legalizing the market could only add revenue to the country as well as establish consumer safety. … Read more
Indiana recorded $37.4 million in total sports betting handle in May and $3.2 million in revenue—a hold rate of 8.5%. Handle increased 42% from April and revenue increased 104%. Indiana sportsbooks appear to be on the road to recovery, but they won’t return to pre-pandemic … Read more
“MLS Is Back” is a tournament to kick off MLS’s return to the field on July 8 in Orlando. Once the tournament ends, the regular-season schedule will begin. ORLANDO, Fla. – Major League Soccer (MLS) will be returning to the field on July 8 after … Read more
In its first month of operation, Colorado earned a remarkable $25.5 million in sports betting revenue—a staggering total given ongoing COVID-19 restrictions. Colorado has very few restrictions on sports betting operators and low barriers to entry, which should help it quickly develop into one of … Read more
MLS Players have approved the leagues return to play plan and have avoided a potential lockout situation. The MLS is planning on to restart the 2020 season with a summer tournament in Orlando. The NBA’s return also includes a play in tournament in Orlando as … Read more