International Game Technology PLC (IGT) has announced extensions and expansions of its lottery deals with Missouri, Virginia and Tennessee. IGT will also be rolling out an improved online sportsbook for Rhode Island. These developments could signal that IGT is primed for a surge in stock … Read more
DraftKings appears primed for continued growth despite the disruptions caused by the ongoing Coronavirus pandemic. In 2020 and 2021, the company is focusing on expanding its live betting options and its consumers’ awareness of live betting. The company has also begun exploring an acquisition of … Read more
Five states have reported their April sports betting figures: Indiana, Iowa, New Jersey, Pennsylvania, and West Virginia. In the five states, sports betting revenues are down almost 80% from what they were in February, and handle is down almost 90%. These states only handled $130.5 … Read more
Inter Miami’s goalkeeper Luis Robles has invested into esports bookmaker Luckbox. Luckbox is taking steps into becoming a publicly-traded company. With the coronavirus shutting down the MLS, Robles expressed how FIFA has allowed players to stay competitive and connect with fans. MIAMI – The esports … Read more
Major horse racing tracks across the country are beginning to reopen (without fans) after an extended hiatus caused by the Coronavirus. Betting handle on races has increased greatly over similarly timed races in 2019. This suggests that the sports betting industry could rebound from its … Read more
Reports say that the 26-teams will have a tournament to be hosted in Orlando in June ORLANDO – The Major League Soccer season that was suspended due to the COVID-19 outbreak has reportedly been set a return date for June. The league is looking to … Read more
In April, New Jersey sportsbooks experienced their lowest month of revenue ($2.6 million) ever. New Jersey also saw its second-lowest month of betting handle ($54.6 million). ATLANTIC CITY, N.J. – After a less-than-stellar take-home in a pandemic-shortened March, New Jersey sportsbooks experienced their lowest monthly … Read more
Iowa recorded record lows for both sports betting handle and revenue in April. COVID-19 shut down 6 Iowa sportsbooks entirely and relegated the other 13 to online wagers only. Iowa casinos could begin reopening by mid-May, but until major American sports leagues resume, sports betting … Read more
West Virginia handled only $1.9 million in April sports wagers and collected $124,000 in revenue—a 6.54% hold rate. These figures were drastic reductions from the pre-COVID-19 handle and revenue figures. While West Virginia is beginning to reopen, the sports betting industry won’t be able to … Read more
Sports betting handle and revenue each decreased by 69% from February to March 2020. The betting month was shortened, as COVID-19 essentially shut down sports by March 12 and all Mississippi casinos were forced to close on March 16. Without online betting to fall back … Read more
Coronavirus caused widespread cancellations, postponements, and suspensions of play in one of the most apocalyptic days in sports history. A handful of international soccer events were still played as scheduled. Manchester United (-132) extended their unbeaten streak in a 5-0 win over Austrian Club LASK … Read more
Major League Soccer now has its first official data provider from a partnership with Second Spectrum. The data provided by the company will be helpful to MGM Resorts, another partner of the League and their sportsbooks. More gambling on soccer matches is expected to be … Read more