by Michael Molter | Aug 31, 2022 10:49 am | Revenue
Pennsylvania, Illinois, New York and New Jersey have contributed over $1 billion to local governments from sports betting taxes. Nevada sports bettors hold the best win rate (5.65%), while Montana sportsbooks see bettors lose at the US’s worst rate (13.5%)....
by Michael Molter | Jul 27, 2022 9:57 am | Sports Betting
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 all of...
by Michael Molter | Jul 21, 2022 4:25 pm | Sports Betting
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...
by Jerad Paparella | Feb 1, 2022 5:01 pm | Legal
The Cincinnati Bengals are headed to the Super Bowl for the first time this century after completing an 18-point comeback against the Kansas City Chiefs in the AFC Championship. Despite legalizing sports betting with the signing of HB 29, Ohio does not yet have...
by Jerad Paparella | Dec 8, 2021 5:30 pm | Legal
Delaware’s sports bettors have suffered a historically bad stretch, with sportsbooks reporting over a 10% hold in nine of the last 12 months – this includes a 14% hold in October. Both Delaware and Montana, the states with the two highest reported holds for...
