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
The New Jersey Thoroughbred Horsemen’s Association is seeking $150 million in damages for being stopped from opening a sportsbook for four years at Monmouth Park. The pro leagues stopped the horsemen from accepting bets because they said it would hurt their business and now they … Read more
There are currently multiple Missouri sports betting bills still alive in the 2020 legislative session. MO House Bill 2088 has had the most traction this session and was put on the formal perfection calendar on March 18. The Missouri legislature will adjourn on May 15. … 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
Pennsylvania sports betting revenue increase from $4.7 million to $6.9 million from February to March. At the same time, handle decreased by over 60%, down to just $131.3 million. The financial future of sportsbooks across the country, including Pennsylvania, is in doubt as COVID-19 will … Read more
New Jersey’s total March sports betting handle decreased 51.2% and its revenues decreased 58.4% from 2019. The nationwide shutdowns caused by COVID-19 severely impacted the bottom line for New Jersey sportsbooks, especially after a disappointing February. There is no reliable timeline for the safe return … Read more
Indiana sports betting revenue fell drastically in March due to all major sports being canceled or postponed. The total sports betting handle in Indiana during March reached $75 million, a 60% drop from the month before. Indiana’s sports betting handle was mostly comprised of wagers … Read more
Sports betting revenues will likely be severely reduced for at least the next several months because of the widespread sports shutdowns caused by COVID-19. U.S. sportsbooks were mostly unaffected by COVID-19 in February and managed to post $83.1 million in reported revenue during the month. … Read more
NBA players that have been in isolation since March will be competing in an upcoming H-O-R-S-E competition that will air on ESPN. Sportsbooks have numerous odds for the NBA’s televised game of ‘Horse’ that fans can place wagers on. BOSTON – The NBA and ESPN … Read more
Devin Booker +300 is favored to win The NBA will sponsor and official players only 2K tournament which now has odds. The tournament will be played one-and-done style with 16 players until the championship game. This brings NBA sports betting back to sportsbooks, if only … Read more
The odds are out for when the NHL, MLB, and NBA will be resuming their regular season games. Major sporting events and their new dates due to the Coronavirus will lead to plenty of betting options for sports bettors in the future with all of … Read more
Most major sports leagues around the world have been shut down, which paves the way for virtual sports betting to see a big spike in popularity. Virtual sports are generally limited to computer-generated highlights, but now there is a market for full-length games. NEW YORK … Read more