The total sports betting handle in New Jersey for March was $859.6 million. New Jersey made $7.8 million in tax revenue from sports betting during March. The internet sports wagering handle for New Jersey was $780,145,392 fueled by March Madness betting. TRENTON, N.J. – The … Read more
An Alabama Crimson Tide betting fan placed $451,000 on Alabama to cover the -6 spread against the UCLA Bruins in the Sweet Sixteen. Alabama saw a $330,000 wager for them to cover the spread against the Maryland Terrapins. March Madness has seen more action than … Read more
March Madness was canceled in 2020 due to the COVID-19 pandemic. Multiples states launched legal sports betting markets in 2020. Super Bowl 55 was the most wagered on Super Bowl in history. INDIANAPOLIS – This year’s March Madness Tournament has the potential to be the … Read more
Betting on the number one ranked team to win the NCAA Men’s Basketball Tournament has consistently been a bad bet. Underdog bettors have cashed in big during March Madness. The last time a number one ranked school won the tournament was Kentucky in 2012. INDIANAPOLIS … Read more
Pennsylvania handled nearly $330 million in total bets in February but earned only $11.4 million in gross revenue—a hold percentage of 3.47%. This figure is disappointing for Pennsylvania sportsbooks, and there is no clear reason for the decrease. With March Madness and other sporting events … Read more
Sportsbooks in the United States could lose $2 billion in handle and nearly $200 million in revenue as a result of the COVID-19 pandemic. Local and state governments project to lose over $24 million in tax collections off this lost revenue. Even once the sports … Read more
NCAA has announced the men’s basketball tournaments will continue without fans in attendance due to growing concerns of coronavirus spreading. The games will only have essential staff and limited family members in the stadium during the games. This announcement follows the NBA’s Golden State Warriors … Read more