Every state with legal sports betting taxes their sportsbooks’ revenue at a percentage ranging from 6.75% – 51%. While the majority of states only send tax contributions to their statehouse, others give to the cities or counties that host the books. Sports betting revenue and … Read more
Sports bettors in Nevada struggled with their betting strategies, as bettors posted their worst winning percentage since September 2018. Nevada brought in over $100 million more in wagers than that of New Jersey for the month. Year to year, the sports betting handle and revenue … Read more
Only six states were operating licensed sportsbooks during the 2018 World Series. Now, there are 13 states that are offering World Series betting lines to sports bettors. The sportsbooks expect their lounges to fill up with sports bettors due to increased fan engagement. HOUSTON – … Read more
With the widespread popularity of sports betting, Google has authorized more states to advertise these services on its search engine. These advertisements will come with restrictions under the new Google policy. Ads for wagering on sporting events will not be exclusive solely to the state … Read more
New Jersey sports betting has been dominated by the online presence of The Meadowlands and Resorts Casino. NFL bettors helped the state break new records for a monthly betting handle, revenue total, and tax contributions. Harrah’s AC still sits without any online betting platform – … Read more
SGIF plans on investing in startup sports betting companies. Sports betting is potentially a $17 billion industry. Many veterans from the sports betting industry are in charge of SGIF. LAS VEGAS – The Sports Gaming Investment Fund (SGIF) announced this week that they plan on … Read more
August sports betting throughout the country saw bettors hit their worst performance of the year. While baseball betting may take the blame, it was actually the NFL preseason that caused this loss for bettors. Nevada bettors are the ones to blame for the high margins … Read more
With summer betting over, Nevada sportsbooks kept their highest revenue total since April of this year. The $1.26 million sent to the state in tax contributions during August was the fourth-most for the year. Baseball bettors contributed to the highest handle, but football bettors allowed … Read more
NASCAR hopes that the addition of in-race betting to their sport will expand their fan base. If the introduction of in-race wagers is successful, they plan to expand to more states for the 2020 season. The South Point 400 will be the first to see … Read more
Nevada sportsbooks saw year-over-year improvements in the months of June and July combined. Over $10 million was kept by sportsbooks in Nevada as revenue before tax contributions for July 2019. Nevada is on pace to break records set last year, as their 2019 betting handle … Read more
Maverick Gaming has purchased Wizards Casino. The company wants to introduce sports betting to Washington state. Sports betting has not been formally legalized in Washington yet. BURIEN, Wash. – Maverick Gaming will complete their purchase of the Wizards Casino within a month. Maverick Gaming is … Read more
At the time of writing, over $10.02 billion has been bet at licensed sportsbooks throughout the country. Of that total, $5.44 billion came during 2019 alone, as more states introduce their industries. September 2019 – February 2020 will likely see a combined betting handle in … Read more