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
888 offer sports betting in New Jersey but is looking to expand into other states as well. The company is looking at states attempting to pass all online gaming rather than just sports betting. Despite the continual sports betting expansion in the US, 888 has … Read more
Last football season, bettors in Nevada risked over $1.8 billion on football action. From that total, the sportsbooks were able to keep $129.7 million, or 7.2%. To reach a $2 billion handle, every month would need to see an increase of 11%. LAS VEGAS – … Read more
June’s betting handle of $322 million sets a new record for June sports betting in Nevada. Baseball betting in Nevada during June accounted for 70% of the monthly sportsbook revenue. Sportsbooks in Nevada have failed to contribute more than $1.5 million to the state in … Read more
Every quarterly report has watched the country’s sports bettors cut the books’ margins. In launch months, no state has seen bettors keep over 90% of the handle. With New York and Arkansas having launched in July, this trend is likely to be broken with 2019 … Read more