More than $641 million was wagered on sports in Nevada for March. Most of the wagers came from college basketball betting during the March Madness Tournament. Nevada saw a 6.1% hold rate for sportsbooks equaling $39.3 million in revenue. CARSON CITY, Nev. – Nevada managed … Read more
Nevada will now allow prop bets on the MLB World Series MVP. Sportsbooks in Nevada will need to notify the Nevada Gaming Control Board’s Enforcement Division if they want to add the wager to their list for the series. The bets for the MVP award … Read more
Illinois had the third-highest sports betting handle in February with $509.8 million. The Casino Queen (DraftKings) had the highest sports betting handle in February with $199.8 million. The retail sports betting handle in Illinois in February was $ 19.6 million. CHICAGO –The Illinois sports betting … Read more
According to a survey run by Whistle Wise Quantitative Research, 76% of young sports betting fans view legal sports betting as a form of entrepreneurship. Americans bet billions on sports every year. Many prominent figures have made a living off of sports betting. LAS VEGAS … Read more
February is a month that typically sees a drop in sports betting handle and revenue across the country because it is the shortest month of the year and Nevada can attest to that fact. Nevada had a lower handle and revenue reported in February 2021 … Read more
Nevada congresswoman Dina Titus is looking to get rid of the required 0.25% excise tax on sports betting handle in the United States. The IRS collects millions of dollars from every state with a regulated sports wagering industry each year through this tax that was … Read more
BetMGM has announced an exclusive partnership with Borussia Dortmund. BetMGM becomes the football club’s official US partner. Borussia Dortmund has -112 short odds to beat Borussia Monchengladbach. LAS VEGAS – BetMGM has officially announced an exclusive partnership with German football club Borussia Dortmund, becoming its … Read more
Nevada’s sports betting handle for January hit $646.5 million. This is the fourth month Nevada has passed the $600 million mark. January’s numbers are 2% shy of the record set in October. CARSON CITY, Nev. – Nevada sports betting started the new year with a … Read more
FansUnite will work with Ifrah Law to acquire a license to operate in New Jersey by the end of 2021. New Jersey had the highest sports betting handle in the US at $10.6 billion in 2020. FansUnite recently partnered with OneComply to assist the company … Read more
Senate Bill 5212, which would legalize commercial sports betting in Washington, had its first reading on Thursday. The legislation projects at least $50 million in yearly revenue from a sports betting market under this proposal. The Washington State Legislature adjourns in April where a decision … Read more
Kansas, Maryland, Massachusetts, and Minnesota all have sports betting legislation waiting to be heard in their 2021 sessions to legalize the market. Colorado, Illinois, Mississippi, and Tennessee all had stellar months for handle and revenue from sports wagering in their states while Nevada and Rhode … Read more
Retail sportsbooks across the nation are projecting lower handle numbers for Super Bowl 55 because of the Coronavirus Pandemic’s health safety protocols allowing for limited operating capacities. A $2.3 million wager has been put on the Tampa Bay Buccaneers to cover the 3.5 spread set … Read more