The total legal US sports betting handle surpassed the $250 billion mark in 2023. New Jersey is the biggest contributor to the milestone, making up 15.78% of the total handle. Ohio and Massachusetts launched earlier this year, adding two major markets to continue hitting legal … Read more
PlayUp Sportsbook was shut down by the New Jersey Division of Gaming Enforcement for multiple non-compliance issues. The New Jersey sportsbook failed to deliver financial information by the July 14 date requested by the Division after multiple requests. A revocation letter published by the Division … Read more
Indiana lawmakers introduced SB 423, which looks to modify euthanasia rules for underground animal fighting. New Jersey sportsbooks could see an ease from underage gambling, as NJ legislators attempt to increase the under 21 gambling penalty. ATLANTIC CITY, N.J. – Two betting regulation bills made … Read more
Ohio and New Jersey pulled bets on Alabama baseball off the board last week. With BAMA coach Brad Bohannon being fired, some places are linking the two. TUSCALOOSCA, Ala. – In the morning on Thursday, the University of Alabama fired head baseball coach Brad Bohannon. … Read more
Many states saw a record high in sports wagering handles during March of 2023. A sports betting study revealed that over 18 million more Americans planned to wager on March Madness than Super Bowl 57. LAS VEGAS – A handful of state’s monthly gaming revenue … Read more
The Illinois betting market has been on a hot streak, continually growing and putting up big handle numbers, and is expecting the addition of a popular Vegas operator into the mix Ohio further work to bolster the number of markets available for bettors to wager … Read more
Colleges around the country have begun cracking down on their sports betting sponsorships, with the University of Colorado ending their partnership and Michigan State staff signing a petition to follow suit. Concerns about student safety and secretive deal details have been at the forefront of … Read more
Between 2018 and 2023, U.S. sportsbooks have taken in over $200 billion in bets. New Jersey, Nevada, and Illinois are among the top contributors, thanks in part to their early legalization. Sportsbooks have only held onto less than 5% of revenue in only Kansas and … Read more
FuboTV announced their closure of Fubo Gaming to secure a positive cash flow by 2025. They represented less than 1% of the market during 2022 March Madness in Arizona. FuboTV Sportsbooks in Iowa, New Jersey, and Arizona will close immediately. NEW YORK – FuboTV announced … Read more
Hold rates in September are always high but three top producing states are showing historically high hold rates. This means bettors aren’t winning well, giving more money to the sportsbooks and local governments. NEW YORK – As the fall returns, so does football and its … Read more
Sportsbooks posting the highest hold percentages are found in states without mobile sports betting. But, states with mobile-only sports betting aren’t seeing better bettors across the US industry. States with professional sports teams could play more of a factor than mobile betting access. DOVER, Del. … Read more
Pennsylvania, Illinois, New York and New Jersey have contributed over $1 billion to local governments from sports betting taxes. Nevada sports bettors hold the best win rate (5.65%), while Montana sportsbooks see bettors lose at the US’s worst rate (13.5%). WASHINGTON – Nationwide, sports betting … Read more