by Michael Molter | Jul 26, 2022 2:33 pm | Revenue
New York has reported six straight months of a $1b million handle. Arizona surpassed $4 billion in under a year’s time. Without many mobile sportsbooks, a few states have yet to reach the $1b billion level. PHOENIX – Over four years since the repeal of...
by Giovanni Shorter | Jul 20, 2022 1:57 pm | Sports Betting
Over $141 billion have been bet on sports at regulated US sportsbooks since 2018 and over $10 billion in sports betting revenue has been reported by sportsbooks. States with regulated betting have now seen approximately $1.5 billion in tax revenue from local...
by Ben Fiore | Jun 29, 2022 1:12 pm | Revenue
The New York sports betting market has a 51% tax, compared to New Jersey only having a 13% tax rate, making it hard for NY Sports Betting Operators. FanDuel has led New York with 47% of the mobile sports betting market share in the month of June, with Draft Kings...
by Giovanni Shorter | May 17, 2022 10:33 am | Revenue
New Jersey’s streak of $1 billion betting handle months comes to an end in April 2022 as sportsbooks raked in $926.9 million. The betting handle is actually up 23.9% compared to April 2021 but revenue is slightly down 8.2% year over year, however. TRENTON, N.J. – New...
by Giovanni Shorter | Apr 19, 2022 3:06 pm | Revenue
New Jersey sportsbooks saw $1.1 billion bet on sports in March 2022. More than 90% of the total handle came from mobile and online sportsbooks. March Madness betting carried the market, with over 17 million basketball bets in March. TRENTON, N.J. – New Jersey sports...