New Jersey Sportsbooks Edge Near $12 Billion For 2023

New Jersey Sportsbook

Sportsbooks in New Jersey kept over $1 billion from their near $12 billion handle. Parlays represented 25% of NJ’s sportsbook intake but over 50% of their revenue. Basketball ($2.68 billion) beat out football ($2.30 billion) as the sport with the most money bet on it … Read more

An Early Recap Of The 2023 US Sports Betting Market

2023 US Sports Betting Market

With over 30 reports still outstanding, the current US betting total for 2023 is $102.5 billion. Over $90 billion of that was won back by bettors across America. Tax contributions from sportsbooks closed in on $1.8 billion for the year. New York’s tax rate proves … Read more

Legal US Sports Betting Hits $250 Billion Mark Since 2018

Legal US Sports Betting Hits $250 Billion Mark

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 Shut Down in NJ, Suspended in Colorado

PlayUp Sportsbook Closed

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

Legal Sports Betting Brief: Animal Gambling and NJ Casino

New Jersey Legislature

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

How Much Money Was Bet on March Madness in 2023?

March Madness

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

Legal Sports Betting Brief: New Markets and Controversy

Circa Sports

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 Tighten Restrictions, Look to End Sportsbook Deals

College Sports Betting

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