Prophet Exchange became the first sports betting exchange to launch in the United States. The app permits bettors to accept or offer betting lines on a variety of professional and collegiate sports. Prophet Exchange doesn’t charge any vigorish, making most lines sit at even odds. … Read more
SuperBook is located in five states with plans to hit double digits over the next year and a half. Great operations, not marketing, will be the key driving force in SuperBook’s return to the top. LAS VEGAS – SuperBook Sportsbook – a name that rings true … Read more
New York’s online betting market has surpassed $9.3 billion in bets in its first six months of being live. This total handle is more than the $8 billion wagered in the first full year of US-regulated betting post PASPA. July 2022 marked the first month … Read more
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 … Read more
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 sportsbooks. There is … Read more
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 … Read more
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. … Read more
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 … Read more
New Jersey lawmakers are deliberating a bill to divert some tax allocation to the benefit of Atlantic City. Mayor Marty Small believes the city should see more funds from the taxes imposed by the state. ATLANTIC CITY, N.J. – A new bill made its way … Read more
New Jersey’s sportsbooks had a rough month in February, with sports betting handles down a significant 26.9%. The decrease in handle led to New Jersey losing its five-month streak of generating a sports betting handle of at least $1B. TRENTON, N.J. – February was a … Read more
Delaware’s three sportsbooks saw a drop in January’s handle and revenue. Delaware’s sports betting handle hit its all-time-high in 2018, and has not reached it again since. DOVER, Del. – Delaware’s sports betting market took a pretty big dip in January, with an overall decrease … Read more
New York launched their mobile sportsbooks in early January; since then, New York has turned over handles of $1 billion or more in both months after the mobile launch. New York’s streak of $1B+ handles looks like it should continue through March, a historically strong … Read more