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
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