Nevada’s sportsbooks handled over $1.109 billion in sports bets in January, up 9.3% from December and 71.6% compared to January 2021. Despite these increases, Nevada’s sportsbooks posted their sixth consecutive month with a sub-par hold rate: if this trend continues, Nevada’s sports betting revenue may … Read more
The New Jersey Division of Gaming Enforcement reported a record-breaking $1.3 billion was wagered in sports in January. 90% of the total betting handle came from mobile sportsbooks but revenue is slightly down 26.9%. TRENTON, N.J. – The New Jersey sports betting market has managed … Read more
In the first month with mobile sportsbooks available in New York, the state brought in over $1.6 billion in sports betting revenue and over $112 million in revenue. As a result, New York has become the largest sports betting market in the United States and … Read more
On Monday, the New Jersey Division of Gaming Enforcement granted the Esports Entertainment Group authorization to accept wagers on all esports events. The Esports Entertainment Group authorization will make the group New Jersey’s first dedicated esports sportsbook, significantly broadening the state’s sports betting offerings. TRENTON, … Read more
Since Michigan launched state-regulated online sportsbooks on January 22, 2021, the state has grown into one of the top sports betting markets in the United States. Virginia first launched sports betting on January 21, 2021 – since, the state became the quickest in the United … Read more
In December, New Jersey saw their fourth consecutive month with over $1 billion in sports betting handle, becoming the first state to surpass $10 billion in yearly handle. New Jersey’s run as the top sports betting market may be coming to an end shortly after … Read more
After months of anticipation, New York finally successfully launched the first batch of their state-regulated mobile sportsbooks on Saturday. New York recorded nearly as many sports betting transactions in the first 12 hours after launch as Pennsylvania, New Jersey, and Michigan did in that time … Read more
The launch of New York’s mobile sportsbooks will have far-reaching consequences – especially in New Jersey, where an estimated 25% of online sportsbook users reside in New York. ALBANY, N.Y. – New York’s long-awaited mobile sportsbook launch could be mere days away after the New … Read more
The expansion to Mississippi’s legal sports betting industry would be very timely, as neighboring Louisiana is set to launch mobile sportsbooks on January 15. JACKSON, Miss. – On Monday, the first day of the 2022 legislative session in Mississippi, Rep. Cedric Burnett introduced a bill … Read more
Nine states launched their legal sports betting industry in 2021, nearly a third of all states that have legalized and regulated a sports betting industry in the United States. Several states witnessed a large increase in sports betting revenue, handle, hold rate, and tax contributions, … Read more
After COVID-19 lockdowns led to New Jersey casinos leaning into online sports betting, the state is seeing an increase in sports betting handle and hold percentage. While online sports betting is seeing historic increases, casinos are struggling to return to their pre-COVID handle and revenue … Read more
Only five states have handled more than $5 billion in total sports wagers so far. Colorado is most likely to be the sixth state to have handled a total of more than $5 billion Michigan residents bet almost $1 billion in only two months near … Read more