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
New Jersey’s November sports betting revenue hit an all-time high. The November revenue was up 36% from October. Over 90% of the November sports betting handle came from online wagers TRENTON, N.J. – New Jersey just handled over $1 billion in sports betting revenue for … Read more
New Jersey legislators are moving forward with S4007 after the New Jersey Budget and Appropriations Committee approved the bill on Monday. The bill would reduce the required payments from casinos under the PILOT arrangement and prevent the use of sports betting and online gambling revenue … Read more
New York Senator Joe Addabbo filed New York Senate Bill S7536 on November 19, which would legalize mobile sports betting kiosks at affiliate locations throughout New York. The bill would also make New York just the second state in the United States to allow fixed-odds … Read more
New Jersey handled $1.3 billion in October 2021 $1.2 billion of the New Jersey sports betting handle was wagered online. Sportsbooks made $84.1 million in October revenue. TRENTON, N.J. – New Jersey broke its sports betting handle record again, after taking in $1.3 billion in … Read more
Several states have introduced ballot proposals to legalize sports betting in their state, including California and Missouri. Two initiatives regarding sports betting failed to pass during the elections on Tuesday, while two others did pass. SACRAMENTO, Calif. – While most states to legalize sports betting … Read more
Eight states just had record high monthly sports betting handles Over $4 billion total was handled in September New Jersey sportsbooks accounted for $1 billion of the total monthly handle LAS VEGAS – Last month, sportsbooks in several states received more money in wagers than … Read more