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
Six states saw a decrease in sports betting over the month of June in 2022, with two of them not offering mobile sports betting. The Iowa sports betting market saw a 17% decrease from May to June, from the 19 mobile betting apps and 18 … Read more
DraftKings stock is down to 12.37 per share after peaking at 63.39 per share in 2021. Caesars stock peaked at 119.49 in 2021 but is now down to just 42.26 per share. A younger investing audience is rooted as one of the reasons for the … Read more
Arizona sportsbooks reported $513 million wagered in April 2022, bringing its lifetime total to over $4 billion. Tennessee also surpassed $4 billion in bets all time after reporting $261 million in May. New York handled over $7 billion in only five months of activity. NEW … Read more
David Highhill has been announced as the new VP and general manager for the NFL, a brand new position in the league. Highhill initially ran the go to market sports betting initiatives while under the corporate strategy group for the NFL. This position further shows … 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
Sports betting advertisement spending has increased 281% to $281 million since September 2021. The increased spending has led to a 48.4$ increase in ad impressions. More than 18 billion impressions total. The sportsbooks that have seen the most impressions have also seen the largest bump … Read more
Two sports betting bills will likely be on the November ballot in California. Only one would allow online sports betting and allow bets on California colleges and universities. Neither initiative proposed sports a tax rate near that of New York state. SACRAMENTO, Calif. – State-regulated … Read more
Since its launch in January 2022, NY has seen over $400 million in mobile betting revenue with the state seeing over $200 million in taxes. ALBANY, N.Y. – Morgan Stanley has recently given its projections on the New York sports betting market, predicting revenue reaches … 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 York mobile sports betting brought in over a $6 billion handle. New York reported $12.8 million in revenue. NEW YORK – New York expanded its sports betting industry in January 2022 by allowing mobile and online sports betting throughout the state. With the expansion, … Read more
FanDuel is now the official betting partner of the New York Yankees. FanDuel is the number one online sportsbook in New York. This is the second sports betting deal for a New York baseball team. NEW YORK – After FanDuel sportsbook has eclipsed Caesars for … Read more