After a launch month, states usually see their licensed sportsbooks’ hold percentage anywhere from 10-40%. French Lick Casino is reported to have held only 5.1% of all money risked due to successful Colts’ bettors. Winning five of their last six, the Colts may challenge bettors … Read more
Every state with legal sports betting taxes their sportsbooks’ revenue at a percentage ranging from 6.75% – 51%. While the majority of states only send tax contributions to their statehouse, others give to the cities or counties that host the books. Sports betting revenue and … Read more
The sports betting market has become a booming industry that many people are interested in learning more about. NYC will be holding a conference with numerous big names in the industry ready to inform all those that attend on how to break into the market. … Read more
Indiana sportsbooks collected over half of their betting handle from football bettors. The books located next to NFL teams were the most successful sportsbooks in Indiana. Indiana now has the record for the highest betting handle during its launch month. INDIANAPOLIS – The first month … Read more
Benjamin Bifalco has been charged with attempted sports bribery. Bifalco has connections with the Colombo crime family. The game in question did not go in favor of the attempted bribe. NEW YORK – Last week, the US Department of Justice unsealed an indictment revealing an … Read more
California became the first state to support student-athlete compensation with their passage of CA SB 206. Also known as the Fair Pay to Play Act, the bill allows student-athletes to profit off their name, image, and likeness. The NCAA has warned California legislators that this … Read more
August sports betting throughout the country saw bettors hit their worst performance of the year. While baseball betting may take the blame, it was actually the NFL preseason that caused this loss for bettors. Nevada bettors are the ones to blame for the high margins … Read more
NASCAR hopes that the addition of in-race betting to their sport will expand their fan base. If the introduction of in-race wagers is successful, they plan to expand to more states for the 2020 season. The South Point 400 will be the first to see … Read more
There are a total of 13 states with active legal sportsbooks in the US. Each state with legal sports wagering has its own laws when it comes to betting on college sports. Tallahassee, Fla. – With the 2019 college football season well in its groove, … Read more
The state of New York is currently doing a case study on sports wagering that will also include mobile options. The interest in New York sports betting has increased greatly. The state has both tribal and commericial casinos open for business. NEW YORK – August … Read more
Resorts World Catskills was one of four casinos granted permission to open a sportsbook in New York through a state-wide 2013 voter referendum. IGT and Betgenius will power the sportsbook at Resorts World Catskills. Sportsbook 360 at Resorts World Catskills is the closest N.Y. sportsbook … Read more
The Philadelphia Union soccer team is the latest team to partner with a casino. MLS was the first league to agree to sell both the rights to name their stadiums, as well as alter their jerseys with sponsorships to sports wagering businesses. Both will begin … Read more