U.S. Sports Betting Revenue In Jan. Tripled From 2019 To 2020

USA Sports Betting

American sportsbooks saw revenues more than triple from January 2019 to January 2020. Total betting handle increased greatly as well, even after accounting for industry expansion. With more states set to launch sportsbooks in 2020, this trend of growth should continue. LAS VEGAS – In … Read more

Washington Sports Betting Bill Passes Senate, Needs Gov. To Sign

Washington Senate

Bill WA HB 2638 has passed in Washington to make sports betting legal. Under the bill, both professional and collegiate sporting events would be available for wagers. Profits from the new gambling market could bring in millions for the economy of the Evergreen State. OLYMPIA, … Read more

Jan. Reports Show R.I. Sportsbooks Won Big With Patriots Loss

R.I. Sportsbooks

Rhode Island set a new monthly record for gross sports betting revenue in January. This historic success was powered largely by a Patriots upset loss to the Titans. This is an exact reversal of the situation from the 2019 NFL playoffs. PROVIDENCE, R.I. – In … Read more

League Taking XFL Betting As It Comes In Order To Compete

XFL Betting

Sports betting is helping to grow the XFL brand. XFL Betting Lines have been offered every week this season. The XFL and NFL have different stances on sports betting. STAMFORD, Conn. — Sports betting has been on the rise for several years, but in recent … Read more

Sports Betting Lounges In NFL Stadiums, Welcomes Mobile Bettors

NFL To Allow Sports Betting Lounges

The NFL will allow sports betting lounges to open in stadiums. Only states that legalized sports betting will have betting lounges. Several states with NFL teams are considering to legalize sports betting in 2020. NEW YORK — The NFL has allowed for the opening of … Read more

Back To The Drawing Board For Tennessee Sports Betting Rules

Back To The Drawing Board For Tennessee Sports Betting Rules

Tennessee still cannot come up with reasonable rules and regulations that will allow the process of launching legal sports betting in the Volunteer State to become easier. TN HB 1 made mobile gambling on sports legal in 2019 but there are still no set rules … Read more

Odds For Vegas Pro Teams Show Prime Example Of Home Team Bias

Las Vegas Aces

Sports betting at Las Vegas sportsbooks have the home teams getting the most action. Lines for Championship events will change as more bets are placed on them. Tourists and locals both have an impact on the odds given to teams at any major sporting event. … Read more

NFL Playoffs Cause Rapid Revenue Fluctuations In NY Sportsbooks

New York Spots Betting Revenue

During the NFL playoffs, sports betting revenues in New York varied wildly from week-to-week. The combination of a small number of games and a large number of bets allowed for this variance. These weekly revenue figures offer a great example of what differentiates sports betting … Read more

Big Names Not Joining XFL Causing Losing Bets Nationwide

XFL Player Hopefuls

Big-name football players not playing in the XFL this season has led to major losses for sports bettors. Players like Colin Kaepernick and Johnny Manziel will not be hitting the field this season, though sportsbooks had odds that they would. Many players, including Antonio Brown … Read more