Nevada handled $78.2 million in sports wagers in June and lost $483,000 in revenue on these wagers. It was the first month where Nevada sportsbooks have lost money since July 2013. The betting handle should continue to increase in July and August as major American … Read more
Pennsylvania sportsbooks handled $111.4 million in wagers and earned $8.6 million in revenue in June, with a hold rate of 7.5%. Handle and revenue continue to increase rapidly every month as the sports betting industry recovers from the March crash caused by the coronavirus pandemic. … Read more
Mississippi casinos were able to reopen in late May and early June, leading to the first sports betting action in months. In June, Mississippi sportsbooks handled $1.6 million in sports bets and lost $62,230, a hold rate of -3.85% Although the amount of money lost … Read more
It’s official: Colorado handled $25.5 million in wagers in May and collected $947,000 in revenue. Although the hold rate was lower than average, the total handle was the second-highest of any state in its sports betting debut month, even with the pandemic cutting into live … Read more
Indiana totaled a $29.8 million betting handle in June and collected $2.9 million in sports betting revenue. This raised $277,600 in state taxes. Handle was down 20% from May; revenue was also down 8%. It is strange to see betting handle and revenue decrease after … Read more
Iowa sports betting handle increased by $5.7 million, or 82%, in June. Total handle was $12.7 million. Even with a hold rate under 5%, Iowa sportsbooks collected $620,000 in revenue—a 24% increase from May. Casinos have begun to reopen with limited capacity and social distancing … Read more
Samsung TV Plus users will now have 24-hour sports betting news access as the company will now be airing the SportsGrid network for free. SportsGrid works closely with FanDuel Sportsbook to help with their programming as well as using their data, odds, and wagers throughout … Read more
Deutsche Bank analysts foresee huge positive growth for GVC Holdings in the back half of 2020. Deutsche’s consensus projection for GVC Holdings set its target price at 1040 GBX, nearly 30% above the current price. One analyst went one step forward and projected 2020 earnings … Read more
PrizePicks is a popular domestic daily fantasy sports operator. The company received $850,000 in bridge funding, a form of short-term private investment aid, in response to the COVID-19 pandemic. The investors for this bridge funding believe in the long-term potential of PrizePicks as a major … Read more
New Jersey’s sports betting industry had a $117.8 million betting handle and earned $9.9 million in revenue in May. These totals represent massive month-over-month increases from April, indicating that New Jersey sportsbooks are on the path to financial recovery from COVID-19. Major North American sports … Read more
The NBA has a +200 odd of becoming the first professional league to pay its players in Bitcoin. Both the NBA and the NFL have had players to voice their interest in being paid in cryptocurrency and both have denied the request. As Bitcoin continues … Read more
The four major North American professional sports leagues filed to dismiss a $150 million legal claim by the New Jersey Thoroughbred Horsemen’s Association (NJTHA) on Monday. Their claim is predicated on the fact that the leagues were responsible for an injunction on legal New Jersey … Read more