In April, Pennsylvania sports betting revenues reached their lowest point since May 2019. Pennsylvania’s betting handle and revenue were far lower than they’ve been in any single month since FanDuel launched its Pennsylvania sportsbook in July 2019. Relief won’t be possible until major sports leagues … Read more
Andrew Schneider is going to become the next FOX Bet chief marketing officer. Schneider used to work for Disney and help promote the Disney+ and ESPN+ platforms. MOUNT POCONO, Pa. – Former Disney executive, Andrew Schneider, is set to become the next chief marketing officer … Read more
BetAmerica is back online three weeks after a cyberattack on its platform provider SBTech caused a shutdown. SBTech is partnered with casinos in six different states. The company announced its sports betting and casino operations are back online. LAS VEGAS — After weeks of uncertainty, … Read more
A new bill, PA SB 1117 would use all sports betting revenue in Pennsylvania to help with property taxes while the commonwealth is shut down due to COVID-19. The gambling on sporting events market in Pennsylvania has seen much lower revenue numbers than usual due … Read more
Pennsylvania sports betting revenue increase from $4.7 million to $6.9 million from February to March. At the same time, handle decreased by over 60%, down to just $131.3 million. The financial future of sportsbooks across the country, including Pennsylvania, is in doubt as COVID-19 will … Read more
Virginia Gov. Ralph Northam sent recent sports betting bills back to the state Legislature with proposed amendments that would increase licensing fees for sportsbooks. The most impactful change would require a $50,000 background check fee for all “principals” of a sports betting operator—this could cost … Read more
Sportsbooks have been accumulating losses in profits due to the Coronavirus and professional sports being suspended worldwide. Each operator protects the funds of their customers differently and sports bettors should know if their money is being protected if these businesses cannot make it through the … Read more
The 2020 Presidential Election is seven months away and sportsbooks have listed odds on which candidate will win in the Electoral College vote of the election. Swing states are notorious for having a big influence on the outcome of an election which is why candidates … Read more
Spectrum Gaming Group has not yet submitted its New York study bill. The New York state budget seems like it will not include legal sports betting again. Mobile sports betting is unlikely to pass in New York in 2020. ALBANY, N.Y. – The Spectrum Gaming … Read more
SBTech, an English online gambling firm, was forced to shut down its websites for maintenance after a cyberattack. SBTech offers web services to companies in six different U.S. states. DraftKings recently acquired SBTech, which might have provided the motivation behind this attack. The timetable for … Read more
Pennsylvania handled nearly $330 million in total bets in February but earned only $11.4 million in gross revenue—a hold percentage of 3.47%. This figure is disappointing for Pennsylvania sportsbooks, and there is no clear reason for the decrease. With March Madness and other sporting events … Read more
Pennsylvania’s 13th retail sportsbook is set to open in the state’s third OTB site. They are still working out the kinks to give visitors the best sports betting experience possible. A trial period for their PA sportsbook began on Monday. LEHIGH VALLEY, Pa. – The … Read more