by Jeremias Di Vico | Mar 8, 2023 8:58 am | Revenue
Between 2018 and 2023, U.S. sportsbooks have taken in over $200 billion in bets. New Jersey, Nevada, and Illinois are among the top contributors, thanks in part to their early legalization. Sportsbooks have only held onto less than 5% of revenue in only Kansas and...
by Jeremias Di Vico | Feb 28, 2023 5:46 pm | Regulatory
Kansas sportsbooks reported heavy losses following the Super Bowl win by the Kansas City Chiefs. Retail venues like the local casinos took the brunt of damage, reporting a -77.2% return on bets, online operators were better off but still lost nearly $13 million. This...
by Michael Molter | Aug 31, 2022 10:49 am | Revenue
Pennsylvania, Illinois, New York and New Jersey have contributed over $1 billion to local governments from sports betting taxes. Nevada sports bettors hold the best win rate (5.65%), while Montana sportsbooks see bettors lose at the US’s worst rate (13.5%)....
by Giovanni Shorter | Jul 20, 2022 1:57 pm | Sports Betting
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...
by Giovanni Shorter | Jun 3, 2022 1:46 pm | Sports Betting
Nevada sportsbooks saw $582.5 million in wagers for April 2022. While this is a major drop compared to March, this is up 28.1% year over year. Pennsylvania reported $572.8 million in bets with over 90% of the wagers coming from online operators. Virginia sportsbooks...