The Rhode Island Lottery Commission officially released sports betting numbers for August and it shows a massive increase from July. Betting handle in Rhode Island was up 117.9% in August. It is also a 64.4% increase from August 2019. PROVIDENCE, R.I. – The official Rhode … Read more
Sports betting in West Virginia has seen a massive surge in revenue in August. This is attributed to the return of sporting leagues like the NBA and MLB. W.V. also saw a boost from the reopening of popular retail sportsbooks. CHARLESTON, W.V. – West Virginia … Read more
Colorado sports betting revenue reports for July 2020 show an increase in betting handle and revenue. The bulk of the revenue game from wagers taken on baseball and soccer events. DENVER – Colorado sports betting revenue reports have been released and they show an increase … Read more
Arkansas’ earnings report shows losses in sports betting revenue for July 2020. Only one sportsbook was operated in Arkansas in July due to coronavirus shutdowns. No regulated online or mobile sports betting options for Arkansas residents also attributes to the overall loss. HOT SPRINGS, Ark. … Read more
With the return of major sporting events, Pennsylvania saw a massive spike in sports betting revenue in July. The most wagered on event was UFC 251. HARRISBURG, P.A. – The Pennsylvania Gaming Control Board (GCB) has released the official numbers, showing Pennsylvania had a huge … Read more
Sports Betting in West Virginia has grown consistently in July thanks to the return of sports. The betting handle has increased every week, which coincides with sporting events. With Virginia’s 10% tax on betting revenue, the Mountain State has taken in a lot of much-needed … Read more
After a two-month hiatus due to casinos being closed in response to the coronavirus pandemic, sports betting in Indiana has begun to surge. This surge has led to the overall sports betting handle to hit over $1 billion in less than a year of operation. … Read more
New Jersey’s total March sports betting handle decreased 51.2% and its revenues decreased 58.4% from 2019. The nationwide shutdowns caused by COVID-19 severely impacted the bottom line for New Jersey sportsbooks, especially after a disappointing February. There is no reliable timeline for the safe return … Read more
Sportsbooks in the United States could lose $2 billion in handle and nearly $200 million in revenue as a result of the COVID-19 pandemic. Local and state governments project to lose over $24 million in tax collections off this lost revenue. Even once the sports … Read more
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
New Jersey successfully challenged PASPA, fighting for states’ rights in regards to legal sports betting, on May 14, 2018. The legal bet in New Jersey was made on June 14, 2018, by Governor Phil Murphy at Monmouth Park. New Jersey has collected more tax revenue … Read more
In Nevada, bettors risk about $9.5 million per NBA Finals game. Depending on how long the series goes, the NBA Finals could see double-digit millions of dollars in wagers in each state. Nevada will make about $39,000 in tax revenue per game of the series. … Read more