June sports betting in Rhode Island accounted for the worst bettor performance, only keeping 85.41% of all action. Over $2.5 million was contributed to Rhode Island through taxes during April, May, and June. Twin River Casino has taken in four out of every five dollars … Read more
There have been over half-a-dozen Massachusetts sports betting bills introduced this year. The Massachusetts legislative session lasts until December 31, 2019. There have been two hearings held this summer to discuss possible sports betting bills. BOSTON – While it may seem as though the fate … Read more
Every quarterly report has watched the country’s sports bettors cut the books’ margins. In launch months, no state has seen bettors keep over 90% of the handle. With New York and Arkansas having launched in July, this trend is likely to be broken with 2019 … Read more
Intralot is the lottery and sports betting provider for both Washington D.C. and for Montana. Idaho generated its highest amount of lottery revenue since it was first introduced in the state in 1989. BOISE, Idaho – The Idaho lottery marks their 30th anniversary in operation … Read more
Being that each state taxes sports betting at a different rate, a higher betting handle doesn’t always equate to more money for the state. New Jersey has collected the most sports betting tax revenue through 2019; however, Pennsylvania could surpass them with their recent mobile … Read more
Betting action has surpassed $9 billion since May 2018 – when PASPA was repealed by the Supreme Court. Using the hold percentage from sportsbooks is the best indicator of sports bettors’ success. Sportsbooks have seen their hold percentages decrease in every financial quarter since Q3 … Read more
Legislators approved mobile betting this past session after voters approved a gambling expansion in 2016. Dr. Daniel Harrop filed a suit against the Rhode Island Lottery, as he claims the voters did not approve sports betting specifically. The preliminary briefings are due to the court … Read more
International Game Technology (IGT) manages many state lotteries in the U.S. and in countries around the world. Global Lottery Monitoring System (GLMS) is the mutualized monitoring system shared between state lotteries with a focus on sports betting. TALLAHASSEE, Fla. – Now that states across the … Read more
Rhode Island bettors have won 96.28% of all action year-to-date – the highest amongst every legal sports betting state. Almost $2.5 million has been contributed to the state in sports wagering taxes since RI’s November 2018 launch. Twin River Casino is the clear market leader … Read more
• Since their launch, Rhode Island sportsbooks have taken in almost $94 million in wagers. • The state has the lowest hold for 2019 (3.48%) of every legal sports betting state. • Twin River Casino has accounted for nearly 75% of the state’s yearly sports … Read more
Massachusetts is the likeliest state in New England to legalize, having a public hearing set at the end of May. If both New Hampshire chambers can find a way to agree on regulations, there is a chance they legalize in 2019. It would likely require … Read more
Rhode Island sports betting returned to profitability in March. New projections suggest that RI’s tax revenue budget is not far off the mark. Rhode Island expects to generate $30 million from sports wagering in FY 2019-2020. PROVIDENCE, R.I. – Rhode Island Gov. Gina Raimondo (D) … Read more