According to a monthly report released by the Tennessee Sports Wagering Review Council, sportsbooks in Tennessee saw increases in handle, revenue, and tax contributions in March. March marks the sixth consecutive month Tennessee surpassed $300M in handle, and the seventh consecutive month Tennessee surpassed $20M … Read more
This morning, South Carolina representatives Herbkersman and Rutherford introduced a bipartisan sports betting bill; it has been sent to the House Judiciary Committee. Under the bill, up to 12 mobile sportsbooks would be available in South Carolina, and cryptocurrency would be available for deposits and … Read more
Sportsbooks in Tennessee handled $313.3 million in February, the fifth consecutive month Tennessee sportsbooks handled at least $300 million in wagers. Despite the solid handle figure, Tennessee’s sportsbooks recorded their lowest hold rate and revenue total since December 2020 in February. NASHVILLE, Tenn. – Despite … Read more
New Jersey’s sportsbooks had a rough month in February, with sports betting handles down a significant 26.9%. The decrease in handle led to New Jersey losing its five-month streak of generating a sports betting handle of at least $1B. TRENTON, N.J. – February was a … Read more
Tennessee sportsbooks reported $386,059,756 in betting handle for January 2022, beating the previous record set in October. Sportsbooks also saw $29,087,518 in sports betting revenue. NASHVILLE, Tenn. – Sportsbooks in Tennessee set a new record for monthly betting handle with $386,059,756 wagered in January 2022. … Read more
Rep. Adam Koenig, the sponsor of previous sports betting bills in Kentucky, plans to introduce a brand-new sports betting bill during the spring legislative session. Sports betting is receiving support from major political figures in Kentucky, with all of Kentucky’s neighboring states having either passed … Read more
Connecticut sportsbooks handled $54 million in sports wagers, much of which came from online wagers. The first month of Connecticut sports betting was the fourth-highest first-month wagering handle in the industry. Connecticut sports betting generated over $4 million in sports betting revenue despite only operating … Read more
Tennessee sportsbooks more than tripled their previous monthly betting handle record. October handle shows 185.5% increase from first month of active sports betting. NASHVILLE, Tenn. – In October, Tennessee sportsbooks handled the most money on sports bets in their history at $375.3 million. In September, Tennessee … Read more
The Sports Wagering Advisory Council (SWAC) in Tennessee has hired Mary Beth Thomas as the executive director. Thomas has addressed the 10% hold rate controversy, speaking in favor of the council’s position on the hold. The SWAC will take over Tennessee sports betting from the … Read more
Tennessee held a recent hearing on Tuesday to discuss the regulations of its sports betting market transferring to the Sports Wagering Advisory Committee (SWAC). During the hearing, sportsbooks discussed wishing to change the mandatory hold rule set by the legislation of the industry. There is … Read more
Tennessee is on the cusp of reaching $2 billion in handle within their first 12 months of having an operational sports betting industry. NASHVILLE, Tenn. – Since their online sports gaming market launched in November 2020, Tennessee residents have wagered over $1.5 billion in under … Read more
• The Tennessee Education Lottery (TEL) has informed three sports betting operators; two sportsbooks and one supplier, that their applications will be reviewed. • One of the potentially new sportsbooks is Penn National’s Barstool Sportsbook. • The TEL will review these applications on Tuesday at … Read more