Arizona sportsbooks reported $513 million wagered in April 2022, bringing its lifetime total to over $4 billion. Tennessee also surpassed $4 billion in bets all time after reporting $261 million in May. New York handled over $7 billion in only five months of activity. NEW … Read more
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 saw … Read more
Virginia sportsbooks took in a near-record handle in March 2022. March Madness bets in Virginia may have accounted for a large portion of bets. RICHMOND, Va. – Online sportsbooks in Virginia did well for themselves in March 2022, recording the second-highest since the state legalized … 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
“Virginia is for bettors” ad is being fined $50,000. SB96 was introduced after the betting advertisement campaign began. RICHMOND, Va. – There has been a hiccup in the Virginia sports betting market with an advertisement under fire for alleged infringement on another advertisement. The Virginia … Read more
Virginia sportsbooks handled over $401.9 million in sports bets. More than $33 million of the total handle came from Super Bowl bets. Virginia players won over $374.4 million in February Virginia broke $4 billion in total gross sports betting handle. RICHMOND, Va. – Virginia’s regulated … Read more
Virginia’s January sports betting handle saw a record-breaking $485.5 million handle. Sportsbook revenue in January beat its year-over-year record, but was not overall record-breaking. RICHMOND, Va. – Virginia’s regulated sports betting market has been active for a little over a year now, and with January’s … Read more
Virginia may see the ability to bet on college games thanks to new bill SB 576. Arizona is trying to expand the available operator licenses from 10 to 20. RICHMOND, Va. – New game-changing legislation could expand sports betting in both Arizona and Virginia if … Read more
Virginia sportsbooks handled over $3.2 billion in sports wagers across 2021. November was the most profitible month for sportsbooks, who pulled in $48.3 million in profit. 97.5% of all taxes made from sports betting is allocated to the General Fund with the rest going to … Read more
Since Michigan launched state-regulated online sportsbooks on January 22, 2021, the state has grown into one of the top sports betting markets in the United States. Virginia first launched sports betting on January 21, 2021 – since, the state became the quickest in the United … Read more
Nine states launched their legal sports betting industry in 2021, nearly a third of all states that have legalized and regulated a sports betting industry in the United States. Several states witnessed a large increase in sports betting revenue, handle, hold rate, and tax contributions, … Read more
Only five states have handled more than $5 billion in total sports wagers so far. Colorado is most likely to be the sixth state to have handled a total of more than $5 billion Michigan residents bet almost $1 billion in only two months near … Read more