by Michael Molter | Jan 31, 2025 10:43 am | Revenue
Colorado sportsbooks collected over $443 million in revenue after paying the state nearly $32 million in tax benefits during 2024. After seeing $5.1 billion in bets for 2022 and $5.5 billion for 2023, Colorado bettors broke the $6 billion marker in 2024. DENVER...
by Michael Molter | Jan 30, 2025 2:42 pm | Revenue
Basketball was the most bet on sport in Vermont for 2024. The first year of action saw VT sportsbooks collect nearly $200 million from sports bets. The State of Vermont received over $6.3 million in sports betting taxes from Year 1. Tennis saw a high percentage of...
by Michael Molter | Jan 15, 2025 12:24 pm | Revenue
New York sportsbooks recorded $22.70 billion in sports bets accepted during 2024. This equated to $2.05 billion in sportsbook revenue before paying taxes to the state. Bettors won over $20.65 billion while New York claimed $1.04 billion in tax benefits. New York...
by Michael Molter | Dec 23, 2024 10:11 am | Revenue
Pennsylvania, Michigan, and many states in the South are breaking records for the amount of money bet on sports in their area. NEW ORLEANS – As 2024 draws to a close, several states with legal sports betting are celebrating record-breaking milestones in their betting...
by Michael Molter | Dec 11, 2024 10:19 am | Revenue
Iowa sportsbooks have given over $50 million to the State of Iowa because of sports betting taxes. Beating expectations for Fiscal Year 2023, we estimate the production for FY 2024 will be even higher. Since launch, Iowa sportsbooks have taken in over $10 billion in...
by Michael Molter | Dec 10, 2024 1:25 pm | Revenue
New Yorkers have wagered over $18.1 billion on sports in 2024 through October. If numbers hold steady, NY sportsbooks will have made over $1 billion throughout 2024 after paying taxes to the state. NEW YORK – New Yorkers are poised to set a jaw-dropping milestone in...