by Evan Thornton | Feb 3, 2022 12:31 pm | Revenue
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...
by Jerad Paparella | Jan 28, 2022 4:39 pm | Legal
Byron Freeland, council for the Arkansas Racing Commission, removed the commission’s proposed sports betting rules from the Legislative Council’s agenda on Wednesday. The move will delay Arkansas’ mobile sportsbook launch by a considerable length of time, with a...
by Jerad Paparella | Jan 13, 2022 10:49 am | Legal
Oklahoma Representative Ken Luntrell filed HB 3008 – a bill that would allow for sports betting at the state’s tribal facilities – on Monday. Rep. Luntrell reports that there were several recent illegal sportsbook busts in Oklahoma, and that legalizing...
by Jerad Paparella | Jan 3, 2022 2:16 pm | Legal
The Arkansas Racing Commission approved a new set of rules on Thursday that will allow mobile sports betting if approved by the Arkansas Legislative Council on January 28. Conservative estimates project a potential three-fold increase from the $1.2 million in state...
by Jerad Paparella | Jan 2, 2022 7:23 am | Legal
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...
