by Michael Molter | Aug 12, 2019 2:48 pm | Revenue
Twin River Worldwide Holdings has over $383 million in cash and cash equivalents at the time of reporting. To end July, the company executed their capital return program, funded from cash on hand. Purchasing more casinos about the country, Twin River is operations in...
by Michael Molter | Jul 27, 2019 5:12 pm | Revenue
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 Q3....
by Michael Molter | Jul 20, 2019 9:07 pm | Revenue
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...
by Michael Molter | Jul 11, 2019 2:24 pm | Sports Betting
Betting action has surpassed $9 billion since May 2018 – when PASPA was repealed by the Supreme Court.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...
by Michael Molter | Jun 28, 2019 9:19 am | Revenue
Since PASPA was repealed, over $9 billion has been wagered at legal, state-licensed sportsbooks. Nevada has seen New Jersey take in more revenue in three of the first twelve months of post-PASPA sports betting. Every state (except New Jersey and Pennsylvania) posted...
