by Michael Molter | Oct 4, 2022 12:58 pm | Revenue
Sportsbooks posting the highest hold percentages are found in states without mobile sports betting. But, states with mobile-only sports betting aren’t seeing better bettors across the US industry. States with professional sports teams could play more of a factor...
by Michael Molter | Jul 26, 2022 2:33 pm | Revenue
New York has reported six straight months of a $1b million handle. Arizona surpassed $4 billion in under a year’s time. Without many mobile sportsbooks, a few states have yet to reach the $1b billion level. PHOENIX – Over four years since the repeal of...
by Giovanni Shorter | Jun 30, 2022 12:45 pm | Regulatory
HB 384 was signed into law, classifying sports betting funds as properties and giving Louisiana the right to claim unclaimed betting funds. The funds will be added to the unclaimed property fund, the same as any other unclaimed items after a time. This qualifies for...
by Jerad Paparella | Apr 19, 2022 11:32 am | Revenue
Sportsbooks in Louisiana generated over $30.1 million in revenue in March on a handle in excess of $232.7 million, the strongest all-around month on record for Louisiana. Online sportsbooks had an uncharacteristically high 13.8% hold rate, indicating that luck played...
by Jerad Paparella | Apr 12, 2022 1:09 pm | Legal
Kentucky’s sports betting bill, HB 606, has already passed through the Kentucky House of Representatives by a convincing 58-30 vote. Despite passing relatively easily in the House, the bill has hit a roadblock in the socially-conservative Kentucky Senate, where views...
