by Robert Jones | Apr 18, 2021 10:28 am | Revenue
The total sports betting handle in New Jersey for March was $859.6 million. New Jersey made $7.8 million in tax revenue from sports betting during March. The internet sports wagering handle for New Jersey was $780,145,392 fueled by March Madness betting. TRENTON, N.J....
by Giovanni Shorter | Mar 25, 2021 11:06 am | Sports Betting
An Alabama Crimson Tide betting fan placed $451,000 on Alabama to cover the -6 spread against the UCLA Bruins in the Sweet Sixteen. Alabama saw a $330,000 wager for them to cover the spread against the Maryland Terrapins. March Madness has seen more action than Super...
by Giovanni Shorter | Feb 13, 2021 11:52 am | Sports Betting
March Madness was canceled in 2020 due to the COVID-19 pandemic. Multiples states launched legal sports betting markets in 2020. Super Bowl 55 was the most wagered on Super Bowl in history. INDIANAPOLIS – This year’s March Madness Tournament has the potential to...
by Giovanni Shorter | Dec 12, 2020 1:00 pm | Sports Betting
Betting on the number one ranked team to win the NCAA Men’s Basketball Tournament has consistently been a bad bet. Underdog bettors have cashed in big during March Madness. The last time a number one ranked school won the tournament was Kentucky in 2012. INDIANAPOLIS...
by Carter Floyd | Mar 19, 2020 10:59 am | Sports Betting
Pennsylvania handled nearly $330 million in total bets in February but earned only $11.4 million in gross revenue—a hold percentage of 3.47%. This figure is disappointing for Pennsylvania sportsbooks, and there is no clear reason for the decrease. With March Madness...
