by Michael Molter | Jan 31, 2024 9:14 am | Sports Betting
Buy FLUT in its entrance to the American stock market. Hold DKNG but get back in if a mass sell off happens. CZR is a sell due to their inflated price. PHOENIX – With the 2024 stock market being a month old, it’s time to give some gambling stock...
by Michael Molter | Jan 24, 2024 5:16 pm | Revenue
Sportsbooks in New Jersey kept over $1 billion from their near $12 billion handle. Parlays represented 25% of NJ’s sportsbook intake but over 50% of their revenue. Basketball ($2.68 billion) beat out football ($2.30 billion) as the sport with the most money bet...
by Michael Molter | Jan 3, 2024 12:05 pm | Revenue
With over 30 reports still outstanding, the current US betting total for 2023 is $102.5 billion. Over $90 billion of that was won back by bettors across America. Tax contributions from sportsbooks closed in on $1.8 billion for the year. New York’s tax rate proves the...
by Zachary Kelley | Oct 17, 2023 4:31 pm | Revenue
New Jersey recorded $1.29 billion in sports betting handle for September. The $111.1 million in gross sports wagering revenue marks a 13.4% increase from Sept. 2022. Online sports betting made up 96.6% of September sports wagers in New Jersey. TRENTON, N.J. – New...
by Zachary Kelley | Aug 24, 2023 7:30 pm | Revenue
The total legal US sports betting handle surpassed the $250 billion mark in 2023. New Jersey is the biggest contributor to the milestone, making up 15.78% of the total handle. Ohio and Massachusetts launched earlier this year, adding two major markets to continue...
