by Michael Molter | Oct 17, 2022 4:47 pm | Revenue
Hold rates in September are always high but three top producing states are showing historically high hold rates. This means bettors aren’t winning well, giving more money to the sportsbooks and local governments. NEW YORK – As the fall returns, so does...
by Brett Crown | Sep 28, 2022 1:15 pm | Regulatory
Vermont legislators have recently released a report that identifies the six key decision points in establishing sports betting. On top of having to establish rulings on six points, Vermont legislators have founded a Sports Betting Research Committee that is...
by Michael Molter | Sep 13, 2022 1:04 pm | Revenue
New York is the fifth state to break the $10 billion total betting handle marker. October could be the first month that any state breaks over $2 billion handled in a month. GeoComply data suggest New York would be the first to do so. NEW YORK – New York...
by Michael Molter | Sep 8, 2022 11:16 am | Revenue
States like Colorado have explicit instructions on where sports betting taxes go. Other states just link all sports betting taxes to their general fund. This includes funding for education programs, infrastructure, and problem gambling help. LAS VEGAS – Since...
by Michael Molter | Aug 31, 2022 10:49 am | Revenue
Pennsylvania, Illinois, New York and New Jersey have contributed over $1 billion to local governments from sports betting taxes. Nevada sports bettors hold the best win rate (5.65%), while Montana sportsbooks see bettors lose at the US’s worst rate (13.5%)....
