by Christina Monroe | Apr 19, 2020 11:51 am | Regulatory
A new bill, PA SB 1117 would use all sports betting revenue in Pennsylvania to help with property taxes while the commonwealth is shut down due to COVID-19. The gambling on sporting events market in Pennsylvania has seen much lower revenue numbers than usual due to...
by Carter Floyd | Apr 17, 2020 10:13 am | Revenue
Pennsylvania sports betting revenue increase from $4.7 million to $6.9 million from February to March. At the same time, handle decreased by over 60%, down to just $131.3 million. The financial future of sportsbooks across the country, including Pennsylvania, is in...
by Carter Floyd | Apr 15, 2020 10:33 am | Regulatory
Virginia Gov. Ralph Northam sent recent sports betting bills back to the state Legislature with proposed amendments that would increase licensing fees for sportsbooks. The most impactful change would require a $50,000 background check fee for all “principals” of a...
by Christina Monroe | Apr 8, 2020 3:45 pm | Revenue
Sportsbooks have been accumulating losses in profits due to the Coronavirus and professional sports being suspended worldwide. Each operator protects the funds of their customers differently and sports bettors should know if their money is being protected if these...
by Hasan Nabulsi | Apr 5, 2020 11:33 am | Political Betting
The 2020 Presidential Election is seven months away and sportsbooks have listed odds on which candidate will win in the Electoral College vote of the election. Swing states are notorious for having a big influence on the outcome of an election which is why candidates...