by Zachary Kelley | Apr 20, 2023 6:00 pm | Revenue
Many states saw a record high in sports wagering handles during March of 2023. A sports betting study revealed that over 18 million more Americans planned to wager on March Madness than Super Bowl 57. LAS VEGAS – A handful of state’s monthly gaming revenue reports for...
by Jeremias Di Vico | Apr 6, 2023 2:44 pm | Sports Betting
Colleges around the country have begun cracking down on their sports betting sponsorships, with the University of Colorado ending their partnership and Michigan State staff signing a petition to follow suit. Concerns about student safety and secretive deal details...
by Jeremias Di Vico | Mar 8, 2023 8:58 am | Revenue
Between 2018 and 2023, U.S. sportsbooks have taken in over $200 billion in bets. New Jersey, Nevada, and Illinois are among the top contributors, thanks in part to their early legalization. Sportsbooks have only held onto less than 5% of revenue in only Kansas and...
by Jeremias Di Vico | Feb 28, 2023 5:46 pm | Regulatory
Kansas sportsbooks reported heavy losses following the Super Bowl win by the Kansas City Chiefs. Retail venues like the local casinos took the brunt of damage, reporting a -77.2% return on bets, online operators were better off but still lost nearly $13 million. This...
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%)....
