by Michael Molter | Dec 7, 2024 7:17 am | Sports Betting
The average hold rate in Nevada averaged 5-7% before 2018. Since nationwide regulation, sportsbooks now keep 9.7% of every dollar bet. This increase easily links to parlay promotions and advertising. Some states are seeing nearly 70% of their monthly revenue come from...
by Michael Molter | Aug 27, 2024 11:54 am | Sports Betting
New studies show that Americans are withdrawing from their investment portfolios to have more liquid funds for sports betting. NEW YORK – Over the past few years, the expansion of legalized sports betting across the United States has painted a stark picture of its...
by Giovanni Shorter | Apr 19, 2022 3:06 pm | Revenue
New Jersey sportsbooks saw $1.1 billion bet on sports in March 2022. More than 90% of the total handle came from mobile and online sportsbooks. March Madness betting carried the market, with over 17 million basketball bets in March. TRENTON, N.J. – New Jersey sports...
by Evan Thornton | Apr 12, 2022 10:26 am | Revenue
Indiana residents wagered more than $476 million on sports in March Indiana’s March sports betting handle increased 50.5% year-over-year The majority of March’s sports betting revenue came from March Madness wagers. INDIANAPOLIS – The regulated...
by Evan Thornton | Apr 11, 2022 11:06 am | Revenue
Illinois residents only wagered $679.4 million on sports in February. Sportsbooks made in February just over half of the revenue that they did in January. SPRINGFIELD, Ill. – The regulated Illinois sports betting market saw a significant dip in both handle and...