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 Brett Crown | Aug 11, 2022 10:24 am | Sports Betting
States are beginning to recognize how much promotions are costing them in taxes and beginning to ban sportsbooks from using them as tax write-offs. Promotions have hurt the sportsbooks themselves as well, with many of the top brand’s stock prices plummeting as a...
by Giovanni Shorter | Jul 6, 2022 1:34 pm | Revenue
Arizona sportsbooks reported $513 million wagered in April 2022, bringing its lifetime total to over $4 billion. Tennessee also surpassed $4 billion in bets all time after reporting $261 million in May. New York handled over $7 billion in only five months of activity....
by Giovanni Shorter | Jun 3, 2022 1:46 pm | Sports Betting
Nevada sportsbooks saw $582.5 million in wagers for April 2022. While this is a major drop compared to March, this is up 28.1% year over year. Pennsylvania reported $572.8 million in bets with over 90% of the wagers coming from online operators. Virginia sportsbooks...
by Brett Crown | May 3, 2022 11:39 am | Revenue
Virginia sportsbooks took in a near-record handle in March 2022. March Madness bets in Virginia may have accounted for a large portion of bets. RICHMOND, Va. – Online sportsbooks in Virginia did well for themselves in March 2022, recording the second-highest...
