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...
by Jerad Paparella | Apr 22, 2022 3:04 pm | Legal
This morning, South Carolina representatives Herbkersman and Rutherford introduced a bipartisan sports betting bill; it has been sent to the House Judiciary Committee. Under the bill, up to 12 mobile sportsbooks would be available in South Carolina, and cryptocurrency...
