by Evan Thornton | Feb 3, 2022 12:31 pm | Revenue
Virginia sportsbooks handled over $3.2 billion in sports wagers across 2021. November was the most profitible month for sportsbooks, who pulled in $48.3 million in profit. 97.5% of all taxes made from sports betting is allocated to the General Fund with the rest going...
by Jerad Paparella | Jan 20, 2022 3:05 pm | Legal
Since Michigan launched state-regulated online sportsbooks on January 22, 2021, the state has grown into one of the top sports betting markets in the United States. Virginia first launched sports betting on January 21, 2021 – since, the state became the quickest...
by Jerad Paparella | Jan 2, 2022 7:23 am | Legal
Nine states launched their legal sports betting industry in 2021, nearly a third of all states that have legalized and regulated a sports betting industry in the United States. Several states witnessed a large increase in sports betting revenue, handle, hold rate, and...
by Evan Thornton | Dec 21, 2021 12:35 pm | Revenue
Only five states have handled more than $5 billion in total sports wagers so far. Colorado is most likely to be the sixth state to have handled a total of more than $5 billion Michigan residents bet almost $1 billion in only two months near the end of 2021. LAS VEGAS...
by Evan Thornton | Dec 2, 2021 3:46 pm | Revenue
Connecticut sportsbooks handled $54 million in sports wagers, much of which came from online wagers. The first month of Connecticut sports betting was the fourth-highest first-month wagering handle in the industry. Connecticut sports betting generated over $4 million...