by Daniel Borjas | Jan 3, 2020 11:41 am | Regulatory
Two restaurants want to open a sportsbook in Washington D.C. Both locations are aiming to offer mobile wagering without a retail sportsbook. D.C. sports betting is currently legal, but it is not active yet. WASHINGTON – Shaw’s Tavern and The Bottom Line have both...
by Michael Molter | Dec 31, 2019 11:05 am | Revenue
The total money wagered at licensed sportsbooks throughout 2019 broke the $11 billion mark. Over $750 million was kept by sportsbooks as revenue from bettors’ losing wagers. With mobile betting becoming standard, 2020 should see over $20 billion wagered. LAS VEGAS –...
by Michael Molter | Nov 30, 2019 8:43 am | Revenue
Nevada sportsbooks took in almost $550 million in legal sports wagers during October. Year over year, sports betting revenue increased by $100 million from legal sportsbooks. New sports betting handle and revenue records should continue to be set with mobile betting....
by Christina Monroe | Nov 10, 2019 10:30 am | Sports Betting
Grand Central in DC will soon have sports betting at the Grand Central Sports Bar. Newgioco Group will be the providers of the wagering platform for both the sports bar and Capo Deli. Newgioco is a very big company for Italian gaming but has since decided to branch...
by Michael Molter | Nov 4, 2019 1:04 pm | Revenue
Every state with legal sports betting taxes their sportsbooks’ revenue at a percentage ranging from 6.75% – 51%. While the majority of states only send tax contributions to their statehouse, others give to the cities or counties that host the books. Sports...
