Delaware totaled $28.5 million in iGaming handle in April and collected $856,000 in revenue, easily the highest respective totals in state history. Delaware is one of only four states to offer fully legal online casino gambling, putting it in an ideal position to weather the storm of the COVID-19 crisis. While the increased handle and … Read more
Virginia is now the second state to legalize sports betting in 2020, after Washington. New sports betting legislation goes into effect beginning July 1. The Virginia Lottery Board can grant as many as 12 total sports betting licenses and must approve at least four of these licenses by September 15. Virginia also passed another bill … Read more
The New York Giants select fourth overall in the 2020 NFL Draft, and Iowa offensive tackle Tristan Wirfs could be their preferred selection. Wirfs has more physical upside than nearly every prospect in the draft and he fills a big positional need for the Giants. The Giants also might look to select a defensive standout … Read more
In March, Indiana recorded its second-lowest monthly sports betting handle and its lowest monthly revenue total on record. Handle decreased over 60% and revenue decreased over 50% from February. Because of the widespread sports shutdowns caused by COVID-19, Indiana sportsbooks had only 11 full days of operation. The sports world is shut down indefinitely, so … Read more
Michigan sportsbooks collected $105,548 in revenue after launching in mid-March. The launch lasted only five days before the COVID-19 pandemic forced casinos to shut their doors and suspend operations. There is no firm timeline for when sports will resume play or when casinos will reopen. Although it was a small sample size, Michigan’s five-day launch … Read more
Italian FA Cup President Gabriele Gravina has proposed putting one percent of Italian sports betting revenues into a relief fund for Italian soccer clubs suffering during the COVID-19 crisis. If enacted, his proposal would grant the Italian Football Federation over €100 million in relief. With so many areas of life being so heavily impacted by … Read more
Nevada sportsbooks earned $34.9 million in revenue on $466.3 million in bets during February. New Jersey earned only $16.9 million in revenue on $494.8 million in bets during the same time frame. Nevada likely profited from a high volume of losing Super Bowl bets, while New Jersey lost money on a large number of winning … Read more
Washington Governor Jay Inslee signed a sports betting bill into law on Wednesday, after an emergency provision was added to it to bypass voter referendum The law authorizes tribal casinos in Washington to apply for licenses to operate sportsbooks but does not extend that privilege to nontribal casinos or out-of-state operators. A Nevada-based gaming company … Read more
888 Casino has posted strong numbers in 2020 so far and expects to see continued financial success despite the COVID-19 pandemic. Even with drastically reduced sports betting activity, 888 has seen continued success during the pandemic because of increased poker and casino play. Sports betting accounts for only 16% of 888’s revenues, so other companies … Read more
Michigan State are favorites to win the Big Ten tournament at +225 The Big Ten’s depth has been impressive, and a majority of teams in the conference have a realistic shot of winning the tournament. Wisconsin, Maryland and Michigan State all tied for the regular-season conference title. Purdue, Ohio State, Michigan and Iowa are all … Read more