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
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
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
With sportsbooks having different suppliers and operators, betting lines won’t be the same at every sportsbook. Because sportsbooks are open to varying tax rates from their state government, they may pass this onto the gamblers. Offshore sportsbooks help in finding betting odds that are more reasonable when local matchups are happening. TALLAHASSEE, Fla. – Now … Read more