The sports betting handle in the U.S. has dropped significantly by 79% since February. All major sports leagues are still on hiatus which is playing a major role in the loss of sports betting revenue. UFC, NASCAR, and the NFL Draft have seen large betting handles, but it is not enough to fill the void … Read more
The state of Iowa had a 55.1% increase in sports betting revenue in March. Sportsbooks saw a decrease in traffic as sports continue to be shut down amid coronavirus outbreak. Online sports betting has accounted for the majority of the revenue stream. DES MOINES, Iowa – Despite the shutdown of sports caused by the COVID-19 … Read more
Rhode Island was on pace to meet yearly sports betting revenue estimates ($14.8 million) that were budgeted for. Readjusting their previous FY projections multiple times, Rhode Island has consistently overshot the number. COVID-19 might be the problem this year, or RI could receive a needed online boost from Massachusetts bettors. LINCOLN, R.I. – Although Rhode … 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
In their first year of legalized sports betting, New Jersey residents bet $3.2 million on sporting events and $2.4 million of those wagers came from their internet/mobile platforms. June 2019 showed that 83% of all sports wagers done in the state of New Jersey were done online while only 17% occurred at sports betting locations. … Read more