Industry
Sportsbooks Win Big Thanks to Packers, Texans Wild Card Upsets in NFL Playoffs
By: Grant MitchellThe expectation is that the increase in bets will continue through the Super Bowl, which the American Gaming Association estimated last year produced over $16 billion in bets from 50 million Americans. If future results match last weekend’s, it will be a profitable year for the books.
01/16/2024
IndustryNick Saban’s Retirement to Inspire Sports Betting Change in the South?
By: Grant MitchellSaban was not only responsible for leading his teams to six national championships, but he completely changed the economics of the University of Alabama and the state itself. His departure will lead to an inevitable power shift within the region across multiple industries.
01/11/2024
IndustryFanDuel, Gronkowski’s “Kick of Destiny” Returns for 2024 Super Bowl
By: Grant MitchellLast year, FanDuel users could win a share of $10 million in bonus bets as long as Gronk attempted the field goal. This time, users must pick in their mobile sportsbook app whether or not the four-time Super Bowl champion will split the uprights or push his kick wide.
01/09/2024
IndustryNew York Reports Record Setting Online Sports Betting Returns in 2023
By: Grant MitchellThe New York State Gaming Commission revealed in its final report for 2023 that the state generated more than $1.69 billion in gross gaming revenue (GGR) from more than $19 billion in sports bets which resulted in $861 million in tax funding for the state.
01/08/2024
IndustryNorth Carolina Receives Seven Online Sports Betting License Applications
By: Grant MitchellNorth Carolina legalized the expansion to online sports betting in 2023 with a law that will go into effect on Jan. 8. The state expects to launch the newly-expanded market by June 14 but has not provided an official date, though that date is not expected to fall before the Super Bowl.
01/04/2024
IndustryWhat to Expect from NFL Betting During the Playoffs and Super Bowl LVIII
By: Grant MitchellOf the nine teams that have clinched playoff berths, five are from legal sports betting jurisdictions, and of the 11 that are still alive for a spot, eight are from states with a legal sports betting market.
01/03/2024
IndustrySuper Bowl LVIII Helping Las Vegas Grow as a Sports (Betting) Giant
By: Grant MitchellNevada's largest city has long been the epicenter for high-roller wagering and lavish festivities. However, its multi-layered commitment to growing its sports culture has put it in a powerful position amid the dominant rise of American legal sports betting.
01/02/2024
IndustryUS Sports Betting - A $100 Billion Industry in 2023
By: Shauli Zacks2023 was a record setting year for sports betting with over a $100 billion handle, more than a 7.2% increase from 2022. Ohio and Massachusetts posted impressive numbers in their 1st year, and New York proved to be the best state in terms of monthly handle.
12/27/2023
IndustryFanatics Sportsbook Looking To Expand to More Markets in 2024
By: Shauli ZacksAfter purchasing PointsBet US Sportsbook, Fanatics is positioning itself to become a major player in the US mobile betting industry. They plan on using all their extensive resources from their other brands to entice players to register to bet with them.
12/26/2023
IndustryU.S. Sports Betting Markets Surpassess $100 Billion in Wagers in 2023
By: Grant MitchellAs the national handle increased, so too did legal sportsbooks’ revenues. Online and retail operators combined to generate $16.2 billion in gross gaming revenue (GGR) in Q3 2023, a 6.7% improvement on Q3 2022.
12/21/2023
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