The Pennsylvania gambling market experienced significant growth in August. Both sports betting and iGaming enjoyed a boost in handle and revenue. Sportsbooks record a 48.4% increase in gross gaming revenue compared to the same month in 2023. Meanwhile, the total...
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Pennsylvania Sportsbooks Record 12.7% Hold Rate in July
Sports betting in the Keystone State was very active for the month of July. It was also quite profitable, with Pennsylvania sportsbooks recording a 12.7% hold rate. Sportsbooks ideally should have a hold rate or win rate in the double-digit range. The higher the rate,...
New York Sportsbooks See Lowest Weekly Handle of the Year
If you read a lot of bookie news and updates, you will be getting a lot of reports on sports betting markets across the country. In recent weeks, you will have read about the drop in betting activity in most markets across the US. The Empire state is not exempt from...
New York Sportsbooks See Second-Highest Weekly Handle Record
In the latest gambling industry news, we yet again take a look at one of the largest sports betting markets in the country- New York. According to the latest report from the New York Gaming Commission, New York sportsbooks took in $529.5 million in the week ending...
Supreme Court Denies Stay Request in Florida Sports Betting Case
If you have been keeping track of the development of Florida sports betting and all of the legal issues, then you either have a headache, or are about to get one. While betting software development companies are out with the latest innovations to offer the sports...
Pennyslvania Sportsbooks Report Higher Betting Handle in September
In the latest report from the Pennsylvania Gaming Control Board, Pennsylvania sportsbooks are reporting a higher betting handle in September. The total betting handle for the month sits at $726.3 million, giving us a whopping 85% month-on-month increase. The...
Louisiana Sportsbooks See More Sports Betting Activity in August
In the latest gambling industry news, the Pelican state is starting to see better sports betting activity as Louisiana sportsbooks report a higher monthly handle in August. The total monthly betting handle for the state is at $153.9 million for August. This gives us a...