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,...
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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...
US Gambling Industry Extends Quarterly Revenue Streak
In the first quarter of 2024, the US Gambling industry recorded $17.67 billion. This is the 13th straight month that the country has beat its previous record in gambling revenue. This includes all US retail casinos, sportsbooks, as well as online casinos and online...
Ohio Sportsbooks Break $4 Billion Handle Record in 2023
Much of what you will read in gambling industry news point towards the slow months. But as we are about to turn back into a busy season with football, we are getting better news. For instance, according to the latest report from the Ohio Casino Control Commission,...
Sports Betting in Kentucky Begins in September
In the latest iGambling industry news, sports betting in Kentucky begins in September, and there are a lot of operators who are interested in joining the market. According to the Knetucky Horse Racing Commission, they already have in hand applications from online...
Louisiana Sports Betting Handle Drops in June
In the latest gambling industry news, the Louisiana sports betting handle drops to only $160 million in the month of June. According to the Louisiana Control Board’s report, the handle falls by 17.3% month-on-month. The drop in handle is similar to what we are seeing...
Ohio Sportsbooks See Decline in Handle This May
May proves to be a trying month for the sports betting industry in the US, as Ohio sportsbooks continue to see a decline in the sports betting handle. According to the latest report from the Ohio Casino Control Commission, sportsbooks in the state are in the second...