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Record-Breaking Sports Betting in Indiana Despite Lower Profits

Sports betting in Indiana shattered its betting records in October as residents placed $537.9 million in bets, surpassing the previous high of the $513.7 million handle set back in November 2023. This 25.2% year-over-year increase marks the fifth time the...

Sports Betting in The US Thrives as Football Season Begins

The return of NFL and college football in September brought a significant boost to most, if not all, betting markets across the US. In our latest gambling update, let us take a look at the reports from several states as we look at how popular and lucrative sports...

Pennsylvania Gambling Market Jumps in August

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...

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...

Massachusetts Sportsbooks Maintain 9 Month Handle Streak

Massachusetts, a state known for its successful sports franchises, continues to see robust growth in its sports betting market. Since its launch in January 2023, the industry has flourished, mirroring the state’s championship-winning teams like the Boston...

Nevada Sportsbooks See Decrease in Betting in April

If you want to learn how to start a sportsbook, make sure you also keep up with the latest in the sports betting industry. By knowing and understanding market behavior, trends, and more, you will know how to analyze your own sportsbook. This is very important in the...

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...

WPT Global Announces WPT Global Spring Festival Event

If you want to win big in poker, you need to start learning how to play poker. Then, you need to start practicing to compete, as you can join events like the WPT Spring Festival and share in with the $7 million prize pool. Here are the details of the upcoming WPT...

Arkansas Casino Industry Takes Unique Approach to Legalize Online Gambling

Six years ago, Arkansas legalized the expansion of gambling in the state. Aside from adding brick-and-mortar casinos, they also allowed both retail and online sports betting. Online poker was also allowed. However, the law is quite vague when it comes to online casino...

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Why the NBA is Doing Better Than the MLB

Why the NBA is Doing Better Than the MLB

The sports world is back and ran straight into business. After months of planning and negotiating, they are finally back. Even though seasons have been shortened, and some rules have changed, the games are still as exciting as ever. In fact, the betting action on these events are really high. Who could blame the betting fans? With all the changes happening, the lines you see at software sportsbook sites and apps offer good value for your money. But some sports leagues are doing remarkably better than others. And from what we have been seeing, the NBA and the MLB are on opposite sides of the spectrum. Let’s find out why the NBA is doing better than the MLB.

Senate Removes Massachusetts Sports Betting Amendment

Senate Removes Massachusetts Sports Betting Amendment

We are reading a lot of updates on how US states are embracing sports betting as a way to generate revenue for the state, especially those who are hard hit by the coronavirus. And as gambling industry news analysts were expecting, Massachusetts legislators still do not want to use sports betting to generate income for the state’s coffers. And just like that, any chance of seeing a Massachusetts sports betting industry this year is gone.

Teams to Watch Out for in the NBA Restart

Teams to Watch Out for in the NBA Restart

After a long pause in sports, we are finally seeing our favorite professional sports leagues return. This time around, we’ll only be able to watch them, as live audiences are prohibited in almost all of the upcoming sports events. In the case of the NBA, its restart will be in a Bubble- all of its games up to the finals will be held in Florida. And if you are looking for software for sportsbooks so you can earn money from NBA betting, you better hurry, because the NBA restart begins July 30.

Louisiana Residents Will Now Be Able to Bet on Fantasy Sports

Louisiana Residents Will Now Be Able to Bet on Fantasy Sports

Governor John Bel Edwards signed a bill where Louisiana residents will now be able to bet on fantasy sports. Daily Fantasy Sports, or DFS, will have an 8% tax rate for the state. A lot of residents and sports bettors are relieved to see this finally be approved. Back in 2018, residents in 47 out of 64 parishes voted for DFS to be legalized. DFS is one of the growing betting industries that shows potential for good revenue, according to sportsbook pay per head experts.