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...
Ontario Sports Betting and iGaming Industry Marks Two Years of Operations
In the latest gambling industry news, we are going further north to see how sports betting and online gambling is faring. In the US, there are 38 states that offer sports betting, while 7 states offer iGaming. Ontario, meanwhile, was the first province in Canada to go...
Louisiana Joins Ban on College Player Prop Betting in the US
In the latest gambling industry news, we are taking a look at one of the states that will join the ban on college player prop betting in US sportsbooks. The NCAA has been vocal in their request to ban betting on player prop bets. Louisiana will be implementing this...
Arizona Sports Betting Market Sees Almost $700 Million in Betting Handle in January
In our latest online gambling news, the Arizona sports betting market sees almost $700 million in bets this January. The $706.4 million handle is much higher than December 2023’s $693.3 million. In addition there is good annual growth in handle as well with a 19.5%...
Football Boosts Revenue in Nevada Sportsbooks This January
Any sports betting site in the US would say that football is the most popular and lucrative sport in their portfolio. With the NFL and NCAA Football tournaments, bookies can stand to earn a lot on these two leagues alone. And this is made clear as football boosts the...