The next few steps in the launch of a sports betting and online gaming market in Michigan is for the public hearings. This is where they can discuss certain rules pertaining to the sports betting law. The hearing on Michigan sports betting rules will tackle a lot of topics. Some of which are gaming measures Read more about Public Hearing on Michigan Sports Betting Rules Begins[…]
Virginia’s lawmakers passed their sports betting bill into law last April. Since then, Governor Northam’s approval plus the Lottery Commission’s work on creating regulations is ongoing. Currently, the regulations are already made. Virginia pushes through with speeding the process of legalizing sportsbooks. The caveat: it comes with consumer protections, including a Bettors Bill of Rights. Read more about Virginia Pushes Through with Legalizing Sportsbooks with Unique Bettors Bill of Rights[…]
West Virginia’s sports betting industry is up 155%, comparing July to August’s betting handle. But the last week of August’s numbers set a new record at $13.6 million. Now, West Virginia gets a boost in betting as their handle for the month is at $40.4 million. Much of gambling news shows an upward trend in Read more about West Virginia Gets a Boost in Betting for August[…]
Majority of the states that offer sports betting are seeing negative year-on-year numbers when it comes to both handle and revenue. It is, after all, still somewhat difficult to return to 100% given that the pandemic is far from over. Instead, we are seeing a huge shift in betting channels. With retail casinos and sportsbooks Read more about Rhode Island Sports Betting Handle More Than Doubles in July[…]
July is the month where most sports betting markets across the world are seeing a markedly good increase in handle and profit. In the US alone, hundreds of millions are being wagered for the month, with promise of even better numbers for August. Nevada’s July handle is improving, but it is still not as good Read more about Nevada’s July Handle is Improving, but the NJ and PA Sportsbook Industry are Doing Better[…]
The NBA is entering the playoffs, and the MLB is well into the season as well. The sports industry is busy catching up on the losses from the first half of the year, and so is the sports betting industry. A lot of people are focused to find the right sportsbook pay per head as Read more about Bookie News: Tennessee Sports Betting Market Could Open in Time for NFL[…]
Indiana’s sports betting industry is showing signs of improvement in July. The Indiana betting handle for July shows a 138% increase if we compare it to June’s handle. Many Bookie PPH providers are seeing their bookies rebounding over the past two months. But with many sports seasons returning this July, and in early August, July’s numbers have been exceptional.
A lot of states are forming policies that can help them address fiscal deficits due to the coronavirus pandemic. It has also helped states fast-track the legalization of sports betting in certain states. For others, it has allowed easier access to sports betting via betting software as opposed to venturing out to retail sportsbooks. However, the Massachusetts Senate removed sports betting in its economic development bill. Their House has other ideas, and are including sports betting in its economic development bill. The catch? Massachusetts wants and Integrity fee in sports betting.
Colorado is one of the newest states to offer regulated sports betting in the US. Its local betting market opened last May 1. During its first month, the local retail sportsbook, plus 6 online sports betting platform operators had $25.62 million, with $0.94 million in net revenue. These numbers are pretty low when we compare them to the launch of other states in the US. Considering their first month was during a pandemic where much of the sports world was shut down, the Colorado sportsbook industry have pretty good numbers.
The Oklahoma Supreme Court’s latest ruling on the gaming compacts between Governor Kevin Stitt and local tribes is not favorable for the local gambling market. The compacts signed by Gov. Stitt and the Otoe-Missouria as well as the Comache Nation are invalid. Which basically means that sports betting is still not legal in Oklahoma.