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.
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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.
June is proving to be a great month for the recovering sports betting industry. As more and more sports events resumed, more bettors returned to their favorite sports betting software to bet online. In a time when the estimates on how the sports betting industry can recoup are set low, New Jersey continues to surprise many. Their local sports betting industry is more resilient than ever. In fact, the sports betting revenue for the state so far in 2020 is moving at the same pace as it was in 2019. Let’s take a look at New Jersey’s sports betting revenue data.
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A lot of bookies using PricePerPlayer.com are seeing an increase in action in their respective sportsbooks. We are seeing a lot of professional sports leagues announcing season schedules, as well as other international sports events resuming and rescheduling their matches. And while athletes around the world are busy getting back into shape, some popular sports stars are testing positive for the coronavirus. For instance, we’ll take a look at the coronavirus and tennis, and what it means for the sports betting industry.
The sports betting industry is gearing up for an anticipated increase in demand for sports wagering as sports leagues are slowly restarting their seasons. The top sports leagues in the US, such as the NBA and the MLB, will be back in the next few weeks. Coupled with the accessibility of gambling software and a very excited customer base, sports gambling demand will be increasing this July.
California has a pending bill, SCA 6, that plans to allow voters to decide if they want sports betting to be legalized in the state. The bill is one of many that the Senate Appropriations Committee will be discussing this week. However, the bill’s author. Sen. Bill Dodd, plans to pull his bill. Which means that we might not see a sportsbook industry in California. At least, not in the next couple of years.