Tag: Online sports betting

The Iowa Racing and Gaming Commission (IRGC) reported a year-on-year increase in sports betting handle and revenue during December.

Player spending in December amounted to $282.7m (£222.5m/€258.3m). This was 23.0% up from $229.9m in Iowa in December 2022 but 2.4% behind $289.7m in November 2023.

Of this total, $258.3m was spent betting on sports online, with a further $24.4m wagered at retail sportsbooks across Iowa.

Turning to revenue, this amounted to $26.3m in December, which was up 28.9% from $20.4m in the previous year and also 86.5% ahead of November’s $14.1m haul.

Online betting accounted for $23.6m of all revenue and retail wagering $2.7m.

Iowa players won a total of $256.5m from sports betting in December. The state was able to collect $1.8m in tax from wagering.

Diamond Jo Dubuque and FanDuel ahead of the pack in Iowa

Looking at individual operators, Diamond Jo Dubuque and partner FanDuel remain out in front in Iowa. Revenue from the partnership in December amounted to..

Sports betting handle and revenue fell year-on-year in Rhode Island in November, although there was a slight month-on-month rise in player spending.

Bettors spent $48.3m (£38.2m/€44.1m) on sports wagering in Rhode Island in November. This was 21.1% down from $61.1m in 2022 but 5.5% ahead of $45.8m in October 2023.

Of this total, $38.6m was wagered with online sportsbooks in Rhode Island. A further $9.6m was spent at retail locations at Twin River and Tiverton Casino. Twin River took $6.0m worth of bets in November and Tiverton Casino $3.6m.

Revenue slips to four-month low in Rhode Island

As for revenue, this amounted to $3.4m. Not only was this 30.6% behind $4.9m generated in November 2022 but also 24.4% less than $4.5m in October 2023.

The Rhode Island Lottery also noted the November total was the lowest monthly amount since $1.4m was reported in August 2023.

Online betting accounted for $2.6m of all revenue in November. Retail’s share amounted to $837,173, of which $488,920 cam..

Player spending on sports betting in New Hampshire increased month-on-month during November, but the $78.5m (£61.9m/€71.3m) wagered was less than the previous year.

Handle for November was down 15.7% from $93.1m in the same month last year. However, it was 2.0% ahead of October this year and the highest monthly total in New Hampshire for eight months.

Of the total wagered, $67.9m was bet online and $10.6m at retail sportsbooks across the state of New Hampshire.

Turning to gross gaming revenue, this amounted to $8.2m in November. This was 64.0% up from $5.0m last year but 5.8% behind October’s $8.7m haul.

draftkings holds exclusive sports wagering rights in new hampshire

Online sports betting accounted for $6.6m of all wagering revenue during the month. Retail betting generated the remaining $1.6m.

DraftKings remains the only operator offering online sports wagering in New Hampshire. It secured exclusive rights for the state in November 2019.

In terms of tax, the state took $3.6m..

Louisiana players wagered $356.5m (£282.1m/€325.8m) on sports during November, a new monthly record for the Pelican State.

The November handle surpassed the existing record high of $308.6m set in October 2022 by 15.5%. It was also 32.7% up from $268.6m in Louisiana in November last year.

Consumers spent $322.9m betting online during November and a further $33.5m at retail sportsbooks.

Revenue falls some way short of Louisiana record

louisiana’s november revenue fell short of october’s record total

While spending was higher, this was not reflected in the state’s monthly revenue figure. For November, revenue from online and retail wagering amounted to $19.4m.

This was significantly better than last year’s loss of $25.6m in Louisiana. The November 2022 loss was due to US businessman Jim “Mattress Mack” McIngvale winning several large bets on Major League Baseball’s World Series.

November’s revenue total was also 55.2% behind the October 2023 record of $43.3m.

Breaking down revenu..