Tag: Retail sports betting

Sports betting handle in Iowa increased 21.4% year-on-year to $209.5m (£167.2m/€194.5m) in April, while the state also reported higher revenue for the month.

Player spending in April is comfortably clear of the $172.6m wagered in Iowa in the same month last year. However, the April total fell short of March’s total spend of $272.4m and also behind the $220.6m bet in February.

Of the total wagered in April, $196.6m was bet online and $12.9m via retail sportsbooks across Iowa.

An increase in player spending helped push revenue to $16.5m. This is 17.0% more than last year but a drop of 9.3% from $18.2m in March.

Online sports betting generated $15.7m in revenue during April, while retail drew $812,305.

Total player winnings for the month reached $192.3m, including $180.9m from online and $12.1m retail. As for tax, this amounted to $1.1m.

Who is winning in Iowa?

As has been the case for some time, FanDuel and partner Diamond Jo Dubuque remain out in front in Iowa. During April, the ..

Consumer sports wagering spend in Colorado increased 20.0% year-on-year to $593.1m (£475.7m/€556.8m) in March, while the state also reported a rise in revenue.

Handle was some way clear of the $494.4m bet during March last year. It was also 10.5% higher than the $537.0m wagered by Colorado players in February this year.

Online betting accounted for $589.3m of all sports bets placed during the month. A further $3.7m was wagered with retail sportsbooks across Colorado in March.

The hike in handle also led to higher revenue. For March, gross gaming revenue from sports in the state hit $45.0m. This is 27.1% ahead of $35.4m in March 2023 and 74.4% higher than February’s $25.8m haul.

Revenue from online betting amounted to $44.9m during the month, with retail’s share at just $165,764.

Basketball wagers hit $299.0m in March

Basketball was again the sport of choice among bettors in Colorado during March. In total, players spent $299.0m wagering on basketball, of which $297.2m was bet on..

Consumer spending on sports betting in Arizona amounted to $637.5m (£508.4m/€595.6m) in February, up 4.6% year-on-year, while gross revenue also hiked 55.9%.

Handle for February was some way clear of the $609.3m bet in the same month last year. However, it was 9.8% behind the $706.4m wagered in Arizona in January of this year.

Of the total spent during the month, $631.2m was bet online and $4.6m at retail sportsbook facilities across Arizona. An additional $1.6m was spent betting with limited event wagering (LEW) operators.

Turning to revenue, gross event wagering revenue for the month amounted to $53.0m. This was up from $34.0m in February 2023 but 23.5% short of January’s $69.3m record.

Online betting accounted for $52.7m of gross revenue, retail wagering $290,523 and LEW operators just $64,746.

Adjusted gross revenue tops $28.0m in February

In terms of adjusted figures for the month, these are reported after accounting for free bets and promotions.

Operators handed out $25.1..

Sports betting revenue in Rhode Island fell 22.5% year-on-year to $3.1m (£2.5m/€2.9m) in March despite players spending more money on wagering.

Total handle for the month stood at $44.9m, up 8.2% higher than $41.5m in March last year. It is also 15.7% ahead of the $38.8m bet in Rhode Island in February 2023.

Of this total, $37.0m was wagered online, while the remaining $7.8m was bet at land-based sportsbooks. Twin River processed $5.6m of all retail bets, with Tiverton Casino taking a total of $2.2m.

In terms of revenue, this was higher month-on-month, but only marginally. The March total was 6.9% higher than the $2.9m generated in Rhode Island in February this year.

As to where revenue came from, online betting accounted for $2.5m of the monthly total. In contrast, retail betting generated just $604,093 in monthly revenue.

Twin River posted $386,363 in retail sports betting revenue, while Tiverton Casino reported $217,730.

Players won a total of $41.8m from wagering on sports ..

Players in Indiana spent $500.8m (£401.9m/€470.1m) betting on sports during March, an improvement on last year and only narrowly lower than the state’s monthly record.

Handle was 15.7% higher than $433.0m in Indiana in March last year and 22.5% more than $408.7m in February. The total was also just 2.5% behind the all-time monthly high of $513.7m posted in November 2023.

Basketball again proved the most popular sport to wager on, drawing a total of $167.9m in total bets in March. The state is home to National Basketball Association team the Indiana Pacers.

In contrast, $9.9m was wagered on baseball and just $1.7m American football. A further $173.0m was bet on other sports and $148.1m parlay bets.

Indiana revenue dips to $39.4m

While handle was higher year-on-year, the same could not be said for revenue. In total for March, taxable adjusted gross revenue amounted to $39.4m.

The monthly revenue total was 7.9% lower than $42.8m in March 2023 and only 3.7% more than $39.0m in Februa..

Players in Kansas wagered a total of $252.9m (£201.8m/€236.3m) on sports during March, just shy of the Sunflower State’s monthly record.

Handle was 28.4% higher than $197.0m in March last year and 24.6% ahead of February this year. It was also just 3.1% lower than the Kansas record of $260.9m in November 2022.

Of this total, $243.2m was bet online, while $9.7m was wagered at retail sportsbooks across the state.

In terms of revenue, this amounted to $7.1m in March. The figure was 22.0% lower than the $9.1m generated last year but 129.0% ahead of February’s $3.1m haul.

All revenue in March came from online betting, with retail failing to generate any revenue for operators. It was also noted that the state collected $714,697 in sports betting tax during the month.

DraftKings and Boot Hill retain the lead in Kansas

Having taken the lead in February, DraftKings and partner Boot Hill remained out in front in the Kansas online market. During March, the partnership generated $4.7m in re..