Tag: Retail sports betting

Sports betting handle in Illinois jumped 22.8% year-on-year to $1.10bn (£868.2m/€1.03bn) in April, while revenue also edged up year-on-year.

The Illinois April figure was 22% higher than the $898.6m wagered in the same month last year. However, it was down 12.7% from the $1.26bn bet in Illinois in March of this year.

Of the total amount wagered in April, some $1.07bn was spent betting across the eight online platforms available in the state. The remaining $31.8m was attributed to in-person betting.

Professional sports drew the most wagers at $1.05bn, with $1.02bn being bet online and $29.1m in-person. The data, published by the Illinois Gaming Board, does not include a breakdown by sport.

College sports wagers topped $44.3m, split $41.7m online and $2.6m retail. The other $640,758 was bet on motor racing, including $608,030 online and $32,728 in-person.

FanDuel takes top spot in April

Looking at individual operators in Illinois, FanDuel led the way in terms of revenue. During Apr..

Analysing the latest monthly state sports betting reports in the US, iGB takes a look at year-on-year growth across Iowa, Maryland and Tennessee during May.

Player spending was higher in each state in May. Revenue also increased in both Iowa and Maryland during the month, although Tennessee no longer reports this data.

Beginning the monthly analysis in Maryland, player spending on sports betting in May hit $431.5m (£338.9m/€400.7m). This is 34.8% ahead of last year but 11.3% behind April’s total spend of $486.3m.

Of this total, $419.5m, was bet online, while consumers wagered a further $12.0m at retail facilities.

As for revenue, after deducting prizes, promotional wagers and other amounts, this stood at $46.6m. The monthly total is 50.3% higher than last year and 22.6% more than April, despite a lower handle.

Some $45.7m of all taxable win came from online betting, with retail contributing $875,290.

It was also noted Maryland was able to collect $7.0m in tax, including $6.9m fro..

Analysing the latest monthly sports betting results from across the US, iGB takes a look at year-on-year growth in Virginia during April and a month of mixed fortunes in Colorado.

Virginia reported an increase in both sports betting revenue and handle in April. However, while Colorado saw player spending rise year-on-year, total wagering revenue was lower.

Beginning in Virginia with player spending, this amounted to $563.5m (£442.4m/€519.2m. This represents a year-on-year rise of 32.3% but 11.3% less than March’s $635.5m total.

Bettors spent some $559.3m betting online, plus $4.2m at retail sportsbooks in land-based casinos across Virginia.

As for adjusted gross revenue, this hit $54.6m, which is 40.4% higher than April last year and 28.8% more than $42.4m in March this year.

Of this total, $54.5m came from online betting, while just $110,208 was generated in retail revenue.

Adjusted gross revenue is calculated by taking off player winnings, bonuses and promotion and other ded..

Missouri Scout, a private news service covering state politics, earlier this month released a poll that shows legal sports betting doesn't have voter support. The poll, which showed voters also oppose legal abortion, reenforces Missouri's conservative stature.

If the November election were held today, the Missouri sports betting initiative proposal backed by the state’s professional sports teams would fail. The poll showed it has the least amount of support of four potential initiative questions.

Overall, 60% of those polled say they are against legalisation, 36% are in favour and 4% are undecided. Remington Research Group, on behalf of Missouri Scout, surveyed 684 likely voters over two days between 8-9 May.

At issue is an initiative proposal that would allow for statewide digital wagering requiring platforms to be tethered to professional sports venues or existing casinos. The proposal is a departure from bills that have failed in the state legislature. And it likely ..