Colorado sports betting handle reaches $4.82bn in FY2021-22 iGB

Indiana is the latest state to report a post-NFL drop in legal sports betting activity throughout the 29-day February wagering period, including dips for some of our best sports betting apps. According to the Indiana Gaming Commission February earnings report, the Hoosier State saw expected double-digit drops in overall sports betting activity in…

Spending on sports betting in January amounted to $596.7m (£469.5m/€549.4m). This was 9.1% ahead of $547.2m in 2023 but 16.6% short of December's record $716.4m spend in Colorado. Of this total, $592.2m was wagered via online sportsbooks and $4.5m retail facilities across the state. While the year-on-year handle rise was only modest, operators were…

Monthly handle was 16.3% ahead of January 2023 but 7.7% behind the $259.7m wagered in Kansas in December. Online betting accounted for $228.6m of all bets placed during the month. In contrast, just $11.5m in wagers were reported at retail sportsbooks. Turning to revenue, the January total was 138.3% higher than $6.0m in the same month last year.…

Colorado reported yet another record month for regulated online and retail sports betting. According to the Colorado Division of Gaming, the Centennial State reported a record total sports betting handle of $716.4 million in December 2023 - a 38.2% increase compared to the state's $518 million handle for the same period the year prior. Colorado's…

Virginia sports betting apps and the state's retail providers capped off a very good 2023 with its second-best handle and revenue month ever in December since Virginia sports betting was legalized in 2021. According to the Virginia Lottery December report, sports betting activity and revenue figures for the last month of 2023 capped off a record…

December's profit of $109.4 million was a 24.8% rise year-over-year and a 14% increase from November. A strong December pushed the Garden State over $1 billion in sports betting gross revenue for 2023. The New Jersey Division of Gaming Enforcement announced a 31.9% year-over-year increase from 2022 when casinos, racetracks, and online operator…

The monthly sports betting handle in Colorado keeps increasing. The results for November were released, and according to them, the handle increased for the fifth month in a row. A huge decrease: In November, in Colorado casinos, the players wagered more than $600 million, with a total handle of $608.5 million. This is good news for the state, but…

The Ohio Casino Control Commission reported Tuesday a September handle of $690.4 million from mobile and retail operators. The Buckeye State got its first real taste of football season in September as it represented the first full month of NFL and college wagering since legal sports betting went into effect in January. And the sportsbook operators…

Silver State benefits from return of NFL and college football, sees $811.3 million in wagers for the month of September. Nobody was happier to see football return in September than Nevada's legal sports betting operators. The Silver State's mobile and retail sportsbooks combined to bring in $811.3 million in wagers for the month, nearly doubling…

The feat prolonged a streak of 13 consecutive months in double digits. Legal sports betting operators in the Old Line State kicked off a new fiscal year in July with another strong showing against bettors. The 11 online sportsbooks and 10 brick-and-mortar locations combined to report a handle of $247.4 million - which is down a slight 2.8% from the…

Colorado sports betting hit the skids in June despite - or perhaps because - the hometown Denver Nuggets charging toward the NBA Championship. For legal sports betting markets, quantity appears to be more valuable than quality. Despite the Denver Nuggets playing for - and winning - the NBA Championship, Colorado's sports betting market contracted…

Colorado, Ohio and Virginia are three states that have made a huge impact on legal sports betting in the country. The Colorado Division of Gaming recently reported that more than $12.1 billion in total volume has been tallied in the state's third full year of legal betting on sports. April of this year pushed the sport betting handle past $3…

It was a big drop for the Old Line State after the Maryland Lottery and Gaming Control Commission reported a total of $339.4 million in wagers. The Old Line State saw a $100 million drop in monthly handle in February compared to January, according to figures released by Maryland Lottery and Gaming Control Commission. A total of $339.4 million were…

With Maryland now offering mobile wagering in addition to its existing retail sportsbooks, now is an excellent time to examine how much the state benefits from sports betting taxes. Maryland taxes sports betting revenue at a rate of 15%. Since legal sports betting in Maryland began in December 2021 at five retail sportsbooks, Maryland Lottery &…

It was another strong month sports betting wise for Arizona, reporting $618 million in sports betting wagers - an $80 million increase from September. Fresh off its successful first-year anniversary of legal sports betting in September, Arizona enjoyed another steady increase in handle for the month of October, basking in the success of online…

The financial results of from the first mobile Maryland sports betting report, during the Thanksgiving holiday period, produced some interesting numbers, including more than $180 million in mobile handle. And as far as tax collections, though those numbers were perhaps disappointing, the figures were entirely to be expected given the nature of…

The Centennial State reported a higher tax rate, despite a dip in hold percentage, with the NBA surpassing the NFL as the most heavily bet sport during the month. Colorado continued its impressive trend, notching the second-highest monthly handle ever - for the second straight month - since it launched legal sports betting. Colorado's Department of…

The Colorado Division of Gaming reported Friday the monthly sports betting figures corresponding to October 2022. The state recorded its second-highest month of total wagers with a handle of $526.6 million, a 17% increase from the prior month when the state saw a total of $450,2 million in bets. Additionally, a year-over-year comparison shows a…

Louisiana's first full year of legal sports betting resulted in more than $1.8 billion in wagers, generating over $26.4 million in taxes for the state. Louisiana sports betting in October hit a monthly record of $255.5 million, with $219 million coming from mobile bets and $36.4 million from retail sites. The wagers produced net proceeds of $4.2…

Pennsylvania's legal sports betting figures for October saw the state's operators post both monthly and year-over-year increases in handle, revenue, and win rate - with FanDuel Sportsbook the clear winner in the Keystone State. The Pennsylvania Gaming Control Board reported this week that the state's retail and online sports betting sites handled…

Indiana recorded a total of $238 million in total handling for the month of August, a 14.1% increase from the previous month's total of $206.6 million in total wagers. The amount collected during the month of August in 2022 increased by 9.9% annually compared to the $215.6 million collected in August 2021. This was the first month in which…