Virginia Sports Betting Bounces Back as Operators Report All-Time Record Hold in August

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…

The Virginia Lottery announced that their online sports betting sites and retail sportsbooks accepted $293.6 million in bets during July, an 8.8% monthly decline. As expected, Virginia's legal sports betting market continued to fall in the summer months as the commonwealth, like all other legal betting states, is counting down the days to football…

The Virginia Lottery reported that state sportsbooks posted a 10% hold for the fourth consecutive month in June, narrowly clearing the benchmark with close to $32.7 million in gross revenue. The Old Dominion has long been a state where the house has flexed its collective muscle in sports wagering, as June marked the 16th consecutive month that…

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…

Michigan online casinos and sports betting operators reported a combined $195.7 million in revenue in April, according to the latest data from the Michigan Gaming Control Board. The figure is down 9.6% from the revenue delivered in March. For the month, iGaming accounted for $159.4 million of total revenue while sports betting brought in $36.3…

Despite posting a second straight monthly decline in legal sports betting handle, Virginia stayed above the $500M wager mark in December - the third straight month over that threshold - and saw an 18% YoY increase from December 2021. The Virginia Lottery announced Wednesday that their retail and online sports betting sites accepted $503.1 million…

It was another record year statewide for legalized gaming. Total gaming revenue generated in Pennsylvania in 2022 was a half billion dollars higher than the previous year, according to the Pennsylvania Gaming Control Board. The board reported that combined revenue of slot machines, table games, sports wagering, internet gaming, video gaming…

Michigan online casino gaming and sports betting operators have reported nearly $2 billion in combined revenue for 2022, according to the latest report from the state's Gaming Control Board. Gross receipts rose by a whopping 41% when compared to the $1.4 billion reported in 2021, while handle for the year amounted to $4.6 billion, up from $3.7…

November saw yet another monthly increase in sports betting handle in the state of Iowa, but a pair of cashed World Series futures tickets from "Mattress Mack" resulted in a 70.1% decrease in revenue. Another month sees another increase in legal sports betting handle in Iowa, although the Hawkeye State fell short of its November 2021…

The first revenue report affected by payouts Jim "Mattress Mack" McIngvale received as part of his historic $75 million win on Houston Astros futures bets came from Iowa, where the state's Racing and Gaming Commission reported $5.8 million in sports wagering revenue for November. The sportsbooks' revenue total was overshadowed by the combined $10…

New York enjoyed its biggest mobile sports betting month of the current fiscal year in October. It took in a handle of more than $1.5 billion, which translated to a $74 million windfall for state education. That same month, Caesars Sportsbook made a little more than $7 million in revenue. And Caesars is one of the biggest names in the American…

After a strong October of mobile sports betting, New York has now reported that weekly wagering volume and revenue have decreased. According to reports from the New York State Gaming Commission, betting handle and gross gaming revenue for the week of November 13, 2022, were US$339 million and US$31.3 million respectively. Both are down from the…

The Michigan Gaming Control Board reported that the state's retail and online sportsbooks handled $504.3 million in bets during October, with FanDuel overtaking the monthly lead from DraftKings. The Michigan Gaming Control Board released its October sports betting figures earlier this week, with the Motor State continuing to benefit from a busy…

Fan spending on sports betting in Colorado jumped 10.3% year-on-year this September, while the state also reported a monthly increase in both handling and revenue. Monthly turnover for September was $450.2m (£403.2m), up from $408.3m in the same month last year and also 55.2% ahead of $290.1m in August 2022. Consumers wagered a total of $445.6…

Sports betting in Virginia again topped $400 million in September with the NFL and college football seasons getting underway. Adjusted gross revenue for the state's 14 operators was $48.39 million, the highest single month total since sports wagering began in Virginia in January 2021, according to the Virginia Lottery which oversees sports…

The Virginia Lottery announced a 30% jump in September's handle compared to the previous month, with the win rate staying firm, leading to a 35% MoM increase in revenue. The Virginia Lottery released the state's September numbers yesterday and Virginia sports betting generated $411.2 million in wagers for the month, a 30% jump from the $284.7…

The Centennial State's reported a 518% yearly jump in tax revenue, with nearly $3 million paid out by sportsbooks in September 2022 - compared to less than $500000 from the same period in 2021. A huge jump in handle, along with an all-time hold percentage, is exactly what Colorado sports betting was looking for to start the football season: a…

The return of football gave the sports betting handle in Pennsylvania a boost during September. The Pennsylvania Gaming Control Board released the sports betting revenue report for September last week which showed $645.2 million in sports betting handle for the month. That was up $282 million from the handle reported in August, and up $66.4 million…

Creek Casinos Beat Out their Rivals in August Revenue Report Rick Langenberg What does warm weather, baseball fever (except if you bet on the Colorado Rockies) and a welcoming, friendly casino atmosphere equate to: Another great month for sports betting, and gaming in general for Cripple Creek. . Last week, the Colorado Division of Gaming released…

Gamblers in Ontario wagered more than $6 billion (CAD) and the market produced $267 million in total gaming revenue - from iCasino, online sports betting, and online poker - for the period of July 1-Sept. 30, according to the Fiscal Year Q2 report released by iGaming Ontario on Wednesday. (As of Oct. 12, $1 CAD is equal to $0.72 USD.) The $6.04…

West Virginia is a football-mad state, and September's sports betting numbers only helped to prove that again. The home of the West Virginia Mountaineers, Marshall Thundering Herd and a ton of NFL fans greeted the return of the NFL and college football with increases in sports betting revenue and handle compared to the previous month. This was…

Numbers recently released by the Virginia Lottery show $4.5 million in sports betting-related tax was paid to the state in August, up from $3.1 million collected in July and $1.4 million a year earlier. The tax tweaks to sports betting in Virginia have sent state revenues skyrocketing in recent months relative to their previous levels, as veteran…

The market had significant rises in both revenue and handle for August compared to July. Sports betting in the state recorded even better numbers in month-over-month and year-over-year comparisons. West Virginia reports its numbers weekly instead of monthly - the July figures are for July 1-30, with July 1 marking the start of the new 2022-23…

The Bayou State's gaming numbers declined across the board in August compared to the report, but the sports betting handle delivered one bit of good news for sportsbook operators in the state. For Louisiana casinos, all four segments reported by the Louisiana Gaming Control Board decreased in a month-over-month comparison. In all, the August…

A strong summer for continued in August. The online gambling handle (amount wagered) in Connecticut increased 20.5% over July, the fifth time in six months that the handle increased compared to the month before. The revenue also increased but not as much, growing 6.4% from July to August. Sports betting handle and revenue also went up in August…