Category: Sports Betting News

Maryland’s sports betting market will be capable of attracting more than $200 million in gaming revenue on more than $3 billion in bets annually, which could then generate as much as $35 million in tax revenue for the state once the market matures, according to estimates of PlayMaryland.

When Gov. Larry Hogan signs the bill to officially legalize sports betting in Maryland, which is expected, the state will join 26 other U.S.… Read the rest

Colorado sportsbooks take in more than $300 million in wagers, bouncing back from February’s decline to post the second-highest volume month in the state’s first year of sports betting. The month was enough to push lifetime handle in Colorado past $2 billion, becoming the sixth U.S. state to reach the milestone just 11 months after launching, according to analysts from PlayColorado, which tracks the state’s regulated online gaming and sports betting market.… Read the rest

Because of the pandemic, the handle on the 2020 Kentucky Derby dropped significantly from the previous year. Handle on America’s signature horse race fell 49.8% from 2019. Churchill Downs didn’t run the race until September 5, four months after Derby’s traditional race day on the first Saturday in May.

PayPerHead agents are hopeful the 2021 Triple Crown results in a racebook revenue bounce back.… Read the rest

Florida Gov. Ron DeSantis’ landmark compact agreement with the Seminole Tribe could open the door to a retail and online sports betting market that would potentially be the largest in the U.S., capable of generating as much as $12 billion in bets annually, according to estimates by PlayFL.com.

“Assuming the industry launches with the current framework in place, there is little question that sports betting will drive a massive amount of revenue for the state,” said Dustin Gouker, analyst for the PlayUSA.com… Read the rest

March Madness helped propel Tennessee to more than $200 million in bets, almost entirely reversing the state’s first month-over-month decline in February. And with two new operators launching in the state, Tennessee’s market took a significant step in its maturation process, according to analysts from PlayTenn, which researches the Tennessee gaming market.… Read the rest

Kindred has launched a ground-breaking bet-overlay live streaming player. Representing an industry-first, the revolutionary move will enable Unibet mobile customers to Watch&Bet on live sports without ever leaving the action. Initially available on the iOS sports app, the exciting new feature will enable Unibet customers to place their bets whilst still watching the on-site sports streams – which will for the first time be presented with a live-odds overlay.… Read the rest

Kindred Group goes into the next phase in the US and adds Virginia to the list of successful entries in the fast growing US gambling market. Unibet will soon offer customers in Virginia a first-class online sportsbook experience.

Unibet Interactive, Kindred Group’s US arm, is awarded a direct market access mobile sports betting permit in Virginia.… Read the rest

Michigan online sportsbooks set fresh records for handle and revenue, reaching nearly $400 million in online and retail bets in March and surpassing $30 million in online revenue, while online casino revenue approached $100 million, according to PlayMichigan.

“With nearly $1 billion in lifetime bets now, it’s hard to understate just how unprecedented Michigan’s gaming expansion has been so far,” said Dustin Gouker, analyst for PlayMichigan.com.… Read the rest