As of 2020, the global sports betting market is worth $131 billons making it a very lucrative market. In fact, iGaming analysts predict it will be worth $179 billion by 2028 with a CAGR of 8.33%. Due to these numbers, a large number of sportsbooks have been opening around the world. Needless to say, entrepreneurs …
Tag: Sports Betting
US Sports Betting Industry Earned $11 Billion in 2023
The US sports betting industry continues its upward trend. According to the latest report from the American Gaming Association, the sector earned $10.92 billion in 2023. It was a 44.5 percent increase year-over-year. Also, it broke the record set in 2022. According to Bookie Intelligence sources, US sportsbooks had a handle of $119.8 billion, a …
Mississippi Sports Betting Revenue Increased in January Despite Drop in Handle
The Mississippi sports betting revenue increased 31.4 percent year-over-year to $6.7 million. Also, it was up from $4.9 million in December 2023. The increases came despite a lower betting handle for January at $44.6 million. According to betting software reports, January’s total handle was $22.0 percent lower than the same month a year ago at …
State Senate Approves Georgia Sports Betting Bill
The Senate Economic Development and Tourism Committee passed the Georgia sports betting bill. According to SportsbookPayPerHead.com sources, Senate Bill 386 allows the Georgia Lottery Corp to give out 16 sports betting licenses. Atlanta United, Braves, Falcons, Hawks, and Dream would each receive one of five licenses. Three entities would each be granted one license: the …
State Senate Tries to Legalize Minnesota Sports Betting in the Upcoming Session
The Minnesota legislative session will begin in three weeks. Also, the state senate will try to legalize sports betting in the upcoming session. Although the bill has bipartisan support, they failed to pass it in the previous years. According to gambling and sports news reports, Minnesota’s neighboring states are among the more than 30 states …
NJ Sports Betting and Casino Revenues Reached $5.8 Billion in 2023
There is good and bad news about NJ sports betting and casino revenues in 2023. The state’s gambling sportsbook and casino operators set a record by winning almost $5.8 billion during the year, an eleven percent increase from 2022. Unfortunately, the news was not so bright for the nine casinos in Atlantic City. Even after …
Iowa Sports Betting Revenue Achieved New Record in December
The Iowa Racing and Gaming Commission released its revenue report for December. It showed that Iowa sports betting revenue reached a new milestone during the month at $26.2 million with a win percentage of 9.28 percent. The state achieved a new revenue record despite a 2.3 percent decrease in the handle at more than $282.7 …