Ethan Matthew
Sports Betting Handle in Virginia Above $300 million in August
The Virginia Lottery reported that their online sports betting sites (both mobile and retail) took in $319 million in wagers last month, a 7% jump compared to the $293.6 million during July, Year over year action also rose as handle grew 12% versus August
Arizona's Handle, Like Most States, Hits 2023 Low in July
Arizona reported $323.2 million in sports betting handle in July, a nearly 18% decline compared to June and a new low in 2023.
Sports Betting Handle in Michigan Sees Slight Uptick During August
The Michigan Gaming Control Board reported that the state’s legal sports betting handle increased slightly to $228.4 million, compared to July’s $208.4 million.
Sports Betting Handle Stays Unchanged in Connecticut For August as Revenue Drops
Connecticut sportsbooks saw revenue dip in August while sports betting handle remained largely unchanged month over month. FanDuel re-emerged as the top online sportsbook with DraftKings just behind in second place.
Tennessee Witnesses a Rebound in Sports Betting Handle for August
Handle and revenue increased by roughly 13% month-over-month.
Colorado’s Revenue Bounces Back in July as Sports Betting Handle Falls
Colorado's Department of Revenue reported that the state's sportsbooks took in $281.1 million in bets in July, a 9.5% monthly decrease. From that handle operators paid out $256.1 million in winnings, leaving $24.9 million in gross revenue which was a hold
Sports Betting Handle in Iowa Sees Boost During August
The Hawkeye state accepted $141.3 million in bets last month, a 29% jump from the reported $109.6 million handle in July.
Kansas Handle Jumps 18% in August as Sports Betting Revenue Falls Back to Earth
DraftKings sees most action, backed by large promotional offers.
Sports Betting Handle in Virginia Falls Below $300 million in July
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.
Bally Bet Launching Sports Betting Site in Ohio — Introducing New App
After ceasing operations on its old app back on June 30, Bally Bet is set to return to Ohio with a brand-new app, with other states set to receive access in the future.
Arizona Handle Falls Below $400 Million in June, While Year Over Year Numbers Are up 23%
Tax revenue sees a huge drop thanks to a lower hold.
Michigan’s Handle Falls to $208 Million, Lowest Since 2021
Michigan's legal sports betting handle fell to $208 million in July, hitting its lowest point since 2021 in the process. However, books reported a stronger hold compared to June, improving overall profits month-over-month.
Pennsylvania Sees Sports Betting Revenue Rise in July Despite Drop in Handle
Pennsylvania's 11.6% hold percentage was an improvement from June's 9%, but it wasn't all good in the Keystone State as the handle also dropped 9% from the previous month.
Sports Betting Revenue in New Jersey Hits $500 Million YTD as Handle is Unchanged
Thanks to another month of double digit holds the Garden State sees over $7 million in tax revenue.
Sports Betting Handle Stays Unchanged in Connecticut For July as Revenue Increases
Connecticut’s sportsbooks, both retail and online sports betting sites, reported $10.3 million in unadjusted revenue, which was nearly 20% higher than June’s $8.6 million.
Iowa Watches Sports Betting Revenue Bounce Back in July
DraftKings saw the most action but bet365 impressed.
Tennessee Handle from Sports Betting Falls Again in July, Tax Revenue Also Down Despite New State Laws
Despite changing the tax structure for operators, Tennessee's tax revenue from legal sports betting saw a MoM decline in July 2023.
Indiana Handle on Sports Betting Dips to $203.8 Million in July
Baseball bets see a monthly increase as DraftKings handles the most action.
Arizona Suffers Drop Below $500 Million in May Sports Betting Handle
After two straight months of lower handles, sportsbooks managed to mitigate their loss in volume thanks to an increase in hold percentage.
Virginia Sees Biggest Drop In Sports Betting Handle For 2023
The Virginia Lottery reported that their online and retail sportsbooks took in $322 million in wagers in June, a 20.2% monthly decline. That being said, year over year action improved by 10%.
