Posts by Ben Fiore
New York Sports Betting Hold Drove A 67% Tax Jump
New York’s mobile sportsbooks kept 12.09% of the $384,761,040 wagered in the week ending Aug. 2. Gross gaming revenue rose 66.7% week over week while handle rose 8.67%, a tax swing near $9.5 million. The fiscal year’s largest handle week, ending June 14, posted negative revenue of $48,515,979 and no tax. Handle across 19 weeks…
Read MoreSuper Bowl Betting Blunder Leads To Big Payout
The D.C. Lottery received $500,000 in compensation for GambetDC operational errors. GambetDC lost $4 million in its first full year being fully operational. WASHINGTON – The Super Bowl is the biggest day of the year for sports betting and GambetDC missed out on all of their mobile betting opportunities for Apple users during the 2021-2022 season.…
Read MoreBetting On Three Seeds In The 2022 NCAA Tournament
All four of the three seeds in the 2022 NCAA tournament made it to their conference final game. Four teams with a three seed have won the March Madness Title since 1915. The Tennessee Volunteers have the best odds of any three seed at +1600. KNOXVILLE, Tenn. – The Tennessee Volunteers men’s basketball team claimed…
Read MoreNBA Partners With Princess Cruise, Push Logos On Wristbands
The NBA has partnered with Princess Cruises to allow custom NBA team logos on the ship. The Cruise ship opened up a mobile sportsbook called “Oceans” that can be used when the ship hits international waters. The only betting restriction is that the app does not allow any bets placed on the Miami Heat. SANTA…
Read MoreLegal Sportsbooks Handle Nears $100 Billion Since PASPA Repeal
Over six states passed the billion-dollar handle mark New York opened regulated sports betting on the 19th of January and saw over $150 million bet New Jersey has generated the largest handle at over $22 billion $1 billion mark should be hit by February 2022 LAS VEGAS – In early 2018 Nevada ruled the world…
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