Posts Tagged ‘Handle’
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 MoreDelaware Online Gambling Revenue Drops, Handle Grows
Delaware’s online gambling revenue report revealed a drop in revenue from June to July. However, the total handle actually went up from June to July. This was caused by a higher percentage of the handle being devoted to table games, as opposed to the more profitable video lottery. DOVER, Del. – Delaware’s recent online gambling…
Read MoreGlobal Casino Market Expects Value Of $160 Billion By 2027
New reports have the global casino industry expected to reach a total value of $159.3 billion by 2027. U.S. online gambling expansions as well as retail expansions have led to this influx in growth to the overall market. A drop-off after 2027 is expected to be seen once the casino markets worldwide have balanced out…
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