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After Historic 2022, What Could 2023 Have in Store For U.S. Sports Betting?

Christopher Boan
by Christopher Boan
With more than 30 states and the District of Columbia online, the 2022 fiscal year was definitely one to remember for U.S. sports betting operators. Thanks to continued growth across most of the country’s largest markets, 2022 saw a record amount wagered on sports, with $93.788 billion in handle nationally.......
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Commentary: Big 2021 Sports Betting Numbers Only Tell Part of the Story

Bill Ordine
by Bill Ordine
The world is still waiting for a major online sports betting venture in the U.S. to report any sizable profit. DraftKings, which is traded on the NASDAQ and is one of the most prominent sports betting operators in the U.S., reported a loss of more than $1.5 billion is 2021. It was more than $1.2...
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Kambi and DraftKings Extend and Expand Partnership

Kate Rowland
by Kate Rowland
European sports betting technology provider Kambi Group plc announced August 21 that its contract with DraftKings Sportsbook has been extended in New Jersey and expanded to encompass eight additional U.S. states. Pending official approval from state gaming commissions, Kambi will continue to provide back-end technology and services for DraftKings sportsbooks......
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Sports Betting Helps Commercial Casino Gaming Revenue Reach an All-Time High

Joan Mantini
by Joan Mantini
Gaming revenue for the U.S. commercial casino industry reached an all-time high of $41.7 billion in 2018, up 3.5 percent from the previous year, according to data released in the American Gaming Association’s (AGA) State of the States 2019: The AGA Survey of the Commercial Casino Industry. Key findings from the State of......
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VSiN Forecasts More Than $300 Million to Be Wagered on Big Game, Marking Largest Regulated Gambling Handle in U.S. History

Joan Mantini
by Joan Mantini
With seven additional states legalizing sports betting since the end of last year’s football season, gambling experts expect that this year’s Big Game will mark the most money wagered on a single event in the history of regulated sports betting.  VSiN (Vegas Stats & Information Network), the first network dedicated exclusively......
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Pennsylvania Gaming Control Board Reports December Sports Wagering Revenue

Joan Mantini
by Joan Mantini
The Pennsylvania Gaming Control Board recently posted on its web site its December monthly report for sports wagering. The report encompasses the full month returns from Hollywood Casino at Penn National Race Course and partial month returns from SugarHouse Casino in Philadelphia and Rivers Casino in Pittsburgh which both started sports wagering operations on Saturday, December 15,......
Sports Betting

New Jersey sports betting wagers continue to climb

Joan Mantini
by Joan Mantini
New Jersey Division of Gaming Enforcement released its November sports betting numbers Wednesday, finding that bettors wagered $330.7 million – a $70 million increase from October’s total. Consumers in New Jersey have reportedly wagered almost $1 billion since the first bet was placed in June. The legal sports betting market......