(WBFF) — The legal sports wagering market generated just over $5.7 million in contributions to the state of Maryland in June, more than double the $2.8 million recorded in June 2023, Maryland Lottery and Gaming said. $5.7 million is the fifth-highest single month total contribution since sports betting was legalized in Maryland in December 2021....
Tag: revenue
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Caesars Windsor cutting back hours for sports betting counter | CBC News
Caesars Windsor is cutting back hours for staff at its sportsbook, despite original assumptions that the addition of sports betting would increase the number of jobs at the casino. “After a careful review of our sports betting trends, the operating hours of Caesars Sportsbook have been adjusted to better align with guest preferences. With these...
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Ahead of football, big bet legalizing sports gambling on pace for $161M in one state
(TCS) — Legalizing sports gambling was a big bet for North Carolina, and its $7.2 million gain to state coffers from legalized sports gambling in June is a 36.1% decline from May and a 61.7% drop from April. Yet, the 365-pace is $161,393,605. And there’s been no football – yet. Financials from the most recent...
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Sports betting jump helps Massachusetts gaming revenue rise
Total revenue across sports betting and land-based casino in the Bay State was US$155m, rising from $151.6m in May 2023. Sports betting revenue in the month rose to $57m from $47.1m a year ago, coming from a 3.4 per cent year-on-year rise in total bets to $587.3m. In Massachusetts’ land-based casino sector, revenue fell 6.2...
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NC sees major decline in sports betting for month of May
NORTH CAROLINA (WBTV) – After a hot start to legal sports gambling in North Carolina, the State Lottery Commission reported a major drop in total wagering revenue for May. In April, the lottery commission reported $648,934,226 in total wagering revenue. That number decreased to $525,548,571 in May, a 19% decline. “Don’t expect much positive movement...
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Lifetime bans and careers in tatters — recent sports betting scandals show fringe players are vulnerable | CBC News
Jontay Porter appeared to be in deep. According to allegations in a recently unsealed indictment against a New York man charged with federal wire fraud in the betting scandal that led to Porter’s banishment from the NBA, the former Toronto Raptor “had amassed a significant gambling debt” and owed gamblers thousands of dollars. In an attempt to...
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DC sports betting revenue dwarves previous numbers month after new contractor: Report
WASHINGTON (7News) — In just one month, the company now managing most sports betting in DC brought in nearly half as much revenue for the city as DC had received in the previous three and a half years, according to a report on Tuesday. FanDuel, who now oversees sports wagering for the District, announced Tuesday...
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Arkansas boosts revenue with mobile sports betting as casinos expand digitally
Sports betting was officially legalized in Arkansas in 2018, when Arkansans voted for casino gaming. Despite the 2018 legalization, the first sports wager was not placed until July 2019. Initially when Arkansans approved this, the only way to place a legal sports wager in the state was to physically go to one of the state’s...