Articles by Zach Wolpin (314)
Per the Maryland Lottery and Gaming Agency, sportsbooks combined for an outstanding 25.2% hold on parlay wagers in September. That was enough for $50.3 million in gross sports betting revenue. Maryland’s overall haul between all state operators was $65.4 million. The state’s third-highest total in 34 months of legal wagering. Compared to their figures from […]
On Thursday, the Kansas Lottery reported a record $34.1 million in revenue sports sportsbooks across the state. All six operators combined for a double-digit hold of 13.69%. The $34.1 million in September topped their previous record of $30.9 million in December 2023. Revenue was up 87.7% year-over-year and was more than triple their figure from […]
DraftKings is one largest sports betting markets in the United States The industry leader is also available in the United Kingdom, Germany, Austria, Canada (Ontario), Ireland, and Malta. As of last week, DraftKings announced they are no longer offering Daily Fantasy Sports (DFS) in the UK. As a company, DraftKings determined it’s in their best […]
In Florida, the Seminole Tribes have a monopoly on the casino market. The only sports betting operator they have a partnership with is Hard Rock. However, top U.S. sportsbooks like DraftKings and FanDuel could soon find their way into the Florida sports betting market. On Tuesday, Hard Rock International Chairman and Seminole Gaming CEO Jim […]
On Tuesday, Andy Abboud spoke at the Global Gaming Expo in Las Vegas. He is the senior vice president of Government Relations at Las Vegas Sands. Abboud detailed how a Texas “destination” resort casino is a matter of “when” not “if.” The state is seeking approval for its first-ever commercial gambling establishment. At some point […]
Commercial sports betting was finally legalized in North Carolina in March 2024. August was the first month that residents could bet on college football and the NFL preseason. After revenue was down in August, the state was able to bounce back in September. This was their first full month of college football and the NFL. […]
In Kentucky, a non-profit organization has filed a lawsuit against companies associated with cash payout games. They are commonly known as “Gray Machines.” This lawsuit relies heavily upon a 1789 law that allows third pirates to recover money lost in illegal gambling. Thirteen years ago this helped Kentucky win a $300 million judgment vs. an […]
On Tuesday, Flutter CEO Peter Jackson spoke at the Global Gaming Expo in Las Vegas, Nevada. Flutter is the parent company to FanDuel. When speaking to other online operators, Jackson mentioned the future of online sports betting in the United States. Jackon believes inflation and greater gaming forecasts will help Flutter. Peter Jackson noted his […]
Earlier this week, the West Virginia Lottery reported that online and retail sportsbooks combined for $7.1 million in revenue, which came from a $46.4 million handle. September’s 15.3% hold was the highest month for West Virginia in 2024. Revenue was up 48% year-over-year. This was the sixth straight month that West Virginia sportsbooks combined for […]
Dave Portnoy is the founder of Barstool Sports and he’s one of the most famous sports bettors in the modern era. Not only has Portnoy built a successful sports media brand but he’s also hit several large bets over the past year. Recently, he revealed that he has placed another huge wager on the Philadelphia […]