But the state’s half-dozen sportsbooks also “learned the hard way” that they won’t make a lot of revenue when the hometown Chiefs win the Super Bowl.
Despite lingering economic challenges, online & retail casinos & sportsbooks generated $5.3 billion in March, making it the highest month on record.
April figures show FanDuel is the leading sportsbook in seven of the 15 states in which it operates, holding a 55% market share in its biggest states.
New York is on pace to generate a $19.3 million handle by the end of 2023, compared to $13.8 million for New Jersey and $8.4 million for Pennsylvania. To date, FanDuel tops in handle in NY and PA.
The organization predicts this year’s NCAA tournament will have the highest legal handle of all time, with an estimated $3.1 billion in legal sports bets placed.
Gaming conglomerate says performance in more mature sports betting states like New Jersey and Pennsylvania helped offset losses in newer states like Arizona and Michigan.
Strong start to 2022 with revenue from online, mobile sports betting in IA totaling $12 million. New sportsbook DRF Sports launches but loses money in its opening month.
CDCP data show DraftKings was ahead of its rivals by every metric in January; Total handle from sports wagers hit a record $149.4 million.
American Gaming Association report also shows Q4 2021 was also the highest quarter ever for revenue at $14.3 billion.
BetMGM celebrates $850 million in net revenue in 2021, a five-fold increase from 2020, as it looks ahead to Illinois, Ontario launches in 2022.
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