Governor is Supportive of Sports Betting in Minnesota

Governor is Supportive of Sports Betting in Minnesota

Gambling News
Trying to legalize sports betting in Minnesota has been a task the state legislature has been taking on for years. And for many reasons, no bill seems to pass through both chambers. It has gotten to the point where industry insiders were wondering if this will happen at all. But those waiting for the latest gambling news on the state will be happy to hear that if the Governor gets the bill on his desk, he will be signing it. Minnesota Governor Tim Walz is ready to sign a bill that will legalize sports betting in the state-assuming the House and the Senate could agree on one, and vote for it to pass. Whether it be for retail sports betting or through sports betting software, it would be good for…
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Sportsbooks in Michigan Take in More Than Half a Billion in Wagers

Sportsbooks in Michigan Take in More Than Half a Billion in Wagers

Gambling News
If you read through some of the gambling news websites, you will see a lot of reports on the sports betting markets. Specifically, you may see that in the recent couple of months, most of these reports point to an upward trend in sports betting activity. With a busier sports calendar in the US, sportsbooks across the country are reporting better numbers. And sportsbooks in Michigan are part of this- seeing half a billion in wagers in October. According to the latest report from the Michigan Gaming Control Board, sportsbooks in the state took in $551.1 million for the month of October. The increase is due to a very busy October with baseball, football, basketball and hockey all in season. It also helps that the Michigan Wolverines as well as…
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Virginia Betting Continues to Decline

Virginia Betting Continues to Decline

Gambling News
As anticipated, the Virginia betting market continues its seasonal decline during the summer months, aligning with the trend seen across the country. Many in the industry are truly looking forward to seeing football season start. September really could not come sooner. And when you manage your own sportsbook with this premium sports betting software, you will be able to handle any increase in betting activity you will see in the next month. The Virginia Lottery’s latest report states that their online sports betting platforms and retail sportsbooks collectively accepted $293.6 million in wagers for the month of July. This gives us an 8.8% decrease in handle compared to the previous month. However, the market still grows, because similar to June, Virginia's year-over-year betting handle shows a 10% increase. So, as…
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New York Sportsbooks Get Higher Handle to End July

New York Sportsbooks Get Higher Handle to End July

Gambling News
In the latest gambling news, New York sportsbooks are ending July on a high note in terms of betting activity. According to the latest report from the state, the total weekly handle for the period ending July 30 is $246.5 million. This is 13% higher than the previous week’s handle of $217.8 million. Year-on-year growth is also good with a 38% increase. The news is good, but those in the pay per head bookie industry know better than to rely solely on the handle. If you are learning how to become a bookie, the handle is important because it tells you how much your players are spending in your sportsbook. But since it is a business, revenue matters as much. An increase in handle does not automatically mean an increase…
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New York Online Sports Betting Hits a Billion in April

New York Online Sports Betting Hits a Billion in April

Gambling News
If you want to open a sportsbook and want to know the earning potential of your business, you only need to look at online sportsbooks in New York. As one of the, if not the largest betting market in the country, state sportsbooks are capable of generating more than a billion in just a quarter of a year or less. In fact, New York online sports betting in the month of April alone hits a billion in handle. According to the latest report from the New York State Gaming Commission, sportsbooks took in $1.54 billion in wagers. This means that the state is one step closer to hitting also a billion in tax revenue from sports betting. The handle is actually lower than the $1.79 billion handle of March by…
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Super Bowl Betting in New York Boosts Handle

Super Bowl Betting in New York Boosts Handle

Gambling News
Your betting software will likely not see as much wagering on a single game that it has with Super Bowl betting. As one of the most popular betting and sports event of the year, experts estimate billions of bets on football’s penultimate game. And if you are looking at the New York handle during the period, you will see just how big of a boost wagers for the game gave sportsbooks. You can do this yourself in your pay per head bookie software, even on a daily, weekly, and monthly basis. Knowing your betting handle and revenue can help you determine how successful your sportsbook is, and if you need to do anything to improve those numbers. For New York, the state’s sportsbooks saw $424.3 million in wagers for the…
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Michigan Sports Betting Handle for October Shows Increase

Michigan Sports Betting Handle for October Shows Increase

Gambling News
In our pay per head blog, we always keep track of the trends in the sports betting industry. We take a closer look at each betting market and report on increases, or downward trends. During this time of the year, though, its safe to say that most, if not all reports that we will see will be an upward direction. The Michigan sports betting handle for October is one of those. The state records $504.3 in wagers for the month. This gives us a 32% increase from the September handle of $383.1 million. The increase in handle comes mostly from football betting, something that is very popular in the Motor state, and in every pay per head software provider in the country. Michigan Sports Betting Handle and Revenue We are…
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Sports Betting in Arizona: The Year That Was

Sports Betting in Arizona: The Year That Was

Gambling News
Sports betting in Arizona is roughly a year old now, having launched back in September 9, 2021. In the whole year, the state’s sportsbooks collected more than $5.4 billion in sports wagers. As a pay per head bookie, you know how much revenue that is for sportsbooks. Even the state was able to collect $21 million in fees. This is a very strong start for the local sports betting market. Even more, online sports betting takes up 99% of all of the wagers made in state. So if you want to own a pay per head sportsbook, the potential income is more than enough to get you started. And even if you are concerned about the startup costs, it won’t be for long. Aside from the pay per head fees…
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Massachusetts Online Sports Betting Could Launch in November

Massachusetts Online Sports Betting Could Launch in November

Gambling News
Back in August 1, a joint House and Senate conference bill was passed. This bill allows for the legalization of sports betting in Massachusetts. Much of regulations for sports betting is already in place in the state. This means it will only need fewer possible changes and additions for the state’s gaming commission to implement. And Massachusetts online sports betting could launch in November, at the earliest. Massachusetts is no stranger to gambling, having legalized gambling back in the 1700s. Thus, the Bay State’s infrastructure is already there, and the adjustment will only be to accommodate online sports betting. Much like any bookie pay per head sportsbook, bettors can place wagers on any sport event. But they do have an exception for college betting. Under the law, college wagering for…
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We May See Online Sports Betting in North Carolina Soon

We May See Online Sports Betting in North Carolina Soon

Gambling News
All states across the US still do not offer sports betting, mobile sports betting specifically. Some states have a strong stance against sports betting, while some have legislation pending. Some states, like North Carolina, will probably be closer to seeing sports betting in their states. And if things go well in the upcoming legislative session, we may see online sports betting in North Carolina soon. And hopefully soon enough, as the market is quickly growing with many learning how to own a sportsbook. Any pay per head bookie can tell you how easy and affordable it is to open your own sportsbook. And they will also tell you just how profitable online sports betting is. After all, you are bringing the product straight to your players’ devices. There are no…
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