gambling news Archives - Official Easy Pay Per Head Blog

26Sep 2024 by EZ Pay Per Head No Comments

Nevada Sportsbooks Enjoy Surge in Revenue This August

In August, Nevada sportsbooks experienced a remarkable surge in profits. Again proving the state's long-lasting appeal as a hub for sports betting. The Nevada Gaming Control Board reported a substantial 38.9% year-over-year increase in profits for sports betting operators, with monthly revenue reaching an impressive $25 million. This financial windfall was generated from a total betting handle of $455.5 million, representing a 5.8% increase compared to the same period in the previous year. The profitability of Nevada's sportsbooks was further emphasized by an improved hold percentage of 5.5%, up from 4.2% in August 2023. This increase in hold rate indicates that operators were more efficient in retaining a larger portion of the money wagered, contributing significantly to their bottom line. Normally, it would be preferable to see the win rate…

01Aug 2024 by EZ Pay Per Head No Comments

Regulators: Massachusetts Sports Betting Market is Successful

Gambling News

The Massachusetts Gaming Commission (MGC) is very happy with the numbers of the Massachusetts sports betting market. Sports betting in the state is very new, having only going live in early 2023. Both retail and online sports betting are legal in the state. Even with retail gambling being popular, the use of gambling software still remains to be the more popular option. We will look into the details of the local sports betting market in our latest report. The state regulator looks back at the first full year of operations of sports betting in the state. More importantly, they are looking at the benefits that the state is enjoying from tax revenue set on wagering. According to the MGC, sports betting in the state has significant economic impact. They measure…

16Feb 2024 by EZ Pay Per Head No Comments

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…

23Nov 2023 by EZ Pay Per Head No Comments

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…

01Sep 2023 by EZ Pay Per Head No Comments

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…

04Aug 2023 by EZ Pay Per Head No Comments

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…

12May 2023 by EZ Pay Per Head No Comments

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…

16Feb 2023 by EZ Pay Per Head No Comments

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…

18Nov 2022 by EZ Pay Per Head No Comments

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…

21Oct 2022 by EZ Pay Per Head No Comments

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…