Tag: US sports betting

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…

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…