Sports Gambling Handle
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*Sports Gambling Legal States
*Sports Gambling Legalized
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*Sports Gambling Analyst Jobs
What Does Handle Mean In Sports Betting and Wagering? Casino shop charonne 75011 paris. By Doc’s Sports - Much like any business venture you embark on, the most important part of the journey (for most) is the bottom line. The sports wagering business is big in the Hoosier State, as September’s $207.4 million betting handle figure set a new record for the state. DraftKings and FanDuel dominate the Indiana market share. Mobile wagering accounted for 81% of overall bets in September for Indiana. Sports Handle Reporting Is Cited In For more in-depth and breaking coverage of the national sports betting and online gambling industries, visit our sister site US Bets. Also, visit NJ Online Gambling for news, updates, and analysis focused on the New Jersey online casino and sports betting industries, Penn Bets for Pennsylvania online gambling coverage, and Hoosier State Bets for Indiana online sportsbook news. Every month the Division of Gaming Enforcement releases the previous month’s legal sports betting handle and revenue. “Handle” refers to the total amount wagered, while “revenue” is what’s left over after the winning tickets are paid.
Iselin, N.J., Dec. 10, 2020 /PRNewswire/ -- World SportsNetwork reports Indiana’s November handle jumped 8.86% fromOctober to November. The handle report, which is published monthlyby the Indiana Gaming Commission, shows a third straight month ofrecord setting numbers for sports betting coming out of thestate.
The report indicates high market confidence in bettors sincebettable funds are usually what an earner deems as excess funds.For instance sports betting handles across the country plummetedduring the initial wave of the corona pandemic in the face ofuncertain employment speculation.
’When we’re looking at the reports we are always thinking ahead towhat will happen next month. December is always a time whenpeople spend money on the holidays. When you take into account thatthe number of people who participate in sports betting in newlylegalized states has not reached its full potential then you have acase where people may be betting less, but every consecutive monthsees more people betting. With that in mind we predict thatIndiana will see another record breaking month in December,assuming there isn’t a sudden and serious second wave.’ -Evan Henningsen, an Editor atWSN.
Indiana sits in the rust belt and is flanked by states that havealso legalized sports betting, meaning that the Indiana handlereports may be a good indicator for what can be expected in thetri-state area.
CONTACT:
gustave seeberg
gustave.seeberg@wsn.com
+4526608652
This information was brought to you by Cisionhttp://news.cision.com
https://news.cision.com/wsn---world-sports-network/r/indiana-november-sports-betting-handle-jumps-to--251-403-994---all-time-high,c3252729
Single-game sports betting within the United States was only legal in Nevada until May 14, 2018. On that date, the SCOTUS struck downPASPA, effectively unlocking the legislative key for states that wished to legalize and regulate sports betting within their borders. In the months prior to that date, a handful of states had proactively passed legislation designed to go into effect or further mature if and when the PASPA was eradicated.
Delaware was the first state outside of Nevada to launch single-game sports betting on June 5, taking advantage of its status as an original “grandfathered” state under PASPA. That allowed it to begin taking single-game wagers without any immediate further legislation. New Jersey soon followed, officially taking its first wager June 14.
A total of seven states had legal sports betting markets by the end of 2018. That number climbed to 15 in 2019. Below we take a look at the monthly sports betting handle and hold for each, along with the key facts to know in each market.
For a more in-depth breakdown of these numbers, visit LegalSportsReport.com.
Star city roulette. The Star provides many traditional casino games, including Mini Baccarat, Blackjack, Caribbean Stud, Craps, Pai Gow, Poker, Pontoon, Roulette, Rapid (semi-electronic) Roulette, Sic Bo and Three card poker Two-Up was available at Star City but was removed at the end of October 2003 as the game was not considered to be economically viable. Star City has recently opened the sports bar as well. The Star provides many traditional casino games, including Mini Baccarat, Blackjack, Caribbean Stud, Craps, Pai Gow, Poker, Pontoon, Roulette, Sic Bo and Three card poker. Star City Casino has over 200 table games that include 2-Up, 7-Up Baccarat, Bingo, Baccarat, BACEball, Blackjack, Blackjack Challenge, Blackjack Switch, Pink jack, Roulette, Rapid Roulette, Craps, Poker, Three Card Poker, Four Card poker, Texas Hold’em Bonus Poker, Caribbean Stud Poker, Pontoon, Pai Gow, Big Wheel, Dragon Fire, Sic Bo.Where is legal sports betting available in the U.S.?Nevada
Legalized land-based wagering: 1949
Legalized online/mobile wagering: 2010
Tax Rate: 6.75 percent for land-based sports betting revenueSports Gambling Legal StatesMonthTotal HandleTotal Revenue/HoldHold %StoryJanuary 2018$418.6 million$25.1 million6.0%Legal Sports ReportFebruary 2018$411.7 million$10.7 million2.6%Legal Sports ReportMarch 2018$522 million$34.2 million6.6%Legal Sports ReportApril 2018$316 million$16.3 million5.2%Legal Sports ReportMay 2018 $315.5 million$20.5 million6.5%Legal Sports ReportJune 2018$286.5 million$20.2 million7.1%Legal Sports ReportJuly 2018$244.6 million$4 million1.6%Legal Sports ReportAugust 2018$247.6 million$12.6 million5.1%Legal Sports ReportSeptember 2018$571 million$56.3 million9.9%Legal Sports ReportOctober 2018$528 million$29.5 million5.6%Legal Sports ReportNovember 2018$581 million$27 million4.7%Legal Sports ReportDecember 2018$544 million$44 million7.9%Legal Sports ReportJanuary 2019$497.5 million$14.6 million2.9%Legal Sports ReportFebruary 2019$458.6 million$35.8 million7.8%Legal Sports ReportMarch 2019$596.8 million$32.5 million5.5%Legal Sports ReportApril 2019$328.1 million$21.7 million6.6%Legal Sports ReportMay 2019$317.4 million$11.3 million3.6%Legal Sports ReportJune 2019$322.1 million$16.6 million5.2%Legal Sports ReportJuly 2019$235 million$10.5 million4.5%Legal Sports ReportAugust 2019$287.8 million$18.7 million6.5%Legal Sports ReportSeptember 2019$546.4 million$52.1 million7.4%Legal Sports ReportOctober 2019$543.6 million$47.9 million8.8%Legal Sports ReportNovember 2019$614.1 million$31.0 million5.1%Legal Sports ReportDecember 2019$571.2 million$26.3 million4.0%Legal Sports ReportJanuary 2020$502.5 million$20.2 million6.1%Legal Sports ReportDelaware
Legalized land-based wagering: Effectively May 14, 2018, the day of the SCOTUS decision that struck down PASPA.
Legalized online/mobile wagering: N/A
First wager taken: Tuesday, June 5, 2018 — Dover Downs Racetrack
Tax Rate: Revenue-sharing model
*Scientific Games (central system, terminals, risk management)- Receive 12.5 percent of revenue
*State– Receives 50 percent of revenue
*Casinos– Receive 40 percent of revenue
*Horse Racing Industry – Receives 10 percent of revenue as supplement for pursesMonth*Total HandleTotal Revenue/HoldHold %StoryJune 2018 $7 million$1 million14.3%Legal Sports ReportJuly 2018$8.2 million$527,1406.4%Legal Sports ReportAugust 2018$7.7 million$706,0009.2%Legal Sports ReportSeptember 2018$16.8 million$3.15 million18.8%Legal Sports ReportOctober 2018$14.7 million$448,5783.5%November 2018$16.3 million$1.3 million8.0%December 2018$13.6 million$2.2 million16.2%January 2019$12.7 million$1.59 million12.5%February 2019$8.5 million$236,4482.8%March 2019$9.3 million$1.7 million17.9%April 2019$6.5 million$736,90611.3%May 2019$5.5 million$431,1687.8%June 2019$5.4 million$457,1808.4%July 2019$4.4 million$641,73514.6%August 2019$5.6 million$938,42615.7%September 2019$10.2 million$2.1 million20.8%October 2019$10.8 million$2.1 million10.9%November 2019$8.8 million$1.3 million15.2%December 2019$11.1 million$1.7 million13.9%
*The Delaware lottery does not do its accounting on a calendar month basis.New Jersey
Legalized land-based wagering: Gov. Phil Murphy signed A 4111 on June 11, 2018
Legalized online/mobile wagering: Mobile betting was legalized on July 18, 2018. DraftKings Sportsbook was the first to accept a legal online bet on Aug. 3.
First legal wager taken: Thursday, June 14, 2018 — Monmouth Park Racetrack
Tax Rate:
*8.5 percent for land-based sports betting revenue
*13.0 percent for casino-based online sports betting revenue
*14.25 percent for racetrack-based online sports betting revenueMonthTotal HandleTotal Revenue/HoldHold %StoryJune 2018$16.4 million$3.5 million21.3%Legal Sports ReportJuly 2018$40.7 million$3.8 million9.3%Legal Sports ReportAugust 2018$95.6 million$9.2 million9.6%Legal Sports ReportSeptember 2018$184 million$23.9 million13.0%Legal Sports ReportOctober 2018$260.7 million$11.7 million4.5%Legal Sports ReportNovember 2018$330 million$21.2 million7.4%Legal Sports ReportDecember 2018$319 million$20.8 million6.5%Legal Sports ReportJanuary 2019$385 million$18.8 million4.9%Legal Sports ReportFebruary 2019$320.4 million$12.8 million4.0%Legal Sports ReportMarch 2019$372.5 million$31.7 million8.5%Legal Sports ReportApril 2019$313.8 million$21.2 million6.8%Legal Sports ReportMay 2019$318.9 million$15.5 million4.9%Legal Sports ReportJune 2019$273.2 million$9.7 million3.6%Legal Sports ReportJuly 2019$251.4 million$17.9 million7.1%Legal Sports ReportAugust 2019$293.6 million$25.2 million8.6%Legal Sports ReportSeptember 2019$445.6 million$37.9 million8.5%Legal Sports ReportOctober 2019$487.9 million$46.4 million9.5%Legal Sports ReportNovember 2019$562.7 million$32.9 million5.9%Legal Sports ReportDecember 2019$557.8 million$29.4 million5.3%Legal Sports ReportJanuary 2020$540.1 million$53.6 million9.9%Legal Sports ReportFebruary 2020$494.8 million$17.0 million3.4%Legal Sports ReportMississippi
Legalized land-based wagering: March 13, 2017 — Governor Phil Bryant signs Fantasy Contests Act, which included a provision to decriminalize sports betting. Official regulations approved June 21, 2018
Legalized online/mobile wagering: Same date, although online wagering will only be allowed on casino grounds.
Tax Rate: 12.0 percent of all sports betting revenue (8.0 percent to state, 4.0 percent to local municipalities)MonthTotal HandleTotal Revenue/HoldHold %StoryAugust 2018$6.3 million$644,00010.2%Legal Sports ReportSeptember 2018$31.7 million$5.5 million17.3%Legal Sports ReportOctober 2018$32.8 million$1.18 million3.6%November 2018$44.5 million$1.67 million3.8%Legal Sports ReportDecember 2018$41.7 million$6.1 million14.6%Legal Sports ReportJanuary 2019$35.2 million$2.8 million$7.9%February 2019$25.1 million$2.8 million11.0%March 2019$32.4 million$4.9 million15.1%April 2019$19.2 million$2.1 million10.7%May 2019$17.4 million$1.2 million6.8%June 2019$15.2 million$1.6 million10.7%July 2019$13.4 million$1.1 million7.9%August 2019$19.9 million$2.9 million14.5%September 2019$37.8 million$5.6 million14.9%October 2019$48.0 million$12.2 million25.6%November 2019$56.4 million$3.8 million6.7%December 2019$49.1 million$3.5 million7.1%January 2020$45.2 million$4.6 million10.3%February 2020$34.5 million$2.1 million6.1%West Virginia
Legalized land-based wagering: March 9, 2018
Legalized online/mobile wagering: December 2018
License Fee: $100,000
Tax Rate: 10.0 percent of all sports betting revenueMonthTotal HandleTotal Revenue/HoldHold %StorySeptember 2018$7.44 million$1.99 million26.8%October 2018$10.2 million$594,0005.8%November 2018$13.3 million$1.33 million10%December 2018$42.6 million$5.5 million12.9%PlayWVJanuary 2019$19.7 million$1.4 million7.1%February 2019$16.8 million$228,2851.4%March 2019$15.3 million$1.8 million11.8%April 2019$11.0 million$699,1846.4%May 2019$9.4 million$719,0977.6%June 2019$7.9 million$425,2155.4%July 2019$6.9 million$694,93410%August 2019$11.6 million$1.5 million13.3%September 2019$27.5 million$4.1 million15.0%October 2019$32.8 million$3.2 million9.7%November 2019$35.3 million$1.9 million5.3%December 2019$34.2 million$2.7 million7.9%January 2020$39.2 million$3.1 million7.8%February 2020$40.8 million-$419,691-0.1%Pennsylvania
Legalized land-based wagering: Oct. 30, 2017, when Governor Tom Wolf signed omnibus gaming bill
Legalized online/mobile wagering: Oct. 30, 2017 (launched May 28, 2019)
License Fee: $10 million
Tax Rate: 36.0 percent for land-based and online sports betting revenueMonthTotal HandleTotal Revenue/HoldHold %StoryNovember 2018$1.41 million$508,99636%PlayPennsylvaniaDecember 2018$16.17 million$2.0 million12.4%PlayPennsylvaniaJanuary 2019$32.0 million$2.6 million8.1%PlayPennsylvaniaFebruary 2019$31.5 million$1.9 million6.2%PlayPennsylvaniaMarch 2019$44.5 million$5.5 million12.4%PlayPennsylvaniaApril 2019$36.9 million$4.2 million11.5%Legal Sports ReportMay 2019$35.9 million$2.8 million8.0%PlayPennsylvaniaJune 2019$46.3 million$3.1 million6.8%PlayPennsylvaniaJuly 2019$59.3 million$5.1 million8.6%Legal Sports ReportAugust 2019$109 million$9.9 million9.1%Legal Sports ReportSeptember 2019$194.5 million$19.3 million9.9%Legal Sports ReportOctober 2019$241.2 million$19.1 million7.9%Legal Sports ReportNovember 2019$316.5 million$20.1 million6.5%Legal Sports ReportDecember 2019$342.6 million$17.5 million5.1%Legal Sports ReportJanuary 2020$348.4 million$31.6 million9.1%Legal Sports ReportFebruary 2020$329.8 million$11.4 million3.5%Legal Sports ReportRhode IslandSports Gambling Legalized
Legalized land-based wagering: June 22, 2018 — Gov. Gina Raimondo signed into law as part of $9.6 billion budget plan
Legalized online/mobile wagering: N/A
Tax Rate: Revenue-sharing model
*State– Receives 51 percent of revenue
*Vendors– Receive 32 percent of revenue
*Casinos – Receive 17 percent of revenueMonthTotal HandleTotal Revenue/HoldHold %StoryNovember 2018$682,714$72,997$10.7%Legal Sports ReportDecember 2018$13.1 million$957,9137.3%January 2019$19.0 million$159,9780.8%February 2019$20.7 million-$890,623-4.3%March 2019$23.6 million$1.5 million6.6%April 2019$16.9 million$2.0 million11.7%May 2019$18.9 million$899,1654.8%June 2019$14.7 million$2.1 million14.6%August 2019$10.0 million$851,7888.5%September 2019$22.2 million$2.5 million11.3%October 2019$28.3 million$2.5 million8.7%November 2019$31.5 million$2.8 million8.7%December 2019$31.6 million$2.6 million8.1%January 2020$26.9 million$3.3 million12.2%New York
Legalized land-based wagering: Sports betting at commercial casinos became legal in 2013. The first retail sportsbooks in NY launched in July 2019.
Legalized online/mobile wagering: N/A
Tax Rate: 8.5% for land-based wagering. 12.5% for online wagering.Arkansas
Legalized land-based wagering: November 2018 (voter referendum). Launched July 1, 2019.
Legalized online/mobile wagering: Mobile betting is only permitted on casino property as of July 1, 2019.
Tax Rate: 12.5% for retail sports betting revenue.
No revenue reports for Arkansas sports betting have been released.Sports Gambling LegalizationIowa
Legalized land-based and online/mobile wagering: May 2019. Launched August 2019
Tax Rate: 6.75% of revenueIndiana
Legalized land-based wagering: Launched September 2019.
Legalized online/mobile wagering: Launched October 2019.
Tax Rate: 9.5% of revenueOregon
Legalized online/mobile wagering: August 2019. Launched October 2019.
Tax Rate: 2.3% of revenue.Colorado
Legalized land-based wagering: November 2019. Launch TBD.
Legalized online/mobile wagering: November 2019. Launched May 2, 2020.
Tax Rate: 10% of revenueStates with potential in 2020
A number of states made progress during their respective 2019 legislative sessions on sports betting laws, but not enough to actually enact them. The next opportunity for those jurisdictions will come in 2020. A look at which states seem to be on track to have legalized sports betting within the next 12 months.
Sports Gambling Analyst Jobs
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*Sports Gambling Legal States
*Sports Gambling Legalized
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What Does Handle Mean In Sports Betting and Wagering? Casino shop charonne 75011 paris. By Doc’s Sports - Much like any business venture you embark on, the most important part of the journey (for most) is the bottom line. The sports wagering business is big in the Hoosier State, as September’s $207.4 million betting handle figure set a new record for the state. DraftKings and FanDuel dominate the Indiana market share. Mobile wagering accounted for 81% of overall bets in September for Indiana. Sports Handle Reporting Is Cited In For more in-depth and breaking coverage of the national sports betting and online gambling industries, visit our sister site US Bets. Also, visit NJ Online Gambling for news, updates, and analysis focused on the New Jersey online casino and sports betting industries, Penn Bets for Pennsylvania online gambling coverage, and Hoosier State Bets for Indiana online sportsbook news. Every month the Division of Gaming Enforcement releases the previous month’s legal sports betting handle and revenue. “Handle” refers to the total amount wagered, while “revenue” is what’s left over after the winning tickets are paid.
Iselin, N.J., Dec. 10, 2020 /PRNewswire/ -- World SportsNetwork reports Indiana’s November handle jumped 8.86% fromOctober to November. The handle report, which is published monthlyby the Indiana Gaming Commission, shows a third straight month ofrecord setting numbers for sports betting coming out of thestate.
The report indicates high market confidence in bettors sincebettable funds are usually what an earner deems as excess funds.For instance sports betting handles across the country plummetedduring the initial wave of the corona pandemic in the face ofuncertain employment speculation.
’When we’re looking at the reports we are always thinking ahead towhat will happen next month. December is always a time whenpeople spend money on the holidays. When you take into account thatthe number of people who participate in sports betting in newlylegalized states has not reached its full potential then you have acase where people may be betting less, but every consecutive monthsees more people betting. With that in mind we predict thatIndiana will see another record breaking month in December,assuming there isn’t a sudden and serious second wave.’ -Evan Henningsen, an Editor atWSN.
Indiana sits in the rust belt and is flanked by states that havealso legalized sports betting, meaning that the Indiana handlereports may be a good indicator for what can be expected in thetri-state area.
CONTACT:
gustave seeberg
gustave.seeberg@wsn.com
+4526608652
This information was brought to you by Cisionhttp://news.cision.com
https://news.cision.com/wsn---world-sports-network/r/indiana-november-sports-betting-handle-jumps-to--251-403-994---all-time-high,c3252729
Single-game sports betting within the United States was only legal in Nevada until May 14, 2018. On that date, the SCOTUS struck downPASPA, effectively unlocking the legislative key for states that wished to legalize and regulate sports betting within their borders. In the months prior to that date, a handful of states had proactively passed legislation designed to go into effect or further mature if and when the PASPA was eradicated.
Delaware was the first state outside of Nevada to launch single-game sports betting on June 5, taking advantage of its status as an original “grandfathered” state under PASPA. That allowed it to begin taking single-game wagers without any immediate further legislation. New Jersey soon followed, officially taking its first wager June 14.
A total of seven states had legal sports betting markets by the end of 2018. That number climbed to 15 in 2019. Below we take a look at the monthly sports betting handle and hold for each, along with the key facts to know in each market.
For a more in-depth breakdown of these numbers, visit LegalSportsReport.com.
Star city roulette. The Star provides many traditional casino games, including Mini Baccarat, Blackjack, Caribbean Stud, Craps, Pai Gow, Poker, Pontoon, Roulette, Rapid (semi-electronic) Roulette, Sic Bo and Three card poker Two-Up was available at Star City but was removed at the end of October 2003 as the game was not considered to be economically viable. Star City has recently opened the sports bar as well. The Star provides many traditional casino games, including Mini Baccarat, Blackjack, Caribbean Stud, Craps, Pai Gow, Poker, Pontoon, Roulette, Sic Bo and Three card poker. Star City Casino has over 200 table games that include 2-Up, 7-Up Baccarat, Bingo, Baccarat, BACEball, Blackjack, Blackjack Challenge, Blackjack Switch, Pink jack, Roulette, Rapid Roulette, Craps, Poker, Three Card Poker, Four Card poker, Texas Hold’em Bonus Poker, Caribbean Stud Poker, Pontoon, Pai Gow, Big Wheel, Dragon Fire, Sic Bo.Where is legal sports betting available in the U.S.?Nevada
Legalized land-based wagering: 1949
Legalized online/mobile wagering: 2010
Tax Rate: 6.75 percent for land-based sports betting revenueSports Gambling Legal StatesMonthTotal HandleTotal Revenue/HoldHold %StoryJanuary 2018$418.6 million$25.1 million6.0%Legal Sports ReportFebruary 2018$411.7 million$10.7 million2.6%Legal Sports ReportMarch 2018$522 million$34.2 million6.6%Legal Sports ReportApril 2018$316 million$16.3 million5.2%Legal Sports ReportMay 2018 $315.5 million$20.5 million6.5%Legal Sports ReportJune 2018$286.5 million$20.2 million7.1%Legal Sports ReportJuly 2018$244.6 million$4 million1.6%Legal Sports ReportAugust 2018$247.6 million$12.6 million5.1%Legal Sports ReportSeptember 2018$571 million$56.3 million9.9%Legal Sports ReportOctober 2018$528 million$29.5 million5.6%Legal Sports ReportNovember 2018$581 million$27 million4.7%Legal Sports ReportDecember 2018$544 million$44 million7.9%Legal Sports ReportJanuary 2019$497.5 million$14.6 million2.9%Legal Sports ReportFebruary 2019$458.6 million$35.8 million7.8%Legal Sports ReportMarch 2019$596.8 million$32.5 million5.5%Legal Sports ReportApril 2019$328.1 million$21.7 million6.6%Legal Sports ReportMay 2019$317.4 million$11.3 million3.6%Legal Sports ReportJune 2019$322.1 million$16.6 million5.2%Legal Sports ReportJuly 2019$235 million$10.5 million4.5%Legal Sports ReportAugust 2019$287.8 million$18.7 million6.5%Legal Sports ReportSeptember 2019$546.4 million$52.1 million7.4%Legal Sports ReportOctober 2019$543.6 million$47.9 million8.8%Legal Sports ReportNovember 2019$614.1 million$31.0 million5.1%Legal Sports ReportDecember 2019$571.2 million$26.3 million4.0%Legal Sports ReportJanuary 2020$502.5 million$20.2 million6.1%Legal Sports ReportDelaware
Legalized land-based wagering: Effectively May 14, 2018, the day of the SCOTUS decision that struck down PASPA.
Legalized online/mobile wagering: N/A
First wager taken: Tuesday, June 5, 2018 — Dover Downs Racetrack
Tax Rate: Revenue-sharing model
*Scientific Games (central system, terminals, risk management)- Receive 12.5 percent of revenue
*State– Receives 50 percent of revenue
*Casinos– Receive 40 percent of revenue
*Horse Racing Industry – Receives 10 percent of revenue as supplement for pursesMonth*Total HandleTotal Revenue/HoldHold %StoryJune 2018 $7 million$1 million14.3%Legal Sports ReportJuly 2018$8.2 million$527,1406.4%Legal Sports ReportAugust 2018$7.7 million$706,0009.2%Legal Sports ReportSeptember 2018$16.8 million$3.15 million18.8%Legal Sports ReportOctober 2018$14.7 million$448,5783.5%November 2018$16.3 million$1.3 million8.0%December 2018$13.6 million$2.2 million16.2%January 2019$12.7 million$1.59 million12.5%February 2019$8.5 million$236,4482.8%March 2019$9.3 million$1.7 million17.9%April 2019$6.5 million$736,90611.3%May 2019$5.5 million$431,1687.8%June 2019$5.4 million$457,1808.4%July 2019$4.4 million$641,73514.6%August 2019$5.6 million$938,42615.7%September 2019$10.2 million$2.1 million20.8%October 2019$10.8 million$2.1 million10.9%November 2019$8.8 million$1.3 million15.2%December 2019$11.1 million$1.7 million13.9%
*The Delaware lottery does not do its accounting on a calendar month basis.New Jersey
Legalized land-based wagering: Gov. Phil Murphy signed A 4111 on June 11, 2018
Legalized online/mobile wagering: Mobile betting was legalized on July 18, 2018. DraftKings Sportsbook was the first to accept a legal online bet on Aug. 3.
First legal wager taken: Thursday, June 14, 2018 — Monmouth Park Racetrack
Tax Rate:
*8.5 percent for land-based sports betting revenue
*13.0 percent for casino-based online sports betting revenue
*14.25 percent for racetrack-based online sports betting revenueMonthTotal HandleTotal Revenue/HoldHold %StoryJune 2018$16.4 million$3.5 million21.3%Legal Sports ReportJuly 2018$40.7 million$3.8 million9.3%Legal Sports ReportAugust 2018$95.6 million$9.2 million9.6%Legal Sports ReportSeptember 2018$184 million$23.9 million13.0%Legal Sports ReportOctober 2018$260.7 million$11.7 million4.5%Legal Sports ReportNovember 2018$330 million$21.2 million7.4%Legal Sports ReportDecember 2018$319 million$20.8 million6.5%Legal Sports ReportJanuary 2019$385 million$18.8 million4.9%Legal Sports ReportFebruary 2019$320.4 million$12.8 million4.0%Legal Sports ReportMarch 2019$372.5 million$31.7 million8.5%Legal Sports ReportApril 2019$313.8 million$21.2 million6.8%Legal Sports ReportMay 2019$318.9 million$15.5 million4.9%Legal Sports ReportJune 2019$273.2 million$9.7 million3.6%Legal Sports ReportJuly 2019$251.4 million$17.9 million7.1%Legal Sports ReportAugust 2019$293.6 million$25.2 million8.6%Legal Sports ReportSeptember 2019$445.6 million$37.9 million8.5%Legal Sports ReportOctober 2019$487.9 million$46.4 million9.5%Legal Sports ReportNovember 2019$562.7 million$32.9 million5.9%Legal Sports ReportDecember 2019$557.8 million$29.4 million5.3%Legal Sports ReportJanuary 2020$540.1 million$53.6 million9.9%Legal Sports ReportFebruary 2020$494.8 million$17.0 million3.4%Legal Sports ReportMississippi
Legalized land-based wagering: March 13, 2017 — Governor Phil Bryant signs Fantasy Contests Act, which included a provision to decriminalize sports betting. Official regulations approved June 21, 2018
Legalized online/mobile wagering: Same date, although online wagering will only be allowed on casino grounds.
Tax Rate: 12.0 percent of all sports betting revenue (8.0 percent to state, 4.0 percent to local municipalities)MonthTotal HandleTotal Revenue/HoldHold %StoryAugust 2018$6.3 million$644,00010.2%Legal Sports ReportSeptember 2018$31.7 million$5.5 million17.3%Legal Sports ReportOctober 2018$32.8 million$1.18 million3.6%November 2018$44.5 million$1.67 million3.8%Legal Sports ReportDecember 2018$41.7 million$6.1 million14.6%Legal Sports ReportJanuary 2019$35.2 million$2.8 million$7.9%February 2019$25.1 million$2.8 million11.0%March 2019$32.4 million$4.9 million15.1%April 2019$19.2 million$2.1 million10.7%May 2019$17.4 million$1.2 million6.8%June 2019$15.2 million$1.6 million10.7%July 2019$13.4 million$1.1 million7.9%August 2019$19.9 million$2.9 million14.5%September 2019$37.8 million$5.6 million14.9%October 2019$48.0 million$12.2 million25.6%November 2019$56.4 million$3.8 million6.7%December 2019$49.1 million$3.5 million7.1%January 2020$45.2 million$4.6 million10.3%February 2020$34.5 million$2.1 million6.1%West Virginia
Legalized land-based wagering: March 9, 2018
Legalized online/mobile wagering: December 2018
License Fee: $100,000
Tax Rate: 10.0 percent of all sports betting revenueMonthTotal HandleTotal Revenue/HoldHold %StorySeptember 2018$7.44 million$1.99 million26.8%October 2018$10.2 million$594,0005.8%November 2018$13.3 million$1.33 million10%December 2018$42.6 million$5.5 million12.9%PlayWVJanuary 2019$19.7 million$1.4 million7.1%February 2019$16.8 million$228,2851.4%March 2019$15.3 million$1.8 million11.8%April 2019$11.0 million$699,1846.4%May 2019$9.4 million$719,0977.6%June 2019$7.9 million$425,2155.4%July 2019$6.9 million$694,93410%August 2019$11.6 million$1.5 million13.3%September 2019$27.5 million$4.1 million15.0%October 2019$32.8 million$3.2 million9.7%November 2019$35.3 million$1.9 million5.3%December 2019$34.2 million$2.7 million7.9%January 2020$39.2 million$3.1 million7.8%February 2020$40.8 million-$419,691-0.1%Pennsylvania
Legalized land-based wagering: Oct. 30, 2017, when Governor Tom Wolf signed omnibus gaming bill
Legalized online/mobile wagering: Oct. 30, 2017 (launched May 28, 2019)
License Fee: $10 million
Tax Rate: 36.0 percent for land-based and online sports betting revenueMonthTotal HandleTotal Revenue/HoldHold %StoryNovember 2018$1.41 million$508,99636%PlayPennsylvaniaDecember 2018$16.17 million$2.0 million12.4%PlayPennsylvaniaJanuary 2019$32.0 million$2.6 million8.1%PlayPennsylvaniaFebruary 2019$31.5 million$1.9 million6.2%PlayPennsylvaniaMarch 2019$44.5 million$5.5 million12.4%PlayPennsylvaniaApril 2019$36.9 million$4.2 million11.5%Legal Sports ReportMay 2019$35.9 million$2.8 million8.0%PlayPennsylvaniaJune 2019$46.3 million$3.1 million6.8%PlayPennsylvaniaJuly 2019$59.3 million$5.1 million8.6%Legal Sports ReportAugust 2019$109 million$9.9 million9.1%Legal Sports ReportSeptember 2019$194.5 million$19.3 million9.9%Legal Sports ReportOctober 2019$241.2 million$19.1 million7.9%Legal Sports ReportNovember 2019$316.5 million$20.1 million6.5%Legal Sports ReportDecember 2019$342.6 million$17.5 million5.1%Legal Sports ReportJanuary 2020$348.4 million$31.6 million9.1%Legal Sports ReportFebruary 2020$329.8 million$11.4 million3.5%Legal Sports ReportRhode IslandSports Gambling Legalized
Legalized land-based wagering: June 22, 2018 — Gov. Gina Raimondo signed into law as part of $9.6 billion budget plan
Legalized online/mobile wagering: N/A
Tax Rate: Revenue-sharing model
*State– Receives 51 percent of revenue
*Vendors– Receive 32 percent of revenue
*Casinos – Receive 17 percent of revenueMonthTotal HandleTotal Revenue/HoldHold %StoryNovember 2018$682,714$72,997$10.7%Legal Sports ReportDecember 2018$13.1 million$957,9137.3%January 2019$19.0 million$159,9780.8%February 2019$20.7 million-$890,623-4.3%March 2019$23.6 million$1.5 million6.6%April 2019$16.9 million$2.0 million11.7%May 2019$18.9 million$899,1654.8%June 2019$14.7 million$2.1 million14.6%August 2019$10.0 million$851,7888.5%September 2019$22.2 million$2.5 million11.3%October 2019$28.3 million$2.5 million8.7%November 2019$31.5 million$2.8 million8.7%December 2019$31.6 million$2.6 million8.1%January 2020$26.9 million$3.3 million12.2%New York
Legalized land-based wagering: Sports betting at commercial casinos became legal in 2013. The first retail sportsbooks in NY launched in July 2019.
Legalized online/mobile wagering: N/A
Tax Rate: 8.5% for land-based wagering. 12.5% for online wagering.Arkansas
Legalized land-based wagering: November 2018 (voter referendum). Launched July 1, 2019.
Legalized online/mobile wagering: Mobile betting is only permitted on casino property as of July 1, 2019.
Tax Rate: 12.5% for retail sports betting revenue.
No revenue reports for Arkansas sports betting have been released.Sports Gambling LegalizationIowa
Legalized land-based and online/mobile wagering: May 2019. Launched August 2019
Tax Rate: 6.75% of revenueIndiana
Legalized land-based wagering: Launched September 2019.
Legalized online/mobile wagering: Launched October 2019.
Tax Rate: 9.5% of revenueOregon
Legalized online/mobile wagering: August 2019. Launched October 2019.
Tax Rate: 2.3% of revenue.Colorado
Legalized land-based wagering: November 2019. Launch TBD.
Legalized online/mobile wagering: November 2019. Launched May 2, 2020.
Tax Rate: 10% of revenueStates with potential in 2020
A number of states made progress during their respective 2019 legislative sessions on sports betting laws, but not enough to actually enact them. The next opportunity for those jurisdictions will come in 2020. A look at which states seem to be on track to have legalized sports betting within the next 12 months.
Sports Gambling Analyst Jobs
*Maryland
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