Tag: Retail sports betting

In February sports betting revenue in Iowa increased 14.3% year-on-year to $13.6m (£10.6m/€12.4m) despite a decline in the retail market.

Revenue was comfortably higher than $11.9m in February 2023. However, the monthly total was 38.5% less than the $22.1m generated in Iowa in January of this year.

Online sports betting revenue reached $13.8m in February, although the final total was dented by a $215,241 retail loss.

As for handle, players in Iowa wagered some $220.6m on sports during the month. This was 13.8% ahead of $193.9m last year but 15.0% behind $259.5m in January.

Of this spend, $203.8m was bet online and $16.7m at retail sportsbooks across the state.

FanDuel and Diamond Jo Dubuque still the ones to beat in Iowa

As has been the case for some time, FanDuel and Diamond Jo Dubuque remain the market leaders in Iowa. For February, the partnership generated $4.6m in revenue from $56.5m in wagers.

DraftKings and partner Wild Rose Jefferson again placed second with revenue of ..

Indiana reported a year-on-year increase in sports betting handle and revenue for February, although the state also posted a month-on-month decline, despite the impact of the NFL’s end-of-season Super Bowl showpiece.

Total handle for February reached $408.7m (£319.6m/€374.0m). This was 14.7% ahead of $356.2m last year, but down 14.9% from $480.3m in Indiana in January this year.

While Super Bowl LVIII was the sporting highlight of the month, this did not carry over into betting activity. Of all the wagers placed, just $14.1m were specifically for American football.

Basketball was the single most popular sport, drawing $117.6m of bets, with baseball at just $2.1m. Parlay wagering amounted to $191.0m and betting on other sports totalled $83.6m.

As for revenue, this reached $38.0m in February. The monthly total was 37.2% higher than $27.7m in February 2023 but 29.0% behind January’s record $53.5m.

FanDuel retakes the lead in Indiana… just

Blue Chip Casino and FanDuel claimed the top..

Gross gaming revenue from sports betting in Colorado hiked 50.7% year-on-year in January despite only a short increase in handle for the month.

Spending on sports betting in January amounted to $596.7m (£469.5m/€549.4m). This was 9.1% ahead of $547.2m in 2023 but 16.6% short of December’s record $716.4m spend in Colorado.

Of this total, $592.2m was wagered via online sportsbooks and $4.5m retail facilities across the state.

While the year-on-year handle rise was only modest, operators were much more successful in revenue terms. Gross gaming revenue reached $53.5m, some way clear of the $35.5m posted in January 2023.

The January total was also 32.1% higher than the $40.5m reported in December. This was despite players wagering around $120.0m less month-on-month.

Online wagering accounted for $53.3m of all revenue during the month. In contrast, retail contributed just $190,394.

Basketball betting drives growth in Colorado

While many were looking ahead to the NFL’s end-of-season S..

The New Hampshire Lottery reported further declines in the state’s sports betting market in January, with both handle and gross gaming revenue falling year-on-year.

Player spending in January amounted to $73.3m (£57.9m/€67.7m). This was 24.6% behind $97.2m in New Hampshire last January and 7.0% lower than $78.8m in December. It was also the second consecutive month of handle decline in the state.

Of this total, $62.7m was spent betting on sports online, while players wagered $10.6m at retail sportsbooks.

revenue was 7.0% lower than $78.8m in December 2023

Looking to gross gaming revenue, there was mixed news in the state. Revenue was down 20.3% from the record $12.3m in January 2023 but 27.3% ahead of $7.7m in December.

Some $8.9m of all revenue in January came from online betting. A further $951,079 was generated from wagering at retail sportsbooks across New Hampshire.

DraftKings remains the exclusive operator in the state’s online sports betting market. This arrangement has be..

Gross sports betting revenue in Arizona hit a new monthly high in December, despite handle declining month-on-month.

December gross revenue in Arizona amounted to $66.1m (£52.1m/€60.9m). This was up 22.1% from $54.4m in the previous year and also 62.4% ahead of November’s total.

Of this total, $65.2m came from online betting and $625,986 retail sportsbooks. A further $240,604 was generated by limited event wagering (LEW) operators.

This came off the back of $693.3m in total wagers placed during the month. Total player spend was 21.1% ahead of December 2022 but behind the record $713.6m wagered in November.

Online spend amounted to $685.1m, retail sportsbooks $6.4m and LEW operators $1.8m.

A total of $17.8m in free bets and promotional credits were noted in December. Almost all of this came from online betting.

As such, adjusted gross sports betting revenue for the month amounted to $48.3m, another new record. This was 30.3% higher than December 2022 and 139.4% more than $20.3m i..

Players in Louisiana wagered $346.3m (£275.1m/€321.4m) in January, an increase on the same month last year but less than December’s total, ending three months of consecutive growth in the Pelican State.

The monthly total was 22.7% higher than $282.3m in January 2023. However, it was 8.1% behind December’s record figure of $377.0m. Incidentally, December was the third straight month that Louisiana reported a record handle.

Of all bets placed in January, $317.8m were online and $28.5m at retail sportsbooks.

Looking at revenue for the Louisiana market as a whole, this was 72.1% higher than last year at $38.9m. However, the January total fell 30.3% short of December’s record $38.9 haul.

Online betting generated a total of $317.8m in revenue during the month. Retail’s share hit $28.5m in January.

Tax for the month amounted to $5.7m, with $5.3m coming from online betting and $340,385 in retail.

Louisiana year-to-date handle edges closer to $2.00bn

Looking at the state’s year-to-date p..

Consumers in Kansas spent $239.6m (£190.1m/€222.4m) on sports betting in January, while total revenue in the Sunflower State reached $14.3m.

Monthly handle was 16.3% ahead of January 2023 but 7.7% behind the $259.7m wagered in Kansas in December.

Online betting accounted for $228.6m of all bets placed during the month. In contrast, just $11.5m in wagers were reported at retail sportsbooks.

Turning to revenue, the January total was 138.3% higher than $6.0m in the same month last year. However, it was 28.9% behind the record $20.1m posted in December 2023.

Revenue from online sports betting in January amounted to $14.3m. Retail’s revenue share for the month reached $668,086.

Kansas Star and FanDuel lead the way

Kansas Star and partner, Flutter Entertainment-owned FanDuel, took top spot in the online market in January. Revenue from the partnership reached $6.1m from $77.3m.

kansas posted an all-time high monthly revenue figure of $20.1m in december

Boot Hill Casino and DraftKings,..