Revenue

Funding for the Michigan horse racing industry quadrupled in 2021 due to increased contributions from expanded gaming. On Monday, the Michigan Gaming Control Board (MGCB) reported the state’s horse racing industry will receive more than $8.1 million from taxes collected from legal gambling activities in 2021, up from $2 million the previous year. MGCB Executive…

The Virginia sports betting industry had a strong start to the 2021 NFL season, with September wagers returning a state record of $30,929,243 in monthly revenue. Such a figure was good for a 10.5% hold from the $293 million wagered, both of which were also the second-highest totals in Virginia’s sports betting history.

In a little over a year since legalizing sports betting, Illinois has quickly risen the ranks. It is now the number two sports betting market in the nation, surpassing both Pennsylvania and Nevada in recent months. Of course, the latter is the longest established sports betting industry in the US, making Illinois’ quick ascent even…

Several recent additions to the legal sports betting ranks have found immediate success. Michigan has gotten off to a roaring start, as has Virginia. After launching on January 21, the Virginia sports betting industry surpassed $1 billion in handle by the end of May, just the fourth full month of operations.

Colorado sports betting has been fully legal and operational in for over a year now, with May 1 marking its first anniversary. With the recent release of April’s monthly statistics, we now have a full year’s worth of data to go along with the milestone.

The Michigan online casino industry sprang into being fully formed. Unlike New Jersey, which is still searching for its ceiling seven-plus years after it launched, revenue at Michigan online casinos is already leveling off and looks to have found its ceiling just two months after launch.

According to a press release from the Virginia Lottery, “bettors wagered more than $304 million, including more than $83 million on March Madness” at legal Virginia sportsbooks in March.

There’s no shortage of data to parse when it comes to the burgeoning legal sports betting markets in the US.  Everyone has their vision of what a thriving market should look like, and with so much data on hand, it’s easy to look for datasets that back up your opinions.

November was another solid month for the Indiana sports betting market. November marks the third consecutive month Indiana set a new record for sports betting wagers, surpassing $250 million for the first time. It was also the third straight month where the state’s legal sportsbooks set a new revenue record, as total sports betting revenue…