State of the Union: US Sport Betting Update – 888 and Sports Illustrated Team Up for Online Sportsbook

888 Holdings has announced plans to launch a Sports Illustrated branded online sportsbook after agreeing to a joint venture with the magazine’s owner. SI Sportsbook will go live in Colorado later this year and then expand into New Jersey, Indiana and Iowa. 888 expects to add between two and four new states on an annual basis as it ties up market access deals with land-based casinos. The partners have agreed to a joint venture

State of the Union – US Sports Betting Update: Illinois Becomes the Country’s Second Largest Market for Sports Wagering

Illinois became the second-largest sports betting market in the United States by taking a handle of $537.2 million in April. That left it ahead of Pennsylvania and Nevada, which handled $479.4 million and $454.7 million respectively during the month of April. Only New Jersey, with a handle of $748 million, surpassed Illinois. Betting at the state’s online and retail sportsbooks actually decreased by 15.2% from a record $633.6 million in March.

State of the Union: US Sports Betting Update – Arizona Sports Betting to Launch in Time for New NFL Season

Arizona Sports Betting to Launch in Time for New NFL Season The Arizona Department of Gaming has set a provisional launch date of September 9 for legal sportsbooks to go live in the state. The US Department of Interior has now ratified the new tribal-state gaming compact, which paves the way for legal sports wagering to get underway in Arizona. The legal framework is in place and operators will now spend the next three months preparing to launch.

State of the Union: US Sports Betting Update – Nevada Sports Betting Handle Dwindled in April

Nevada Sports Betting Handle Dwindled in April A March Madness hangover caused Nevada’s sports betting handle to decrease by 29.1% month-on-month in April. The Silver State took $641 million in sports wagers during March, but that figure dipped to $454.7 million during a relatively quiet April trading period. Sports betting revenue declined by 30.8% to reach $27.2 million. It means that Nevada had the country’s third largest sports betting market in April, behind New Jersey and Pennsylvania.

State of the Union: US Sports Betting Update – New Jersey Reports $748m Sports Betting Handle

New Jersey Reports $748m Sports Betting Handle New Jersey retained its status as the sports betting capital of America by taking a handle of $748 million in April. That represented a 1270% year-on-year increase on April 2020, when the Covid-19 pandemic ravaged the sporting calendar and caused retail sportsbooks to close. The Garden State has enjoyed an impressive rebound over the past year, and it continues to lead the country in terms of handle and revenue.

State of the Union: US Sports Betting Update – FanDuel Chief Executive to Stand Down

FanDuel has announced that chief executive Matt King is stepping down after four years in the role. King replaced company founder Nigel Eccles after the government blocked a proposed merger with DraftKings in 2017. Irish gambling giant Paddy Power Betfair then swooped in to buy FanDuel after the Supreme Court overturned a federal sports wagering ban the following year. King has since overseen FanDuel’s transformation from a daily fantasy sports provider to the most popular online sportsbook in the United States.

State of the Union – US Sports Betting Update – Caesars Outlines “Aggressive” Bid to Increase Market Share

Caesars Entertainment has pledged to become more aggressive in a bid to increase its share of the burgeoning US sports betting market. The firm has just completed a $3.7 billion takeover of British bookmaking giant William Hill. It plans to immediately sell the company’s non-US assets, and it has promised to significantly ramp up its investment in the American sports betting sector. William Hill is the market-leading sportsbook in Nevada and Iowa, and it has also launched in Colorado, Illinois, Indiana, Michigan, Nevada, New Jersey, West Virginia, and Washington, D.

State of the Union: US Sports Betting Update – Florida Could Launch Online Sports Betting This Summer

Online sports betting could launch in Florida this summer after Governor Ron DeSantis signed a new gaming compact with the Seminole Tribe. The compact establishes the regulatory framework required to bring online sports wagering to the Sunshine State. Gov. DeSantis wants the first sportsbooks to launch “by the summer” in order to capitalize upon the start of the new NFL season. Florida now has the potential to emerge as the new sports betting capital of the United States.

State of the Union: US Sports Betting Update – March Madness Drives Strong Revenue Increases for Sportsbooks

March Madness Drives Strong Revenue Increases for Sportsbooks The return of March Madness led to strong revenue increases for sportsbooks across the United States last month. New Jersey saw its sports wagering handle increase to $859 million thanks to the popularity of the NCAA Men’s Basketball Tournament. Sportsbooks generated $60.7 million in revenue, which amounted to a hold of slightly more than 7%. Basketball accounted for $434 million of the Garden State’s handle in March.

State of the Union: US Sports Betting Update – NFL Signs Sports Betting Partnership Deals with Three Operators

The NFL has inked a trio of historic partnership deals with leading sportsbook providers Caesars Entertainment, DraftKings and FanDuel. The three companies will be permitted to use NFL trademarks and official league data, while integrating “relevant sports betting content” directly onto NFL.com and the NFL app. They will also be able to show NFL highlights on their platforms and launch free-to-play NFL-themed games to drive fan engagement. It marks the completion of a 360-degree shift in the NFL’s stance on sports betting.