Articles by Zach Wolpin (314)
On Monday, BetRivers announced they will not implement a surcharge on winning bets. They are the first sportsbook to make a public statement saying they would not follow in the footsteps of DraftKings. Rush Street Interactive CEO Richard Schwartz says his company puts their customers first and adding a surcharge tax would not benefit gamblers. […]
In New York, FanDuel is normally the sportsbook that consistently has a double-digit weekly hold. However, six of the state’s nine mobile sportsbooks had a win rate of 11% or higher for the week ending on July 28. These figures were published by the New York State Gaming Commission on Friday. The state claimed $34.3 […]
For the second straight quarter, Rush Street Interactive had strong results in the market. Additionally, their stock jumped nearly 18%. Rush Street Interactive is the parent company of BetRivers. Their CEO Richard Schwartz said it is clear that their approach is working. They continue to exceed their expectations and this past quarter was the game. […]
Recently, the Virginia Lottery reported $45.5 million in gross sports betting revenue in June. That was the third consecutive month that operators had a double-digit hold. Additionally, their win rate narrowly missed 11% for the third time this year. Operator winnings surged 39.3% compared to their numbers in 2023. Virginia became the 10th state to […]
This past Tuesday, the Missouri Secretary of State’s office received the Missouri sports betting ballot petition signature reports from local election authorities. The Missouri sports betting initiative is working diligently to get a spot on the November ballot. However, it could take up to two weeks until an official decision is made. Their next step […]
On Thursday, industry operator DraftKings announced that they plan to implement a gaming tax surcharge to customer net winnings in four states. That includes Illinois, New York, Pennsylvania, and Vermont. This news broke ahead of DraftKings Q2 which will start on Friday morning. DraftKings expects this surcharge to go into effect on January 1. Sources […]
In June, the Ohio Casino Control Commission and Ohio Lottery reported $51.3 million in gross sports betting revenue. FanDuel had another big month in Ohio. State operator winnings were up 56.8% compared to June 2023. That outpaced the 46.1% surge they saw in their handle to $530.6 million with the win 9.7% win rate nearly […]
The 2024 college football season is just weeks away. Hundreds of teams across the country are preparing themselves for what they hope is a winning season. This season, the playoffs are finally expanding. Instead of four teams making the college football playoff, 12 teams will be in the playoffs. Teams who could not find their […]
In New York, operators are looking to add online casinos to their existing sports betting products. A recent poll suggests that many voters are undecided but there is support for iGaming to be legalized. New York State Senator Joe Addabbo conducted a poll in his district this past May. The data showed that 44% of […]
On Monday, the Colorado Department of Revenue reported $28.2 million in gross sports betting revenue for June. That is triple the $9.2 million in revenue that Colorado had in June 2023. Many sportsbooks in the state had to pay out futures last year when the Denver Nuggets won the NBA Finals. However, Colorado sportsbook operators […]