Articles by Zach Wolpin (314)
During Week 2 of the 2024 NFL season, there were several big-time upsets. In New York, their eight online operators almost set a weekly record for revenue. For the week ending on September 15, NY sportsbooks collected $69.2 million in revenue. Those figures were reported by the New York Gaming Commission. It was their second-highest […]
In mid-July, Penn Interactive announced that some employees working for ESPN would be laid off. Several well-known on-air personalities like Mark Jackson, Jeff Van Gundy, Suzy Kolber, Sam Ponder, and Jalen Rose were let go. The number of employees laid off by Penn Interactive in July is still being determined. Recently, it was announced that […]
On Thursday, current and former stakeholders in the sports betting industry met to discuss the opposition to federal regulation. Their stance has not waivered because they are against the regulatory expansion being forced upon them. Possibly the most expansive legislation for sports betting since the Supreme Court’s ruling in 2018. David Rebuck, the former long-time […]
The Pennsylvania Gaming Control Board (PGCB) reported the state’s figures for August 2024. Compared to their numbers from this time last year, Pennsylvania sports betting operators had 48.4% more gross gaming revenue. Their betting handle was $485.3 million, up 23.5% year-over-year. Additionally, the PGCB reported that retail sportsbooks in the state combined for $45.4 million […]
Recently, the Connecticut Department of Consumer Protection reported August’s wagering activity figures. In the first eight months of 2024, Connecticut sportsbooks have had a double-digit hold five times. Sportsbooks saw their total handle grow a combined 6% month-over-month to $129.2 million. Sports betting operators in the state generated $13.66 million in revenue from a 10.6% […]
On Tuesday, the Michigan Gaming Control Board reported that sportsbooks combined for a hold of over 10% in August. This was their fifth consecutive month with a double-digit hold. Their longest streak has a hold of at least 10% since sports wagering started in 2020. Of the $29.1 million in revenue last month, $27.4 million […]
In the United States, the Responsible Online Gaming Association (ROGA) is taking a major step toward promoting responsible gaming. Their newest initiative is aimed at the college demographic. ROGA plans to launch the National College Education Campaign by early 2025. The main objective of this program will be to provide essential information about responsible gaming […]
In August, the Kansas Lottery reported that $146.9 million was wagered, up 55.7% year-over-year. August is not a month that sportsbooks typically dominate. However, the MLB, NFL preseason, college football, and the Olympics all helped Kansas sportsbooks see increased action. Kansas has six online and four retail sports betting operators in the market. Together, they […]
While New Jersey saw increased sports betting action in August, they never came close to producing the same revenue from August 2023. The New Jersey Department of Gaming Enforcement reported $62.7 million in revenue. This was generated by casinos, racetracks, and online partners. Revenue was down 34.7% year-over-year. New Jersey operators are not shocked by […]
At the end of last week, HoldCrunch CEO Tom Johnson discussed Week 1 NFL betting prices with Barry Jonas of Truist. Johnson explained how DraftKings and FanDuel could change their sports betting odds and cover tax increases. However, this would all be happening as the two leading U.S. sportsbooks maintain “product superiority.” In a note […]