Online sports betting handle rises across the US in March
Summary: March Madness wagering brought a surge in online sports betting handle in several major U.S. markets in March. Why it matters: New Jersey sportsbooks produced $1.12 billion in handle in March, inlcuding $1.04 billion from online wagering. Online revenue came in at $61.2 million for March, up 8.3% year-over-year.Michigan betting handle finished at $478 […]
Betly Arkansas posts small net loss in first month of operations
Summary: Arkansas’ first online sportsbook, Betly, took a net revenue loss of $32,154 in March. Betly, which launched on March 5, took $3.29 million in bets for the month. Why it matters: While not a profitable start for Betly Arkansas, better months could lie ahead for both operators and bettors in the state. At least […]
Borgata, Golden Nugget lead New Jersey iGaming market
Summary: New Jersey’s online casino industry saw two familiar names atop state revenue reports from March 2022. Online casinos under the Borgata license produced $41.4 million in win in March, while the Golden Nugget Online Gaming license finished just behind Borgata with $38.3 million earned. Why it matters: March 2022 marked the 13th consecutive month […]
DAZN to launch Ontario online sportsbook
Summary: One of the world’s biggest brands in the streaming content space, DAZN, plans to launch an online sportsbook in Ontario. DAZN’s first foray into the North American sports betting market is planned for Q3 2022. Why it matters: DAZN isn’t yet listed as a license applicant according to the Alcohol and Gaming Commission of […]
New Jersey online casinos still surging
Summary: New Jersey’s legal online casinos set a single-month state revenue record in March, generating just under $140.7 million. The March totals put the industry over the $400-million mark in internet gaming win for 2022. Why it matters: The $140.7 million won marks a 23.7% year-over-year increase against March 2021, and an 8.2% gain month-to-month […]