TVG app crashes on Kentucky Derby day
Summary: The FanDuel-owned TVG mobile horse race betting app failed in the hours leading to the 2022 Kentucky Derby. The outage resulted in bettors being unable to place Kentucky Derby bets shortly before the race, as well as an unknown amount of lost revenue for TVG. Why it matters: As one of the two largest […]
States reconsider sports betting promotional deductions
On the downstream impact of unrealized taxes due to promotional deductions”If states with high handle and low tax rates that offer promotional credits continue to see substantial percentages of operator revenue go untaxed, the call to revisit state rules and laws regarding such arrangements will undoubtedly get louder “- Chris Altruda, Senior Analyst, USBets.com (Source […]
Circa Sports to offer retail and mobile sports betting in Illinois
Summary: Circa Sports and Full House Resorts have entered into a multi-year agreement for a retail sportsbook at the forthcoming American Place Resort in Waukegan, Illinois, and a mobile betting app. Why it matters: A temporary casino is expected to open this fall on the American Place site, with the permanent casino scheduled to open […]
SEC states with mobile betting
@NEWSLarryHenry: Tennessee, Arkansas and Louisiana are the only three SEC states out of 11 with statewide mobile sports betting.
2022 Kentucky Derby sets multiple wagering records
Summary: The 2022 Kentucky Derby generated $179 million in betting handle, besting the previous record of $166.5 million set in 2019 by 8%. Why it matters: Per Churchill Downs, wagering from all sources on the Kentucky Derby Day program totaled $273.8 million, while all sources handle for Derby Week was $391.8 million. Both were also […]