US online casino revenue tops $400 million in April
U.S. online casino revenue eclipsed $400 million for the second consecutive month in April. The six-state tally of $414.4 million is the second-highest total in the history of the U.S. industry. On a per-day basis, April was the best month of all time, outpacing February 2022’s $13,789,813 daily average. March 2022 Rev April 2022 Rev […]
Sports betting tax rates: operators hope for the best
If there is one issue that is guaranteed to get online sports betting executives complaining it is taxes and if one was to survey the US industry for its biggest business gripe, New York’s 51% tax rate would very likely take top spot. In fairness, many non-US industry observers were also surprised when news of […]
Inflation worries: the impact of promotions on handle and GGR
Are state revenues and hold figures for US online sports betting inaccurate and over-inflated? How does promotional spend, freebets mainly, but also odds boosts and rebates, really impact operators’ bottom lines? Wagers dives into the numbers. The topic has been much debated on social media and among industry executives, but with DraftKings CFO Jason Park […]