April 22, 2025 – FairOdds Network

April 22, 2025

Pennsylvania gambling revenue reaches record $574.5 million in March

Gambling revenue in Pennsylvania totalled $574.5 million (£429.7 million/€499.7 million) in March, a new monthly record for the state despite declines across sports betting and land-based casinos.

Revenue in March was 3.6% more than in the same month last year and 20.4% above the total for February. The Pennsylvania Gaming Control Board (PGCB) published the latest monthly statistics yesterday (21 April).

Pennsylvania sets new igaming revenue record

Igaming was once again the star of the show in Pennsylvania, generating a record $238.2 million in revenue. This surpassed March of 2024 by 24.7%.

Online slots accounted for $179.5 million of this total, a year-on-year rise of 32.5%. Internet table games revenue also climbed 5.8% to $56.2 million, while online poker revenue was up 3.3% to $2.6 million.

Hollywood Casino at Penn National Race Course and its online gaming partners collected the most revenue. In total, their revenue from online gambling across slots, tables and poker in Mar..

April 22, 2025

Michigan igaming revenue hits record $260.5 million in March

Online gambling revenue in Michigan increased 6.7% during a mixed March, with igaming revenue in the state reaching an all-time high but the sports betting market reporting decline.

Total revenue from online gambling hit $293.5 million (£219.4 million/€255.1 million). This was ahead of March last year and 9.3% more than $268.5 million in Michigan in February 2025.

Data published by the Michigan Gaming Control Board also showed adjusted gross receipts, after promotional spending, topped $260.7 million. The total beat March 2024 by 17.9% and was 10.3% higher than February.

Another igaming record in Michigan

Igaming revenue in March reached $260.5 million. This beat the previous monthly record, set in January, by 5% and surpassed last year by 20.9%.

Adjusted gross receipts from igaming amounted to $246.1 million, another new record and 26.5% higher year-on-year.

BetMGM and MGM Grand Detroit retook the lead with $69 million in total igaming gross receipts. The partnership also herald..

April 22, 2025

Waterhouse VC: The difference between average punters and sports betting experts

Tom Waterhouse of Waterhouse VC examines how data and all-encompassing models can lead to consistent profits for professional sports bettors.

What separates extraordinary sports betting experts from the average punter? In our exclusive webinar, we gained unprecedented access to the strategic thinking of Tom Dry, one of the world’s elite tennis bettors. Professional betting – a sector that can generate consistent returns regardless of economic conditions – represents a compelling but often overlooked investment category. Tom’s approach combines analytical rigour with deep domain expertise, offering valuable lessons not just for bettors, but for investors seeking uncorrelated returns in today’s volatile markets.

During our in-depth conversation with Dry, we explored the disciplined, analytical and occasionally counterintuitive realm of professional betting. Although he kept his “secret sauce” under wraps, he spoke openly about the mindset, processes and curiosity that have guided his s..

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Daily Archives: April 22, 2025

Pennsylvania gambling revenue reaches record $574.5 million in March

Michigan igaming revenue hits record $260.5 million in March

Waterhouse VC: The difference between average punters and sports betting experts