Retail sports betting – 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 17, 2025

New Jersey igaming revenue reaches record $243.9 million in March

Igaming revenue in New Jersey hit a record $243.9 million (£184.2 million/€214.5 million) in March, although the Garden State reported declines across both sports betting and land-based casinos.

Total gambling revenue topped $546.1 million, data released on 16 April from the New Jersey Division of Gaming Enforcement (NJDGE) shows. This beats March last year by 3.7% and is also 12.6% clear of February this year.

As was the case in the first two months of the year, igaming drew the most revenue during March. Land-based casinos have traditionally been the primary source of gambling revenue in New Jersey, but continuous growth in the igaming sector has seen it fall behind in recent months.

Igaming revenue up 23.7% in March

Revenue from igaming during the month was 23.7% higher year-on-year. It is just the fourth time igaming has drawn the most gambling revenue in a single month in New Jersey.

Breaking down the market, $241.3 million of all this revenue came from “other authorised game..

April 2, 2025

Virginia sports betting hold hits near-record in February

Sports betting hold in Virginia reached 11.12% in February, its highest monthly percentage since September 2022, as the state reported year-on-year growth across both revenue and handle.

Players spent a total of $556.8 million (£430.9 million/€515.6 million) betting on sports in February. This surpassed the previous year by 2.2% but fell 24.4% short of January this year in Virginia.

Of this, $553 million was wagered online, while $3.8 million was bet at retail sportsbooks across the state. This is according to figures published yesterday (1 April) by the Virginia Lottery.

Players won $490 million from betting while some $4.9 million was accounted for in other, undisclosed deductions.

Revenue rises 39.1% in Virginia

As such, this resulted in adjusted gross revenue of $61.9 million. This beat February 2024 by 39.1% but was 23.6% less than January this year.

Online betting accounted for $61.7 million of all revenue, with retail’s contribution reaching just $206,590.

This left a tot..

March 25, 2025

European gross gambling revenue tops €123.4 billion in 2024

Gross gambling revenue (GGR) in Europe hit €123.4 billion (£103.1 billion/$133.4 billion) in 2024, a 5% year-on-year increase, according to data from the European Gaming and Betting Association (EGBA) and H2 Gambling Capital.

Published yesterday (24 March), “European Gambling Market – Key Figures 2025 Edition” covers all European Union member states, plus the UK. It includes analysis of provisional data for both the online and land-based gambling markets during 2024.

Online drives gambling revenue growth

Growth was evident across online and land-based gambling activities, but the former saw the steepest increase in GGR. In total, provisional online GGR climbed 11.7% year-on-year to €47.9 billion, or 39% of total GGR for the year.

Gaming accounted for €24.6 billion of this figure, with €23.2 billion attributed to casino-type games, including slots. In total, online casino games drew 45% of all internet gambling GGR during 2024.

Online betting revenue topped €16.2 billion, of which..

March 21, 2025

Massachusetts sports betting handle slips to eight-month low in February

Player spending on sports betting in Massachusetts fell to its lowest monthly amount since July last year during February, although the state was able to report year-on-year growth across handle and taxable revenue.

Total spend by sportsbook customers in February hit $628.2 million (£484.5 million/€578.5 million). This surpassed last year by 15.8% but was 17.6% behind January’s betting handle in Massachusetts.

Data released yesterday (20 March) by the Massachusetts Gaming Commission show online handle topped $618.6 million in February. Retail sportsbooks also processed $9.6 million in total wagers.

As for taxable gaming revenue, this reached $65.6 million. It beat the previous February by 24.7% but was 30.5% less than January’s $94.4 million record haul.

Breaking this down, online betting generated $65.4 million of total revenue. The retail sector was responsible for $205,391 of the overall monthly amount in Massachusetts.

In terms of hold, the statewide figure for February stood ..

March 20, 2025

Michigan sports betting revenue up in February despite lower handle

Gross online sports betting receipts in Michigan increased 50.8% year-on-year in February despite a reduction in player spending, while the state also reported growth within its igaming market.

Combined gross online casino and sports betting receipts in February totalled $268.5 million (£206.4 million/€246.0 million). This is 22.9% more than last year but 18.9% behind January in Michigan.

Figures published on 18 March by the Michigan Gaming Control Board also include adjusted totals for February. Total adjusted gross receipts – after promotional spending – across sports betting and igaming was $236.3 million, up 29.8% year-on-year but 17.9% less than January.

Mixed news for sports betting

Breaking down the data, sports betting gross receipts totalled $46 million, up from $30.5 million last year. Adjusted gross sports betting receipts were 110.9% more than the previous year at $27.2 million.

As for how much players spent, handle for the month was $379.8 million, some 31.6% less tha..

March 20, 2025

Gambling Commission hands AML fine to Corbett Bookmakers

Great Britain’s Gambling Commission has ordered land-based operator Corbett Bookmakers to pay a fine of £686,070 (€818,039/$890,568) after an investigation highlighted numerous social responsibility and anti-money laundering (AML) failings within the offering.

Setting out the case today (20 March), the Gambling Commission said breaches took place between February 2022 and May 2024. Corbett Bookmakers operates 36 premises across the UK.

The retail operator, which has a number of betting pitches across UK racecourses, is also required to carry out a third-party audit to ensure it is effectively implementing AML and safer gambling policies, procedures and controls. This must take place within 12 months of the ruling (6 March).

Corbett allowed players to lose ‘significant’ sums

In terms of social responsibility failures, the commission provided examples of several issues it identified during a two-day compliance assessment. These include failing to flag a consumer who staked £23,674 in..

March 19, 2025

Sports betting decline hits Pennsylvania gambling revenue in February

Gambling revenue in Pennsylvania declined 4.4% year-on-year in February, with the state’s sports betting market slipping to its lowest monthly revenue total in three years.

Total commercial gaming revenue in Pennsylvania hit $477.3 million (£367.9 million/€437.6 million). This was short of $499.1 million in February last year and also 9.8% behind January 2025.

Sports betting operators struggle

Breaking down data published yesterday (18 March) by the Pennsylvania Gaming Control Board, the standout figure is another drop in sports betting revenue. The sector has now seen revenue decline for three consecutive months, although February’s drop is perhaps the most striking.

Gross sports betting revenue was just $7.4 million, down 75.3% and the lowest since February 2022 when a $442,847 loss was recorded. Online wagering actually generated $10.4 million in revenue, but a $2.9 million loss from the retail market led to the overall figure being lower.

The decline came despite a 14.4% incre..

March 18, 2025

Maryland OTB owner Alyse Cohen has sights set on legalising more gambling options

Alyse Cohen has been around OTBs her whole life. Now she's fighting for a gambling expansion to save hers.

Growing up on a horse farm in rural Maryland meant riding to a hang-out spot was more than just hopping on your bike or in someone’s car to go have fun. You could saddle up and head down to the Wilcom’s Inn, a historic roadhouse at the end of a drag strip near Frederick, Maryland and hitch your horse up right outside.

Alyse Cohen’s memories of that sort of place, where everyone wanted to be on Friday and Saturday nights, started her on her current path. Her father Randy used to take her to another Frederick staple called the Cracked Claw, a seafood restaurant turned off-track betting parlour that was legendary in the area.

When the family that owned the Cracked Claw closed the business in 2011, the OTB licence for Frederick County was available. Cohen, 36, who along with her family had a hotel and conference centre in Frederick, felt an opportunity to come full circle wit..

March 18, 2025

Maryland OTB owner Alyse Cohen has sights set on legalising more gambling options

Alyse Cohen has been around OTBs her whole life. Now she's fighting for a gambling expansion to save hers.

Growing up on a horse farm in rural Maryland meant riding to a hang-out spot was more than just hopping on your bike or in someone’s car to go have fun. You could saddle up and head down to the Wilcom’s Inn, a historic roadhouse at the end of a drag strip near Frederick, Maryland and hitch your horse up right outside.

Alyse Cohen’s memories of that sort of place, where everyone wanted to be on Friday and Saturday nights, started her on her current path. Her father Randy used to take her to another Frederick staple called the Cracked Claw, a seafood restaurant turned off-track betting parlour that was legendary in the area.

When the family that owned the Cracked Claw closed the business in 2011, the OTB licence for Frederick County was available. Cohen, 36, who along with her family had a hotel and conference centre in Frederick, felt an opportunity to come full circle wit..

March 18, 2025

New Jersey: igaming draws most gambling revenue again in February

Igaming was once again the main source of gambling revenue in New Jersey during February, while overall market revenue in the Garden State increased 5.1% year-on-year.

Total monthly revenue reached $484.8 million (£373.5 million/€444 million). This beats February 2024 but was 12.5% behind January this year, the New Jersey Division of Gaming Enforcement (NJDGE) reports.

Growth was apparent across two of the state’s three core markets, with both igaming and sports betting seeing increases. This was only partially offset by a drop in land-based casino revenue.

Igaming revenue rises 14% in New Jersey

Starting with the primary source of revenue, igaming, revenue increased 14% year-on-year to $207.8 million. This was only the third time that igaming drew the most gambling revenue in a single month in New Jersey.

Breaking this down, $205.4 million came from “other authorised games”, including slots, up 14% from last year. The other $2.4 million was attributed to peer-to-peer poker, a ris..

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Tag: Retail sports betting