Retail sports betting – Page 2

March 12, 2025

Arizona sports betting revenue dips in December despite handle increase

Sports betting revenue in Arizona fell 28.9% year-on-year in December despite the Grand Canyon State reporting an increase in customer spending to a near-record total.

Monthly handle across both online and retail wagering in Arizona hit $849.3 million (£655.5 million/€778.3 million). This is 20.2% more than December 2023 and the second-highest monthly amount on record, 5.4% less than November 2024.

Figures from the Arizona Department of Gaming show players ventured $844.3 million betting on sports online in the last month of the year. The remaining $5.1 million was wagered at retail sportsbooks.

Turning to revenue, adjusted gross event wagering receipts before free bet deductions were $49.3 million. This fell short of $69.3 million in 2023 and was also 41.4% behind November’s record $84.1 million haul.

Breaking this down, $49.3 million of revenue came from online wagers, with just $45,000 from retail.

Some $23.5 million was deducted in free bets and other promotions. As such, adju..

March 5, 2025

Ohio sports betting handle tops $1.01 billion in January

Consumers in Ohio spent $1.01 billion (£788.6 million/€946.0 million) betting on sports in January, the third highest monthly amount on record in the Buckeye State.

The amount surpasses January of the previous year by 24.6% and is also 5% higher than December 2024. However, it falls 9.3% short of the record set in January 2023, the first month of legal betting in Ohio.

Data published yesterday (4 March) by the Ohio Casino Control Commission shows $992.2 million was wagered online. Retail bets amounted to $19 million in January.

Turning to taxable revenue, the monthly total hit $81.1 million. This is 28.6% behind last year but 42% more than December’s haul. Ohio’s monthly revenue record of $209 million was also set in January 2023.

Of all revenue, $80.7 million came from online betting, with retail contributing $468,017.

As for hold, the monthly figure for Ohio in January stood at 8.02%.

FanDuel continues to lead in Ohio

FanDuel took top spot in the Ohio online market. The operat..

March 3, 2025

Virginia sports betting revenue bounces back as handle holds steady in January

Adjusted gross sports betting revenue in Virginia almost doubled month-on-month during January despite handle remaining level, while the state also reported year-on-year growth.

Revenue hit $81 million (£63.8 million/€77.3 million) in January. This beat December’s total by 84.5% and was also 20% ahead of the previous year, data published by the Virginia Lottery on 28 February shows.

Many states were impacted by customer-friendly sports results during December. However, markets normalised again in January, with revenue totals reflecting this trend.

Breaking down revenue performance, $80.2 million came from online betting. In contrast, just $830,102 was generated from retail wagering in Virginia.

Virginia handle up 12.8% YoY

As for handle, this amounted to $736.7 million in January. While only 1% more than the total for December, it exceeded the previous year by 12.8%.

Players in Virginia spent $730.5 million wagering online and a further $6.2 million at retail sportsbooks across t..

February 28, 2025

Free prize draws could be cannibalising lottery, says GC’s Andrew Rhodes

The percentage of people gambling in the UK remained flat during Q3 at 48%, although Gambling Commission (GC) CEO Andrew Rhodes believes a significant uptick in free prize draws could be cannibalising the licensed lottery vertical.

Some 4,675 adults were surveyed for wave three of the GC’s GSGB, covering the three months to the end of October. The GSGB reports that 48% of respondents gambled at some point in the previous four weeks, level with both Q1 and Q2.

Commenting on the data during the Betting and Gaming Council’s AGM on 27 February, Gambling Commission CEO Andrew Rhodes noted a significant rise in activity on free prize draws, which are not regulated under the Lotteries Act and therefore not featured in the data or even considered gambling by law.

“We’ve seen the growth of large-scale prize draws and that growth has been very significant,” Rhodes told BGC members.

“We’ve also seen society lottery sales go over the £1 billion mark for the first time.”

He noted that price ..

February 27, 2025

Arizona sets new sports betting handle and revenue records in November

Arizona reported a record sports betting handle for the second consecutive month during November 2024, while the Grand Canyon State also saw revenue reach an all-time high.

Spending on sports betting in November hit $897.6 million (£708.2 million/€856.6 million). This beat October’s prior record of $759.8 million by 18.1% and was also 25.8% ahead of the previous year in Arizona.

Data from the Arizona Department of Gaming shows online spending amounted to $890 million, while retail wagers topped $7.6 million.

Consumer winnings across online and retail totalled $811.3 million. As such, adjusted gross event wagering receipts hit an all-time high of $84.1 million. This beat the previous record, set in September 2024, by 8.7% and was almost double November 2023’s total.

Online betting drew $83.3 million of all adjusted gross event wagering receipts during the month. In contrast, retail sports betting generated just $773,634.

Free bets in November amounted to $26.6 million, meaning adju..

February 21, 2025

Massachusetts smashes sports betting revenue record in January

Sports betting revenue in Massachusetts reached a record $94.4 million (£74.6 million/€90.2 million) in January, while monthly handle hit its third-highest monthly total since the state opened its legal market.

Gross gaming revenue for the month was 32.8% higher than the $71.1 million reported in January last year. It also far exceeds the existing Massachusetts monthly record – $75.4 million in September 2024 – by 25.2%.

Data published yesterday (20 February) by the Massachusetts Gaming Commission reveals online sports betting revenue totalled $93.6 million in January. Retail betting also generated $778,953 in monthly revenue.

Incidentally, this bucks the trend of sports betting struggles seen in the industry during January. Pennsylvania, which also posted monthly revenue figures yesterday, reported a 26.4% year-on-year drop in betting revenue.

As for handle, player spending totalled $762.5 million, which beats last year by 17.0%. It is also only 3.3% behind December’s record $788…

February 14, 2025

Denmark gambling revenue rises to DKK7.27 billion in 2024

Gross gambling revenue in Denmark increased 6.9% year-on-year during 2024, mainly due to a double-digit rise within the country’s online casino market.

Revenue in Denmark hit DKK7.27 billion (£811.2 million/€974.1 million/$1.02 billion) in the 12 months to 31 December 2024. This surpasses the DKK6.80 billion posted in the previous year.

Data published yesterday (13 February) by regulator Spillemyndigheden shows online casino was the main source of revenue by some margin. In total, revenue from online casino in 2024 topped DKK3.53 billion, up 14.7% on 2023.

Slots accounted for 78.2% of all online casino revenue during the year. Blackjack drew 6.7% of revenue and roulette 6.4%. Remaining revenue was spread across poker, bingo and other games.

Sports betting and casinos revenue up, slots decline

As for other sectors of the market, there was mixed news in Denmark. Sports betting ranked second in terms of total revenue, with this rising 1.2% year-on-year to DKK2.21 billion.

Mobile acc..

February 7, 2025

Great Britain online GGY up 21% in Q4 amid record customer activity

Online gross gambling yield (GGY) in Great Britain increased 21% year-on-year during the fourth quarter of 2024 to £1.54 billion (€1.85 billion/$1.92 billion) as the total number of bets and spins reached a record high.

Data published yesterday (6 February) by the Great Britain Gambling Commission covers the three months to 31 December 2024. It primarily covers online gambling but also references GGY and activity in the land-based betting sector.

The Q4 online GGY figure surpasses the £1.30 billion posted in the same period in the last year. It is also 16.7% ahead of £1.32 billion in the third quarter of last year.

On top of this, overall online bets and spins jumped 8% year-on-year to a record 25.9 billion. However, average monthly active player accounts declined 3% in Q4.

Slots GGY hits £709 million

Slots remain the primary source of GGY in Britain. During Q4, online slots GGY reached £709 million, an increase of 15%. Total spins were also 9% higher at 23.9 billion while average..

February 6, 2025

H2 Gambling Capital projecting $1.6 billion regulated betting handle for Super Bowl LIX

The Kansas City Chiefs will take on the Philadelphia Eagles in Super Bowl LIX this weekend. H2 Gambling Capital joins the buildup with its breakdown of betting handle by state, and the teams and the spread.

We’re just days away from Super Bowl LIX with the Philadelphia Eagles taking on the Kansas City Chiefs in New Orleans.

Sunday 9 February’s kickoff marks the eleventh time New Orleans has hosted the Super Bowl, becoming the most popular host city along with Miami. H2 expects a record amount of wagers will be riding on the game, the highest wagering on a single match in the US.

Jump to:

Projected handle and gross yield

Betting handle by state

Hold rates

How the teams match up

What to expect from the game

Benchmarking against Nevada

17% increase in wagers to generate $1.6 billion handle

H2 expects almost $1.6 billion to be wagered through onshore licensed sportsbooks. New York is likely to narrowly overtake Nevada as the state generating the most handle for the Super Bowl, ..

February 6, 2025

Super Bowl LIX: Record projections, prediction markets and prop scrutiny

This Sunday (9 February), the two-time reigning champion Kansas City Chiefs will defend their title against the Philadelphia Eagles in Super Bowl LIX. The game is America's biggest stage, for legal bookmakers, illegal ones and everything in between.

As of this writing, the Chiefs are 1.5-point favourites over the Eagles at most major books, with the exception of Caesars Sportsbook (-1). The line has held steady since it opened following the conference championships 26 January. Kansas City is almost universally -120 on the moneyline, with Philadelphia hovering around even (+100) up to +105 at Bet365.

The over/under for the game opened at 50.5 points, but books now vary between 49.5, 49 and 48.5. The fact that it has gone down is likely in response to the Eagles’ first-ranked defence. That said, Kansas City has scored at least 25 points in three of its four Super Bowl appearances since 2019. The only time it didn’t was 2021, when it lost to the Tampa Bay Buccaneers 31-9.

This ..

February 3, 2025

Virginia sports betting handle up in December but AGR well off record

Virginia reported a 23.4% year-on-year decline in sports betting adjusted gross revenue (AGR) for December, despite an increase in player spending.

The Virginia Lottery reported on 31 January that AGR in December amounted to $43.9 million (£35.6 million/€42.8 million). This falls short of $57.2 million in the previous year and 45.5% of November’s $80.6 million record.

All AGR in December came from online betting, with retail sports wagering at casinos leaving a $12,883 loss.

Virginia players spend $729.5 million on betting

As for spending, total handle for December was $734.4 million. This beats the previous year by 16% but is 3.5% behind the record $761 million bet in November. It is, however, the second-highest monthly amount on record.

Players wagered $729.5 million online during December and a further $4.9 million at retail facilities inside casinos.

This resulted in a state-wide hold of 5.98% for the month. Player winnings in December hit $684.8 million.

Tax tops $6.6 mill..

February 3, 2025

Many UK players turn to gambling for escapism says Gambling Commission report

In a special report using data from the Gambling Survey for Great Britain, the UKGC has broken down the key motivators for UK gamblers, with escapism one of the driving factors.

On 30 January the UK Gambling Commission published an add-on piece of research to the Gambling Survey for Great Britain (GSGB) report released in July. The survey is the first comprehensive report looking at the behaviour of gamblers in Britain, including what the key motivators are for players across multiple verticals.

This latest report, which cites findings from the Reasons for Gambling Questionnaire (RGQ), considers the relationship between different gambling activities and the players’ reason for engaging in them.

The RGQ contained a series of 15 questions on the reasons GSGB participants gave for taking part in gambling. People who had gambled in the past 12 months were asked to state how often their main reason for gambling was indeed their key motivator across all activities they had listed. They..

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Tag: Retail sports betting