Indiana has suffered a further month-on-month decline, with wagering dropping to its lowest level since October 2020 ahead of an anticipated slowdown which analysts predict could last until the beginning of the NFL season.
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The Illinois Gaming Board released its revenue report for March, and aided by the entry of Barstool Sportsbook and the NCAA tournament, bettors delivered a record traditional handle of more than $633.6 million.
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Indiana's sports betting industry experienced another month-over-month decline in April, as wagering dropped to its lowest level since October 2020. But in a state that has known little else but growth, the expected decline is indicative of the beginning of a typical sports betting slowdown period that will likely last until the beginning of football season, according to PlayIndiana, which provides news and analysis of the state's gaming industry.
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Nielsen says sports betting industry spent $154 million to reach local TV viewers in various markets
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Manteris, one of Las Vegas' longest tenured bookmakers, announced his retirement this week from Station Casinos, where he spent that last 22 years overseeing the company's race and sportsbooks. He'll stay on with the company in a consulting role, but he says his days sweating big decisions are over.
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Wynn Resorts will now put their internet sportsbooks up on the Nasdaq Stock Market by the end of the year after merging with another company in order to do so. Wynn Interactive announced on Monday that they would combine their business with Austerlitz Acquisition Corp. I.
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Betting volume drops in April as slower summer season approaches, but state reaches historic milestone in sixth month of sports betting, according to PlayTenn analysts.
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Michigan and Pennsylvania are two states that went all the way when it came to legalizing online gambling. They not only legalized online sports betting, but added online casino and poker to the mix. However, while operators jumped in quickly to the online sports betting market, online poker has followed on at a more sedate pace.
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According to the numbers released Monday by the Illinois Gaming Board, the state’s total sports betting handle came out to $633.6 million, up 24.3% from February’s $509.8 million. March’s total eclipsed the previous high of $581.5 million which was reported in January 2021
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In October 2020, it was announced Wynn Resorts had signed a deal with GAN Limited, a company who provide internet gambling software-as-a-service solutions to the US land-based casino industry. There is a 10-year agreement on the table, and this is the clearest sign yet that Wynn Resorts are serious about taking on the US iGaming market.
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