Colorado saw a 49% increase in sports betting handle in June, the second month of legal sports wagering in the state. The total amount wagered in Colorado in June was $38,136,949, according to a Colorado Department of Revenue Division of Gaming release. The state saw $25,621,761 bet in May after the sports betting market launched on May 1.
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As the legal infrastructure becomes more friendly towards sports betting, specifically in the online space, many companies in the gambling industry are investing in offering more sports betting options. According to a report by the Associated Press, companies like DraftKings are making serious strides in developing easy to use systems available to the public through partnerships with sports leagues
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Free baseball picks from Doug Upstone for July 28.
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American Gaming Association (AGA) President and CEO Bill Miller has issued a statement on bipartisan legislation introduced late last week by Republicans Dina Titus and Guy Reschenthaler to repeal the federal excise and head taxes.
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Massachusetts, one of a number of states that face a budget black hole due to the COVID pandemic, is considering taking the fast track to legalized sports betting. The move would see much needed revenue feeding back into state coffers which have been impacted badly by the health crisis
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The sudden surge in happiness may be short-lived, thanks to a potential COVID-19 outbreak in baseball, but the weekend proved to be highly lucrative for fans, as well as sportsbooks. Online sports gambling operator Bodog saw a lot of success this past weekend, most of which was provided by MLB wagers.
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Timing questionable, operators caught off guard, and some will have to rejigger launch plans
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The most significant boost to the sports betting segment is attributed to the usage of smartphones, which allow bettors to bet at anytime and anywhere. Over the last three to four months, the online sports betting segment had to overcome a lack of sporting events due to social distancing and quarantine measures.
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A shortened, COVID-tainted MLB season has led to some rules changes at several of the top sportsbooks in the world.
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Congress are looking to strip away the tax, which, along with other requirements placed on the legal sports gambling industry, contributes around $33 million to the government, based on last year’s figures.
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