Mississippi’s regulated sports betting market has seen revenue grow strongly in March, as a result of punters betting heavily on basketball over the month. Handle climbed to $32.4m, with a market hold of 15.11% resulting in $4.9m of taxable revenue.
Sports betting services provider Kambi Group has cited the launch of Sweden's newly-regulated igaming market and its ongoing expansion efforts in the US as among the main drivers of a 28% year-on-year increase in revenue during the first quarter of 2019.
Sweden’s newly regulated igaming market has generated total turnover of SEK3.29bn (£271.3m/€313.8m/$352.8m) in the first quarter of the year, with former horse racing monopoly AB Trav och Galopp (ATG) dominating the channel. Svenska Spel Sport & Casino and ATG accounted for 50% of online market turnover over the three month period.
Delaware’s legal sports betting sector has been given a significant boost after it was revealed that revenue from the state’s regulated market amounted to $1.6m (£1.3m/€1.5m) in March, up from just $22,152 in the previous month.
New Jersey's licensed igaming and sports betting operators set new monthly revenue records for each vertical in March, which helped the state post a 34.5% year-on-year increase in gaming revenue to $294.0m (£224.7m/€259.8m) for the month.
The first six months of legal sports betting in West Virginia has seen the state’s licensed operators generate revenue of $10.1m (£7.7m/€8.9m), with the Penn National Gaming-operated Hollywood Casino at Charles Town Races leading the market.
The Nevada Gaming Control Board has reported an 11.5% year-on-year rise in sports betting handle for February, though the state also saw gaming revenue across all verticals decline marginally for the month.
A new report commissioned by German operator body the Deutsche Sportwettenverband (DSWV) has claimed that a turnover tax levied on betting shops by local authorities across the country contravenes federal law.
London-listed Sportech has described 2018 as a challenging year for the business, which resulted in revenue declining 3.9%, though highlighted the success of cost control efforts that helped the business cut losses for the period.
Sports betting revenue in Pennsylvania fell by 25.4% month-on-month in February despite the state’s handle only falling slightly, according to the latest figures released by the Pennsylvania Gaming Control Board (PGCB).
The New Jersey Division of Gaming Enforcement (DGE) has reported a 25.6% year-on-year increase in gaming revenue in February, though the contributions from igaming and sports betting fell sequentially.
US racetrack and casino operator Churchill Downs Incorporated (CDI) has cited its racing and online advance deposit wagering (ADW) divisions as key drivers of a 14.3% year-on-year increase in revenue for 2018.
Webis Holdings, the parent company of WatchandWager, has reported a drop in revenue and profit for the first half of its financial year, mainly due lower turnover activity in its international B2B division.