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Racetrack and Racino » Finance
  • daily_news
    13 December 2019

    Iowa sports betting revenue falls 36.4% in November

    Iowa’s regulated sports betting market has recorded a 36.4% month-on-month decline in revenue for November, after a rise in handle was accompanied by an increase in payouts to customers.

  • daily_news
    13 December 2019

    French Senate approves shift to GGR tax for gambling

    France’s Senate has passed a budget bill for 2020, including an amendment to calculate gambling tax based on gross gaming revenue (GGR) rather than turnover. The budget amendments still require approval from the National Assembly before they can come into law.

  • daily_news
    10 December 2019

    Indiana betting revenue dips as digital drives handle growth

    Indiana’s regulated sports betting market saw strong growth in customer stakes in November, though revenue declined month-on-month, according to the latest figures from the Indiana Gaming Commission.

  • daily_news
    28 November 2019

    Webis slips to full year loss as customer spending drops

    Webis Holdings, the parent company of WatchandWager, has announced a loss of $930,000 (£718,820/€844,335) for the 12 months to 31 May 2019, after the loss of a large wagering syndicate led to a significant year-on-year decline in customer spending.

  • daily_news
    27 November 2019

    Nevada gaming market tops $1bn for sixth time in 2019

    Nevada’s gaming market generated revenue of $1.02bn in October, and while this represented a 3.9% year-on-year decline, it marked the sixth time in 2019 that the monthly total surpassed $1bn. 

  • daily_news
    21 November 2019

    Mississippi betting market hits new heights in October

    Mississippi’s sports betting market has enjoyed its strongest month since launch by far, with revenue hitting $12.3m in October. 

  • daily_news
    18 November 2019

    Indiana sports betting handle soars in October

    The Indiana Gaming Commission has revealed that players in the state staked $91.7m on sports in October, a month-on-month increase of 160.4%.

  • daily_news
    14 November 2019

    Poker and racing recoveries contribute to French Q3 growth

    The latest figures from French gambling regulator L’Autorité de régulation des jeux en ligne (ARJEL) have shown the growth of horse race betting and poker has continued into the third quarter, with total revenue up 27.7% year-on-year.

  • daily_news
    13 November 2019

    RITA fails to hit profit targets for 2018-19 fiscal year

    New Zealand’s Racing Industry Transition Agency (RITA) reported revenue of NZD $348.0m (£123.6m/€144.2m/$158.7m) for the fiscal year ending July 31, down 3.1% year-on-year, as it missed its target for pre-distribution profit.

  • daily_news
    16 October 2019

    PMU revenue down in Q3 despite ongoing French racing growth

    Pari-Mutuel Urbain (PMU) has reported a 1.8% year-on-year decline in revenue for the third quarter, despite experiencing ongoing growth within its French horse racing betting business.

  • daily_news
    11 October 2019

    Prize money surge hits ARC earnings in 2018

    Arena Racing Corporation (ARC) and its subsidiaries said increased prize money and labour costs were responsible for a halving of EBITDA in 2018.

  • daily_news
    29 August 2019

    Rhode Island wagering revenue slumps in July

    Rhode Island’s regulated sports betting market has reported a 61.5% month-on-month decline in revenue for July. However, mobile betting may soon launch in the state, with a roll out planned for the start of the National Football League season.

  • daily_news
    27 August 2019

    iGaming growth offsets horse racing decline for ATG in H1

    Swedish operator AB Trav och Galopp (ATG) has reported a 2% year-on-year rise in net gaming revenue for the first half of 2019, but admitted that increased competition around horse racing had proved a challenge during the period.

  • daily_news
    22 August 2019

    Sportech to continue cutting costs as H1 losses widen

    Sportech will continue to focus on reducing costs and continuing its “digital transformation” in the second half of the year after its pre-tax loss widened on the back of flat sales in the six months through to the end of June.

  • daily_news
    21 August 2019

    Mississippi betting market struggles in July

    Mississippi’s regulated sports betting market has recorded a month-on-month decline in revenue for July, with amounts wagered also down over the month.

  • daily_news
    19 August 2019

    New York casinos generate $349,468 from betting launch

    The first 16 days of legal wagering in New York have seen revenue of $349,468 generated across two licensed venues. The bulk of revenue was generated from the Schenectady-based Rivers Casino & Resort, which opened its sportsbook on 16 July.

  • daily_news
    16 August 2019

    Mobile betting powers record PA sportsbook handle

    Operators in Pennsylvania handled a record $59.3m on sports bets in July as the online sportsbook handle doubled to $39.0m and overtook retail figures for the first time.

  • daily_news
    15 August 2019

    NJ sports betting revenue recovers in July

    New Jersey’s regulated sports betting market has seen revenue leap to $17.9m in July, complementing slower growth from the state’s land-based and online casino verticals.

  • daily_news
    14 August 2019

    Lottery offsets wagering weakness for Tabcorp in FY results

    Australia’s Tabcorp has reported revenue of AUD$5.5bn (£3.08bn/€3.32bn/$3.71bn) for its financial year ended 30 June, 2019, strong growth in lottery revenue offsetting a decline in revenue from its Wagering & Media division over the year.

  • daily_news
    13 August 2019

    WV sports betting off to strong start in new fiscal year

    West Virginia’s sports betting market has reported revenue of $704,475.03 for the first five weeks of the state’s fiscal year, with Penn National Gaming’s Hollywood Casino at Charles Town Races maintaining its leadership of the market. 

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