In May, West Virginia experienced a second consecutive month of declining sports betting handle, but an improved win rate resulted in nearly $3.5 million in revenue for operators. The total amount wagered in the state was $31.9 million, a double-digit decrease compared to the previous month. However, sportsbooks managed to hold 10.8% of the wagers, generating $294,361 in tax revenue. Compared to April’s revenue of $2.8 million, May saw an increase as the state entered a period without football. Online sports betting accounted for $29 million of the total handle, while brick-and-mortar operators contributed $2.9 million. Online sportsbooks also achieved a higher win rate at 11.1%, compared to 8.4% for physical locations. Among the operators, The Greenbrier emerged as the top performer, utilizing platforms such […]

BetMGM has launched its mobile sports betting app in Puerto Rico in collaboration with Casino del Mar at La Concha Resort. This marks the second market outside of the U.S. mainland where BetMGM has introduced its mobile sports betting app. Adam Greenblatt, CEO of BetMGM, expressed excitement about being the first operator to offer mobile sports betting in Puerto Rico. The partnership between local officials and Casino del Mar enables the delivery of a safe, responsible, and entertaining product accessible from anywhere on the island. The BetMGM app provides Puerto Rico residents with a user-friendly experience, allowing them to customize pre-game, live in-play, futures, and parlay wagers. During the registration process on the mobile app, customers in Puerto Rico are required to validate their identification […]