According to the Colorado Division of Gaming’s monthly revenue report, licensed sports betting operators in Colorado reported accepting $417.8 million in wagers during April. Although this represents a 15.5% decrease compared to March, it marks a 6.5% increase compared to the same period in 2022. Among sports wagers, basketball attracted the most bets, with local sports fans wagering $136.6 million on the sport in April. Baseball followed with $88.4 million in wagers, and ice hockey with $31 million. The Colorado Department of Revenue reported that gross gaming revenue (GGR) from sports betting in April reached approximately $35.1 million, indicating a significant year-on-year increase of 55.3%. Sportsbooks had a combined win percentage of 8.41%, resulting in net sports betting proceeds of $25.8 million. Sportsbooks paid $2.5 […]

Maryland now has a total of 10 approved mobile sports wagering apps operating in the state, with Fanatics being the newest addition. The Maryland Lottery and Gaming Control Commission has granted a mobile sports wagering license to Maryland Stadium Sub, LLC, which operates as Fanatics Sportsbook. In addition to the mobile sports betting apps, Maryland also has 10 retail sports wagering facilities. However, the majority of fan bets are placed through the mobile apps. In April, the sportsbooks in Maryland processed over $328.4 million in bets, with approximately 95.4% of the total coming from mobile apps. Of the total wagers, the state’s share was $3.9 million, which is allocated to the Blueprint for Maryland Future Fund, supporting public education programs. Players in Maryland won prizes […]

In a recent interview, Angus Nisbet, VP of Gaming at BetMGM, shared some insights on what makes BetMGM’s online casinos successful: Hollywood Casino, in partnership with Barstool and PointsBet casino, has issued multiple licenses to expand its online presence. BetMGM’s contribution to online casino revenue has significantly contributed to the revenue of the Hollywood Casino licenses, reaching $284.8 million in 2023 revenue through April. BetMGM has a massive customer base, with 30 million people signed up for BetMGM Rewards. The operator differentiates itself with exclusive games, including 85 in-house developed games, some featuring branding from MGM properties like Bellagio or Riches. An example of the appeal of exclusive games is the MGM Grand Millions slot title, where a Pennsylvania player won a $1 million jackpot […]