Derek Longmeier’s Post

Though promotional spend was up 2.8% compared to last year, it only represented 2.9% of the $534.9 million mobile handle compared to the 4.2% of the $364.3 million wagered digitally in August 2023. Some of that can be attributed to fewer mobile operators in the marketplace as there are 14 sportsbooks taking bets now compared to 18 last year. #GamblingTrends #OhioGambling #SportsBetting

🤔 Understanding the 24.6% Decrease in New Hampshire's January Sports Betting Revenue 📉 🏆 After the New Hampshire Lottery and DraftKings Inc. jointly celebrated four years of legalized sports betting in New Hampshire, the Lottery acknowledged a noteworthy downturn in sports betting activities in January. 💸 The handle for the month amounted to $73.3 million, showing a 24.6% decrease compared to January 2023's $97.2 million and a 7% drop from December's $78.8 million handle. 💰 The gross gaming revenue for January stood at $9.8 million, marking a 20.3% decrease from the record-setting $12.3 million in January 2023 but still showing a notable 27.3% increase from December's $7.7 million. 🔗 Learn more in Ziv (Steve) Chen's article for CDC Gaming Reports here: https://lnkd.in/dfyKGB8Q #NewHampshireSportsBetting #NHSportsBetting #SportsBetting

80% of Wyoming's sports betting market belongs to four operators, namely BetMGM, FanDuel, DraftKings and Ceasars. Despite facing many obstacles from lobbyists, the Cowboy State's online sports betting sector is growing steadily, with monthly wagers from players averaging $20 million. Since 2021, the state has accepted wagers worth $426,020,781. Discover more here: https://heyor.ca/BCFD8O #Wagers #SportsBetting #OnlineSportsBetting

BetMGM and Caesars Sportsbook & Casino are set to launch citywide operations that will drastically change the mobile sports betting landscape in Washington D.C. The two platforms will expand their services across the entire District following an extension of the current restriction which limits BetMGM’s operations within the two-block radius of Nationals Park. By July 15, 2024, Caesars Sportsbook is also expected to go live in all parts of the city. This comes after a recent resolution by DC Council to create a more competitive market for mobile sports betting. An amendment proposed by council member Kenyan McDuffie as part of the fiscal 2025 budget seeks to allow multiple operators into the market thus ending FanDuel’s monopoly. The move is projected to promote competition which may generate millions of additional annual revenue for the city. Read the full story ➡ https://lnkd.in/d2eivYHu #northamerica #gambling #gamblingnews #sports #washingtondc #usa

Just over $4.1 billion was bet on sports in Ohio through June, up from $3.8 billion at this same time in 2023, according to compiled data from the Ohio Casino Control and Ohio Lottery commissions. Mobile sports betting apps account for 97% of the bets and 98% of all revenue. Physical betting lounges took in just over $101 million of bets and reported $7 million in revenue. While the Ohio Lottery’s betting kiosks account for just $6 million of bets, and just under $600,000 in revenue. Sports gambling revenue is taxed at 20%. #OhioGambling #SportsBetting #GamblingTrends

Just over $4.1 billion was bet on sports in Ohio through June, up from $3.8 billion at this same time in 2023, according to compiled data from the Ohio Casino Control and Ohio Lottery commissions. Mobile sports betting apps account for 97% of the bets and 98% of all revenue. Physical betting lounges took in just over $101 million of bets and reported $7 million in revenue. While the Ohio Lottery’s betting kiosks account for just $6 million of bets, and just under $600,000 in revenue. Sports gambling revenue is taxed at 20%. #OhioGambling #SportsBetting #GamblingTrends

New York's Online Sports Betting Hits Record $19.64 Billion In the 2023 financial year, New York set a record in the US for online sports betting with players wagering $19.64 billion, a 19.8% increase from the previous year. Revenue also surged to $1.76 billion, marking a 20.6% rise year-on-year, as New Yorkers embraced the state’s second full year of regulated online sports betting. FanDuel led the market, commanding the largest share with $8.10 billion in bets, followed by DraftKings and Caesars. https://lnkd.in/e_44aFqM #excellence #excellenceinbusiness #performancemarketing #programmaticmarketing #digitalentertainment #sportsbetting #gambling #onlinebetting

Arizona's Sports Betting Market Shows Strong Growth in Early 2024: In February 2024, Arizona's sports betting sector exhibited substantial growth, with gambling revenue from sports rising over 50% compared to the same period last year. The total handle reached $637 million, with online wagers making up the majority. This performance reflects a growing trend and the strategic positioning of major platforms like FanDuel and DraftKings, which continue to lead the market. Notably, FanDuel reported a handle of $230.3 million for the month, demonstrating its dominance in the region. Read the full article here: https://lnkd.in/gyKNjRFD #SportsBetting #GamblingRevenue #ArizonaMarket #BusinessGrowth #MarketTrends

📈Mississippi's Sports Betting Boom: Unveiling the Surging Success in Wagering Activity📈 Mississippi’s sports betting revenue saw a year-on-year increase, despite a reported decline in the total amount wagered, or the ‘handle’. The monthly revenue reached $6.7m, marking a 31.4 percent increase from $5.1million in January 2023 and a 36.7 percent rise from $4.9 million in December 2023. 📰 Read the full article here:https://hubs.la/Q02m3s3x0 #Mississippi #sports betting #wagering #revenue #handle #gambling #betting #success

Prime Sportsbook has quietly entered the bustling sports betting scene in New Jersey, marking its soft launch on Easter Sunday, March 31, and offering another avenue for Garden State bettors. As of now, Prime Sportsbook New Jersey is accessible solely via web browsers, with the anticipation of iOS and Android versions soon becoming available in the state. The debut of Prime Sportsbook on March 31 brings the tally of approved online New Jersey sports betting operators to 19. It operates under the sports wagering license of Ocean Casino Resort in Atlantic City, positioning itself as an online “skin” in the Garden State. According to information gleaned from the sportsbook’s website, state gambling regulators mandate two additional soft play days on Monday, April 1, and Tuesday, April 2, as part of the launch process. Prime Sportsbook, which is already operational in Ohio, also has plans to extend its reach to Kentucky with an online sportsbook product. While joining an already saturated market, Prime Sportsbook aims to provide a distinctive betting experience. The company’s executive chairman, Joe Brennan Jr., emphasized their willingness to accept bets from “sharp” bettors, offer reduced vig, and accommodate significant wagers, a departure from certain practices observed among established operators. Read the full article ➡ https://lnkd.in/e-8DKVkt #newjersey #usa #gambling #gamblingnews #sports #sportsbetting