Tag: parlays
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Louisiana Sportsbooks Ride Parlay Success to 15.7% Hold in September
The beatings shall continue until parlay wagering improves. The Louisiana State Police reported $35.1 million in gross sports betting revenue from parlays Thursday, part of a spectacular September for sportsbooks as they reaped $55.2 million overall. In the nearly three years Louisiana has conducted commercial wagering, it has been a relative safe haven for sportsbooks.…
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Bally Bet Officially in 10 States Now After Tennessee Launch
Bally’s Interactive announced Thursday that its mobile sports wagering app Bally Bet has launched in Tennessee, the 10th state where it is conducting digital sports betting. It is the third state where Bally Bet has recently expanded, following July launches in both Massachusetts and Maryland. Bally’s also currently conducts online sports betting in Arizona, Colorado,…
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Maryland Sportsbooks Reap $50 Million in September Parlay Revenue
Maryland sportsbooks combined for an eye-watering 25.2% hold on parlay wagers in September, according to the state’s lottery and gaming agency, resulting in $50.3 million in gross sports betting revenue. The overall haul for operators reported Thursday was $65.4 million, the third-highest total in 34 months of wagering in the Old Line State. That was…
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Football Powers Colorado Sports Betting Handle to $372 Million for August
The Colorado Department of Revenue reported $372.4 million in sports betting handle for August on Tuesday, with NFL and college football action picking up significantly compared to last year. Overall, handle was up 21.7% compared to last year and 16.2% higher than the $320.4 million reported for July. The “Coach Prime” effect showed no signs…
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Colorado Sportsbooks Post 10.2% Hold For July
The Colorado Division of Gaming on Thursday reported sportsbooks across the Centennial State posted a 10.2% hold against $320.4 million in handle for July, the second-highest win rate in 51 months of legal commercial betting. The percentage trailed only the 11.4% hold attained in September 2022 and was also the second time in the last…
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BetMGM Enhances Mobile Betting App Ahead Of Football Season
BetMGM announced Tuesday that it has released a series of enhancements to its mobile sports betting app as the football season gets into full swing this weekend. The biggest takeaway is an increased amount of markets powered by Angstrom, which is Entain’s in-house sports modeling and analytics company, to provide exclusive betting odds for certain…