New York’s online sportsbooks took in $1.73 billion in August, down from $2.04 billion a year earlier, according to state Gaming Commission figures reported by EGR and Yogonet. That’s a drop of about 15%, only the second year-over-year decline the state has recorded, and Casino.org paired the number with prediction markets posting their busiest weekend … Read more
Three weeks ago this site ran a piece arguing that the World Cup broke American betting records and the books came out ahead anyway. Every figure in it came from operators talking to reporters, and the post said so plainly: nobody had filed financials yet, and press quotes get picked by the people they flatter. … Read more
Spain lifted the trophy at MetLife Stadium on July 19, and plenty of American bettors had called it. Spain was the most-backed team to win the tournament at BetMGM before a ball was kicked. That should have been an expensive month for the sportsbooks. Instead, World Cup betting handle records fell week after week and … Read more