Vermont sportsbooks took in $16.2 million in wagers during July, up 16% from June’s $14 million. Adjusted gross revenue fell to $1.52 million as the hold rate slipped to 9.36% from 11.96%. Out-of-state bettors nearly doubled their wagers to $6 million, or 37% of all handle. The state’s revenue share dropped to $480,141, a second … Read more
How a state taxes its sportsbooks decided whether record June betting filled its tax coffers or left them short.
Record wagering in the country’s largest market produced its thinnest margin yet, and the state’s education fund collected $46 million less than a year
The state’s fresh budget makes operating a sportsbook pricier while giving a competing product a gentle landing, and a few legislators fear the imbalance could siphon off the very dollars the increase was supposed to bring in. In one budget, North Carolina made sportsbooks costlier to operate and, at the very same moment, gave a … Read more