Eric Ramsey

1 month ago | legalsportsreport.com | Eric Ramsey

The most exciting two minutes in sports occupy a unique position in the US betting landscape. While the Super Bowl and March Madness are by far the biggest events on the sports calendar, the Kentucky Derby offers a betting experience and tradition that in some ways remain unmatched.

1 month ago | legalsportsreport.com | Eric Ramsey

Partial reporting from March paints a pretty pleasant picture for US sports betting. Of the 16 states that have reported their monthly numbers so far, 11 saw increased betting activity from last year. Volume is trending up 10% in same-state reporting, though revenue is slumping by the same amount on the heels of an NCAA basketball tournament that was dominated by betting favorites.

2 months ago | legalsportsreport.com | Eric Ramsey

Pennsylvania sportsbooks had a February of mixed emotions, enjoying a significant surge in volume while also enduring a sharp decline in revenue. Operators in the commonwealth combined to generate $757 million in handle for the month, up 14% year over year to reach a new February record. Gross revenue tumbled 33% to just $34.0 million, though, the market’s lowest output in 18 months. Effects on net revenue were further magnified by a 30%+ increase in promo spend.

Feb 5, 2025 | stltoday.com | Eric Ramsey

Regulated sportsbooks in the US are once again gearing up for the biggest event on the calendar: Super Bowl Sunday. The NFL season peaks on Feb. 9 with a powerhouse Super Bowl 59 matchup between the Philadelphia Eagles and the Kansas City Chiefs that will generate more than $1.5 billion in legal wagers nationwide. Record-setting handle for the game creates nine figures of revenue potential for sports betting operators, though how much customers win or lose hinges on the result.

Jan 27, 2025 | legalsportsreport.com | Eric Ramsey

Total Super Bowl betting handle across regulated US markets will grow more than 15% to surpass a record $1.5 billion. Nevada is the historical epicenter for Super Bowl betting, but New York might have enough inertia to take the top spot for the first time this year. The emergence of prop-based fantasy products and event contract trading could have a profound effect on the total amount of financial exposure to the game among American sports speculators.