Eric Ramsey

Maine

Lead Writer at Legal Sports Report

I eat tacos and analyze gambling data/policy for @LSPReport. Please calm down. #Repeal2A

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Articles

Online Casino Helps Drive PA To Record $600M Month

1 week ago | legalsportsreport.com | Eric Ramsey

The gambling industry in Pennsylvania continued its growth streak last month with a record $602 million in taxable revenue across all segments, thanks in part to online casino and sports betting. Total revenue was up 16% from last May. Tax revenue from all forms of gaming surpassed $255 million, also a monthly record for the Commonwealth. May’s gross online casino revenue was $292 million, up 35% year over year and just a couple million shy of the all-time record set in March.
The Billion-Dollar Illinois Sports Betting Grudge

1 week ago | legalsportsreport.com | Eric Ramsey

Neil Bluhm doesn’t need anything from anybody. The 87-year-old Illinois native is one of the richest people in the world, a self-made billionaire with a substantial list of assets and accomplishments. He is the co-founder of Rush Street Gaming and Rush Street Interactive, most relevantly, the wallet behind the regional success of Rivers Casino and its BetRivers digital brand.
Kentucky Derby Figures To Extend Growth Spurt For Horse Betting

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.
Madness of NCAA Betting Puts US On Pace For March Record

2 months 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.
February A Mixed Bag For Pennsylvania Sportsbooks

Mar 23, 2025 | 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.
US Sportsbooks Barreling Toward Record-Setting Super Bowl 59

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.
Super Bowl Betting Poised For Another New Record With No. 59

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.
CT Lawmaker On Sports Betting: 'We Want To Be In The On-Deck Circle'

Jan 15, 2025 | legalsportsreport.com | Eric Ramsey

Connecticut lawmakers held a press conference about sports betting before a pair of informational hearings on gambling expansion over the next two weeks.
Turning The Page On A Record 2024 For US Sports Betting

Dec 31, 2024 | legalsportsreport.com | Eric Ramsey

The online gambling industry has almost closed the books on another record-breaking year of regulated operations in the US. In preliminary 2024 totals, licensed sportsbooks across 33 reporting markets combined to generate nearly $150 billion in handle and more than $14.2 billion in operator revenue. This report includes all published results to date and projections for months not yet reported.
October US Online Gambling Revenue Strong In Big 3 States

Nov 30, 2024 | legalsportsreport.com | Eric Ramsey

October revenue reports are still trickling in, but partial numbers have it on pace to be an all-time record month of volume for legal online gambling in the US. Of the 26 markets that have reported so far, 16 set new single-month handle records in October. Same-state handle grew 12% YoY for the reporting group, though revenue has slumped by double digits nearly across the board. The running hold of 7.3% would make it the leanest month for sportsbooks since last November.